I Owe $100,000 In Credit Card Debt 

@@waynelakeberg5164 No he doesn't need Help You SCAMMER! Nobody is calling that phone number

@claxtonbay123 someone should give it a try and repost if its a SCAM. I have nothing more to say than that.

Seriously. I thought I was in trouble with $4200 on credit cards making $50k/year. At least I'm not this guy

@@TBIRD722000 how do you even get $4,200 credit card limits. I only get $200 cards

@@MisterUrbanWorld you cant get $200 limits? The minimum ive found (not American) in my country is $2k and then you can lower to $1k after opening. Many credit cards are for 6 or 10k. BUT i think its a lot harder to get credit here with a decent bank. Personally would never get a cc without researching fees and interest and i think thats were a lot of people get caught and going with more "pay day" type banks.

good point.

Yes........ He may just be starting "towards" a new track, but at least he is starting. (Remember ... all of us have made mistakes in life.)

Exactly.. These ppl are beyond judgmental

WELL SAID!

The best and legit credit repair service is 4ficorepair. com

Agreed!

Facts

🤣🤣🤣🤣🤣🤣🤣🤣

belleandchic1 - IKR. I have to wonder what is going through Dave's mind. I'm sitting here thinking, "Dude, man up." You're 50, have $100K on credit cards, don't want to work, and "living with someone". And he has a confidence issue maybe. I bet he's living with a woman, and she's probably on his case. I hope he's thinking about saving for retirement.

So weird, he was real nice on this phone call.

Dave should have showed more compassion by giving him one word of advice.......BANKRUPTCY! His whole life can get better instantly.

@@christofl6523 AND Financial Peace University. Why didnt he offer him that for free?

There's a woman behind this.

He was never on that salary. He is lying. Most people lie don’t you ever watch dr house?

@@goodgood9955 bcos he is black. I 've been watching Ramsey respond to white callers with similar situations and he shows compassion and offers help.. seems racism is everywhere

I'm 25 and I wouldn't be making stupid decision like him. No job, no skills, and is 100k in debt

I didn't expect him to say working at a call center would be his dream job.. I thought electricians make more money

He voice didn’t sound age 50 at all.

@@highlyfavored2434 he did say managing call center*

Me too

It’s fine to quit a job as long as u have around at least 3-6 months of savings to survive off of

It can be hard to go to interviews when working full time. A trick is to use your vacation time and call in sick if you really have to. Apply for jobs like crazy in the weeks or month leading up depending how long is usually takes to get one. I quit one time without a job lined up but I had a lot of savings and knew I could land something quick because I was young and applying to simple jobs.

@@gemil9933 I don't disagree with you entirely but I'd feel very uncomfortable in that position even, better to have the savings though so yes

Sometimes there isn't another option

Pamir Cinar i have 20k

I have 19k in student loans:/

Christian Quiñones yeah but hopefully you got a degree that’ll boost your income potential more than average

Lol I caught that too

John Waters probably taking advantage of the system too.

John Waters doesn't*

Doesn’t not don’t. Please proofread. You sound black

John Waters Nobody likes to work... Do YOU?

only black people speak that way?

I don't think he is lazy, he just doesn't have any motivation, like his friend says get the heck out of my free house. It's go time. Lol

I worked Lyft for a while but my door broke on the van so I couldn't do that anymore

@@oklahomagirl3941 I would think that qualifies as a "till the wheels fall off" situation. You did what you could until you simply couldn't anymore. We can hardly fault you for that.

Guy is just lazy. And using credit for more than 1000 dollars brand he’s dumb too. I would only use a credit card in an emergency if I was not intelligent to have some emergency money already. I’d rather sell my phone and computer than be in debt

StressFreeCity I love your profile picture of the Cinque Terra 🥰

Drugs addict

Mikheil Ghvinianidze what do you loose when you go through bankruptcy

Might as well but he seems unmotivated

@@meowdalachow7932 1st.Honesty 2nd.Trustworthiness 3rd. Ability to get loan for major Purchases for several years.

Reel Deal *weblife22 on Instagram is an expert, he will help you*

@@MikheilGhvinianidze What does it mean to declare bankruptcy. Pros and cons

At fifty what he has to show my goodness. I am. 55 and the only debt is mortgage. He will have a rude awAkening when retirement comes.

