That has a secured personal debt, the bank loan is tied to an asset, or collateral, that lenders can seize in case you cease spending. Unsecured personal debt is just not backed by collateral, so lenders don’t possess the same recourse. The concern of “What occurs to my home?” looms https://md-bankruptcy-lawyer92468.blogminds.com/5-simple-techniques-for-bankruptcy-discharge-letter-25909711