Dave Ramsey Hit w/$150 Million Lawsuit

[@davidbrayshaw3529]

I got sucked into attending a timeshare presentation in Las Vegas, back in 2008. We were offered $280 just to attend. It was the most incredible marketing operation that I have ever seen in my life. The professionalism, the set up, everything was just so well executed. And people were signing up! I couldn't believe it! Eventually, after a painstaking process, the plethora of sales people gave up on us and we received our check for $280. As a young man I cleared blocked sewers for a living. I dug trenches by hand, and I painted two story houses with nothing more than a few brushes, a couple of buckets and a ladder. The $280 that we "earned" in Las Vegas was by far and away the hardest cash that I've ever earned in my life.

[@GoingApeCostume]

My husband and I once agreed to attend a time share presentation, to which they are offering show tickets, because we knew they would drive us there, and weren't we lucky that the van was coming in ten minutes. The location was a half block away from our hotel. We walked into the lobby where everyone was lining up to fill out forms, declared the lobby "Beautiful!" and walked right out the front declaring we needed some air. Saved 20 bucks on cab fair from Fremont St, didn't care about the show.

[@LuckyCharms777]

Every person in sales should attend one timeshare presentation just to witness their tactics.

[@markmedley6849]

I went to a Direct Buy presentation and it was the same way. It was so obvious it was a scam; I was actually entertained by the presentation. People however were happily spending up to ten thousand dollars on a membership just to order from their catalogue. They would start at ten grand and negotiate down from there. It was unbelievable pressure, but I didn't want the membership even if it was free.

[@i-a-g-r-e-e-----f-----jo--b]

Funny story! Thanks.

[@thestraightroad305]

Great story👏🏻👍🏻🙌🏼

[@krushmoto1]

My friend used to go to Vegas when they paid $$ to sit through a presentation. He'd finish the presentation with his wife as required and when it was over he'd tell them, I'd love to but into it but I need approval. Sales rep would reply, "need approval? But your wife is here. Oh not from her, but my bankruptcy trustee.". He said they'd all turn different shades of red and purple and stomp off. He'd collect his $$ and move onto the next presentation. That was their pocket money while in Vegas. 😂

[@calculator1841]

That's inventive!

[@jeanohara6179]

Genius

[@MikeBarbarossa]

I did a similar tactic when I bought an RV recently. See, the sales tactic of " let me talk to my manager" puts them at an advantage, becuase the person you are talking to has his hands tied, (his manager calls the shots) meanwhile you are sweating the descision in front of him. So I pretended to call my wife. I told the salesman " my wife said the price must come down. She says we can get a better deal elsewhere. Sorry, my hands are tied" It flustered the salesman a bit, and I ended up being able to negotiate a better price

[@dknowles60]

i wish i had thought of that

[@mpowe123]

Genius 😂

[@CZsWorld]

Ramsey subscriber here. He promoted Timeshare Exit Team and the ads were disclosed as ads. Then the Timeshare companies allegedly sued Timeshare Exit Team so many times that they were drowning in legal fees and could no longer afford the commercials on the Ramsey Show. Dave believed they were helping people though, and continued to promote them pro-bono. Dave declared war on the timeshare companies and they started harassing him. They hired a reporter to ambush him at a hotel for a hit piece. I wouldn't be surprised if the timeshare companies are paying the people who are suing Dave to get him off their back.

[@saintmichael881]

Never expected to see you in this comment section 😂. Thank you for the clarity on this subject, I'm definitely sitting down and watching your vids tonight.

[@jswets5007]

I was suspicious when I heard it was only 17 plantiffs.

[@jamesb.8201]

Dave Ramsey is a scam.

[@bonniebon7335]

If they couldn’t afford the ads ad were swallowed up in legal fees, how could they afford to pay someone else or pay their legal fees?

[@caseynelson5091]

​@@bonniebon7335it was the Timeshare Exit Team that was being overwhelmed. Thats the name of a business that helps people get out of timeshare contracts. The speculation on paying people for the lawsuit is from the timeshare companies that are trying to deface Dave Ramsey.

[@Anahutch1]

I worked for a resort company that did something similar for RV parks. People's fees were increased annually. Our collection team was brutal. Many of those who bought into a contract didn't read them and didn't know earlier contracts froze membership fees at age 65 and we were only supposed to freeze the fees if someone called and complained. I suggest everyone knows their contract. If we brought someone to court to collect back fees and they actually showed up, we would try and make a deal before the case went before a judge. We did that because, any case that a judge ruled on, we lost.

[@YeshuaKingMessiah]

What is brutal compared to not brutal for a collection team?

[@SD-hs2pk]

Thanks for sharing

[@MegamanEXEv2]

Dave said over and over and over that they were a sponsor. I dont know how this lawsuit could have literally any chance of going anywhere.

[@Zachary_Setzer]

Exactly this. I'm a long time listener and also remember him saying all the time that they're a sponsor, just like he does with Churchill Mortgage.

[@MrCodykuczenski]

Idk if could be legal or just moral but there are many listeners who wrote him letters explaining the fraud and he continued to sponsor them and clearly didn’t do any due diligence as any dive into the company reveals the fraud, lawsuits ongoing/settled while sponsoring etc

[@shawnanapier845]

I was going to post the same thing. He even did an entire show with this particular company, which is very unusual when it comes to most of his sponsors. It isn’t surprising he was paid a large sum for this kind of promotion. However, it was explicitly stated they were a sponsor of his. I don’t think this suit will hold water. With that being said, one of his many insurance providers may pay out a fraction of the amount requested to settle it and make the nuisance go away. The $150M is unlikely to see the light of day.

[@Thomas-pu7le]

Gotta wonder if a timeshare is behind the lawsuit.

[@texdevildog9174]

But did he say it during the three minutes that the plaintiff listened to the radio? [sarcasm]

[@SmilingSynic]

I used to sell these "products" thirty years ago when I was a poor graduate student, so trust me when I say this. DON'T BUY A TIMESHARE. Easiest way to get out of a presentation if you have already showed up is to say that (1) I don't vacation; (2) I don't have any money to vacation; and (3) even if you were giving it away, I would not sign up. Take your free gifts and then get out of Dodge. Fact is, even if they were giving them away for free, it is still a bad deal for most people. The annual maintenance fees keep going up forever and ever, and the exchange system usually does not work out, even if you plan out months ahead. It is a scam from which you can possibly never escape.

[@tedunderhill9718]

Thanks! As well, I took a tip from someone I knew about selling timeshares. I forget the company now, but I only did it for a couple of months before realizing that those "90-minute" presentations that people agree to attend are much much longer and pressure-filled. I quickly realized that the whole thing was essentially all but a scam. Of the handful of people that I've known that have had them, not one was happy. Agree with you, DO NOT BUY A TIMESHARE! I would even say DO NOT BOTHER SIGNING UP FOR THE FREE WEEKEND or whatever they offer. It's not worth the time, hassle, pressure, etc.

[@kennethmelnychuk9737]

I walked away from a few timeshare presentations with a full belly and a DVD player and the look on the hosts faces when we were leaving was priceless. It’s quite easy to say no and walk away.

[@SmilingSynic]

Yup. If they start strong-arming you to try to keep you to stay, start making a loud fuss, loud enough so other tables will be distracted enough to wonder what the fuss is all about. Even better is to loudly say the words "scam", "ripoff", and "attorney general" if they don't get the message.@@kennethmelnychuk9737

[@patrickbrinkmeier1858]

I'm 44 years old and I myself and my wife WILL NEVER buy a timeshare. That said, my parents did about 15 years ago. They bought a timeshare at a condo at Myrtle Beach. They lived in Northern VA at the time. They have traded their week at their time share for other timeshares all over the world and have been to Scotland, Italy, Greece, Hawaii ( in January ), and all over the Caribbean and Virgin Islands. They actually retired to Myrtle Beach a few years back and built a new home and now that condo there is just used to trade for other time share owners weeks all over the world. So it works out for them and they more then go their money's worth. They just got back from their 3rd cruise already this year also and it's still the 1st week of March so that shows how much they love to travel.

[@warriormanmaxx8991]

Easiest way to get out of a timeshare situation is ... Do Not Sign Up To Attend Any!!

[@vesselfit2use]

Never ever ever sign up for a time share. Tell those scammers *NO* promptly and swiftly and *WALK AWAY IMMEDIATELY*

[@johnvanzelm2307]

It's fun to work them up into a rage.

[@matt7iron]

My sister tried to get me to join a timeshare, I told her it's a nightmare and they can raise the prices anytime they want, after 12 years of misery she finnally got out and I think she had lawsuit against her, she wouldn't talk about it, I'm proud of myself for not getting into those shysters scams

[@zachjones2346]

It's probably ok if you understand it isn't an investment and it is money you don't mind losing but other than that, you're right on lol

[@kahrhoshe]

I had a timeshare with my wife. She ended up just not paying the fees. We used the timeshare twice-once for her girlfriends week and one. For my guy eeeks. -haven’t heard anything from rei since my wife passed away. We only paid 2800 up front.

[@user-kb5zm9jb8k]

As I'm listening, I'm wondering why medical doctors are not required to disclose the kickbacks.....financial incentives.....when recommending and/or prescribing medications?

[@lashanda8977]

Exactly

[@michaelzona128]

An ethical doctor doesn't take kickbacks in the first place. If they did, (and some do) why would they confess to their unprofessional conduct?

[@Thanatos2996]

Because a field as corrupt as medicine would buckle under all the disclosures. Your average GP probably isn’t taking too many bribes, but the associations he is a member of and whose recommendations he has to stick to certainly are.

[@BangNguyen-ux4ie]

Amen

[@YeshuaKingMessiah]

Becuz its expected he’s a pill pusher Drs are just glorified drug dealers

[@williamharris8274]

My wife & I stupidly went to one of those presentations once in Lake Tahoe. Extremely pushy, but they had no idea how stingy I was at that time in my life (grandkids changed that). I finally told them that I would not sign anything that my lawyer had not reviewed and told them to send me the documents. They were mad as hell, but they never sent me the documents and we did not buy into a time share, although many others did.

[@libbylandscape3560]

Smart move.

[@cheapbastard990]

I went to one of those back in the 1980s, got some free stuff including a free 3 night stay in a resort. It was pretty nice. But they figured out pretty quickly that I wasn't interested and there was no way they could get me interested. The pressure tactics only lasted about 5 minutes in my case.

[@danielsmit11]

My parents went to one in Colorado around 1981. Went because my father just wanted to annoy the ones giving the sales pitches which he did. Used to do it to car salesmen too, would get them down on price then he'd tell them no I'll have to think about it

[@robertsmith2956]

I took the 40 susan bee's for listening to the spiel, and said no thanks. I have no problem owning a part of a home, but all i'm paying is the same part of the property tax. I'm not going to pay for a service company to maintain it. I don't pay for that on my home I own 100% of.

