Secured debt is backed by a physical item of value that can be seized by the lender if loan payments are not made, whereas unsecured debt is extended without the collateral of a physical item of value.

Authors

• Person: Not available Organization: American Public Health Association
  The Impacts of Individual and Household Debt on Health and Well ...

Sources

• The Impacts of Individual and Household Debt on Health and Well ... www.apha.org American Public Health Association via serper

Referenced by nodes (1)

• unsecured debt concept