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Debt Settlement Is A Process Of Falling Behind On Unsecured Credit Card Bills By: Karri Owens. | Oct 7th 2010 - Debt settlement usually makes financial sense for consumers with over $10k in unsecured debt. There are also other options available. Debt financing includes both secured and unsecured loans. Security involves a form of collateral as an assurance the loan will be repaid. Tags:finance, credit, business, loans, lenders, credit cards, interest rates