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Types of Debt | Unsecured Debt | Secured Debt
There are two main types of debt: Secured Debt or Unsecured Debt.
Unsecured Debts
Unsecured debt is a form of debt that is not secured to any asset. This would normally include debts such as credit cards, unsecured loans, overdrafts, store cards etc... read more about Unsecured Debts...
Secured Debts
A Secured Debt, also referred to as a "Secured Loan" is where you, the borrower takes out a loan, whilst securing it against some sort of asset, be it your car or property. This makes the debt become a secured debt to the creditor (the provider of the loan). read more about Secured Debts...
If you are struggling with your debts and need help immediately please do not hesitate to contact Debt Advice. Our debt counsellors on 0844 56789 44. We are on hand with a sympathetic ear, so please don’t hesitate to give us a call, email, text, or online chat. A problem shared is a problem halved and it’s our job to listen, talk or help.