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What We Should Do When We Are Sued for Unsecured Debts?

It is important for customers to know more about unsecured debt. Unlike car loan or mortgage, unsecured debts are not secured against an asset. With secured loans, lenders know that if we default on payment, they could still obtain the money back by selling our home. Unsecured loans are not attached to any of our asset. Catalogue debt, bank overdrafts, credit card ...

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