The Ramsey Show Highlights I Took Out A Payday Loan And Now I’m Trapped
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Jan 24, 2026 Alicia, a waitress and student navigating bipolar II and medical struggles, shares how payday loans ballooned into overwhelming debt. She discusses manic spending, getting on the right medication, and practical steps to stop the bleeding. The conversation covers building a starter emergency fund, prioritizing income, and using a focused debt-payoff plan.
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Manic Episode Led To Rapidly Growing Debt
- Alicia shared that a severe manic episode and health crises led her to take payday loans.
- Her original debt was ~$2,300 and has grown to about $5,800 with interest.
Create Barriers Against Impulse Spending
- Do create practical hurdles to block impulse spending, like giving your debit card to a trusted friend.
- Turn off internet access temporarily or set other barriers when you sense a manic episode starting.
Commit To Mental-Health Treatment
- Do stay on prescribed medication and therapy and commit to treatment to prevent repeat financial harm.
- Rely on a support team and promise to remain on the plan during recovery seasons.