Unsecured debt is a form of borrowing that is not secured by a specific material asset. Since this type of debt doesn’t require an asset as collateral, there’s nothing specific the lender will take ...

At some point in your life, you will likely need to borrow money. When you do, it will be in one of two forms: secured or unsecured. Unsecured debt is a common form of borrowing that includes ...

A secured loan is backed by collateral, such as your home or vehicle, while an unsecured loan does not require any pledged ...

Meredith Mangan is a senior editor and expert on personal loans. Fox Money is a personal finance hub featuring content generated by Credible Operations, Inc. (Credible), which is majority-owned ...

Before you sign on the dotted line, consider whether a secured or unsecured loan might be the best fit for your situation. Many or all of the products on this page are from partners who compensate us ...

Secured debt uses an asset as collateral to secure the loan, while unsecured debt doesn’t require any collateral. If a borrower fails to repay the loan as agreed, the lender can seize the collateral.