What is Unsecured Debt?
Unsecured debt consists of debt obtained from a creditor where the creditor does not hold any collateral that they can take back if you fail to pay.
Acceptable debts:
  • Credit Cards
  • Department Store Cards
  • Unsecured Personal Loans
  • Cellular Telephone Bills
  • Signature Loans
  • Collection Agencies
  • Credit Lines
  • Student Loans
  • Short Sales
    		•  Debts NOT allowed:
  • Home Loans / Mortgages / HELOC's
  • Secured Loans
  • Auto Loans
  • IRS Tax debts
  • Payday Loans
  • Cash Calls
  • Jewelry Accounts
  • Government Loans
  • Apartment Leases / Rent
  • Utility Bills
  • Credit Union Loans (personal, auto, secured, mortgage)
  • Any debts that are pending lawsuits