We're Being Sued by American Express for $85,000!

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 26 January 2021

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Chris Hogan, Christy Wright, Anthony ONeal, and Dr. John Delony. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Tuesday, and this is the Ramsey Call of the Day, part of the Ramsey Network.
0:06.5	Joining me today is Ramsey Personality, Chris Hogan.
0:10.5	Sean is in Houston, Texas.
0:12.2	Hi, Sean.
0:12.7	How are you?
0:14.3	Hello, I'm doing pretty good.
0:17.4	I'm calling because we're being sued by American Express. We were served
0:22.4	this weekend, the papers. We owe them, we owe them $85,000. We have $50,000. And I'm trying
0:29.5	to find out, do I need to hire an attorney or should I try to settle with them for the $50,000?
0:34.4	Or I have talked to an attorney that told me it would be $5,100 to hire now.
0:38.5	And I'm just trying to find out which way to go.
0:40.8	Okay.
0:41.7	That sounds a little steep to settle that.
0:44.7	And how far behind are you?
0:47.8	We were paying, we last paid them in July right after, you know, the COVID thing.
0:54.8	We were on a payment plan.
0:55.8	How in the world did you get $85,000 on an Amex card?
1:00.0	It was a business card, and my husband decided to do a business deal and fronted all the
1:06.1	material for a project, and that's this.
1:09.8	Yep.
1:10.6	So here we go. This is why we don't do it. Okay. I just wanted to learn. Yep. So here we go.
1:11.7	This is why we don't do it.
	...

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