I am filling out paperwork to see if i qualify for charity care...and they ask if i have any personal assets? This may sound like a dumb question, but what are personal assets? I am currently financing a car through a bank, is that considered a asset? Also, what are family assets? I live with my parents, but i don't own anything of value except maybe my car, but since i'm financing its not technically a asset right? Thanks for the help!
2007-09-21 13:40:48 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Yes, your car is an asset even though you still owe money on it. They will determine the value by discounting how much you owe. Family assets are what you family owns. If your parents own their home, that is a family asset.
2007-09-21 14:08:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Assets are what you own .
Personal might be stocks , bonds , jewelry , property .
Family , would be the same items but in the family's name and not just your own .
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2007-09-21 14:05:54 · answer #2 · answered by kate 7 · 0⤊ 0⤋
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2016-05-20 05:50:52 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The car is a liability until the car is paid in full.
It seems you are broke.
2007-09-22 09:19:24 · answer #4 · answered by Anonymous · 1⤊ 1⤋