Debt comes in many forms. There are many bills, payments and obligations that can fall behind and end up becoming debt. There are also loans that can contribute to the debt you may have. Credit cards, medical bills, utilities, school loans, mortgages, car loans and more all constitute as debt. With so many different types of debt in existence, it can be hard to keep track of them all. What’s even worse is trying to categorize these debts. Fortunately, there are two main types of debt that more or less cover any debt you may have. These debt types are known as secured debt and unsecured debt.
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