Courtney from Raleigh, North Carolina
Appearances
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Um, I just have a question about debt consolidation. So, um, I have, um, a vehicle loan that's like over 23,000. Um, and I'm wanting to sell it to an auto dealership, but the options are either lease or get a rebate and lease a car, which I don't want to do or pay the, the part where I'm underwater. Um, and so I was thinking if I go ahead and sell it and get a loan out for maybe
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
nine thousand i can pay off my credit card and have my car also um paid off and have that debt gone because my ultimate goal is to be able to get a house um and just get rid of some of that debt okay so the car you you owe 23 on it and have you looked at other options like private sale and what you could get because usually you can't get as great of a deal with through a dealership
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yeah, I haven't looked at private sale. I mean, there's a dealership right now. My car, they're offering like around $20,000. Okay. That's pretty good. I'm just concerned about how long it'll take to do a private sale while I'm putting more mileage on the car. Sure.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Okay, okay. So should I just stay away from the debt consolidation?
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Yeah, it definitely did. It went down like 10.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
I don't like I just made a big move, honestly, and I had like life happened. And then that's that's kind of what happened. Sure. I had to buy a new car. Yeah, because.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Well, no, my credit, I think the car is so new on my, I've only had it for a couple of months. Yeah, you're not underwater on it.
The Ramsey Show
Break the Cycle of Financial Self-Sabotage
Um, for a job, I got an actual, like almost a $16,000 increase. And, um, I just, everything was great. I had my money saved for my house. Everything was going. And then something popped up on my, I didn't know about getting an apartment. And then I, You know, I just couldn't get the house at that time as well. So I started shoving out money left and right next to me. I know my savings was drained.