The Basics of Unsecured Debt Relief/title>  <link href="http://www.totaldebtrelief.net/css/css.css" rel="stylesheet" type="text/css" />  <script language="JavaScript1.2" src="http://www.totaldebtrelief.net/roll.js" type="text/javascript"></script> <script language="JavaScript1.2" src="http://www.totaldebtrelief.net/main.js" type="text/javascript"></script> <script language="JavaScript1.2" src="http://www.totaldebtrelief.net/validation1.js" type="text/javascript"></script> <script language="JavaScript1.2" src="http://www.totaldebtrelief.net/showhide.js" type="text/javascript"></script> <script language="JavaScript1.2" src="http://www.totaldebtrelief.net/submitroll.js" type="text/javascript"></script> <script type="text/javascript" src="http://www.totaldebtrelief.net/mootools.js"></script> </head> <body>  <div id="TipLayer" style="visibility:hidden;position:absolute;z-index:1000;top:-100;"></div> <script language="JavaScript1.2" src="../../style.js" type="text/javascript"></script> <center> <div class="navbg"> <table cellpadding="0" cellspacing="0" width="980" border="0"> <tr> <td class="nav"><a href="http://www.totaldebtrelief.net/"><img src="http://www.totaldebtrelief.net/images/logo.gif" border="0" alt="Total Debt Relief" title="Total Debt Relief" /></a></td> <td class="nav1" width="117"><a href="http://www.totaldebtrelief.net/debt-settlement/" class="navigation">DEBT SETTLEMENT</a></td> <td class="nav1" width="84"><a href="http://www.totaldebtrelief.net/bankruptcy/" class="navigation">BANKRUPTCY</a></td> <td class="nav1" width="139"><a href="http://www.totaldebtrelief.net/debt-consolidation/" class="navigation">DEBT CONSOLIDATION</a></td> <td class="nav1" width="132"><a href="http://www.totaldebtrelief.net/credit-counseling/" class="navigation">CREDIT COUNSELING</a></td> <td class="nav1" width="79"><a href="http://www.totaldebtrelief.net/do-nothing/" class="navigation" rel="nofollow">DO NOTHING</a></td> </tr> </table> </div> </center> <br /> <table cellpadding="0" cellspacing="0" width="976" border="0" align="center"> <tr> <td class="mainsquare" valign="top"> <table cellpadding="0" cellspacing="0" width="976" border="0" align="center"> <tr> <td class="middle" valign="top" width="650"> <img src="http://www.totaldebtrelief.net/images/main_large.jpg" alt="Debt Relief" title="Debt Relief" /> <div class="centertitlelarge"> <h1>The Basics of Unsecured Debt Relief</h1> </div> <div class="centercontentlarge"> <p>Whenever you take out a loan without also placing some form of collateral down to reassure the creditor of compensation in the event of non payment, that's considered an unsecured debt. <a href="http://www.totaldebtrelief.net/">Credit card debt</a> is the most popular form – a bit too popular among Americans over the past few years, if you were to ask most economists – but there are still other sorts: the so called signature loan still offered by several banks, for example.</p> <p>Financing for cars or boats or homes are, by their very definition, secured loans since the funds borrowed are earmarked solely for items that could then be repossessed or foreclosed upon should payments fail to arrive. However, borrowers should still remember that they may end up with unsecured debts should the estimated bluebook price for a vehicle or appraisal value for a residence whose legal rights of ownership have fallen back to the financier end up worth less than the amount of money owed.</p> <p>Most borrowers who've been considering one of the forms of <a href="http://www.totaldebtrelief.net/">debt relief</a> to help alleviate the stresses of mounting bills have both sorts of financial problems, of course. It's virtually a guarantee that any citizen of the United States suffers from credit card debt accounts to one extent or another, and the majority of people around the country will also have to worry about payments for either a car loan or home mortgage. </p> <p>Keeping all of that in mind, most debt relief programs will solely concern themselves with the unsecured type of debt, aside from a handful of circumstances such as bankruptcy protection (in which the secured loans could be restructured under certain conditions agreeable to borrower, lender, and trustee; rarely indulged for reasons that should appear self evident) and mortgage consolidation (which packages credit card debt against the equity of a primary residence).