Secured vs. Unsecured Debt

Secured & Unsecured Debts

Consumer Lawyer in Chicago, IL

At Atlas Consumer Law, we handle a wide variety of consumer law and debt-related cases in Chicago, Illinois. We believe that being informed can empower consumers about their rights and options. Many of our clients do not understand the difference between secured and unsecured debts, which is why we have created this page.

Secured debts often involve an asset that is considered collateral for a debt. For example, an auto loan is considered a secured debt. If you fall behind on your car payments, creditors can repossess your car to pay the money owed. Mortgage loans are another example of a secured debt. Unsecured debts, on the other hand, are not held by a lien. Creditors can take legal action in order to pursue unsecured debts through wage garnishment and other tactics.

Some examples of unsecured debts include:
Student loans
Credit card debt

How Our Chicago Bankruptcy Lawyers Can Help

Our Illinois debt solution team can carefully review the details of your debts and recommend the course of action you should take in order to protect your assets and interests. For many, filing for bankruptcy can help them regain their financial stability. Whatever your goals are, we will listen intently to your needs and help guide you in the right direction.

We have an A+ Rating with the Better Business Bureau!

We understand that dealing with debt and other related issues that may arise can be emotionally taxing and draining. We wish to lend you a helping hand so you may seek the debt relief you need to get back on track financially. Once we assist you with debt discharge, we will continue to ensure your rights as a consumer are protected through our Protect The Discharge program. We are here for you during your time of need, no matter what happens.

Worried about your debt situation? Discuss your options with our legal team during an initial consultation. Call (312) 313-1613 to schedule yours at your earliest convenience.

Hear From Our Satisfied Clients

Reviews & Testimonials

At Atlas Consumer Law, your satisfaction is our priority! See for yourself what our clients have to say about working with us.

"I was so stressed out, found Atlas Consumer Law & gave them a call!"
I had absolutely NO exceptions going forward with my lawsuit against a company that harassed me for payment! I was at the ...

- Pam S.
"So Helpful & Responsive!"
Everyone at Atlas was so willing to help and so responsive. I'm so grateful for the work they put in on my case! Would highly ...

- Stephanie M.
"Results Fast!"
THEY GOT RESULTS FAST FAST FAST!!!

- Jake B.
"Can Do Attitude All the Way!"
Atlas consumer Law is amazing and they have the CAN DO attitude and will do anything to get the job done.. I highly recommend ...

- Donnie P.
"Thank you for educating me about my rights as a consumer!"
The Atlas Consumer Law Group is Awesome. They promptly took care of my issue with a creditor who tried to ignore my rights as ...

- Belinda W.
"Absolutely Amazing!"
I am absolutely AMAZED at this law group! I started a case in March and got it solved in early May! The debt collector was ...

- Aline G.
"Atlas Consumer Law Goes Above & Beyond!"
Atlas helped us within 6 months more or less and they were an awesome team. I would definitely recommend Atlas Consumer Law ...

- Llyod G.
"Atlas Consumer Law is on Your Side!"
When you need the law on you side call Atlas!

- Arlene B.

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Contact Us Today!

Talk to the leading law firm in the country about your rights for free! Fill out the form below or give us a call at (312) 313-1613 and we would be happy to give you the answers you need to make informed decisions for yourself and your family.

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