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If you own a home the consequences of a judgment against you are more significant as judgment creditors can place liens against your home. Either way, you should speak with an experienced debt relief attorney about strategies for dealing with unsecuredcreditors. Experian Credit Card and Debt Relief List.
With secured debts, your creditors have the right to seize the collateral property if you default on payments. In contrast, unsecureddebt from unsecuredcreditors doesn’t have collateral attached. Credit card balances, personal loans, medical bills, and utility bills are generally unsecureddebt.
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