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The Ramsey Show Highlights

Your Mom Is Being A Leech

The Ramsey Show Highlights

Ramsey Network

Investing, Self-improvement, Education, Business

4.5840 Ratings

🗓️ 30 August 2024

⏱️ 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.

0:06.7

So overarching question is that my mom took out a bunch of loans in my name.

0:12.5

She's making minimum payments, but I'm trying to kind of get this whole thing sorted out and out of my name.

0:19.4

How would you suggest that I

0:21.1

approach her, the situation as a whole?

0:24.0

How old are you?

0:26.3

27.

0:28.2

When did all this happen, huh?

0:33.6

It started back in 22, I want to say 21, 22.

0:38.4

It was after my divorce.

0:40.8

So I was kind of just starting caution to the wind and just saying yes to everything.

0:45.0

Oh, so you agreed to her doing this.

0:48.0

Yes.

0:49.0

It all started because the landlord wanted to sell the house that I grew up in, but she's currently living in, and she offered us a pretty good deal.

0:59.9

And my brother and I, we bought the house together for my mom. And now she's struggling to make the payments. And I'm just waiting for the day that I get a call that, hey, your payments do.

1:11.0

And my wife and I, we can't afford the payment ourselves.

1:14.1

So I just don't know what to do.

1:16.5

Wow.

1:18.9

You bought the house together for your mom.

1:21.3

And then she took out credit card loans in your name, all with your permission.

1:26.7

Yes, sir.

...

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