The Ugly Truth About Credit Cards

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.8 • 3.6K Ratings

🗓️ 5 August 2019

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Millions of Americans are being duped by credit card companies every day. And, you guys, I’ve had it! So, in the latest episode of The Rachel Cruze Show, I’m going to expose credit cards for what they really are. You’ll learn: Lies you’ve probably heard about credit cards The truth no one is telling you about credit card points How to buy a house without a credit score Resources: Zander Insurance Financial Peace University What Affects Your Credit Score Article Show Notes Page

Transcript

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0:00.0	I'm young, honestly, didn't think it was possible to buy a house with no credit.
0:04.5	This is a huge lie that we have believed for decades and decades.
0:08.7	It was a bit of a process to find a mortgage company who would work with us.
0:12.9	Getting out of debt, doing the amount underwriting, like, where you sit today is a worth it.
0:17.0	It is worth it.
0:18.0	It's always worth it.
0:19.5	Hey guys, welcome to another episode of The Rachel Crucial Podcast.
0:23.2	So glad that you are here.
0:25.2	All right, this episode is going to be one that may step on a few toes.
0:29.9	I'm not going to lie because we are going to talk all about credit cards.
0:34.6	Yes.
0:35.6	Okay.
0:36.6	Whenever I go around and I'm talking to people or I'm speaking at an event, most things
0:42.1	people can kind of get on board with.
0:43.9	They're like, oh yeah, yeah.
0:44.9	I understand you know, having a car payment is stupid.
0:48.0	Like, you know, when you look at the math aspect, I get that or yeah, you shouldn't borrow
0:52.4	money from family members because it always ends up going sideways.
0:55.3	Like, there's a lot of things when you talk about debt that people nod their head and
0:59.4	agreement and they get, they may not follow through with it, but they understand credit
1:03.6	cards are one of those things that I always get pushed back on because when I tell people
1:09.4	that you can live life without a credit card and go as far as say like, you don't need a
	...

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