11-23-2008, 01:49 AM
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#11
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Avalon Senior Member
Join Date: Oct 2008
Location: On this Rock
Posts: 1,390
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Re: What is your level of debt
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Originally Posted by KassandraLoves
I could pay off one of my vehicles (15k) if i wanted, but the hubbs and I wanna keep the money for now, just in case...I owe about 410,000 on my house (YIKES!!)...But no credit card debt, thank god!
I have a lot of assets, though, and assets are the key in the banks mind really. If it comes down to it, youd have to be able liquidate your "assets" in order to pay for your debts without using money. We own 4 motorcycles and 2 paid off cars. So those assets would help me if I needed them.
Im not doing too bad, but my paychecks are so awful right now I have to get a second job. Working in the "finance" industry isnt too lucrative right now....ack!
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they will relocate everyone to an all expense resort stay at the nearest club fema
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