credit counseling service debt consolidation
Our Services     FAQs     Online Education     About Us     Testimonials     Contact Us     Home Client Log In  

Budgeting and Saving

Consumer Help and Tips

Credit Report and Credit Score

Dealing with Debt

Family and Money

Managing credit card debt

Smart Shopping Tips

Credit Counseling and Debt Counseling

Housing Counseling

Other Articles

Helpful Links


Unsecured -VS- Secured Debt

Unsecured debt is debt that is not guaranteed by the pledge of any collateral.  For example, most credit cards are unsecured debt. A credit card company cannot seize any of your possessions if you do not pay off the balance.  The credit card company typically turns the matter over to a collection agency.
 
Secured debt is debt that is backed by specific assets or revenues of the borrower.  A common example of secured debt is a mortgage loan.  If the borrower fails to pay the mortgage, the mortgage lender can seize the home. 



Online Credit Counseling
For confidential credit counseling, get started
with our free no-obligation online intake form.

Click to Get Started>>

Debt Counseling
Get Free Immediate
Debt Counseling!

· Avoid Bankruptcy
· Reduce High
  Interest Rates
· Stop Harassing
  Creditor Calls

Call 866-699-2227 >>