Loans
Personal Loans Student Loan Refinance Auto Refinance Mortgages Mortgage Refinance
Credit CardsSavingsCredit Score
Learn
Learn

>

Glossary

>

U

>

Unsecured Debt

Unsecured Debt

Typical of a personal loan, unsecured debt is not backed by any asset acting as collateral, in the event a loan becomes delinquent or goes into default. As a result, unsecured loans typically have higher interest rates.

Related Products

Loans Graphic
Loans