Remove Collateral Remove Financial Institution Remove Repossession Remove Unsecured Debt
article thumbnail

What Happens After a Personal Loan Bankruptcy Discharge?

Sawin & Shea

Before choosing your first personal loan, you need to understand the difference between secured and unsecured loans. Unsecured loans don’t have collateral. If you fail to repay an unsecured personal loan, the lender cannot repossess your assets.