[@gcanada3005]

That’s funny Steve. Nova Scotia is farther south and much warmer in the winter than Michigan

[@signs9587]

I went to a time share presentation once many years ago with my husband. We were in Sedona, AZ walking around the downtown area when we came upon a booth selling time shares. All we had to do was go to the presentation and get a $100.00 visa gift card. No strings attached. So we went. We were in a huge room at resort styled condo community with many other couples at tables. Each table had their own salesperson who was trying very hard to get anyone to sign. After an hour I felt my husband wavering and I said that I was done and wanted my $100.00. Of course they tried to get me to stay but I was so done and told them so. I insisted. I wanted the gift card that they had promised with no strings attached. They finally gave it to us. I'm so glad we never purchased a time share!

[@choccolocco]

In gatlinburg, TN, they pester ppl all the time, or used to, with the “$100 and a free dinner” offer while you’re walking down the street. My wife once won a free vacation from work, when we went, the hotel told us we had to pick a day to attend a time share seminar. I was pissed. Turns out, they lied to her employer and had been suckering companies into sending ppl to their garbage presentations… many ppl ended up in trouble for that one.

[@LuckyCharms777]

Just like car salesman and police interrogators, they try to hold you hostage for hours on end to “crack” you into signing a contract/confession.

[@jackb1803]

@@LuckyCharms777 Only 90 minutes they said, but after 4 hours if you demanded your prize, they'd drag their feet and not even service you at the counter. Personal experience in Mexico in 2000.

[@NoelleTakestheSky]

I went to one in Vegas. They didn’t count on me LOUDLY punching holes in their claims. I may be the only person to ever get kicked out of a timeshare presentation. 😂

[@pmall4899]

I went to one of those sales pitches. First, we had a nice young lady show us around and tried to sweet talk us into it. When we said no, they brought over a guy who tried to shame us into it (don't you think your family deserves this?). Then they sent over an old battle ax woman who tried to strong arm us. We did not by.

[@toriless]

*buy ?

[@michaelleggieri7135]

With me they brought in an old seahag

[@richardc-ex7rt]

I believe you. You won’t even buy a vowel. “By”

[@nozrep]

have you ever heard the Norm McDonald “battle axe” bit off a Conan appearance he did? A great bit he did! Ok totally off topic I know I know. But when you said the battle axe woman hahaha I laughed and remembered Norm McDonald’s weird but funny joke about it on Conan O’Brien one time a long time ago. It is on the youtube too!

[@pmall4899]

@@nozrep I'll have to check it out.

[@jimdavis6833]

Back in the 90s, I saw an ad for timeshares offering a free color TV just for attending. I thought about riding my motorcycle to it because it was 50 miles away, but decided to take my van because I wasn't sure if I could strap the TV on my bike securely for the return trip. After going through several painful hours being pressured to buy, which I declined, it was time to get my TV. What I got was a 3" Casio LCD TV operated on 4 AA batteries. I could have ridden my bike after all. My wife and I got many laughs about that. BTW, I still have it and it still works if connected to a digital cable box.

[@MsScoobysnacks1]

😂😂😂

[@timdowney6721]

So, you’re saying the TV is as enduring as the myriad fees on timeshares? 😄😄

[@maryjohammons8905]

Good laugh ❤

[@warriormanmaxx8991]

What did you learn, if anything? There is no such animal as something "free" !!

[@jimdavis6833]

@@warriormanmaxx8991 I learned not to buy a timeshare. My wife's reaction when I showed her the TV made the trip worthwhile.

[@duggydo]

I never would have imagined that the youtuber I trust the most is a lawyer. I enjoy your videos and truly appreciate your honesty Steve.

[@nozrep]

lol yep. well, way i look at it is good and lawyers and scam lawyers or lawyers who are actually also criminals exist in the world. Just like anything else. Good folks and bad folks all throughout regardless of the prevalence or popularity of stereotypes and such.

[@r.rodriguez4991]

It's nice that you trust him but he got some facts wrong actually so you might want to consider that.

[@duggydo]

@@r.rodriguez4991 Any time he’s ever got something wrong and found out, he corrected it in a future video. Since you brought it up, what did he get wrong?

[@MonkeyJedi99]

@@r.rodriguez4991 Please elaborate. Steve will be happy to issue a correction in a later video if you are right and he was wrong.

[@r.rodriguez4991]

​@@duggydoSince Steve's mostly reading from an article I don't have a problem with anything he said that came from the article. In regards to his own comments I'll just break down what stuck out to me. 1) Dave doesn't recommend people limit credit card usage to emergencies only. The guy absolutely hates debt. Under no circumstances does he recommend even having a credit card, much less using it even for emergencies. 2) Dave doesn't take into account people's interest rates. Dave uses a method of debt payment called the "debt snowball" which involves listing your debts from smallest to largest and paying them off in that order. Interest rates hardly ever come up if at all. 3) Dave's show focuses on the personal behavior of his callers, not the mathematical path that led them to their situation. In fact he regularly tells people they don't have a math problem, they have a "you problem". Steve's characterization of the average call is almost completely foreign to the show. I like Steve's videos but it was frankly bizarre to hear his version of what Dave Ramsey does. He should have either done a little research or just said "I don't really know much about the guy." I'm a relatively new viewer to this channel and kind of assumed he did some research before doing these videos. Of course, I understand he's simply reading an article but the inaccuracies really got me because if he didn't take the time to verify those things it makes me wonder if he does that elsewhere. There's a bit more to this story too that would have really improved this video.

[@enterchannelname4542]

Jeez, these people can't catch a break. First they get scammed into a time share, then they get scammed trying to get out of it.

[@ellencox8415]

I really do feel bad for them. They trusted Ramsey when he said he endorsed them, but they were a scam as well. Sucks that there are so many crappy people/companies whose only goal is to take advantage of everyone they come in contact with.

[@johnp139]

Some people are just plain dumb.

[@haroldlanglois8986]

lmao.

[@hoogabooga9736]

i wonder if they are sister companies! 🙂

[@brothernick7221]

​@@haroldlanglois8986 b

[@amandagish5976]

My now ex-husband and I went on our honeymoon. Some people tried to talk him into going to some meeting. I looked at the papers and said NO! This is a timeshare and we're not getting involved. I'm not spending a day of my honeymoon getting sucked into some deal that will cost us for the rest of our lives. I still stand by that decision and will until I die.

[@wallywest2360]

My wife and I did the same thing on our honeymoon. Sat through their thing for some free tickets to a water park. We didn't buy the timeshare, and we didn't even end up going to the water park, LoL.

[@shirleylecompte9183]

@@wallywest2360Timeshares will strangle a person forever. We did it kept for 20 years got out. Thank goodness 🎉🎉🎉

[@jamisojo]

Yeah, we ran into an invitation in Las Vegas. Their idiot dialogue asked if we want a 11:00 a.m. or a 3:00 p.m. presentation. I told them neither and then we enjoyed our vacation.

[@suzybearheart530]

@amandagish5976 if your new husband had any doubt at the time if you were the right woman for him, I bet you absolutely removed every bit by saying no to the timeshare scam. You are a keeper! ❤❤❤

[@amandagish5976]

@@suzybearheart530 Thank you, you made me grin!

[@EM-KeepingtheFaith]

Here's the problem. MILLIONS of us have followed Dave Ramsey, got out of life sucking debt, got savings, and saved our retirement. It wasn't easy or overnight. BUT, following his Baby Steps, we GOT THERE!!!!

[@miketheyunggod2534]

Wait. Paying off debt lowers your debt? Really? Wow! Thank you Dave Ramsey. 😂.

[@rudyardganuelas6254]

@@miketheyunggod2534if you spend less than you make, you get to keep the rest?!?!?? 😮

[@donnaphen503]

@@miketheyunggod2534 Well some people that call in actually have to have it explained, even though they know the answer. It's called being spoon fed. I don't agree with some of his advice, such as NO credit card, and bringing religion into the equation. Oh well LOL.

[@burdettheithold1534]

I got into serious financial trouble in my young and stupid years financing new cars back to back eventually going upside down. Well, I disciplined myself to own up it and painfully dug out of it without Dave Ramsey. I have a huge issue with him claiming such a Christian image while overlooking his cocky attitude. I’m now comfortably retired with a fantastic inflation proof income. Get a local reputable advisor.

[@burdettheithold1534]

@@rudyardganuelas6254😂

[@alexanderren1097]

So let me get this straight, the people suing Ramsey are upset that a company he once advertised isn’t as good as they were supposed to be? Why are they suing Ramsey and not the company itself?!!!

[@StorytellingHeadshots]

They are upset because he didn’t disclose that he was paid to advertise them. He made it seem like he was genuinely recommending them. That’s illegal.

[@stephenbowles7153]

deep pockets

[@nozrep]

such is the litigious subculture of some not all but a certain portion of some of America and some of America’s lawyers. Yes, a multibillion dollar subindustry of shady greedy lawyers who specifically specialize in exploiting all of the loopholes in the laws whereby, they are able to legally, without breaking the law, bring frivolous lawsuits against companies and individuals. It is, unforunately, a form of legal extortion. Because there are laws that say, frivolous lawsuits are illegal. Extortion is a felony indeed. But these lawyers and their clients are able to stay just underneath the “legal threshold” or line where it would become an illegal lawsuit. I am not a lawyer, but I have heard lawyers explain it this way to me. Crazy!

[@TheRayzerBandit]

Because he advertised to them that this was a reputable company without disclosing that he was paid by that company for the advertisement (“allegedly”). That is, in fact, illegal and can lead to unique lawsuits against him. These people are probably suing both him and the company, but due to the company going out of business the customers probably wont make their full money back.

[@3B-TM]

Because the company is bankrupt and doesn’t exist anymore

[@pearlharbor8065]

I've never once heard Dave Ramsey reccomend using a credit card for emergencies, he teaches an initial $1,000 emergency fund, then once your debts are paid (minus mortgage) you have a 3 to 6 month fully funded emergency fund. This is part of the 7 Baby Steps.

[@HayabusaOrlando]

Dave's snowball effect with paying off credit cards ABSOLUTELY works. It worked for me !!!

[@outlawedmedia4336]

it's also common sense.

[@outlawedmedia4336]

@traybern Debt avalanche is by far a better solution if it's the money you're trying to save

[@comochinganconesto]

​​@@outlawedmedia4336Nope, bankruptcy, chapter 7, 11, or 13, or even having something voluntarily reposed are sometimes the way to go, but you need to consult someone that knows what they are doing. The problem Dave has with this is the whole "we pay our debts cuz we are not bums." Which is extremely dumb as, depending on the circumstances, it can take longer to pay off the debt than to take the loss and the credit score penalty, and work towards solvency instead of paying interest rates that keep climbing.

[@YeshuaKingMessiah]

@traybernthe wrong way? What’s ur way?

[@YeshuaKingMessiah]

Only if u have enough money to live on If u don’t, u don’t, period

[@josephdurnal]

My mother listened to Dave Ramsey a lot, and took a lot of his advice. Before that though, she got a timeshare. She even once looked into Timeshare Exit Team, decided that it probably wasn't for her because they wanted too much money up front. She was patient, and waited for a buyer who wanted her week at that resort. It took like 5 years but she eventually got out of her timeshare. Dave Ramsey's advice was very good for my mother, and my sister and I, getting ourselves out of debt and not getting into more debt has really lead to a better life in my opinion.

