GOP challenger Torrey Westrom has hefty credit card, student loan debt
- Blog Post by: Allison Sherry
- August 10, 2014 - 7:38 AM
WASHINGTON -- Torrey Westrom, the Republican challenger to 12-term Democratic Rep. Collin Peterson in the Seventh Congressional District, carries tens of thousands of dollars in personal debt for both credit cards and student loans.
Westrom, an attorney and former state senator, owes between $15,001 and $50,000 to U.S. Bank in credit card loans. In addition, he owes between $50,001 and $100,000 to a student loan servicing company, according to personal financial disclosures filed earlier this year.
Westrom's campaign spokeswoman Caitlin Carroll said in a statement: "As small business owners, Torrey and his wife have a credit card for business-related expenses."
The Westroms own a real estate rental property business.
He also carries two mortgage debts, one between $15,001 and $50,000 and another between $100,001 and $250,000.
Personal financial disclosures are required annually of all members of Congress and anyone running for federal office.They must disclose assets and salary in huge ranges, like between $15,001 and $50,000 or $50,000 and $100,000.
Westrom's annual salary as a state senator is $31,140. He also noted on his disclosures that he earned $23,000 at Midwest Injury Law, LLC.
Rep. Peterson's disclosures show he has no credit card debt, but carries three mortgages: one between $100,000 and $250,000 on a residence in Washington, D.C., one between $250,002 and $500,000 on a property in Detroit Lakes and $100,001 to $250,000 on a mortgage owed on Peterson Farms. As a member of Congress, Peterson earns $174,000 annually as a member of Congress.
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