37877164__Predatory_Lending__June__2006__DEFINITION_OF_CHARACTERISTIC
[CHARACTERISTIC] Refinancing Unsecured Debt [DEFINITION OF CHARACTERISTIC] 
The process of using an individual’s home as collateral to refinance unsecured debt such as credit cards or medical debts. This process can be disadvantageous because creditors of unsecured debt can rarely take a borrower’s property for nonpayment. However, creditors who refinance unsecured debt using a home as collateral can take the home for nonpayment.
FDIC OIG: Challenges and FDIC Efforts Related to Predatory Lending, June, 2006
DEFINITION OF CHARACTERISTIC