This is as bad as it gets

[J.R.]

Yes and you'd be surprised some people on paper are in BIG debt. I met a guy who owned a Hummer with a 500dollar a month payment and house worth over 250k. Well, it turns out he has high debt, low collateral on house, and bad credit.

But I bet he's popular with the rest of the Jones's.........

 

[Frank Stastny]

Yes and you'd be surprised some people on paper are in BIG debt. I met a guy who owned a Hummer with a 500dollar a month payment and house worth over 250k. Well, it turns out he has high debt, low collateral on house, and bad credit.

I'm sure there are a lot more of them out there than we realize.

I had a woman call me to cancel her and her husbands Med Supp policy a couple of months ago. When I asked why, she told me that they were buying a new Lincoln and needed the money for the monthly payments.

Can you imagine cancelling your health insurance to buy a car made by Ford? If it was a GM product I could almost understand.