A guaranteed loan is a loan that an authorized guarantees—or assumes your debt responsibility for—in the big event that the debtor defaults. Often, a guaranteed loan is guaranteed by a government agency, that will buy the financial obligation through the financing lender and undertake duty for the loan.
Key Takeaways
- A loan that is guaranteed a form of loan by which a 3rd party agrees to cover in the event that borrower should default. Continue reading “Fully Fully Guaranteed Loan. What’s a Fully Guaranteed Loan?”