Jul 18
Unsecured Debt Unsecured debt most often presents itself in the form of credit cards, or other unsecured loans, such as payday loans. “Unsecured” means there’s no collateral to back up the loan or debt. Unsecured debt often has higher interest rates as a result. Building credit: With credit cards, as a general rule, you should pay off your balance every month, which will avoid interest charges, which are often in the double-digits. Use your credit card only if you have the cash to pay it off,
