Simply put, debt is unsecured if you have promised to pay a creditor a sum of money at a particular time, and you have not pledged any real or personal property as collateral for that debt.
Some examples of unsecured debt might include:
The other type of debt that people usually have is called secured debt. Secured debt is money that was borrowed with a condition that if you fail to make your payments, one (or more) of your possessions (collateral) might be seized and sold by the secured creditor. Some examples of secured debt might include: