answersLogoWhite

0

Which type of debt is secure?

Updated: 9/27/2023
User Avatar

Wiki User

6y ago

Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Which type of debt is secure?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How do you unsecure your debt once it is secure?

The first step to move secure debt to unsecure is to get a credit report to see how much unsecure credit you can obtain. Apply for different loans and use the unsecure credit to pay off the secure debt.


What is a secure account?

Lying alongside a debt


Is Bond is secure or unsecured debt?

Bonds are norally something a person owns as an asset, not debt.


What is a Rescission of security deed to secure debt?

This means that the escrow paid off the first trust deed using the money from a refinancing. The cancellation of deed to secure debt occurs if a person refinances their mortgage.


What company can secure additional capital without going into debt by doing?

Going public


A company can secure additional capital without going into debt by doing what?

Going public


What is considered a secure claim for proof of claim in chapter 11?

A "Secured" - not secure- claim is one where the underlying debt or liability is a secured type loan or credit. that means it is like a car loan where the lender is officially in a position of interest, (legal claim of ownership or lien already in existence) to some type of specific asset of the debtors. That asset will be used to secure his recovery before being available to anyone else.


What is the definition of deed to secure debt?

This sounds like another way of saying mortgage--the conveyance of property by a debtor to a creditor which, if the debt is not paid, can be kept by the creditor.


When does a Deed to Secure Debt expire Georgia?

It will expire in 7 years if there is no 20 year clause.


What are the disadvantages to unsecured debt?

The disadvantage to unsecured debt is the payment of higher interest compared to the lower interest rate offered by a secure debt. Unsecure debt is a debt that is guaranted only by word. If a person fails to pay this debt the bank can file a lawsuit agaisnt and people will unfortunately not be able to sell their home.


What type of encryption protocol does secure FTP SFTP use to secure FTP transmission?

Secure Shell Protocol


What is the most secure type of paper shredding machine you can buy?

Grinders, particle-cut and pierce and tear shredders are very secure. Cross-cut is the most common secure type of shredder. Strip-cut shredders at the least secure.