[@johnl9977]

Dave is a fraud, at least on the Christian side. I heard him saying that Jesus was not talking about him when saying the obscenely wealthy have a hard time getting into heaven. He says if "God" can forgive for murder, He can forgive him for being filthy rich. Right there he is saying that Jesus is full of BS, that he, Dave Ramsey knows much more about it. Besides, he made all his money ripping people off on real estate, charging obscene rents, and getting giveaways from Republicans.

[@timwaddell9450]

I have listen to dave from time to time. I am an average person, how could you not tell dave was doing an ad and gett8ng paid for it? This is the dumbest lawsuit ever.

[@timd1833]

My daughter & son-in-law used Dave R's program and it got them out of debt. They are now debt free (except for house payment) but they know how to handle money as well.

[@kckettridge]

My sister and her husband bought 2 time shares and TimeShare Exit was able to get them out of both. They owned them for about 5 years but as everyone has said, the maintenance fees just keep going up and they ended up not being able to use it b/c of of overselling.

[@Adam_K_W]

We purchased a Hilton Grand Vacations time share at the Sea World location in Orlando back in 2010. We got rid of it in the fall of 2022. Here's the story: By the time we paid it off, it probably cost us around $10,500 or so. We had "Points" every other year which would be worth about a week's time in Orlando. All in all, we generally used those points about 6 times, plus took a two week trip with the bonus points we got at sale... Fees: On the no points years, our maintenance fees were about $285, on the Points years, they were $900 plus, so if you add those two together and normalize it, maintenance fees averages about $600 a year and remember we could only stay every other year. So here's the math: $10500 Buy in + $600 a year for 13 years = $18,300 for roughly 6 or 7 weeks (averaging 5 nights NOT 7) staying here and there at various locations. Now, back when we bought, you could get a room at a nice place for around $125 a night, now it's $300... Ultimately: Let's say we stayed a total of 38 nights from 2010 to 2022... At $18,300, that comes out to $481 per night!! We agonized over trying to get rid of it. We ALMOST went with one of those "Get out of your timeshare" services, but decided they were all scams... I emailed Hilton and they have a department that allows you to surrender your timeshare back to them and they will pay you "Market Value" for it. The process takes around 6 months... They paid me $915 for it! Read that again, We paid $18,300 for just about 38 nights of stay over 12 years ($481 per night)... Hilton was happy to take it back so they could resell it. They told me the "Market Value" was $915... NEVER EVER AGAIN!

[@memelc5655]

Appreciate your honesty

[@sodaratieng9507]

We sold our for $250!

[@joniboulware1436]

Your story is so typical. It is a terrible industry and just sucks people in with absolute BS.

[@dr.markevers8331]

Wow!

[@timthefosterdad]

Yep, we looked into it a few years ago. They throw a bunch of numbers at you and make it seem like a great value. Once you write it all down and calculate ALL the costs (the maintenance fees are what send them way over "value") you begin to see that it's really not a great investment. Especially with the available variety of rental websites and hotel deals, etc.

[@christopherdunham2637]

I've watched Dave Ramsey for years. He always said they were an advertiser on his show. If someone watched with any regularity, I don't see how you wouldn't know that.

[@donaldcornwell1151]

I agree. I recall the same thing

[@sunshine3914]

Doesn’t he claim to be a financial advisor?

[@clark-ul7tp]

@@sunshine3914he’s said the exact opposite😂

[@hamiltonasseiro6671]

The best way to be a slave to money is over using credit cards. Please people - ask for receipts for everything you buy each month and track all expenses. At month's end put receipts in separate piles for say "food 7:13 cost", "vehicle costs", "utilities", etc. Run your household like a business and trim if needed.

[@MI-me3pt]

My wife and I went through FPU and went from being broke to paying off all our debt including our home and having over 150,000 in the bank. Whom ever got scammed, it sure wasn’t because of Dave. It was their own stupidity.

[@robertsmith2956]

He showed you to READ the fine print. They obviously didn't.

[@newmonengineering]

My wife and I did the same. If you actually do what the course tells you to, you will get out of debt.

[@flolacandola9396]

Preach it!!

[@donHooligan]

why do money addicted apes use their opinions like they are facts?

[@enfpchick]

The plaintiffs will win and have millions in the bank 😂

[@lindamcclenny9516]

At some point people have to be responsible for their own actions.

[@robfreeman5783]

Not in cases of true fraud, which is implicit theft. This company defrauded and stole from its paying customers. Ramsey was helping them do it by recommending them as if he wasn't getting paid for it.

[@timmarshall7292]

@@robfreeman5783 That hasn't been established yet.

[@SariahSavvyTips]

Dave needs to be responsible,

[@timmarshall7292]

@@SariahSavvyTips People sue and lose; this case has not yet decided who is responsible.

[@ag4allgood]

Own actions ? You mean Trusting Dave Ramsey in what he HYPED as a reputable company but not disclosing he was paid $450,000 / month by them ? I heard Dave go thru a bunch of other companies doing this on his show saying not to trust them - except the one he got paid by ! Also these people paid between $4,000 to $72,000 to get OUT of their time share to this company. Apparently the company was shut down by a State Attorney General.

[@Javmon9]

You got to assume that companies that advertise on his radio show are paying him right?

[@hxhdfjifzirstc894]

Yes, this is so well known as to be common sense. Do these people think OJ is just telling us his favorite car rental company for no reason?

[@phillipsiebold8351]

Sometimes, but not always the case. Sometimes it can be assumed that this is an ad with the radio station or the show production. It is often hard to tell and so disclosure is important.

[@RustyZipper]

Just look up “Diet Donut Lawsuit”

[@awturbosp]

These people seem like they found a potential technicality and are trying to exploit it.

[@christinef7739]

There's a difference between paying for advertising time and paying the host directly to promote your service. Ramsey owns Happy Hour Media Group. So the time share company was paying the Media Group for the ad time AND paying Ramsey to promote them. It would be like Fox News charging Budweiser for ad time and Budweiser paying Tucker Carlson directly to promote them. But I'm not a lawyer, a show host or a company. I don't know much about the lawsuit but Ramsey is nothing but slime wrapped up in a Bible. He made millions from this company but ignored all the complaints he received from his viewers about them.

[@HUAIYAIMARKY]

My gut is screaming to me that Dave Ramsey is more reputable than the 17 Western Washington residents with a slick lawyer, scheming for a big payday. Tune into any am/fm radio station. I know of no requirement that paid advertising be ‘disclosed” prior to broadcast. Now I’m curious and want to follow this case. Thank you, sir. I enjoy your work.

[@PublicHealthGeek]

I'm having trouble seeing how they didn't know Ramsey was being paid. As a on-again-off-again listener, he was very upfront about the relationship. He mentioned that they were paying him multiple times.

[@FluffPuffkotj]

Fellow casual listener here. I was well aware they were paying him.

[@PublicHealthGeek]

@@AdirondackHomestead I mean, I can't say every time since that would mean I 1) know the when the law requires it and 2) listened to every episode, but in general, whenever he mentioned "Timeshare Exit Team" he mentioned something about them being a sponsor/partner. He even did obvious ad rolls for them. In theory, he may have missed a required disclosure, but I am unaware that he ever did.

[@haroldlanglois8986]

What person with even a small amount of common sense wouldn't know if someone like Dave mentioning a product on his nationally broadcasted radio show WOULDN"T be compensated??? Of course, these are the same people who bought into time shares, I guess I answered my owned question!

[@nathand.9969]

@@PublicHealthGeek And if he did you'd have to have pretty bad luck to still be ignorant of the relationship.

[@IceMan0003]

I remember the time he talked about why he dropped them!

[@Americantilltexassecedes]

When we were first married we were young and stupid and got ourselves into a major debt problem.Thanks to Dave's teaching we got out from under 60000 of debt cut up our credit cards and have been debt free for many years. We have no debt and 40,000 dollars in our emergency fund and a half million and counting towards retirement. We are living our best life!!! Thank you Financial Peace University

[@SaturnStarOfDavid]

What he teach you? How to add and subtract basic monthly budget. You couldnt figure that out yourself with common sense.

[@Demonizar]

Replying to the second comment, it’s 20% common sense, 80% behaviour and most don’t behave correctly

[@itypethetruthnobshere8975]

@@SaturnStarOfDavid if its common sense why is majority of people in debt?

[@PrexXyx]

@@Demonizar Ye, I think Dave's advices are more psychological than financial

[@Jondsmusic]

@@SaturnStarOfDavidexactly!

[@survivetothrive21]

One time my wife and I were in gatlinburg with our motorhome. I’m sure this is right up Steve’s alley already 😂. We were buying tickets for activities there that week. One activity my wife wanted was sold out. Just so happens a time share consultants booth was directly beside us and overheard. He said if we go to the meeting thingy for his time share, we’d get all the activities we wanted, plus the one sold out, for “free”. Well, reluctantly, I agreed to it for my wife bc she wanted said ticket. So we go. In the middle of their little presentation, I gotta call from my insurance agent pertaining to a possible issue with my trucking businesses insurance. So I got up to walk out, leaving my wife to listen to them, and the despicable SOB of a snake oil salesman called me out and scolded me like a child, telling me I couldn’t leave. I tried to refrain from being any more intrusive so I quickly said it’s a business call that I had to take. He borderlined yelled at me for having the audacity to even think about leaving, albeit temporarily, and told me if I walked out I’d forfeit the tickets. So I told him to “EFF off, I’m not a child” and left. Wife stayed lol. We still got the tickets. Absolute lowest of the low, those who sell time shares.

[@channelview8854]

Those who sell anything unless it's a store where you can walk out anytime you want. I loathe those door-to-door salespeople. I had a Vivint salesman at my door one day and I couldn't get that MF to leave.

[@andrewpinkham9904]

@@channelview8854 you know how i got one to leave.I excused myself for a second and brought in a gun cleaning kit and a disassembled shot gun.I told him to please continue while i cleaned and began to reassemble.He left before i was done

[@channelview8854]

@@andrewpinkham9904 thanks. I'll remember that!

[@JeremyStreich]

​@@channelview8854 "I have revoked your welcome. Leave my house or you will be charged with criminal trespass and home invasion." Then call the police non-emergency number on speaker phone.

[@channelview8854]

@@JeremyStreich I like the way you phrased that. I think I will write it on a card and keep it near my door. Thanks!

[@blitzkrueg07]

My brother works at a time share as an IT specialist. They wouldn't even allow him to turn in his time share without a fee. So my brother sold it to my father. Whom was 93 and they were given back at my dad's death 6 months later.

[@Happey67]

I picked out an auto insurance company that Dave endorsed. It was good for six months then the premium was raised significantly higher but I decided to opt out and find something else. The fellow wanted me to pay $12 for coverage that was never there. He even tried to bully me to say, he will send me to collection. I said, if you want to send me to collection for $12 dollars do so. I had to call the auto insurance agency in the state I am living. Dave had nothing to do with their unfair business practicies.

