What is the Difference Between Secured and Unsecured Debt?
Sawin & Shea
JANUARY 25, 2022
To enforce secured debts, your creditors may repossess your car or other vehicles, they may foreclose on your mortgage, or levy against other property you have either pledged as collateral or that is subject to an involuntary lien. Unsecured debt, unlike secured debt, is not tied to any collateral or property.
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