Americans Are Dying with an Average of $62K of Debt
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Americans Are Dying with an Average of $62K of Debt
1–10 of 16 posts
Re: Americans Are Dying with an Average of $62K of Debt
#2This is a very deceptive headline. The most common kind of debt is mortgage debt, which is by definition secured. At any moment I have lots of bills I am supposed to pay and lots of assets or incomes to pay them with. Debts I owe that are secured or I have resources to cover are not a problem for anyone.
Re: Americans Are Dying with an Average of $62K of Debt
#3This is a very deceptive headline. The most common kind of debt is mortgage debt, which is by definition secured. At any moment I have lots of bills I am supposed to pay and lots of assets or incomes to pay them with. Debts I owe that are secured or I have resources to cover are not a problem for anyone.
And with secured you mean, they gonna take away your home if you can't pay?
Re: Americans Are Dying with an Average of $62K of Debt
#4Sounds good to me.
Better than dying with 60k in an account that you could have spent on having a better life.
Re: Americans Are Dying with an Average of $62K of Debt
#5This is a very deceptive headline. The most common kind of debt is mortgage debt, which is by definition secured. At any moment I have lots of bills I am supposed to pay and lots of assets or incomes to pay them with. Debts I owe that are secured or I have resources to cover are not a problem for anyone.
And with secured you mean, they gonna take away your home if you can't pay?
Eventually, yes. That's what secured means.
Re: Americans Are Dying with an Average of $62K of Debt
#6This is a very deceptive headline. The most common kind of debt is mortgage debt, which is by definition secured. At any moment I have lots of bills I am supposed to pay and lots of assets or incomes to pay them with. Debts I owe that are secured or I have resources to cover are not a problem for anyone.
And with secured you mean, they gonna take away your home if you can't pay?
Considering the fact that you have died, that's a nonissue.
If you want to leave something for your offspring, make it a priority to pay your house off first.
Re: Americans Are Dying with an Average of $62K of Debt
#7Earlier quoted context omitted.
And with secured you mean, they gonna take away your home if you can't pay?
Considering the fact that you have died, that's a nonissue. If you want to leave something for your offspring, make it a priority to pay your house off first.
Your offspring still would get any equity left after paying the remainder of the note.
It's not like they confiscate the whole house because you still owe $100,000 on a $250,000 home. But the survivors do have to keep the home out of foreclosure (as in, keeping the payments current)
Re: Americans Are Dying with an Average of $62K of Debt
#8Earlier quoted context omitted.
And with secured you mean, they gonna take away your home if you can't pay?
Considering the fact that you have died, that's a nonissue. If you want to leave something for your offspring, make it a priority to pay your house off first.
Fair enough, in that case it makes sense.
But doesn't non-secured dept result in the same thing?
I mean if I can't pay off the credit for a degree or car or boat, won't they come for my house too?
Re: Americans Are Dying with an Average of $62K of Debt
#9Earlier quoted context omitted.
Considering the fact that you have died, that's a nonissue. If you want to leave something for your offspring, make it a priority to pay your house off first.
Fair enough, in that case it makes sense. But doesn't non-secured dept result in the same thing? I mean if I can't pay off the credit for a degree or car or boat, won't they come for my house too?
They could. Generally when you die it's (your assets) - (your debts)
Re: Americans Are Dying with an Average of $62K of Debt
#10Sounds good to me. Better than dying with 60k in an account that you could have spent on having a better life.
If I have a happy fulfilled life and die with unspent money left to others I care about, that sounds great to me.