Debt can be an important tool, whether you’re using it to make large purchases, pay for unexpected expenses, consolidate ...

Certain types of loans are secured by property. This gives the lender the ability to repossess the secured asset if you stop making payments. Mortgage debt is a type of secured debt: Your mortgage is ...

Secured debt is financing that uses collateral to back up the loan. Collateral is an asset you own, like a car or house. Even cash deposits can function as collateral in some cases. If you default on ...