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Understanding Secured and Unsecured Debt: A Complete Guide

Secured and Unsecured Debt - debt advisors

Most people think “money owed is just debt,” but in reality, not all debts are created equal. The two main types of debt you should be familiar with are “secured debt” and “unsecured debt.” Understanding the difference between these can help you make better financial decisions, prioritize repayments, and avoid unnecessary stress. What Are Secured