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What is unsecured debt?Is it credit cards,home loans,car loans,medical bills,payday loans?

What is unsecured debt besides credit cards?Does that include home loans,car loans,medical bills,payday loans?

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This entry was posted on Tuesday, July 14th, 2009 at 7:33 am and is filed under Payday-Loans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “What is unsecured debt?Is it credit cards,home loans,car loans,medical bills,payday loans?”

  1. rebecca_btchlr, Try finding other methods to get the cash first. Payday loan companies offer a great service, but it’s not something just anyone should get invovled with. If you do take a loan, pay it back quickly. http://www.goodinternetdeals.com/Payday-Loan.html

  2. Unsecured debt is debt which is not backed by collateral. A home loan is backed by the value of your home (the collateral), so it is not unsecured. A credit card is only backed by your "promise" to pay and is, therefore, unsecured.

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