</p> <p>Beyond the retail charge cards and credit card debt accounts, there are other sorts of unsecured debt, still, and, with the current health insurance crisis appearing to worsen by the day, medical bills have become the second leading cause of debt relief behind only the revolving lines of credit. Unfortunately, student loans, although they are most definitely unsecured and certainly prove to be a crippling financial obligation for so many young men and women –in what's growing to be a tragedy rivaling the health care debt industry, this is often true for Americans more than a decade past their days at school – are not available for debt relief. </p> <p>Ever since the United States Congress decided some twenty years ago that any educational loan would not be subject to Chapter 7 bankruptcy protection, even the private student loans remain invulnerable to all debt relief strategies since the lending institutions know that the borrowers will have no choice but to pay one way or another: garnishment of wages sadly common for even minimum wage slaves under current statutes.</p> <p>In a similar fashion, though this makes a great deal more sense and should be considered unassailably fair, liens assessed by the courts for criminal misdeeds and familial responsibilities unpaid (alimony and child support, in specific), should not be considered viable targets for debt relief regardless of their technical status as unsecured loans because they are also safeguarded against the bankruptcy laws. In general, the distinctions between which sort of unsecured loans could be negotiated down through debt relief should just be a matter of common sense, but, especially when it comes to bankruptcy exemptions, it's always a good idea to speak with a professional about your own personal debt holdings before ever making any final decision. </p> <p><strong>Related Pages</strong></p> <ul> <li><a href="http://www.totaldebtrelief.net/credit-counseling/erase-bad-credit/">Erase Bad Credit</a> - Bad credit can hurt one's financial future wehn unattended to. Here are some steps consumers can take in erasing bad credit </li> <li> <a href="http://www.totaldebtrelief.net/debt-consolidation/debt-repair/">Debt Repair</a> - When one finds themselves in massive amounts of debt there still methods that can repair debt troubles. This page covers simple strategies for debt repair </li> <li><a href="http://www.totaldebtrelief.net/credit-card-debt/settle-credit-card-debt/">Settle Credit Card Debt</a> - Credit card debt tends to creep up on many consumers and in some cases to unpayable amounts. Certain situations might call for credit card debt settlement. </li> </ul> </div> <div class="centertitlelarge">Got Debt? Need Debt Relief?</div> <div class="centercontentlarge"> The decision to reach out for help with your debt is not one that's easy to make. You were raised to "do the right thing", but now it's nearly unbearable. You struggle along while your creditors are turning up the heat. And now you're at the point where the late fees, penalties and interest expense make it impossible to keep your head above water.<br /><br /> Ask yourself this. If you could eliminate your debt without permanently damaging your credit, why wouldn't you? </div> <div class="centercontentlarge"> <table cellpadding="0" cellspacing="0" border="0"> <tr> <td class="othercentertitle" width="325"><h3><a href="http://www.totaldebtrelief.net/bankruptcy/">Avoid Bankruptcy</a></h3></td> <td class="othercentertitleright" width="325"><h4><a href="http://www.totaldebtrelief.net/">Debt Relief </a></h4></td> </tr> <tr> <td class="othercenterleft" valign="top">Bankruptcy is not your only option! Our goal is to help you determine the right course of action for you to take. We will connect you with a debt settlement company today that will help you avoid filing for bankruptcy protection.</td> <td class="othercenterright" valign="top">Are your finances spiraling out of control? Get the information you need today to stop harassing creditor's phone calls. Total Debt Relief provides a matching service to connect you with pre-screened Debt Settlement Professionals.<br /><br /> These debt management pros will educate you on all of the options available to you to get out of debt. Total Debt Relief helps you make the most informed decision possible so that you can get your financial life back on track.</td> </tr> </table> </div> </td> <td class="right" valign="top"><img src="http://www.totaldebtrelief.net/images/right1.gif" alt="Free Debt Evaluation" border="0" /> <div class="formcontents"> <h2>COMPLETE THIS FORM TO RECEIVE A FREE <a href="http://www.totaldebtrelief.net/debt-settlement/">DEBT SETTLEMENT</a> EVALUATION!</h2> <form method="post" action="http://www.totaldebtrelief.net/ThankYou.php" onSubmit="return formValidator()"> <br /> <br /> <table cellpadding="0" cellspacing="0" border="0"> <tr> <td rowspan="2" width="70"><img src="http://www.totaldebtrelief.net/images/11a.gif" alt="First Name Card" /></td> <td><img src="http://www.totaldebtrelief.net/images/firstname.gif" alt="First Name"/> *</td> </tr> <tr> <td class="inputcell"><input class="inputbox" name="firstname" id="firstname" /></td> </tr> </table> <br /> <br /> <table border="0" cellspacing="0" 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