[@jedblow]

I attended a timeshare in Florida. We got cheap lodgings at the resort of which they were selling. I turned the tables on them by sympathizing with the sales people telling them I realized they work extremely hard and I was their friend in spite of how rude they were being, but no. I wasn't going to buy. I would never do this again.

[@Jillousa]

My parents sat through a timeshare sales pitch to get a free Disney ticket and completely regretted it because it's slowed down the start of our vacation day! Wasn't worth it at all

[@Landis_Grant]

My new bride and I and another couple were motoboated to the middle of a lake where sleek marketing people did a hard sell on a time share. The pressure was enormous with no way of escape. We were then given a continental breakfast (a croissant and a glass of orange juice). Finally, we were let off on the shore, were handed two free admission tickets to Disney World as promised, and we couldn’t get out of there fast enough.

[@drgswilson]

The timeshare industry targeted “Timeshare Exit Team” and sued them out of business. Since Dave Ramsey advises against timeshares, it may be that the timeshare industry has encouraged this lawsuit as retribution.

[@josephyoung1635]

Probably funding it

[@VintageToiletsRock]

@@josephyoung1635 4D chess

[@preachers4135]

Exactly what I believe is happening. May the Truth be known. “No weapon forged against you will prevail, and you will refute every tongue that accuses you. This is the heritage of the servants of the Lord, and this is their vindication from me,” declares the Lord.” ‭‭Isaiah‬ ‭54‬:‭17‬

[@pattimartin859]

What about these people filing a Class Action lawsuit against the Timeshare Industry.? There has to be thousands of people wanting to get out of the contracts. Maybe after 10 years the contract expires/or needs renewed. Contract ends at death of owner. ...etc.

[@stephanbranczyk8306]

You need to watch the John Oliver story. It's more than that. Basically, the timeshare exit industry are scammers as well.

[@paulmarc-aurele5508]

I was 25 years old and visiting Disney with my family in 1983, I was lured into a free Dizney ticket promo that turned out to be a time share. They tried earl hard to sell me, I went through 3 closers and kept telling them the same thing. Give me my tickets. At that time you were buying a week the same time every year that could be traded, what stopped me from buying was the Condo they were offering was worth 60K, they started trying to get 5K, they went down to 2K, in addition they had a $200.00 maintenance fee. I told the final closer you don’t have anymore here who could sell me this give me my tickets. I saw it for what it was an hope anyone that listens to your show stays clear of them. Thanks for your channel it’s always interesting!

[@kevinroberts9394]

That is how we got tickets to Disney every time I have been to Florida. We would always call my grandpa tell him we were going for our free tickets. Sit through the pitch. When they were really pushing it. My aunt would tell them she had to see if was ok with her dad as he was basicly her accountant and a call was made and basicly he would go over a few things and say you just don't have the money to make this work at this time you can't do it and they gave us the tickets. It was an annual event growing up. They normally had really good food and it was a planned day of our vacation every year

[@warriormanmaxx8991]

@@kevinroberts9394- Good Grief !! Buy the Disney tickets, stop wasting time trying to get something for free !

[@Megabear90]

They tried this with my Dad - when he said no, they pretended the free tickets were only for buyers. What they didn't know is that my Dad was an Army Sergeant with latent anger issues back then. Latent meaning that he was perfectly reasonable and pleasant up until a point - that's when the man turned straight terrifying. Suffice to say he walked away with his tickets.

[@GunnyPhillips]

As Dave often says in his shows, "his advice is worth exactly what you pay for it." "Case dismissed."

[@bobsacamano7653]

Very true!!

[@JTA1961]

150mill X zero =...

[@JTA1961]

Went with wife to on of those...& MAN they were NOT happy with me...reminded me of police interrogating teams. We got TV & trip & NO dimeshare.

[@newshodgepodge6329]

Dave? Edit: Never mind. It's the middle of the night. I'm propped up in bed. PEBKAC is the whining cat on my lap and part of the reason I'm even (half) awake. Need I say more? 😟

[@kashfortheking]

That’s some straight up Ramsey shit 😂😂😂

[@sllyjac1787]

My husband and I sat through one of these presentations 10 years ago. We kept saying we weren’t interested. They would leave the room and come back with a different strategy. Completely a waste of time. They dangled gift certificates to restaurants in our state. Really bad restaurants that we would not want to eat at. Restaurants barely hanging onto life. This is 3 hours we will never get back.

[@ZackScriven]

Why go?

[@toriless]

@@ZackScriven Free stuff, we got a free weekend in Las Vegas, flights included. Might do the BS so I could go to some shows and visit a few restaurants.

[@noconsentgiven]

Isnt it ironic they ganged up to sue somebody that was trying to help them out of a bad decision, but didnt gang up to sue the timeshare companies that were (allegedly) ripping them off in the first place🤔😏??

[@janet6962]

Good point!

[@redmed10]

Timeshare Exit Team, armed with an endorsement from personal finance personality and radio host Dave Ramsey, lured in hundreds of timeshare owners who paid upfront fees of $3,000 up to $9,000 in the hopes of getting out of their contracts. In September 2021, the State of Washington ordered the company (officially known as Reid Hein & Associates LLC) to pay $2.61 million in restitution and discontinue its deceptive practices. Now, it appears the company has closed its doors, according to an article in Resort Trades Magazine penned by industry group ARDA.

[@redmed10]

Perhaps because time share exit team is no longer in operation.

[@michelleb5637]

Perhaps because his persona is a trusted figure, ad he chose to promote businesses because they lined his pockets with advertising dollars. Even though the lawsuits may not come to fruition, Ramsey may be out of business. Once again, buyer beware, listeners too.

[@DVeck89]

Gotta sue the one with assets. Doesn’t help anything to win a lawsuit against a closed down bankrupt company.

[@snap-off5383]

My wife and I took them up on the 3 day hotel stay in vegas to "sit through the presentation." and we did have the intestinal fortitude to say "no" over and over and over and over, and point out why we didn't think they were right about it being a no-brainer good deal. When the 'presentation" started we were all friends, by the time it was over and they saw we weren't budging, the hatred for us was palpable, they weren't going to let us go without trying ugly as well, trying to shame and guilt us in to taking their offer for free without buying in, as if we're stealing food from their kids' mouths. We had just gotten done getting the hard sale on a pots and pans set from "contemporary lifestyles" and weren't about to repeat the same mistake. Getting ugly and nasty doesn't make sense they can just write our names down and not let us take a freebie again, You'd think they'd want couples like us to do the same to their other competitors.

[@purselmer5931]

Wow, my husband and I took time share presentation people up on their offers continually. We'd go, sit through the presentation, politely decline and would get whatever they were offering (tv's, trips, etc.) w/out any discomfort or bad feelings on anyone's end. We always got the "prize" and they could not have been nicer. Sorry you had that experience.

[@andrewpinkham9904]

i just assumed there was going to be the hard sell.and didnt want to subject myself to them

[@eugenetswong]

Vector marketing wasn't so aggressive with Cutco, but your story does remind me of them.

[@cyberjujo4413]

Did they have free food there? Any good….asking for me.

[@SemperSig]

To the salespersons mind, you probably were "taking food from their mouth" because many of them make money on commission only. If they dont sell, they make nothing. Thats not universal, but I have seen salespeople at these presentations take NO very well, and also not so well at all. I was another one those people who liked to collect the trips, meals and gift cards and walk away with a smile.

[@blueelf217]

I remember the South Park episode about timeshares in Aspen, and how the parents kept getting harassed basically, until they all purchased one. It was a funny episode, but accurate with how good the marketing for these are.

[@lb34mwr]

The advice he gave people on how to deal with debit helped me and my wife not lose everything when I got hurt at work. With his advice we kept are house and did not file bankruptcy.

[@maldodanny]

At the end of the day you are responsible for your finances. I listen to Dave Ramsey on the radio from time to time and I’m amazed how stupid people are with money.

[@nozrep]

touche’! well said! me too!

[@nozrep]

but yes I have also unfortunately paid “stupid tax” many times. Stupid tax, lol, as Ramsey has liked to say for many years.

[@TedInATL]

Listening to Dave Ramsey is a marker of stupid people.

[@markbajek2541]

I stopped when he told someone trying to return a mattress to bring his kids into the mattress store with ice cream cones and told them to go lay on the mattresses. There's plenty of reasons a mattress store won't take back a mattress, lice, bedbugs , roaches ....you name it.

[@timmooney7528]

I find it amazing how some of the callers on his show have individual or combined incomes with their spouses equal to several hundreds of thousands of dollars, but do not understand the concept of saving money or not spending more than they make.

[@detonationpyrotechnics4156]

People suing for their own stupidity is not going to end well for them lol

[@stephenbowles7153]

Especially in a Class Action Lawsuit where the lawyer will (if successful) retain the most of the money and each client will receive a pittance for their efforts...DUH. As you stated, "suing for their own stupidity". was correct.

[@jonno.alexander]

To me it looks like implying that they don't deserve any redress of grievances, despite their stupidity (and by extension, perfectly excuses any malfeasance on behalf of the perpetrator)?🤔

[@boomn216]

They are suing cause he said time shares are bad but he was advertising for them to get people to buy them. He was saying two different things.

[@robert5]

Well, there are places such as NYC where that [suing for their own stupidity] works. It works if they can get it in front of a jury of entitled idiots, never doubt the power of stupid. I don't know where this was filed, but Dave will have to vigorously defend against it, as if an idiot judge approves it and an entitled idiot jury hears it anything can happen. As in the idiots rule against Dave Ramsey and he is on the hook for the 150 mill.

[@doittoit00]

@@boomn216 No, he was advertising for a company that was supposed to help people get out of their timeshares. This makes perfect sense since he said timeshares were not a good investment.

[@giovannidigitalart]

As a former timeshare owner i can tell u. Everything that was said here is true. Next to impossible to book anything anywhere. Unless u upgrade to a more expensive package. The constant harassment to upgrade is horrendous. Then the annual maintenance fees which u dont realize at the time of signing are crazy and go up as well. My wife was able to get us out of it on her own which took some doing but was successful. We did consider hiring a company to get us out it but they all charged way too much. It is doable to get out on ur own. Parting words. Please dont ever sign up and don't let anyone do this either. I dont know how legally they can get away with this. Boggles the mind.

[@boristheengineer5160]

I read SOMEWHERE that one of the worst aspects of timeshare property (not holiday clubs) was the maintenance fees, and it seemed as if the only way out of them was to find a buyer for the timeshare and that was impossible as the fees were such a liability. You couldn't even abandon it and it wasn't like a lease that would eventually run out, you were in it for life. The story I was reading was about dealing with someone's inheritance and apparently if you are at risk of inheriting a timeshare you have a limited time limit to disavow it!!

[@LuckyCharms777]

I don’t know how anyone can be responsible for a timeshare they didn’t sign up for, and I can’t believe anyone would be dumb enough to leave a timeshare as an inheritance for their family member. However, if it’s true, what a fantastic way to screw over someone you hate. 😂

[@bkucenski]

You can foreclose on them and eject them in a bankruptcy. They are very stupid. If you want to go on a vacation, just pay for it when you want to go.

