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cDatabase->db_connect in /mnt/horus/horus/classes/api_v1.class.php(99)
cAPI->getQueue in ()
call_user_func_array in /var/www/uc-api/api_v1.php(44)
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Unsecured. Most lenders will not consider student loans as a line of credit either.
Unsecured, and will follow you for the rest of your life, or until you pay for it. So, make some arrangements and pay them off.
They are unsecured- but if your asking from a BK stand point they can not be discharged in a BK case.
A secured loan is a loan that is attached to a particular item that can be taken away if the loan is not repaid. Those such things include homes and vehicles. There are secured credit cards in which you have to put (for example) $ 300 into a savings account in return for a $ 300 credit card. That is usually for people wishing to “rebuild” their credit.
An unsecured loan is a loan that is not attached to a product that can be repossessed if the bill is not paid. Most credit cards and personal loans fall under this category.
While most debt is bankrupt-able, student loans are not bankrupt-able. The only way you get out of that is if you die.