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Secured vs Unsecured Debt: Everything You Need to Know

Sawin & Shea

And possibly the most common question people ask is credit card debt is secured or unsecured. Secured vs Unsecured Debt: What’s the Difference? In broad terms, if a debt is secured, it means it is backed up by collateral property. Unsecured Debt What is unsecured debt?

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What Happens to My Personal Loan After Bankruptcy?

Sawin & Shea

In order to plan out your financial future, you need to understand the difference between secured and unsecured loans. Unsecured loans are loans that don’t have collateral. Common unsecured loans include: Bank loans with no collateral. The most common types of secured personal loans are vehicle loans and home mortgages.

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How Aggressive Collections Attorneys Can Aid in Massachusetts Debt Recovery

Collections Law

Cohen LLC will work relentlessly to make sure you recover your bad debt. Collection agencies are passive organizations that make the same effort you were making before you brought them on board. Unlike Others, We Aggressively Seek Pre-Judgment Attachments to Secure Debt Recovery. A mechanic’s lien is collateral.