Unsecured loans, on the other hand, are not backed by any assets. This includes credit cards, student loans and personal loans. A secured loan can also place a lien on the asset that is being used as collateral, which means that it becomes part of your legal ownership until you pay the debt back in full. https://easzfin.com/how-to-talk-about-money-as-a-couple-money-together-authors/