Question: Please do it for me. It should not be real just make up 1. Identify one debt you owe that is unsecured. For example, most

Please do it for me. It should not be real just make up

1. Identify one debt you owe that is unsecured. For example, most credit card debt is unsecured. If it is credit card debt, state what care (i.e. Penney's or Visa) and what the rate of interest is that the company charges for the unpaid balance. State this, even if you do not have an unpaid balance. If you don't want to share personal information, then make up an unsecured debt.

2. Identify a debt that you have which is secured and explain what that debt is for and what it is secured by (i.e. our house is secured by a mortgage with Bank of America). Again, if you don't want to share personal information, then make up a secured debt.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!