If you have failed to make your loan payments, a creditor may have the ability to repossess the property that is attached to the loan. There are two kinds of loans, secured and unsecured. Secured loans, such as for a house or a car, require that the property purchased be used as collateral for the loan. If you fall behind on your payments for a secured loan, the creditor can take back your property and sell it in order to pay off your remaining debt. Your creditor may be able to get a lien against other property you own and force its sale to pay the debt owed. If you’re worried about repossession or otherwise worried about debt, consult an attorney in your area today to find out more regarding your legal options.