You won’t help with a hug. The guy needs to man up. He needs harsh words

@@donnaroberts4513 what retirement? This guy is already ‘retired’ 🙈

@@donnaroberts4513 At least 45% of the people don't have much savings by age 50 in the U.S. Most of them are in the hole.

There comes a point things have gotten so bad, you just give up. I don't think he's at that point considering he's making phone calls, though.

A lot of money with little work.

@@the_rush_to_nothing Yes, my friend is doing that now till things pick up (Uber Eats). He is a musician so as he points out, he is using to putting miles on his car.

😂

Cost of doing business. I've never done the Uber thing, but I suspect they don't account for that when you work for them.

and you only accumulate mileage when your making money, no valid points. this caller is lost.

Anybody can get credit cards, even Forrest Gump.

@@terrywaters6186 That's the huge problem.

Conor M It’s the plan. High interest credit cards and bankruptcy court is an industry in the U.S.

He was trying to tell Dave about the rest of his debt in the beginning but Dave wouldn't let him, lol.

reminds me of Bernie Sanders to be honest.

Bernie is a hard working man, who doesn't even need money, could retire but keeps on going. what are you talking about?

Stop judging him. He probably feels terrible and depressed. He just wants some help.

When he was making $100k, was that L too?

You don't know his full story. He sounds a little beatdown and depressed. Emotional issues can cause wreckless spending and poor decision making etc.

Call center manger average salary is 50k..no way we has making 100k...and then switch to uber?..also no way he is 50. Also why lead with your 2k of dept when you have 100k in CC dept? Non-sense.

Roman G 😂

Except that 1 + 1 = 2.

It probably isn’t a prank. This dude just seem stupid with money.

that call was dreadful

Lol

😂

I mean, not really important business going on in a call center.

Kimberly Owens Right!!

Kimberly Owens fr like Dave is trying to help you

I agree! No way this guy made $100k a year!

I wonder if it’s true that you can deliver pizza by the end of the day

Start from zero not a lot of employment options.

Not a bad idea though

Financial peace classes should be held round the back of pizzerias.

@shams john definitely. I wasn't poo pooing it at all. Nowadays especially, I see food delivery people all over the place.

I was referred to a credit specialist though my colleague when I had credit issues and they helped me remove all negative items from my report and also improved my score to 750+ excellent very fast. I’m very grateful and surprisingly they don’t charge much, I'm recommending zeushackers01 AT outlook DOT com, to everyone who needs to fix their credit score and they also help to clear debts.

I’m at about 14 k but I make about 60K a year but with my skill set I can work anywhere as a forklift/reach lift driver and I’m 29 years old but watching these videos I’m greatful that I’m not pathetic like this caller no offense but he’s pathetic or allowing himself to be at least imo

Nice income 👌 Hopefully you're investing early and often, then you'll really be seating pretty.

What?! No Dave, it’s bad. He’s a typical Loser. Just another guy who doesn’t think he needs to work.

LOL

Well maybe he liked that kind of work? We all have different gifts and work that makes us feel good about ourselves. Not everyone is going to be an Engineer.

The dumbness just overwhelms me sometimes !

Pretty LIFE PrettyWife you can’t say that,15623677365 changed my life financially for Good,

At 50 he is crazy to run up do much debt.

yeah he sounds like he's no good.

Farquharson I

No need for Dave to shame him when people do in the comments...smh.

Yeah the people saying they're making that much, including the guy below you, are completely lying to you. If everyone who says they make $100,000 to $200,000 or more on the internet actually were, the median income wouldn't be as low as it is. The dude calling in saying he used to make $100,000 annual probably made closer to $30,000, but just can't or refuses to do the actual math of it because that would mean he'd have to admit he could never pull in more than $30,000 annual. He wants to live the "I could have gone pro" life.

Irfan Ilias where ?

Irfan Ilias where do you work? im majoring in chemistry but not sure where i want to go after i finish

Love girl I’ve briefly dated guys like him and let them live with me🤦🏼‍♀️ and I’m an educated Independent woman. So yes I believe that he is that guy lol

Love ... 95 % of men are not in the postition to have sugar mammas like women do.

Idk who's letting him stay with them but I sincerely hope it's not a woman. This guy is a disaster- no work ethic, no ambition, no self discipline, no confidence, just nothing.

@@Bae_mackx Well that might be the case, but neither you nor I know his full situation. Several people here say he might be withholding something from Dave Ramsey. (P.S. everyone is dependent on someone. Most women are educated.)

