Thursday, January 24, 2013

Personal Finance Resolution Week 4: Reducing Your Debt

http://www.investorguide.com/article/11557/personal-finance-resolution-week-4-reducing-your-debt/

There are two types of debt: Secured and unsecured. About 81% of Americans have revolving debt.

Unsecured: You agree to pay that ammount

Secured: Acts like a collateral such as mortgage loan and automobile loans.

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