difference between secured and unsecured debt?
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claudianus
Apprentice
Joined: 17 Apr 2006
Posts: 9
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 Posted: 01/02/11 - 06:26 Post subject: |
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| What is the main difference between different types of debt? I am thinking about secured and unsecured debt to make things more clear. Which one is more preferred to have, one or the other? This is something that I am not quite sure about, although it does sound like something that is not all that complicated at all. |
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hermann
Apprentice
Joined: 09 Jan 2007
Posts: 3
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| Posted: 02/01/11 - 03:02 Post subject: |
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| It is not complicated you are right about that. But this is not something that you can decide on without having any knowledge about something that is more detailed. I prefer secured debt because this is something that I have had so far and I never had any problems with it of any sort, so I think that secured debt is a good thing to have. Also I think that having unsecured debt brings you into position to have to think what you are about to do next and this is not something that you should be having on your mind when in debt. |
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ashleywatson
Apprentice
Joined: 10 Feb 2011
Posts: 10
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| Posted: 02/10/11 - 07:34 Post subject: |
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Personal , investment and debt payment are the different type of Debts. Personal debt, often called "bad debt", results from the purchase of an asset that will likely depreciate in value over time,investment debt, often called "good debt", results from the purchase of an asset that will likely appreciate in value over time.
When it comes to making debt payments, some debts are more essential than others is called debt payment. |
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