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The key to understanding the difference between secured debt and unsecured debt is to ask if the creditor could take away any property if you are not able to repay the debt in time.

With a secured debt there are tangible items that are attached to the debt, such as a house or car.  If you fall behind on payment, the lender can repossess the property.

With unsecured debts there is no property or any other kind of product that is attached to that debt.  Typically, you borrow from a creditor to obtain goods or services on credit in exchange for your promise to repay the debt.  Common Examples of unsecured debt is credit card debt, personal loans, and medical debt.