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Personal Loans. In finance, unsecured debt refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation or failure to meet the terms for repayment.. In the event of the bankruptcy of the borrower, the unsecured creditors will have a general claim on the assets of.

The newlyweds lived in Texas, where she found a commuter college at $50 a semester that she could afford. technical school.

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