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 ...

You’ve got options for pizza. Options for cell phone service. Options for shoes. And yes, options for loans. The thing is, the loan you choose will affect your life far more than whether you go for ...

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 ...

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.

Unsecured debt doesn’t require you to offer collateral, such as a vehicle or a home, to secure the loan. Because unsecured debt is riskier for lenders, interest rates are typically higher, and ...

A black family of three and their dog, happily sitting on the living room floor of their home. You’ve got options for pizza. Options for cell phone service. Options for shoes. And yes, options for ...