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Should You Borrow Money in 2026?
Why is right now possibly the worst time in decades to borrow money? Also, what can you do instead of borrowing money?
This episode explores why borrowing money in the current climate may be one of the most expensive financial decisions you make. High interest rates, risky loan structures, and aggressive lender tactics combine to trap borrowers into long-term stress and difficult repayments. Instead of borrowing, could you pause, protect your cash flow, and position yourself for better opportunities in the future?
Topics Ben Matthews explores in this episode:
(00:29) Why current interest rates make borrowing more expensive than in recent years.
(01:53) How variable, adjustable, balloon loans, and promotional credit cards quietly shift risk onto borrowers.
(04:05) Why lenders aggressively push easy approvals when people are financially stressed.
(05:27) How borrowing today directly limits future freedom and cash flow.
(06:41) When debt can be used responsibly.
(08:03) How a borrower’s mindset can become a reflex that keeps you financially stuck.
(09:22) A practical plan for freezing new debt and regaining control over your finances.
(11:00) When bankruptcy and a financial reset may be a smarter option than struggling alone.
Previous episodes mentioned in this episode:
The Money Mind Reset: https://www.youtube.com/watch?v=uH7yJyak8No
Silent But Wealthy: https://www.youtube.com/watch?v=hjiqehJ5J7c
Learn more: https://debtsucks.info
Talk with Ben Matthews: 803-799-1700
Subscribe to the Debt Sucks Podcast!
Apple: https://apple.co/3Fz2vXE
Spotify: https://open.spotify.com/show/5vTVtMFd6BlbeA5gqTQW9i
YouTube: https://www.youtube.com/@DebtSucksPod?sub_confirmation=1
Facebook: https://facebook.com/debtsuxspod
Instagram: https://instagram.com/debtsuckspod
TikTok: https://tiktok.com/@debtsuckspod
X: https://x.com/debtsuckspod
The Debt Sucks Podcast is your fun, no-BS approach to debt relief. Say goodbye to stress, shame, and debt. Hosted by consumer bankruptcy attorney Ben Matthews, this is your weekly dose of real, relatable advice on crushing debt. If you’re dealing with mounting bills or sick of living paycheck to paycheck, we’re here to help you take control of your finances and find your way out.
This episode was produced by Story On Media: https://www.storyon.co/
View all episodes
By Ben MatthewsWhy is right now possibly the worst time in decades to borrow money? Also, what can you do instead of borrowing money?
This episode explores why borrowing money in the current climate may be one of the most expensive financial decisions you make. High interest rates, risky loan structures, and aggressive lender tactics combine to trap borrowers into long-term stress and difficult repayments. Instead of borrowing, could you pause, protect your cash flow, and position yourself for better opportunities in the future?
Topics Ben Matthews explores in this episode:
(00:29) Why current interest rates make borrowing more expensive than in recent years.
(01:53) How variable, adjustable, balloon loans, and promotional credit cards quietly shift risk onto borrowers.
(04:05) Why lenders aggressively push easy approvals when people are financially stressed.
(05:27) How borrowing today directly limits future freedom and cash flow.
(06:41) When debt can be used responsibly.
(08:03) How a borrower’s mindset can become a reflex that keeps you financially stuck.
(09:22) A practical plan for freezing new debt and regaining control over your finances.
(11:00) When bankruptcy and a financial reset may be a smarter option than struggling alone.
Previous episodes mentioned in this episode:
The Money Mind Reset: https://www.youtube.com/watch?v=uH7yJyak8No
Silent But Wealthy: https://www.youtube.com/watch?v=hjiqehJ5J7c
Learn more: https://debtsucks.info
Talk with Ben Matthews: 803-799-1700
Subscribe to the Debt Sucks Podcast!
Apple: https://apple.co/3Fz2vXE
Spotify: https://open.spotify.com/show/5vTVtMFd6BlbeA5gqTQW9i
YouTube: https://www.youtube.com/@DebtSucksPod?sub_confirmation=1
Facebook: https://facebook.com/debtsuxspod
Instagram: https://instagram.com/debtsuckspod
TikTok: https://tiktok.com/@debtsuckspod
X: https://x.com/debtsuckspod
The Debt Sucks Podcast is your fun, no-BS approach to debt relief. Say goodbye to stress, shame, and debt. Hosted by consumer bankruptcy attorney Ben Matthews, this is your weekly dose of real, relatable advice on crushing debt. If you’re dealing with mounting bills or sick of living paycheck to paycheck, we’re here to help you take control of your finances and find your way out.
This episode was produced by Story On Media: https://www.storyon.co/