4.6 • 682 Ratings
🗓️ 9 September 2024
⏱️ 6 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
0:06.7 | So right now, I've finally started with the first and second step. But now I'm at the point |
0:12.6 | where I have three kids that I, no, I shouldn't have, and I did it. I co-signed for a column, |
0:20.2 | because you know, if you want, you do one, you got to do the other one. |
0:23.6 | So I'm stuck with these three car longs. |
0:26.3 | One of them is about to be paid off in two months. |
0:29.6 | The other one, she's paying half on it because she said she didn't have all of it to pay the whole card note and I'm paying the other one. |
0:38.6 | And the third one is just saying they don't have the money right now. |
0:41.8 | So my question was, I was thinking about just letting the other two cars just go |
0:47.9 | because I can't afford to pay for neither one of them. |
0:53.2 | And so would it be a good idea if I just let them read for it and just let it go on my credit? |
0:59.2 | Well, you're going to have repossession on your credit. |
1:01.2 | You co-signed. |
1:03.4 | And then when they sell the car and it doesn't bring what's owed, they're going to come after you for the difference. |
1:10.2 | I know. That's why I I said them at the point there |
1:12.9 | yeah you're gonna you're gonna get sued and you're gonna have your credit |
1:16.5 | screwed up so let's talk about that the one car is almost paid off so it's |
1:21.8 | not a problem right right okay so the other to the second car they're when you |
1:26.7 | pay part of the payment what is owed |
1:28.4 | on that second car the one car is old one of 16,000 on one and the other one is like 14,000 |
1:38.2 | okay and what are they worth the one for 16,000 it's only worth 8,000 dollars shot and the one that 16,000 is only worth 8,000. |
1:44.7 | Yikes. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.