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Unsecured debt is when a creditor holds no collateral. Examples of unsecured debt are Credit Cards, Unsecured Personal Loans, Medical Bills, Student Loans, Taxes, Charged-Off Accounts, and Collection Agencies. Unsecured debt means that no form of collateral such as a home or an automobile was utilized to secure the loan. Secured loans such as a Mortgage or car Loans cannot be consolidated. Unsecured debt, on the other hand, can be consolidated as part of a debt consolidation program.
Please fill out the form on the right for a free debt consolidation counseling session
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