UNSECURED DEBT
Unsecured Debt is a loan that does not have an underlying asset in the transaction to replace the money owed in case of incapability of payment. Unsecured debt takes many forms in our everyday life like medical bills, credit card debt, utility bills and other types of loans and credits that has an extension but has no collateral requirement. Lenders in this kind of transactions partake in a very risky business venture since they may resort to legal action to get back the money that they lent in the case that the borrower doesn’t pay back the whole amount or pay back at all. Due to the fact that unsecured debt have high risks because it has no collateral, it employs high interest rates. Unsecured debt may be erased via bankruptcy however this dramatic step may hinder financing for the coming seven to ten years.
POPULAR TERMS
Direct Marketing
Crossover
Mini-Sized Dow Options
Adaptive Price Zone - APZ
Noncredit Services
POPULAR ARTICLE
SEE FOREX TUTORIAL
The Concepts of Economics: Scarcity
Buying a Home: Writing an Offer
Retirement Planning: Creating a Nest Egg
A Guide to Your Personal Income Tax: Avoid Awful Surprises
Digesting Financial Statements: Cash Flow
ECONOMIC CALENDAR
Time | Country | Indices | Period |
---|---|---|---|
02:01 | Rightmove House Prices | Mar | |
04:00 | Fixed Asset Investment | Feb | |
04:00 | Industrial production | Feb | |
04:00 | Retail Sales | Feb | |
04:00 | Unemployment Rate | Feb | |
04:00 | NBS Press Conference | ||
13:00 | Bundesbank Monthly Report | ||
14:15 | Housing Starts | Feb | |
14:30 | Retail Sales | Feb |