I did the same thing in 2013. Won't go there ever again! Cash only. I found that I find a way through every situation where I'm short on money. If I had a credit card I would probably be back in debt. Most people would have no debt if they tried everything possible to pay cash instead of credit.

Some people can handle the responsibility of credit cards and others can't..

William Reed lol

No it isn't. Banks are legalized loansharking with these credit cards. They will keep giving you more as long as you can make the interest payments.

watwat79 this guy is full of it.

just got back from Dallas and the Uber drivers told me they made 300 before tips on a Friday, and 150 a day on weekdays......

joshua gallardo look into to uber. After taxes, gas, car maintenance, deprecation of your car and other expenses, Uber drivers are lucky to make a little more than minimum wage.

There are other ways to capitalize on the Uber platforms than just trading time for money. Referral bonuses, tips, Bonus hours.....and depending on the type of ride, higher pay than the usual. You are a business owner yet many people drive for Uber or Lyft as if they are employees. You make what you want and manage your own expenses, etc. in order to actually make that money.

True ., he wouldn’t have a choice of letting them have access if he was 100k in the hole with Amex or any of the other ones ., that he wouldn’t even have that kind of credit limit with the little amount he makes ., he did make money for a while it sounded like you have to do good with your credit for the lenders to increase your limits like pay off full balances before the 0 interest periods end or close enough to transfer them over to another 0 interest . I’ve been playing this game too long but I’m finally getting it now that’s it’s not worth it if you want to a life you can do more of the things that you want . Even 10k and up your payments all together rack up around or close to 200 a month

Sooooo weird. A random Rich Lux comment in a Dave Ramsey video girl.

better than* lol stupid

What does that mean...I never liked nor understood that answer

Yaaaaas rich lux

What are you doing here o.0 . My universes are intersecting.

Not to be nosy but how's your situation nowadays ? 🤔

Michel Hanson I could not have said that better myself!

Mr. White Top level managers do

That’s completely possible, but call center work is life draining!

Mr. White yep, sounds fishy to me.

Call center jobs are the worst jobs ever, I would honestly rather flip burgers and mow lawns.

It's possible!

Now that's call hustling, I'm makimg 89K/year and plan to be debt free by 2019!!

Berkeclor92 how

You must have close to zero living expenses.

He is responsible for his fate.

If he simply motivated himself, then life would go much better for him!

I bet he thought the Magic potion was Obama.

F T exactly right.

He did say he made $100k a year...

Why not ¯\_(ツ)_/¯

Yikes

Youre supposed to answer that question realistically. Whats he supposed to say, movie star? Managing a call center is better than most people can do.

Dave saying that is just dumb! He will be doing that for 300 or 400 years to pay 100k off 😆

Hey, I am with Dave on this one. I used to deliver pizzas part time and I was making an extra 2 thousand a month just on tips.

Correct me if wrong, but doesn't filing bankruptcy cost money? I don't think he has any.

@@Musicienne-DAB1995 Take about $1k, just let debt stack while saving that up to file bankruptcy

I believe the statement that Dave said the CC is like the Cigarette of the Financial Industry.

That's just flat out wrong. They absolutely do care that you pay it off. The interest-only payments is their worst case scenario when they analyze your loan, as in if you suddenly lost your job and are on unemployment, they want you to AT LEAST be able to make interest payments until you get back on your feet. But at the end of the day, they want the full amount back because it's not their money they are lending you. It's their depositors' money. And FDIC-insured or not, they get in serious trouble if their depositors come calling for money and they don't have money to give.

@LordTrayus - yes, they want it paid off, but they absolutely would prefer you do it by making perpetual minimum payments. In fact cc companies consider people who pay the balance of what they charge every month to be “non-preferred” customers. This guy is exactly the kind of wet dream customer they want. Not only are they taking 80% of his monthly payment as straight profit, they continually raise his interest rate on the premise of balance to available credit limit. These things are absolute poison.

I've known people with fantastic credit scores, who pay off their card everything month in full - and we're cancelled by the CC company because of it. CC companies are basically the mafia loan sharks we used to see standing on street corners.

I don't think he understood what Dave was trying to ask, lol.

Your 10 year old doesn’t have 50 years of baggage weighing him down.

I hope this is sarcastic lol

Froylan Cepeda lol 😂

Yeah. Very annoying