Secured Debt are debts that are secured by an asset or property. This ensures if a client misses a payment, the lender has an asset or property to ensure they can still collect on what they lended to a client. Provided below are a few examples of what secured debts are:

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• Mortgage Loans

• Home Equity Line of Credit (HELOC)

• Auto Loans

• Secured Credit Cards

• Federally Backed Student Loans

• Other Student Loans

• Any other debt you provided an asset or collateral for.