Assets normally have a debit (positive) balance. For instance, your checking account usually has a balance above zero. This positive balance is presented as a debit balance on the books. Asset accounts are increased by debits and (which is not a secure loan) since I lost my former job and my new job pays a lot less. I send this unsecured loan creditor 30/mth which is all I can afford and they are still harrassing me. Could they levy my checking account Checking Accaunt bankbank.com Accaunting Basics: What arr assets? Home