Monthly Archives: January 2015

I read on one of your other pages where you talk about “secured” and “unsecured” debts. What’s the difference?

Q: I read on one of your other pages where you talk about “secured” and “unsecured” debts. What’s the difference?  A: “Secured” debt is backed up by some kind of collateral, which reduces the risk for your lender. Your mortgage, for instance, is a secured debt because the value of the house itself means the […]

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