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The Ramsey Show Highlights

My Girlfriend Cosigned on a House, Car, and Credit Cards for Her Family

The Ramsey Show Highlights

Ramsey Network

Investing, Self-improvement, Education, Business

4.5840 Ratings

🗓️ 13 February 2026

⏱️ 9 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Brought to you by the Every Dollar app.

0:04.3

Start budgeting for free today.

0:06.4

I'm looking to get engaged with this young lady that I've been dating about nine months,

0:10.9

and I'm just getting into figuring out her financial situation,

0:16.4

and it's really a freaking mess to be an understatement here.

0:21.4

Oh, boy.

0:31.1

So she's co-living with her mother, her sister that is married, her other sister that is married, and of course herself.

0:34.9

And they all co-signed signatures and such and incomes to be able to

0:40.0

afford and purchase a home together. Whoa, six of them? So they're all on the deed. They're all on the

0:46.0

mortgage. Right. They're all in this mortgage. And then there's a food truck business that

0:51.2

they run as a family business and there's other incomes and then there's

0:54.7

private and business credit cards all mixed together and my girlfriend's credit score is tied to all

1:03.4

of these as a co-sanger and two auto loans that she's also tied to oh boy okay i'm okay. So if in six, you know, six months, if I was

1:14.5

hoping for a spring or summer wedding here, that like, I cannot join finances with over $100,000

1:21.4

of small bets and a house that I have zero equity or input in. I don't think she has equity in any of those things. She's been coaxed into signing as a co-signer and all of those things, but does not have equity in any of those things. How much of this does she understand? It sounds like you are well-versed in the world of finance, and I'm worried she just is like oh I didn't understand all

1:45.1

this I just signed because it was family and I thought it all work out I I don't know if she

1:50.7

understood the weight of when you sign a co-sign a loan like that how much are you on the line for

1:57.8

I don't think she really understood that. She doesn't understand that if they all

2:01.6

default, that it all reflects on her and that she could be the one that's responsible for all of it.

2:08.3

Correct. So there's another curveball here. One of the sisters has cancer, and so her and her husband

2:13.2

aren't really working. You've worked too hard to get control of your money just to let strangers

2:17.8

control your data. Every online sign up, discount code, and free trial comes at a cost,

...

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