What does unsecured credit card debt mean?

Answer Credit card issuers who extend unsecured credit lines do not require that any collateral be held in trust in exchange for credit. This means that the lender expects a consumer to pay back all unsec... Read More »

Top Q&A For: What does unsecured credit card debt mean

Is a credit card unsecured debt?

On One Hand: Usually UnsecuredUsually, credit cards are considered unsecured debt because they require no collateral for a line of credit, according to the U.S. Federal Trade Commission. Because of... Read More »

Can credit card companies sue for unsecured debt?

The term "unsecured debt" just means that the items you buy with the credit card cannot be taken from you by the credit card company when you default on the payment. However, the credit card compan... Read More »

How Can I Get an Unsecured Credit Card With My New SSN?

You can get an unsecured credit card with your new Social Security number by applying at a bank, credit union or other lending institution. However, your previous credit history under your former S... Read More »

How to Obtain an Unsecured Credit Card?

If you have good credit, you can likely get an unsecured credit card, which allows you to use the card under the assumption that you will pay for purchases later. This can be helpful during emergen... Read More »