Priority Debts

What are Priority Debts or Secured Debts?

A Secured Debt, also referred to as a "Secured Loan" is where the borrower takes out a loan, whilst securing it against some sort of asset; be it your car or property.

In the event of your defaulting on payments of a secured loan, the creditor can take possession of the secured asset as payment. They may even sell the asset in order to satisfy the debt owed.

Examples of Secured debts are mortgages, loans on property, Hire Purchase etc...

What to if you need advice on your secured debts

If you are unsure what to do about your secured or unsecured debts, contact us at Debt Advice for further information. Fill out the form below or give us a call for free and in confidence. Our experienced Debt counsellors can discuss your situation with you providing the best answers and options for your circumstances.

Your information is not retained or passed to any third partys. You have complete control over what you want to do with the advice we give you.

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