[@LainK1978]

​@@LuckyCharms777if you inherit a timeshare you are responsible for the maintenance. You are not paying rent or at least or anything you have to maintain the property. Just like if you were to inherit a house within an HOA, you are responsible for the maintenance fees.

[@barbs1298]

@@bkucenski I guess it sounds elite to say you have a timeshare. It sounds like you're somebody going somewhere...lol. 😄

[@LuckyCharms777]

@@LainK1978 So I just looked into it. Parents need to keep their kids name off the timeshare dead, and they need to not specify a specific person to inherit it in their will. This allows children to disinherit a timeshare. If they do inherit it, they’ll probably need an attorney to help them wrangle through getting out of it.

[@knghtbrd]

Most youtubers didn't address and apologize for promoting that Established Titles scam. They just got away from it and stopped talking about it. The ones who called it out are the ones I have some respect for because they did the uncomfortable but very right thing to keep anyone else from getting scammed.

[@deeprollingriver52]

Dave Ramsey taught me how important being debt free is to a happy. Because of him, I’m leading a happy, debt free life.

[@sleepyearth]

lol. this sounds like an ad.

[@roywall5231]

Dave Ramsey is a fool. Listen to his rant about inflation and loosing the world reserve currenc he thinks the dollar is king no matter what. You will lose all your savings listening to someone that thinks a fiat currency is better than gold

[@tBOGGgle]

@@sleepyearth True stories that are good tend to sound like ads

[@Black70Fastback]

lack of worry about where your next meal will come from feels soooo much better than owning that (insert shiny thing)

[@ErinRSU]

​@@tBOGGgle nobody ever says that, that's literally just something you thought up that you think sounds deep. What are you 14.

[@thomasaitken1345]

It’s a con. The timeshare companies buried the exit team in frivolous lawsuits and bled them with legal fees until they went out of business. They threw A LOT of money around defending their scam business model.

[@markminister2599]

The essence of Dave Ramsey is to live simply and you do not need to buy things to enjoy life. Getting out of debt, having an emergency fund is sage advice.

[@chuckytherapper]

concrete statement

[@minimaxmiaandme.4971]

And anybody with common sense knows that......his advice can be obtained for free from many sources. 🇨🇦

[@TrueLee]

And now there is no need to listen to the show! Thanks!

[@chuckytherapper]

@@TrueLee 🤣 😂

[@rumchata6569]

You’ll own nothing and be happy

[@jonesyokc]

I went to a timeshare presentation in Hawaii. They promised that if I wasn't interested that they would leave it at that, and there wouldn't be any pressure. HUGE lie. But then again it didn't matter because I could not apply even if I wanted because I was in the middle of building a house and I wasn't allowed to obtain new credit.

[@boscopit]

What all happened while you were in Hawaii?

[@jonesyokc]

@@boscopit I discovered the joy of shave ice. Then a place called Ice Monster. Loved it.

[@nattydreadlocks1973]

Why even go if you knew you couldn't buy?

[@willblanton3120]

@@nattydreadlocks1973 because it’s a free trip most of the time! Lol

[@jonesyokc]

@@nattydreadlocks1973 I was already in Hawaii. When I went to check out the property, I thought I was looking at a hotel resort. It wasn't until I got there that I found out what it really was. I didn't get anything crazy expensive out of it. The property was really nice but not worth the money or commitment.

[@TheEMC99]

I've listened to him for years. My husband and I went through FPU. He gives a lot of excellent advice. Whenever I heard his ads for TET I knew it was a sponsorship. I hope they find some help if they were scammed. That's awful. Wish both parties the best.

[@nozrep]

it is awful. And I agree as an avid Ramsey listener and “practitioner” I remember he always disclosed that they were a sponsor. So yes it is awful but me being biased, it seems even more awful that it is possible that Ramsey may have got scammed by the “anti scammers”, and it seems really awful that the plaintiffs are now also being scammed by their lawyers because, it will likely be revealed, in court, for the official record, that Ramsey indeed disclosed them as a sponsor over the years. Yes it seems a lose-lose-lose situation for all parties involved, all around.

[@lisagrafton2529]

Those people got into a timeshare mess, because they are gullible. Now, some lawyers are trying to get their money for filing a lawsuit they likely can't win! I highly doubt Dave Ramsey would not say it's a paid promotion. Besides, they likely would have lost more money, trying to get out of the timeshare themselves. Some people always want a get rich scheme, and then file lawsuits against the company who they knowingly fell into doing business with. Did they think it would be free, to get help getting out of a lifetime financial commitment? They only hear what they want to hear! That's why they were in financial trouble and getting free advice on how to get out of it!

[@DragonSilverSky]

@SomeReturn Chiming in to echo the above comments. I also knew listening that it was a sponsorship. This seems frivolous, but Ill await for the court to decide. But, I do live in washington... there is a lot of scum here.

[@celularphone]

They were obviously ads.

[@deaf2819]

@SomeReturnyou have all the evidence ? Because otherwise your comment was frivolous

[@africanqueen1655]

Dave Ramsey listener here, he helped thousands get out of DEBT & Financial Slavery and the DEBT living conglomerates know it. That’s what it’s really about. The truth shall prevail. 🙏🏿👏🏾👏🏾

[@georgedistel1203]

I was never stupid enough to fall into the time share traps, I would tell them to f off . Always shredded anything from them. My sister lived Dave Ramsey and got herself completely out of debt and helped me using his system. I'm retired and absolutely no debt, and it will stay that way.

[@mannys9130]

Congrats on getting out of debt! Just keep in mind that Ramsey is wrong about 2 things: First, SOME debt is GOOD debt. Second, credit cards are a fantastic tool that everyone should be using at all times. Debt is a leveraging tool which is very good when used correctly. Buying stuff cash money is fine in the "nothing held over my head" aspect, but you free up a bunch of cash flow by borrowing the loan and making small payments over time at a low interest rate. You can use that remaining cash for investing in growing ventures instead. If you do it incorrectly such as say, going and buying a crappy car at 25% interest for an 80 month loan and paying $5,000 over book value, yeah that's not good at all. But mortgages, reasonable car loans, and student loans are good debts that leverage credit, empower you, and strengthen your credit score big time. As far as credit cards...they are the bomb diggity. The best cards give you big rewards and have no annual fee. You pay nothing to use them. What you do is charge the purchase to the CC and then immediately transfer the payment from your checking account to the CC statement and you pay it off right away. Boom, no interest. No balance reported at closing so low utilization rate. You get the cashback/points/miles rewards though! It's like have a 1-10% coupon for EVERY SINGLE THING that you buy! Who wouldn't jump on that deal?! So when do CCs go bad? That's when people charge a purchase that they don't already have cash for, and let the balance carry over past the statement close date so they get charged interest. Say a dummy with a $1,000 limit CC that charges 25% interest goes and buys a $750 washing machine. They don't pay it off in full right away, so the balance carries over. They get slammed with $187.50 in interest charges and their utilization is reported to credit bureaus at 75% and their FICO takes a huge hit and drops a bunch of points... That's horrible. The $750 washer becomes almost $950. If they make the minimum payment next month, it gets WORSE!!! That is what Ramsey means when he says CCs are bad decisions. The best way to do the above scenario if the person can't pay the $750 in full is to charge it to a new card that has a promotional 0% interest. The compromise way is to charge it to the lowest interest card available and pay a lump sum right away that's as much as they can afford and keep paying toward it until the last minute before the statement closing date. That way the interest is as minimal as possible, and then pay it off completely next month.

[@Matthew-zn3zm]

​@@mannys9130 the problem is using debt correctly is difficult and takes discipline. Why David Ramsey makes his money selling the simple solution...and can be a conservative guru claiming people's debt problems are all Starbucks related and not our system is totally rigged and if you aren't rich you're kinda f'd related. Seriously. Read comments on ANY David Ramsey video. I'll betcha a grand you can't find one in which wealth inequality is mentioned and Lattes don't come up. People are dumb.

[@spammehere67601]

​@@mannys9130Dave Ramsey not Bruce Williams.

[@grega2362]

@@mannys9130 OR, to make it real simple, save your money, and just buy the washing machine. You wont become a millionaire on your cash back. I have a CC that I use for travel or buying from a unknown online. A debit has exactly the same protections, it just takes time to get the money back. Student loans are not good debt. I have 2 out of 3 kids that got out of school and then got to got HOLY FK!! when the interest rates went up. They are both going scorched earth right now to be done with them. Kid #3 hammered the heck out of scholarships. She will be done in about 8 months.

[@robertsmith2956]

@@mannys9130 True. Buy guns with them so biden knows you are thinking about him. Of course it doesn't help the government lies about interest rates on the pay day loans. You pay 20%, it is not thousands of percent interest.

[@DVeck89]

Whenever I heard Dave advertising for timeshare exit team, it was always very clear to me that it was a paid advertisement. I’m sure he was careful to word his endorsements in such a way to avoid any liability and this lawsuit will go nowhere.

[@cathyandresiak]

Too bad some of these youtubers are so quick to have a company sponsor them that are not on the up and up and are predators trying to take advantage of people. I think the money is the most important thing on their mind and not truly investigating the company. Ha not everyone known that time shares are a rip off.

[@maxxcarver5502]

The bad thing for dave ramsey is just the fact that he's being sued will hurt his business, a lot!

[@DVeck89]

@@maxxcarver5502 I’m sure it’s not the first time

[@PremiumFuelOnly]

@@maxxcarver5502 rich people get sued all the time.

[@crisfield4364]

I sat through a time share presentation. I didn't buy in. The guy was pretty pissed at me that he'd wasted all that time. I was the only "guest." But he had to give me my spa day. It was the best. Removed all the stress from sitting through that whole meeting. I don't feel bad at all about scamming him because he's scammed so many.

[@stuflikethis]

It’s not a scam. You both agreed to the terms. The terms were such that you’d do the spa and sit through a presentation. You delivered and so did he

[@michelec4042]

"There's a certain family out in California known for posting on social media...." LOL!

[@heyjude2109]

Which one?

[@robyn0524]

@@heyjude2109 He is taking about the Kardasians

[@nathand.9969]

Some additional notes: My understanding is that Time Share Exit Team (TSET) was getting people out of time shares, but TSET was bankrupted because the time share industry ganged up on TSET because TSET was doing their job and it was hurting the time share industry. Further, I'm pretty sure it was made clear Ramsey had a relationship with TSET.

[@johnc2438]

That's what I understood, too!

[@thomaswhitney8097]

Me too

[@andrewpinkham9904]

I remember hearing Ramsey claim as much too

[@complexdevice]

This is a common narrative from the Ramsey camp to deflect blame and avoid responsibility. Remember people, Dave Ramsey's business model is based on taking advantage of financially illiterate people.

[@kstricl]

Ramsey's shows are recorded. If he disclosed it, all he needs to do is play the portions where he did disclose the relationship.

[@bbrown5887]

I’ve listened to Dave for several years now as well as many other similar type talk radio programs throughout North America. I have not found any of his advice or comments inappropriate. Dave is most likely a target of today’s society that never takes responsibility for their own actions and demise.

