Quote:
Originally Posted by Tinordi
Laugh.
Asset backed debt means nothing if that asset isn't earning income for you.
So you think that taking a loan out to buy a car is a good idea? That's asset backed debt.
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Well if you can handle the payments on the car that's fine. I don't but whatever. What I mean is that CC debt is different than a mortgage. That's all the realtor was saying earlier and everyone jumped on him.