What types of debts are there?

Whoever can give me a list of all types of debt, they will get best answer. I don%26#039;t want to know about your personal debt, but what types of debt a person can have (taxes, school loans, child support, credit cards, car payment etc.)

What types of debts are there?

Generally.... SECURED debt (loans secured by collateral such as cars, homes, boats, furniture -- anything tangible), and UNSECURED debt (credit cards, signature loans, student loans, child support, and judgments).

If a secured debt defaults, the lender is entitled to repossess the collateral and sell it. If the sale of the collateral does not cover the loan amount due, there is a %26#039;deficiency balance%26#039; which then becomes an unsecured debt.

If an unsecured debt defaults, the lender is usually entitled to take you to court and sue you for the amount due, which will include (usually) their court costs, past and future interest, and collection costs. If they win the case, they can %26#039;attach%26#039; a lien to some tangible item that you own (usually real estate). Also if they win, a judgment will usually appear on your credit report which any other potential lender can see. Most reputable financial institutions will require that the judgment be released (paid) before they will lend you any more money.

What types of debts are there?

payable and unpayable.

What types of debts are there?

Well, its interesting in the way you ask this. I wonder if you actually need the answer. Assuming you do. There are numerous types of debts which you may require hours to think of each type.

Contractual (verbal and written)

Commercial

Conusmer

Credit

Personal

Government

Landlord/ Tenant

Real Estate

Work Related

Family

Financial (not all debt is for money)

Disputed

Non Disputed

Debt from each and every type of industry there is (everything listed above plus, construction, medical, insurance, employment, entertainment, retail, wholesale, delivery, any and every type of store or service).

If you have a specific type of question please ask it. Good luck with whatever your actual quest here today is!

www.impartialinc.com

What types of debts are there?

profitable or unprofitable.

money

favors

gratitude

duty