Should I File Bankruptcy Or Pay Off $80,000 In Debt?



Say goodbye to debt forever. Start Ramsey+ for free:

Visit the Dave Ramsey store today for resources to help you take control of your money!

Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch debt-free screams, Dave Rants, guest interviews, and more!

Want to watch FULL episodes of The Ramsey Show? Make sure to go to The Ramsey Show (Full Episodes) at:

Check out the show at 4pm EST Monday-Friday or anytime on demand. Dave Ramsey and his co-hosts talking about money, careers, relationships, and how they impact your life. Tune in to The Ramsey Show and experience one of the most popular talk radio shows in the country!

Ramsey Network (Subscribe Now!)

• The Ramsey Show (Highlights):

• The Ramsey Show (Full Episodes):
• The Dr. John Delony Show:

• The Rachel Cruze Show:
• Anthony ONeal:
• The Ken Coleman Show:
• The Christy Wright Show:
• EntreLeadership:

source

You may also like...

29 Responses

  1. B Good says:

    You can settle car repo for pennies on the dollar? Um… No. You hope they'll accept a settlement, but you can't make them accept pennies.

  2. Rondie Rice says:

    Why are struggling working families guilted into paying debt that Corporations and the wealthy walk away from???

  3. Leon Caddick says:

    I certainly took a totally fast loan from One LendOpp . c o m , I neede a payday funding, they careworn out me in five hours

  4. sarah1234433 says:

    Guys, simply go to O neLe nd opp . Com if you need to get a loan over the internet as soon as the following day.

  5. LectronCircuits says:

    If payoff is five or more years out (and debt is bankruptable), bankruptcy is the most practical option. Cheers!

  6. olamide dawodu says:

    Hello guys I want to thank Shawn gray for helping me get my credit score up to 820 he cleared all my debts and loaded my account with money all for FREE i had just lost my job and had no options of getting money anytime soon his services are for only USA citizens contact him today through text at +1 (424) 281-4920 or on WhatsApp +1 (619) 387-7180 or through his email shawnhackingservice@gmail com I’ve not been in a more comfortable financial situation prior to meeting him don’t pass up this opportunity. Get your bank account loaded with money your credit card debt cleared and with a very healthy credit score.

  7. Christopher Gray says:

    Dave talking to someone with $90K of debt and a car repo
    "So what you will do is save up a pile of money"
    Sure
    It's just that easy to save up a pile of money if you're living paycheck to paycheck
    The average American doesn't even have $1000 saved in the bank

  8. xia lee says:

    Are you worried over your huge debt just like I was few weeks back, if so do let your mind be at peace now, Do you know you can make up to $8,000 or more weekly if you have a credit card or you have a bank account? ciaberhacker brought my hope back and now am living debt free and am making free money every week through him. if you wanna be debt free just like I am now then you can contact him on ciaberhacker2019 AT GMAIL COM or text him directly via +1 559…..376…..0021 Be rest assured he wont request money from you.

  9. arielnicole1982 says:

    She can definitely get this paid off in 3-5 years!! She just needs to buckle down like crazy with her budget.
    I make 40k a year and I managed to pay off 25k worth of student loans in 10 months. Its difficult, but not impossible.

  10. Holly Wilde says:

    The problem is while you’re getting rid of “mosquitos”, your school debt is accruing $3,000 a year in interest. I put my school loans in income based repayment in 2013 so I could pay off my credit cards first and now my school loans are $11,000 higher than they were when I graduated. I wish I wouldn’t bankrupted credit cards to tackle school debt.

  11. SGL says:

    Dave is not a good listener at all.

  12. Maquez Elizabeth says:

    Expeditetools com saved me from debt .I received over $38,000 from them through their tools.

  13. Med 71 says:

    What Dave doesn’t understand is that when you are in the red every payday you don’t have that 300 to pay off the 300. Easier said than done

  14. Knockout Investing Life says:

    Let's be honest here. She is $80k in the whole with interest accumulating. She makes no substantial payments to any of those debts. She is a single mom with kids to take care of. She makes 40k gross. It's gonna take her a decade to pay off that debt if she is smart and stick to the zero dollar budget plan or else she will live in debt like this for the rest of her life.

  15. Mrs. Chocolate Brown Girl says:

    Lord just let us win the lottery… I'm so sick of everyone in our pockets

  16. Chris Adams says:

    Just pay what you owe

  17. Penguins Are my favorite dinosaur says:

    I have one for you Dave. What number do I call and when

  18. LadyKabukiLovesJesus says:

    Why then is it alright for corporations to file chapter 11 bankruptcy, and a bad idea for this caller? What class are they attending to learn how to handle money appropriately? She could still have 20,000 of the debt discharged, and focus the extra money on paying off the remaining debt. IJS

  19. Jim Nesta says:

    Dave, is that a Pelikan Souveran fountain pen? I used to have an M800 in black/green, a great pen. I have a Waterman Le Man(ca 1992) with a fine nib and black lacquer barrel that I no longer use that you might like.

  20. kevin overholtzer says:

    in her case she should pay the non bankrupt able ones and forget about the ones that are bankrupt able . 40k a year and 62k in debt on things you cant go bankrupt on. As time goes by that she does not pay on the car repo and the loans and cards they will be more willing to settle no one is settling for less until some time has gone by.

  21. Christine C says:

    I can't believe people won't tackle the smallest debt first. It becomes very motivating to pay one off. Then you just keep motivated and you can see the light at the end of the tunnel.

  22. Thomas Haas says:

    Why not file the Chapter 7 and knock out what you can?

    That wipes out $18,000…its far better than nothing at all!

    Sure, the banks will get screwed out of $18,000 but I have NO sympathy for them, and I don't know why anybody else would either because you best believe they won't hesitate to slam YOU or HER or I with fees for anything they can…so f**k them!!! They charge you just for borrowing the money in the first place via interest. Which is fine, but to an extent…not to such a degree where over the life of the loan you end up paying 3x the original amount… Ever notice how THEIR lobby almost ALWAYS looks better than YOUR living room and their offices are often larger than your whole home? Like…skyscrapers? Well…THAT'S how they do it!

    If she files Chapter 7 and wipes out that $18,000, shes now down to $62,000 which she can either pay down entirely OR settle the debts for a large lump sum at once but at a reduced amount. I'm cleaning up right now and anybody that won't settle for 50% or less will be LAST to be paid, and I will take my sweet ass time paying them, too! Without a reduced settlement, I have absolutely no incentive whatsoever to accelerate my payments…they'll get the spare money leftover at the end of the month…screw them!

  23. Arkansas Smith says:

    Welfare Queen……smh

  24. j.t. smith says:

    Amazing that Dave Ramsey filed bankruptcy

  25. LectronCircuits says:

    Leaving the country with no forwarding address could be your best option. Cheers!

  26. Donna Walker says:

    I have encountered similar problem. My account was hacked and my signup information was changed so I couldn't retrieve my account then I asked a friend for an idea and she recommended a Certified Ethical Hacker to help me get my account back which I took a leap of faith by giving him a trial and he got me account back within 24-48hrs. You can contact him via kingzhackx@gmail.com
    if you need to get your account back. Hope this helps.

  27. acfalle54 says:

    Would Dave have this lady save $1000 before she starts paying things off? Maybe, for the sake of airtime, he just skipped saying it…

  28. Mathgasm says:

    40k a year just eat rice and beans and pay it off.

  29. Justmylukc says:

    is everydollardotcom the same as mintdotcom

Leave a Reply