What is secure debt?

Answer The term "secured debt" refers to loans made by a bank that are guaranteed by collateral. Collateral is a specific property that can be taken if the loan is not repaid.TypesSecured debt includes mo... Read More »

Top Q&A For: What is secure debt

How to Move Secure Debt to Unsecure to File Bankruptcy?

In general, there are two types of debt: secured and unsecured. Secured debt is an asset--a home, a car or a bank account--held as collateral. Unsecured debt is the opposite of secured debt, there ... Read More »

A Secure Digital memory card is faster and more secure than a Compact Flash memory card true or false?

Can personal property or a paid off condominium be taken by a debt collector to pay off credit card debt in Pa?

Creditors may certainly look to seize/attach your assets of most types to pay the debts you promised or obligated to pay and don't. They also get to recover any costs for having to act to have you ... Read More »

How long after a credit card debt judgment can a debt be collected in Michigan?

The statute of limitations on collecting a judgment in Michigan is 10 years. Keep in mind that if the debtor is paying off the judgment in installments, the statute of limitations is put on hold du... Read More »