Expert Answers » Predatory Lending
Predatory Lending Glossary Definition (English)
Unsecured debt Defined
The following is in context to Predatory Lending, because it's common for a single word to have multiple meanings you will find additional research links near the bottom of the page.
"A debt that does not involve collateral. This type of debt is the result of money owed, for example, to a credit card company, who cannot seize any of the consumer's possessions if s/he does not pay off the balance. In a situation of delinquent payment, the credit card company will usually turn the matter over to a collection agency."
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Expert Dictionary: Unsecured debt
