In other words, creditors can not seize these assets from a debtor to pay the debtor's debts. (blog.kainscott.com)
If you fail to make your payments on your debt consolidation loan, your lender can seize your asset in order to get its money back. (lendedu.com)
It differs from a mortgage, car loan, or secured loan in that the lender can not directly seize your assets if you fail to pay back the loan. (nerdwallet.com)