Secured debt uses an asset as collateral to secure the loan, while unsecured debt doesn’t require any collateral. If a borrower fails to repay the loan as agreed, the lender can seize the collateral.
It's no surprise, then, that student loans were the company's bread-and-butter lending product. But when the COVID-19 pandemic hit, the government paused payments and interest on federal loans, which ...
If you thought all was lost, it's not, you have several solutions to cover your student loan in a timely manner, to the point of having a deduction that would clean up your taxes.