[@lamonthamilton667]

Your Absolutely Right!!! IF YOU STAND against This Petty Corrupt Low Life generation of the past 30 years you Will have your hands FULL. These people are BENT So wrong That not agreeing or showing them due cause on any sort they come at Full Blitz mode. These thugs and assorted degenerates Live to FAULT any out of there box. KEEP up the GOOD work DAVE.

[@cwilliams7955]

Ummm…agreed

[@troofinadvertising]

No. It's more likely a legitimate lawsuit that has been ruled on several times and is still active. Dave Ramsey is not a good person lol.

[@cjhoward409]

Bingo !

[@troofinadvertising]

"most likely" bro just google it. Do it on lunch. We don't have to speculate these days.

[@lifestream4191]

The time share industry (huge hotel chains that are in the time share business) flooded the small law firm (time share exit) with lawsuits. Ramsey is going to shine the light on how nasty the time share industry is.

[@p.shermanfortytwowallabyla9488]

This is only showing how trash they are! They never said they were screwed over by Time Share Exit Team or Dave Ramsey in general. If this lawsuit is ONLY about the fact that Dave didn't exactly say he gets paid to promote Time Share Exit Team.. I think it's weak. Go DAVE!!

[@RepublicConstitution]

He's going to either crush the lawsuit or settle out of court.

[@Gruuvin1]

​@@RepublicConstitutionhe shouldn't settle anything.

[@solkanar512]

Uh, no. The time share exit companies just take your money and run.

[@radiusnorth1675]

Another thing someone has told me about timeshares is the ever increasing strata fees. They just keep piling them on!

[@joshwilliams7692]

I'm curious to know how frequently they have to disclose that a company is sponsoring the show. If you listened to the show back then, it was completely obvious that it was a paid promotion. He ran commercials for it and talked on the air about how they had a sponsorship deal, but he probably didn't mention it in every episode he recommended them.

[@YourFunkiness]

I was under the impression it was a paid sponsorship.

[@joshwilliams7692]

@@YourFunkiness I would have a hard time taking anyone seriously if they claim they weren't aware of the sponsorship.

[@hunternotbiden]

Like Tattoos whole industry putting them on and another for taking them off.

[@jceggbert5]

After they sponsored for a while, I remember dave saying they stopped sponsoring because they got overwhelmed with business and couldn't keep up. A couple times thereafter, he sent some specific callers to them, stating they're a former sponsor and asking listeners not to overwhelm them while still advising the caller to call them. Later, dave shared some news that TSET was being buried it lawsuits by time share companies and *just the legal fees* were going to kill them.

[@Nexering]

There are honestly only 2 ways that you could possibly not know that they where a paying sponsor: You would either have to have never actually heard him talk about them, or be a true moron... like mental unfit to take care of your self level dumb. It is obviously just a gross money grab.

[@phillipalder9045]

In Cabo, I went to 5 Timeshare presentations, got a total of 300, x2 18 rounds of golf, and a sunset cruise (all drinks/food inclusive). I bought nothing but got to see some very nice pieces of real estate. Boy did every salesperson get mad as hell. lmao

[@jxecho1192]

I bet a timeshare is behind this lawsuit, they are a bunch of snakes.

[@miketheyunggod2534]

So is everyone on Dave Ramsey.

[@normbograham]

Mom bought into a timeshare, at the old playboy mansion in Pennsylvania. She actually liked it, and liked getting away from her room rental. But, they would rent her one unit, or two. And the second was at a discount. Pennsylvania old playboy mansion was just not that popular, so, she had no problem getting in. So, she would go once or twice a month. However, when she got tired, and wanted to sell it, it was unsellable. I stopped paying the monthly fees when I handled her finances. There was no selling it. They did not fix the pool. There was never a lifeguard. It was like being at the hotel in The Shinning. perhaps two rooms rented in the entire hotel. They rented more time on the golf course.

[@mikem6382]

I have listened to him several times over the years. He always said that they paid him to endorse them. He always said that it would cost you several thousand dollars, but in his research, they had the best results of getting out of timeshares. Not sure how he was hiding anything.

[@sarahann530]

He said they would get people out of contracts and they didn't. You just admitted he is liable

[@mitchhedberg4415]

"his research"

[@mikem6382]

No one can guarantee anything. They did get many people out. He just told them that it was their best chance. I know someone personally that they helped, and there are others in the comments that have stated the same. Lawyers can’t win every case.

[@bdpgarage]

@@sarahann530 the time share big hotels filed tons of lawsuits against the TET and forced them out of business defending the lawsuits. Evidently, the service worked for a lot of people until the lawsuits crashed the company.

[@OopsFailedArt]

This one will be interesting because as long as he disclosed it, unless he can be PROVED to know they were ripping people off, then he is most likely going to be okay here. Do remember, this is also part of a bigger story due to the large banks that bought the time share companies. They publicly threatened to put anyone attacking that mode out of business through legal attacks. This would fit that. Definitely needs some research.

[@christopherbrown4182]

I went to one of those presentations back in the '80's, andf at the opening of the presentation the head guy said, "I know some of you are just here just to endure the presentation and get your prize. . . .So if that's you, just put up your hand and we'll give you your prize and send you on your way so as not to waste both of our times. . . ." So I thought for a few seconds to try to figure out what downside might come with this, then decided to put up my hand and bail out. He gave me a sour look (he had made the offer with a smug look on his face; I think maybe we would be too ashamed to put up our hands). Then I apparently started a stampede, because over the next two minutes, all of the prospects put up their hands. Boy, were they pissed.

[@B.H.56]

Best time share story ever!!

[@gorak9000]

Bet that sleazebag never tried that line again - you were there on the lucky day when he tried something new!

[@douglasrobinson8491]

I'm very glad to see the callout about established titles. It's SUCH a scummy, scam company, and i've seen many otherwise reputable channels severely damage their reputation by taking their sponsorship. I'm so glad you rejected them, it makes me very upset to see good channels promoting them.

[@nozrep]

heck even Mark Rober did an established titles bump

[@axhed]

@@nozrep sir glitter? no way

[@MacGyver2154]

🤣 Dave Sparks from Diesel Brothers finally figured that out.

[@Br3ttM]

I think at least half of the people I watch who do sponsor adds regularly did that one. I always skip past the sponsor segments, and tend to assume they're at least somewhat scammy, and just consider that there's no decent way to make a living on KZbin without over a million subs unless you get a _lot_ of donations or Patreon/similar supporters.

[@famicomnintendo]

@@axhed lol

[@travisyoder1251]

My friend heard about the free cruise. So, he took them up on it. We spent the entire day touring and salespeople bombarding us with offers until they gave up on us and gave us the vouchers. Crazy process. Timeshares are a waste!

[@ronvalley1973]

Hi Steve, btw, love your show, and, I listened to dave on the radio for 20 years, and he got me out of debt, and because of him, I chopped up the credit cards, paid off the farm, all of 18 years ago, and never looked back!

[@spooderdoggy]

Congratulations belated. Dave Ramsey gives good solid Biblical advice on finances though he does, I believe, state his advice upfront is by suggestion only. I wish I had followed up on his advice. I’m still in debt.🤔🇺🇸

[@hxhdfjifzirstc894]

@@spooderdoggy Stop buying crap you don't need, with money you don't have.

[@RustyZipper]

Dave Ramsey ruined my life! I’m living debt free and now dread going to work now that I don’t need their money!

[@ronvalley1973]

@@RustyZipper heh ha ha, right on buddy!!!

[@LyonsArcade]

Dave didn't make money on "time share ads", he made money on ads helping people get OUT of Time Shares. This isn't hard to keep straight.

[@matthewgranahan9759]

It is common sense when a Broadcaster pitches a product they are being paid to do so

[@rbinsurance4654]

I followed Dave Ramsey's advice and managed to get myself out of a hell hole of debt and doing quite well now. I feel people need to blame the idiot in the mirror and not the messenger.

[@mitchhedberg4415]

Sometimes both are idiots

[@snowps1]

Same here

[@firefly9838]

Poor Ramey I'm sure he will never recover

[@lovly2cu725]

THATS THE ONLY TOPIC HE KNOWS ANYTHING ABOUT. HE IS STILL TELLING PEOPLE TO BUY HOUSES IN THIS ECONOMY & SELL ALL GOLD & SILVER.

[@catherinep2034]

Yeah, like the people who sue casinos for allowing them to gamble their mortgage or rent money.

[@alexsteven.m6414]

It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.

[@PremSteve-yg4de]

The financial market is a reliable choice. Diversify your portfolio with I-bonds, stocks (ETFs, REITs, dividend-paying stocks), and bitcoin. Given your budget, I recommend hiring a fiduciary to ensure you receive professional insights for a fee.

[@belobelonce35]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

[@samuelrandy-k8x]

I think this is something I should do, but I've been stalling for a long time now. Mind if I ask you to recommend this particular coach you using their service?

[@belobelonce35]

“Rebecca Nassar Dunne” is who i work with and she is a hot topic even among financial elitist in California. Just browse, you’d find her, thank me later.

[@firefighter-i6q]

Benevolence, this reference seems valid.. Just inputted her full name on my browser and found her site without sweat, 13 years of experience is certainly striking! very much appreciate it

[@Sidicas]

My boss ended up buying a vacation home instead of a timeshare. Apparently something happened while he was away and it got a lot of water damage over several months. It wasn't until the gardener said something about water pouring out from the garage and running down the driveway that he was made aware of it. I think I will just stick to hotel rentals and very short term rental agreements.

[@RustyZipper]

Yes, and you’re not stuck in some crappy time share with never ending fees!

[@jeffreymcfadden9403]

Las Vegas is calling!

[@elvisneedsboats3714]

So he had a home that was vacant for several months at a time and did not hire anyone to periodically check on it? Any realtor, especially in an area that has homes that aren’t occupied full time, will know a reputable person/company to monitor the home. It doesn’t cost much and it sure beats finding burst pipes, vandalism, squatters, etc.

[@katiekane5247]

​@@elvisneedsboats3714 I'm not a boss & certainly don't have a vacation home but know you can't just leave a structure without some oversight. Being cheap ends up costing, big time.

[@hxhdfjifzirstc894]

It must be nice to buy an entire second house, just to take vacations in.

[@johnpatrick1588]

I don't buy things celebrities pitch nor do I go to celebrity restaurants. I learned my lesson.

[@Number4lead]

Tom Brady and Shaq with the crypto currency.😂

[@dogguy8603]

The only celebrity restaurant I would go to is something like Gordon Ramsays restaurants

[@markbajek2541]

To me it seems like Diner's and Dives pay to get on the show, because I've tried some of those places and it ain't "money" it's a waste of money.

[@TechGorilla1987]

My wife and I visited a Whalburger location in Myrtle Beach on NYE 2022. It was an extremely good meal and very reasonably priced. It's the only celebrity restaurant we ever visited.

