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It seems like it is technically a debt, but financially I wouldn't consider it debt until you have either failed to pay it back in the agreed upon time or are m
by izzydata 8y ago
It seems like it is technically a debt, but financially I wouldn't consider it debt until you have either failed to pay it back in the agreed upon time or are missing payments.
- gowld 8y agoThe word you are looking for is "secured" debt. https://www.lendingtree.com/glossary/secured-debt/ https://www.lendingtree.com/glossary/secured-debt/