Most debt falls into two categories, secure and unsecure. The most common types of secured loans are for home and automobile. Automobiles and homes are known as secure because if you fail to make a payment then the loan holder can take back the property from you. Unsecure loans can include credit card debts, and bank overdrafts. If you owe a creditor unsecure debt, then he can sue for the money
. that you owe. For more detailed information on this topic you can visit: http://www.selfgrowth.com/articles/Can_a_Creditor_Sue_Me_for_Unsecured_Debt.html.