[@ElizabethDerlin]

I remember as a kid going to a time share presentation. My mom is very much a sweetheart and can’t say no so she got talked into sitting through it. We knew we wouldn’t be getting the timeshare. However when it came time to look under your seat to see if you had a hidden gift card I found it under my seat. My mom and me took it and got Chinese food afterwards lol 😂 best timeshare presentation ever.

[@sonnyhootman9811]

Perhaps a timeshare in China now would be appropriate.

[@robertsmith2956]

@@sonnyhootman9811 Yea, that woohan luxury apartment building is empty for some reason. I bet they still haven't posted no tank signs out front. I'm getting killed with cleanup fees on my Kiev one. Anyone else find it strange when NYC mayor announces illegals in school dorms Yale suddenly has it collapse.

[@williamehlers5158]

I actually remember listening to the episode where Dave Ramsey found out about Timeshare Exit Team. It was from a listener who called in and recommended them and Dave Ramsey put them on hold to get more information about Timeshare Exit Team and shortly after that, I started hearing sponsorships from Dave Ramsey talking about them.

[@johnholmes2808]

Taking financial advice from anyone is a gamble.

[@jasonshults368]

A gamble? It looks to me more like a fraud.

[@eleanoraquitaine2966]

Especially someone who does it in Jesus name. Jesus isn't here right now and he hated the money lenders so, no.

[@Heynmffc]

I solidly believe 35% of the us pop in extremely Gullible and some

[@hxhdfjifzirstc894]

Yes, you have to listen for yourself, and decide whether it makes sense to you.

[@andrewk8636]

Especially someone who pushes the prosperity gospel

[@geneellis1968]

I hope Dave Ramsey comes out of this okay. His advice really helps me when the chips were down. A little correction: Ramsey doesn't advise using credit cards in an emergency. He suggests building an emergency fund ($1000 at first, them more later) and getting rid of credit cards completely (debt cards are ok).

[@jamespulver3890]

I'd advise most people to never use a debit card - ATM card fine, but debit cards are all sorts of risk you don't have with credit cards (mostly due to laws sucking I guess). If someone steals your card and it's a debit card heres what happens: 1) you have 48 hours to figure it out and call and get it locked, or your potentially on the hook - depends on if your bank is feeling nice or not. 2) all that money is gone and you can bounce checks or auto payments and can't get cash out of the ATMs till the investigation is over and refunded, if you're eligible. 3) You can't do a chargeback if a company rips you off. (have to check on your bank rules, and can be as little as 48 hrs). 4) Every hold like at a gas pump locks up that money in your checking account - hope you have hundreds to thousands sitting there just to manage the holds. 5) All that money in the checking account isn't getting a decent interest rate either. 6) No benefits like travel insurance, warranty extension, theft coverage, cashback or points, etc etc. Not saying you *should* have a credit card or not, but if you shop online or use gas pumps, I don't want to risk my money with a debit card.

[@Ziegfried82]

@@jamespulver3890 debit card is terrible overall I agree. Many banks do have features you can utilize though for example the one debit card I have is completely locked for all transactions other than deposits. If you are worried about spending too much on a credit card just get one with an extremely low credit limit like $1000. I do agree with Ramsey to have an emergency fund and ideally it should be able to cover 6 months expenses. I am also big on having gold/silver for emergencies as an investor..5 to 10%. For some reason Ramsey doesn't like gold but loves real estate. IMO real estate is far weaker than mutual funds, stocks, etc. Takes a lot more work and yields far lower percentages overall.

[@NoelleTakestheSky]

Why the fuck are you worried about making sure that the asshole who claimed to vet companies, when went on to promote a scam to viewers he persuaded to trust him, is the one who is okay? Wait until the day you have an emergency, and your $1,000 emergency fund isn’t enough. Would you turn down CareCredit for an abscessed tooth? Dave is was raised rich, and is rich. He can cover emergencies you can’t.

[@chuckytherapper]

@@jamespulver3890 well i certainly wouldnt want to risk someone stealing a credit card and racking up all of the above with interest either

[@chuckytherapper]

@@Ziegfried82 Ramsey's entire retirement is in mutual funds, real esate is just the career path that made him a millionaire. Both times. No one will ever be able to sell me gold or silver, I am however in the market for a house.

[@AllynHin]

I am a regular listener of the Ramsey Show and the various Ramsey personalities. I've heard Dave recommend the timeshare exit group to folks that call in looking for a way to get out of their timeshare contract. I've heard him say he had an affiliation with them, and I've heard him say there's no guarantee that they'll be able to get you out of your timeshare contract, but you'll probably never get out of the contract by yourself. It sounds like a lot of folks are butthurt that they couldn't get out of their timeshare contract and are looking for some deep pockets to make them feel better.

[@user-es6ip5bb6m]

That and the timeshare companies were going after the individuals and the company Timeshare Exit Team launching counter suits that they couldn't afford to contest. So instead of doing the work for their clients they were bogged down trying to litigate with the Time Share Company lawyers.

[@killz0ne215]

Honestly, how people don't understand that pretty much any sort of endorsement mentioned on air is almost always paid! And dealing with timeshares it's always a gamble as they are such evil devious organizations. And why the hell congress hasn't made that sort of practice ILLEGAL!!

[@Longjohnsilver58]

A class action lawsuit does NOTHING for the actual plaintiffs. They solely exist to enrich the lawyers.

[@amireallythatgrumpy6508]

The actual plaintiffs had already lost their money so should get nothing. The only issue was whether they were scammed by Timeshare Exit Team or scammed by another company. Their money was already gone.

[@MechE11B]

Yep, just read about a 3m combat earplugs lawsuit for veterans. 50% of the 6 billion dollar settlement is going to the lawyers. Granted it's been fought in court for about 5 years now. But surely they didn't amass 3 billion dollars worth of litigation hours. Meanwhile the vets are getting anywhere from 3-20k each for life long injuries. What a clown show. These types of cases make sure that you know that even if you hate lawyers... You don't hate them enough.

[@richardw3470]

I got a check for almost $300 for a class action thing I knew about but didn't remember signing up for. I paid nothing, just cashed the check.

[@mwduck]

The named plaintiff usually gets something more than a coupon'

[@joshmonus]

Dave Ramsey actually says to not use credit even for emergencies. One of his very first steps is to establish an emergency fund so you don't need to.

[@hxhdfjifzirstc894]

Yep, save up $1,000 and set it aside, because it will cover most 'emergencies'. Eventually save up 3-6 months worth of expenses, for larger emergencies. People need to stop buying crap they don't need, with money they don't have.

[@troyb6128]

Yea because no one needs to have good credit.

[@RAMBLINMAN103]

Yes work 3 jobs and eat rice and beans because that’s what Dave Ramsay does

[@NNickGarcia]

@@hxhdfjifzirstc894 1000$ isnt enough for emergencies. if an act of god happens i have to use both car and mortgage insurance, youre talking 1500$ minimum.

[@NNickGarcia]

@@RAMBLINMAN103 and dont buy a house unless you have cash for it. just keep paying off someone elses mortgage and watching the house you rent appreciate 30% in 3 years. while your rent goes up 20% in the same time frame.

[@rkj4107]

I vividly remember a segment on his show where he started that TSET was being sued out of existence. I have no dogs in the fight but this lawsuit seems very frivolous.

[@TheChitowngirl23]

I remember that show as well.

[@hxhdfjifzirstc894]

Yes, if this lawsuit was legitimate, they'd be suing Timeshare Exit Team. Obviously. But it's not, so they're suing Dave Ramsey.

[@sarahann530]

​@@hxhdfjifzirstc894 TSET no longer exists , pay attention

[@OopsFailedArt]

@@sarahann530 no need to be rude, you clearly missed what they’re talking about my friend. Your comment makes no sense in the full context of both shows….

[@sarahann530]

@OopsFailedArt Not rude ,I am answering the question .. Not my problem if you don't like the truth .

[@viragovtwin]

For the most part, I have quit using credit cards. I do use a debit card. Rarely do I buy anything if I can not immediately pay for it. Meanwhile, as Dave recommends, once you start putting away 10%, you get used to it, and before you know it, you have a chunk of change in the bank that can cushion unexpected expenses.

[@mungtor]

The savings part is very good and recommended, but the debit usage isn't my favorite way of doing it. The problem with a fraudulent debit charge is that your money is gone and you have to fight to get it back. With a credit card, you dispute the charge and don't have to pay it. Generally speaking, you don't get any points or anything on debit cards either. I use one credit card for pretty much everything (gas, groceries, etc) and then pay it in full at the end of the month. Since I'm not carrying a balance, there is no interest charge - and I still get a couple hundred dollars in cash-back every year.

[@papasquat355]

Not a debit card fan except for ATM's. Too easily used for fraud and too few protections if it happens. I use rewards cards and make several hundreds of $/year for paying for things I would pay for anyway, and they have fraud protections.

[@johnp139]

Then you are throwing away money!!!

[@wisenber]

@@mungtor "The problem with a fraudulent debit charge is that your money is gone and you have to fight to get it back." You have the same coverage as a credit card. You can dispute a charge and have the funds back within 3 days.

[@wisenber]

@@papasquat355 "Too easily used for fraud and too few protections if it happens." You have the same legal protections as any other Visa or Mastercard.

[@robertpayne6781]

15+ years ago I listened as a woman seeking retirement advice Called Dave regarding her husband considering taking an early retirement for his job as postal warehouse manager. This was due to stress and the effects it was having on his mental and physical health. Dave took the stance of "how stressed could he be if he is only a manager at the post office!?!", then proceeded to berate this man and his wife for supprting him. As if you aren't capable of experiencing real stress of you aren't a high level exec managing millions of dollars. He has always been a jerk.

[@ThatOpalGuy]

Sounds like a religious conservative, to me.

[@carmenross1077]

Ramsey in my following him for years never sounded like a jerk excuse me

[@Galworld761]

@@carmenross1077no one person is perfect. No savior exists on earth. He has some GREAT advice and some out of touch advice from 1984. And while normally, pretty funny - he can be a REAL jerk sometimes. And unempathetic.

[@YeshuaKingMessiah]

@@Galworld761what advice is out of touch I am always looking for up to date thanks

[@YeshuaKingMessiah]

Postal service is EXTREMELY stressful U don’t want to be that warehouse head, trust me

[@byuflash2]

For those who don’t know, Timeshare Exit Team was a fabulous company that did help thousands of people get out their timeshares. The reason they went out of business is the timeshare industry, Diamond Resorts along with a complicit AG in Washington State in particular, had sued them into oblivion. They were not able to spend the time needed and finance fighting the lawsuits and continue to do business at the same time. This effectively gave the courtroom victory to the multi-billion dollar companies by default.

[@chuckytherapper]

wow. what a shame.

[@sllyjac1787]

Thanks for the info

[@mbyrd6713]

That’s what I remember. DR did say that the Timeshare Exit Team was doing great work but had to use quit because of the Timeshare company. But if he was being paid, that seems like something he should’ve disclosed.

[@larrybarbee4916]

But the articles allege they were using deceptive practices.

[@a5dollars]

@@mbyrd6713 he did like many times

[@duradim1]

Ramsey would do commercials on his show for the company that got you out of the time share. It was pretty evident he got paid.

