What is an example of an unsecured debt 2024?
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Studied at the University of Melbourne, Lives in Melbourne, Australia.
Unsecured debt means that someone loaned you money, but they don't have a lien on anything. Credit cards and student loans are good examples of unsecured debt, because there's nothing they can directly repossess if the borrower doesn't pay.
2023-05-10 09:37:10
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Lucas Stewart
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Unsecured debt means that someone loaned you money, but they don't have a lien on anything. Credit cards and student loans are good examples of unsecured debt, because there's nothing they can directly repossess if the borrower doesn't pay.