What is Unsecured Debt?
Unsecured debt refers to any borrowing where the consumer hasn’t been required to add any assets as collateral. This means that should the borrower not be able to continue paying the loan, the lender would need to pursue the debt.
Takes a look through our unsecured debt articles to find out more.
Unsecured Debt Examples?
Catalogues remain an extremely popular way of purchasing goods for many people. They often give you an option to ‘buy now, pay later’ and to spread the cost of your purchases over a period of weeks.
Unsecured Debt FAQs
If you owe money to a utility company, are there any circumstances that could lead them to write it off? It is highly unlikely that a utility company would write a debt off. The only circumstances that could lead to this is if the debt is more than 12 months old and you can prove
The costs associated with going into higher education are constantly increasing. Whether that’s tuition fees, rental fees or simply the cost of living, going to university is beginning to become prohibitively expensive for many young people. For most, the only way it is possible to study at univesity is to take on student loans and
Unsecured debt, like a personal loan, is a very straightforward way to borrow money. You received an amount of money from the lender and you agree to pay that money back in instalments along with any interest. Some of the negatives that are associated with unsecured loans are that, since they are not secured against any assets, the
Utilities are essential to our way of live and we often take them for granted. But, if you’re faced with bills you can’t pay, then you may be faced with severe consequences inlcuding the frightening prospect of having one or more of your main utilities disconnected. As with most debts and arrears, swift action can