Unsecured Debt
A loan not secured by an underlying asset or collateral. Unsecured debt is the opposite of secured debt.
When you carry an unsecured debt, your creditor does not hold any collateral that they can take back if you fail to pay.
We developed a program in which consumers are able to relieve themselves from unsecured debt without having to file bankruptcy.
The professional staff will go through your financial situation and customize a program that will decrease your monthly payments up to 57%, as well as have you completely
debt free in as little as 3 to 5 years.
Examples of unsecured debt include: Credit Cards, Department Store Cards, Legal Bills, Unsecured Personal Loans, Health Club Memberships, Magazine/Record Clubs Fees, Cellular Telephone Bills, Signature Loans, Collection Agencies, Credit Lines etc
In the case of unsecured debt, a lender loans money without the security that an underlying asset provides. For this reason, unsecured debt carries more risk for the lender, which in turn makes the loan more expensive.
The more additional risk that a lender must take on, the higher the rate of interest a borrower must pay, making unsecured loans subject to higher rates.
