Get out your hankies
Careers vanish after subprime 'free fall'
Kent and Mysti Cope were well-paid executives at subprime lenders who never thought the industry could disappear overnight. Now they're just trying to get by.
... The two didn't say exactly how much money they made at their last jobs but Kent admitted they each had six-figure incomes.
Today, they're trying to get by on his unemployment benefits of about $450 a week, which covers only about an eighth of the basic payments they owe every month.
... Their home equity line, mortgage, health and life insurance premiums alone cost about $10,000 a month.
... Despite their financial problems, the Copes have worked hard to protect their credit rating, staying current on bills. And they've made cutbacks: trading in Kent's Corvette for a Suburban and getting rid of the gardener, for example.
You have to go to the article and see the photo. He's 59, she's 37 and BRING ON THE "CLERKS" JOKES. Plus OH NOES they had to get rid of the GARDENER and trade in their used $50K car on a new $40K car!
Kent and Mysti Cope were well-paid executives at subprime lenders who never thought the industry could disappear overnight. Now they're just trying to get by.
... The two didn't say exactly how much money they made at their last jobs but Kent admitted they each had six-figure incomes.
Today, they're trying to get by on his unemployment benefits of about $450 a week, which covers only about an eighth of the basic payments they owe every month.
... Their home equity line, mortgage, health and life insurance premiums alone cost about $10,000 a month.
... Despite their financial problems, the Copes have worked hard to protect their credit rating, staying current on bills. And they've made cutbacks: trading in Kent's Corvette for a Suburban and getting rid of the gardener, for example.
You have to go to the article and see the photo. He's 59, she's 37 and BRING ON THE "CLERKS" JOKES. Plus OH NOES they had to get rid of the GARDENER and trade in their used $50K car on a new $40K car!