[@gregfielder4763]

I always assume that anyone who promotes a product or service on a public platform is being paid for it.

[@eschiedler]

Yes, he's a very scummy guy. Typicial grifter.

[@marcisaacs9407]

Precisely what evidence did you find. It would be great to know.

[@Rocket9944]

Exactly , I would automatically think that Ramsey's getting paid.

[@adrianmizen5070]

@@Rocket9944 because you're a savvy person who thinks critically. the FTC regs are there to protect the most gullible among us from being taken in by scumbag hucksters.

[@phillaroe6107]

I liked your example of the square inch of land scam. Many years ado (at least 65!) I owned a square inch of the gold country in the Yukon” But as I remember it only “cost” a few box tops from the cereal I was eating. They even sent me a “deed” to my square inch! Even at age 10 or 12 I knew I didn’t really “own” anything bot it was a neat promotion. The deed even gave the legal description of the location. MANY decades later I came across that certificate an got on line to look into it and discovered that land was actually purchased for the promotion but went into receivership a few years later for failure to pay taxes. So my dreams of gold riches were dashed.

[@hxhdfjifzirstc894]

You should sue the shit out of them, for $0.53.

[@bobjoatmon1993]

No one owns land in any country anymore, since your just leasing it as long as you pay your taxes. Stop paying and they take it back

[@markbajek2541]

Probably claim jumped with out you knowing any way . "Wow this nugget is the size of a reindeer sausage!" "Imagine that, dug a hole straight down about 1 inch by 1 inch for about a foot, this thing must weight a Kilogram maybe more!"

[@thebiggestpanda1]

Honestly, it’s pretty cool that they actually bought the land. That’s way more commitment to something that’s just supposed to be fun for kids than I would expect.

[@montymatthew1784]

I worked for Wyndham Resorts for Two Weeks.....the sheer level of scumbaggery is insane. Their top sellers would take every dime they get from an old widow with 2 years to live if they could.

[@mikeferryall1424]

My wife and I have sat through many time share presentations, mostly to have a couple of cheap nights while in Vegas. It's easy to say 'No' when you have no hope of affording the buy-in or annual maintenance fee. We also found out that most of the time shares we visited were available to non-owners to book like a normal hotel. The prices to book like a hotel were very close to the annual fees. The only downside was the time share owners got perks the non-owners didn't get. We have since stayed at a couple of time share locations without being an owner.

[@robertsmith2956]

If your going to drop $80K trying to get out of it. Why not buy out all the others so you own the entire thing, then just sell the property you own.

[@notpoliticallycorrect4774]

@@robertsmith2956 50 weeks per unit x however many units. Would be a lot of shares to buy out.

[@robertsmith2956]

@@notpoliticallycorrect4774 Timeshares are just HOA's on steroids.

[@I_SuperHiro_I]

@@notpoliticallycorrect4774 is that how it works? Holy crap those places must make an obscene amount of money.

[@neilopfer5687]

Wonder why the State of Washington is suing Ramsey but they allow timeshare sales?? Glad I never bought a timeshare because I've heard too many horror stories over the years. Great point at 11:30/20:07 that perhaps you should have never gotten into these timeshares in the first place. Another point is that 50% of the timeshares' cost is marketing/sales costs/sales commissions. Also, congratulations SL on 400K subscribers!! Well deserved!!

[@softballm1991]

I went to a time share meeting, the guy who was my guy and sales person was wearing a sports coat with damaged and missing buttons on the sleeves. If time shares are such a great investment why are you dressed like a poor man?

[@HariSeldon913]

There's lot of horror stories, but there's also lots of owners who actually like them. The thing is the people who like them aren't anywhere near as vocal as the people who don't. I've had one for a while and I've definitely had a few bad experiences, but I've also stayed in some really nice places that I never would have booked if I had to pay what they cost per night. Bottom line, they definitely aren't for everyone, but they actually are good for some. I'm somewhere in the middle.

[@LainK1978]

The state of Washington is not suing anyone.

[@xenn4985]

@@HariSeldon913 there are also a lot of people who really like cocaine. You do realize thats not a good argument, right?

[@jamespulver3890]

​@@xenn4985 For a legal way to spend money on a luxury, "a lot of people like it" seems perfectly reasonable as an argument? Buying NFL Ticket - a lot of people like it. Doing about any hobby - a lot of people like it. It's worth pointing out that there is a reasonably well supported negative bias for things people bring up in complaint forums, or whatever. It's usually hard to find people talking about things they like unprompted because, you know, they're not actually thinking about it.

[@ivechang6720]

For those who aren't aware one of the hidden financial hooks in timeshares are the upkeep & association fees. When first presented these are often at time-sensitive/artificial discounts. Arranged or negotiated to be at a low price point while selling the majority of the "shares." (Basically like a reduction on rent per month for your first year lease.) Then those fees take a major hike. Add in the usually high annual storefront price hikes and a ten year timeshare cost isn't anywhere near as affordable as it looked going in. Next after a few years painting, roofing, sewer line, boiler, etc. maintenance projects come along. These are not part of the straight fees but part of upkeep and thus increase those costs. Just like your lakeside cabin except you personally have no input on negotiating the work done or their costs. Meanwhile all cost increases have been affecting more meaningful things in your life like orthodontia for your children, their college funds, or even care for your aging beloved pooch. All things we think we have accounted for in our budgeting but still pinch at pay out time. Hope this helps someone out there.

[@boomer1964]

In the early 1980's I used to follow all of the NO MONEY DOWN real estate guru's, One of the guru's used to sell small pieces of land in Hawaii and told people now you can write off your vacations to Hawaii because you own a piece of land there. If I remember right, it was Dave Del Dotto that promoted that scheme. I went to a timeshare sales pitch in Cabo San Lucas the place was beautiful and pricey. I just wanted the two bottles of Jose Cuervo for listening, but I remember it was a really high-pressure sales pitch.

[@AlanTheBeast100]

Never put on a card what you can't pay off at the end of the month when the bill comes due. If you can't heed that, then just use cash or a debit card.

[@therealtimc08]

The credit card companies know that most people tend to impulse purchase when they have the card in their hand. people sign up just for the rewards points or whatever, but end up carrying a balance. If they don’t carry a balance often times they’ve spent more than they would have otherwise, so the credit card company still makes money. That’s what they bank on. Just use a debit card.

[@TheLegendaryHacker]

@@therealtimc08 Nah, use a credit card to build up your credit so you don't waste thousands in unnecessary interest whenever you get a mortgage for a house. Or a car.

[@johnp139]

@@therealtimc08 I profit from the credit card rewards that are there because people are dumb. I earn THOUSANDS of dollars cash back for buying things that I need and use. Thank you dumb-dumbs.

[@joechang8696]

@@TheLegendaryHacker even better, spend so much on the credit card that you never qualify for a mortgage. unfortunately, this may not prevent you from getting a car loan

[@jeromethiel4323]

Yep. If you can pay off the card, it's not really credit. In fact, i pre-load my cards, so that the money is there BEFORE i charge things to it. So never any late fees. And no interest. Now, not everyone can do this, but you should not be buying things you cannot pay for out of pocket. A car or a house is the only exception to me, and even a car can be saved for if you try.

[@mrg7407]

I went to a Time Share Presentation in early 1990s in Cave Creek AZ North of Scottsdale. I remember how when we said NO the price kept going down. So if you are going to sell me something for 30K and then you give me a 5K discount then another 5K and Another 5K I was like WTF?? I told my wife to go to the bathroom but REALLY make a Dash to the parking lot. I met her at the parking lot. We drove South on Scottsdale Road and The closer we got to Scottsdale the happier we were. When we Arrived at Fashion Square Mall I felt like I Escaped Cuba. Every time I drive on that road I ALWAYS Remember that morning

[@thomaslong8448]

Escape Cuba? More like escaping u.s.😂

[@livingthejourney8833]

@@thomaslong8448 It's obvious you don't know anything about Cuba. What he is saying is that leaving that timeshare meeting was akin to leaving that communist hellhole, and that is saying a lot.

[@warriormanmaxx8991]

@@thomaslong8448- any other silly anti-American comments Tommy?!?

[@arlettedumais5776]

That's hysterical, thanks for the laugh!🤣 😂🤣

[@danpitzer765]

I've heard about timeshare exit companies before, and everything I've heard is that no, they can't get you out of your contract, and are just scammers.

[@melissasmess2773]

That makes more sense. I think the timeshare company would have to violate the contract in order for someone to break it, only way out of K

[@canchadhandlethat872]

Time share exit team was hurting the time share business so bad they were dragged into a tornado of frivolous lawsuits to take them out and its worked obviously

[@kameronkiggins5126]

this is a shakedown attempt, there's no way Ramsey is responsible for $150 million in damages for advertising a timeshare exit company.

[@nancydowns3045]

Totally agree. They are just going for the deep pocket.

[@wholeNwon]

But will a judge allow it to go to trial?

[@jeffharalson320]

The biggest problem with time shares are the service fees. They are akin to “Home Owner Association Fees” and it’s supposed to be under the control of the owners but the developer ends up being in control until they sell out all the units. Conveniently, for them, they never seem to be able to “sell out” and remain in control of the fees forever. Then they continually vote to increase the fees, locking you into exorbitant fees , even after you have paid off the principle. I determined this very early after I made the mistake of buying one. I just quit paying anything, after several years of harassing letters and increasing bills, they foreclosed. None of it was ever showed on my credit report. I don’t recommend this tactic as it may be that not all timeshare companies neglect to report to credit agencies. Mine didn’t, and I consider myself lucky. And by the way, I never, ever used the stupid thing. I learned my lesson, DON’T BUY A TIMESHARE.

[@spankynater4242]

That’s what I’d do, default. And I’ve seen your name elsewhere, do you spend time on Howard stern channels?

[@chrisdownum4374]

Ditto to all of that!

[@pennydickinson3258]

I had Diamond resorts and could never book because the timeshare in Maui was never available - I just stopped paying and barely got anything from Diamond resorts but it did show up on my credit for a couple years. Best thing I did!!

[@mbyrd6713]

The class action lawsuit should be against the actual time share companies. From what I could tell, DR didn’t say that the Timeshare Exit Team could guarantee success but for the most part, they were a person’s only hope. I pray that this lawsuit exposes the horrors of timeshares and people understand what’s really going on. I don’t know if he ever disclosed being endorsed by them, so it will be interesting to see how this ends. Thanks for the posting.

[@bobzelley5100]

The people that feel ripped off don't own the deed free and clear . Akin to selling a home a with back taxes.

[@mbyrd6713]

@@bobzelley5100 I might need to update my post. I saw another video that gave more info about DR and the Timeshare Exit Team’s business practices. The more I learn, the more it looks like the people were right for suing. Either way, I hope everything works out the way it needs to.

[@DRventura333]

timeshare people probably have the big bucks lawyers and have their company locked down so no one can sue them

[@happyeggroll5267]

I want to go to a timeshare meeting with a shirt that says, "I'm just here for the $280 and snacks."