There are two types of debt: Secured, where a debt is tied to real property or accounts, and unsecured, which is debt that is not tied to any account. The most common forms of secured debt are auto loans and mortgages.
There are two types of debt: Secured, where a debt is tied to real property or accounts, and unsecured, which is debt that is not tied to any account. The most common forms of secured debt are auto loans and mortgages.