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goBigtime · 10-07-2003, 08:09 AM

What is the difference between secured and unsecured debt?

Secured means you have collateral = or > than the loan amount?

And unsecured means no collateral?

10-07-2003, 08:09 AM
goBigtime Confirmed User Join Date: Nov 2002 Posts: 7,761	Secured / Unsecured debt? What is the difference between secured and unsecured debt? Secured means you have collateral = or > than the loan amount? And unsecured means no collateral?