As the name suggests, unsecured debt is any type of debt that is not tied to a form of security. This means that conventional credit cards, personal loans, medical bills and even student loans are classified as unsecured debt.
While many people assume that an auto loan is unsecured, this is usually not the case. Many auto loans use the vehicle purchased as security for the loan. This means that if you miss a car payment, the lender has the right to recoup its losses by seizing the vehicle. Therefore, this means that these loans are certainly not unsecured debt.