Unsecured Debt

Definition

A debt that is not connected to any specific property.

Learn more about "Unsecured Debt"

The bank you owe this debt is called an unsecured creditor in a bankruptcy case. Common examples of unsecured debt are credit card debt, medical debt, and student loan debt. Some unsecured debts are priority debts, which means they receive priority treatment in a bankruptcy case. Secured debts are the opposite of unsecured debts. A secured creditor has the power to take back property (through repossession or foreclosure) after a payment default.

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What is Unsecured Debt?
By the Upsolve Team

What Is Secured Debt?
By the Upsolve Team

What are Priority Unsecured Debts?
By the Upsolve Team

Upsolve is a 501(c)(3) nonprofit that started in 2016. Our mission is to help low-income families resolve their debt and fix their credit using free software tools. Our team includes debt experts and engineers who care deeply about making the financial system accessible to everyone. We have world-class funders that include the U.S. government, former Google CEO Eric Schmidt, and leading foundations.

To learn more, read why we started Upsolve in 2016, our reviews from past users, and our press coverage from places like the New York Times and Wall Street Journal.