The Debt Collectors Following You
Secured debts are tied to an asset like a car loan. If you stop making payments in this situation, lenders can repossess your car. This also applies with your home loan. On the other hand; unsecured debts are not tied to an asset, including most credit card debt. Because of this risk, most unsecured debts especially with credit card companies are very aggressive with the debt collection. They even offer free credit counseling to educate clients with their debt repayments.