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The Rachel Cruze Show

The Cosigning Nightmare(s) That Will Make You Think Twice

The Rachel Cruze Show

Ramsey Network

Self-improvement, Education, Investing, Business

4.83.6K Ratings

🗓️ 17 November 2025

⏱️ 13 minutes

🧾️ Download transcript

Summary

🎄 Enter the 2025 Ramsey Christmas Giveaway!   Cosigning is one of the things I warn people against the most! In this episode, I cover some of the messiest cosigning situations I’ve seen and why it’s a recipe for disaster.   Next Steps: 🎥 Watch my video 3 Healthy Money Boundaries to Set With Family. 💵 Start your free budget today. Download the EveryDollar app! 📈 Are you on track with the Baby Steps? Get a free personalized plan.   Connect With Our Sponsors:   Learn more about Christian Healthcare Ministries. Get 20% off when you join DeleteMe. Go to FAIRWINDS Credit Union for an exclusive account bundle! Turn to Minno for kids shows you can trust. Use code RACHEL for $10 off an annual plan with a 7-day free trial.    Explore More From Ramsey Network: 🍸 Smart Money Happy Hour 🎙️ The Ramsey Show   💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 💰 George Kamel 🪑 Front Row Seat with Ken Coleman  📈 EntreLeadership   Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Some of the messiest and most stressful situations I've ever witnessed have come from mixing relationships and money.

0:13.3

And you guys, it's a very complicated subject, but just to prove how crucial it is to have financial

0:18.4

boundaries in your life, I'm going to share three co-signing nightmares that will make you stop in your tracks and rethink your whole life. So make sure to like, subscribe, and show this episode with a friend. All right, when it comes to co-signing, in order to have a co-signer, it means that you have bad credit, which means you do not handle the debt that you have now well. So you don't have a good number. So the bank is like, we're not going to give you money unless we can have someone that's responsible. And then the responsible people are like, oh my gosh, you know, sweet, sweet bill needs a new car and, you know, he can't get one. He has no money and he has to get a loan, but he can't get a loan.

0:54.6

So I'm going to be on the loan with him because he will pay it. Yes, he will. And then he doesn't. And then you're just like, wait, what, what? And then you're stuck with it. So co-signing is one of the worst. So here are some Ramsey Show moments, you guys, where it proves it out. All right, so first up, we have Rebecca and her ex-boyfriend's

1:12.0

bought a million-dollar ranch in cash, but put her name also on the deed of the ranch. And they

1:19.4

weren't married yet. So this is not necessarily a co-sending situation, but they're already

1:23.0

mingling finances and they're not married. So I was on this episode. I remember this well.

1:27.4

Here's the clip.

1:28.5

Earlier this year, a, I guess a boyfriend at the time of two years was ready to take the next

1:37.2

step. And he wanted to move to my state. And he ended up purchasing a branch, which is kind of like

1:48.2

my dream property, for about a million dollars, paid cash, put me on the deed.

1:52.7

And prior to that, I said, you know, I don't feel comfortable doing this unless I am, unless

1:57.4

we were married.

1:59.3

At that point, he was like, nope, we're going to get married.

2:02.6

A venue was booked. A ring was purchased. And we move forward. He moves in for about three weeks

2:13.2

and then tries to almost trick me into signing the deed of the house into a trust

2:22.7

while he's like planning his exit.

2:25.1

And he left.

2:26.3

So, which whole other set of emotional issues.

2:31.8

He paid cash

2:34.2

of a million dollars for a property.

2:38.5

Yep.

...

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