Whats the difference between unsecured and secured debt?
Unsecured debt isnt tied to any collateral, and includes things like credit cards, medical bills, and personal lines of credit. These are the types of debt National Debt Relief can help you pay off and get rid of. Secured debt is tied to some form of collateral; it includes accounts like a home mortgage or an auto loan. If you fail to make your payments on a secured debt, the collateral can be repossessed by your creditor in the case of a home or auto loan, for example, you could end up losing you home or your car. Unfortunately, National Debt Relief wont be able to help you with these types of debt.
