Assignment Instructions:
Identify and analyze your debts. What assets secure your debts? What assets do your debts finance (Mortgage)? What is the cost of your debts (Mortgage 185000 and loans 15000 and credit cards 12000)? What determined those costs? What risks do you undertake by being in debt? How can being in debt help you build wealth?
Are you considered a default risk? How would a lender evaluate you based on "the five C's" of character, capacity, capital, collateral, and conditions? How could you plan to make yourself more attractive to a lender in the future?
Discuss the Tim Clue video on debt. What makes this comedy spot funny? What makes it not funny? What does it highlight about the appropriate uses of debt?
Write a 1-2 page paper. Use the template provided. Follow APA format, including a title page, introduction, conclusion, citations, and two scholarly references (not Wikipedia or Investopedia).
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Attachment:- Analyzing Debt.rar