There Is Hope When Debt and Life Feel Overwhelming

The Ramsey Show

Ramsey Network

Investing, Self-improvement, Education, Business

4.5 • 38.5K Ratings

🗓️ 14 January 2026

⏱️ 127 minutes

🔗️ Recording | iTunes | RSS

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Summary

❓Have a money question? Ask Ramsey is here to help! George Kamel and Dr. John Delony answer your questions and discuss: "How do we deal with the $300,000 of debt my wife racked up in predatory loans?" "How can I get my wife to understand she needs to contribute to our finances?" "I took out some payday loans while having a manic episode. How do I get on the Baby Steps and get out of this situation?" "Should I split my retirement contributions into different accounts?" "My house needs repairs but I can't afford it. What should I do?" "How do we go about paying off our debt? ". Next Steps: 💵 What is a 529 Plan? ✔️⁠⁠⁠ ⁠Help us make the show better. Please take this short survey.⁠⁠⁠⁠ 📞 Have a question for the show? Call 888-825-5225 weekdays from 2–5 p.m. ET or⁠⁠⁠ ⁠send us an email⁠⁠⁠. 💵 ⁠⁠⁠Start your free budget today. Download the EveryDollar app!⁠⁠ 🛡️ ⁠Protect yourself with trusted insurance coverage that fits your budget 💻 ⁠⁠⁠⁠⁠⁠⁠⁠⁠Find out where you stand with your money and get a free plan⁠⁠⁠⁠⁠⁠⁠ 📈 What is a 529 Plan? Connect With Our Sponsors: Get 10% off your first month of ⁠⁠⁠BetterHelp⁠⁠⁠ Go to ⁠⁠⁠Boost Mobile⁠⁠⁠ to switch today! Go to⁠⁠⁠ ⁠⁠⁠⁠⁠⁠Casper Sleep⁠⁠⁠ and use promo code RAMSEY to learn more If you want your car to keep going and going, trust ⁠⁠⁠Christian Brothers Automotive⁠⁠⁠. Find a local shop and get an exclusive Ramsey discount of 10% off Learn more about⁠⁠⁠ Christian Healthcare Ministries⁠⁠⁠ Get started today with⁠⁠⁠ Churchill Mortgage⁠⁠⁠ Get 20% off when you join ⁠⁠⁠DeleteMe⁠⁠⁠ Go to⁠⁠⁠ FAIRWINDS Credit Union⁠⁠⁠ for an exclusive account bundle! Debt collectors hassling you? Take back control of your life at ⁠⁠⁠Guardian Litigation Group⁠⁠⁠ Find top health insurance plans at ⁠⁠⁠Health Trust Financial⁠⁠⁠ Use code RAMSEY to save 20% at ⁠⁠⁠Mama Bear Legal Forms⁠⁠⁠ Visit⁠⁠⁠ NetSuite⁠⁠⁠ today to learn more Get started with ⁠⁠⁠YRefy⁠⁠⁠ or call 844-2-RAMSEY Visit⁠⁠⁠ Zander Insurance⁠⁠⁠ for your free instant quote today! Explore more from Ramsey Network: 💸 ⁠⁠⁠The Ramsey Show Highlights⁠⁠⁠ 🧠 ⁠⁠⁠The Dr. John Delony Show⁠⁠⁠ 🍸 ⁠⁠⁠Smart Money Happy Hour⁠⁠⁠ 💡 ⁠⁠⁠The Rachel Cruze 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	Brought to you by the Every Dollar app. Start budgeting for free today.
0:12.3	Normal is broke and common sense is weird. So we're here to help you transform your life.
0:18.0	From the Ramsey Network and the Fairwinds Credit Union Studio, this is the
0:22.5	Ramsey Show. I'm George Camel, joined by bestselling author Dr. John Deloney, and we're taking
0:27.5	your calls at AAA-825-5-225. Jeff is going to kick us off in Jacksonville, Florida. What's going
0:35.8	on, Jeff? How are you all?
0:39.0	What can we help me with today? What's happening? Well, my wife over the last eight to ten years,
0:46.0	has taken on a series of, I guess the term is predatory loans, now totaling right around $300,000, all without my knowledge, of course.
1:01.1	Goodness gracious.
1:02.8	Yes.
1:03.4	What kind of, when you say predatory loans, what type of loans are these exactly?
1:09.9	You broke up on us, Jeff.
1:12.3	I'm sorry.
1:13.5	It's the ones where they send you a check in the mail, and they say, cash this.
1:20.2	And you fill out some paperwork online, and they deposit the money straight into your account.
1:27.7	Okay.
1:28.6	So I'm trying to figure out the actual, was this one company that she just kept falling for this over and over?
1:36.2	No, it was multiple.
1:38.2	Wow.
1:39.0	And so they basically say cash this check, aka it's a loan as soon as you cash it.
1:44.0	Correct. It says you're pre-qualified for X number of dollars.
1:48.7	What did she use the money for?
	...

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