Fully Guaranteed Loan. What’s a Assured Loan?

A loan that is guaranteed a loan that a 3rd party guarantees—or assumes your debt obligation for—in the big event that the debtor defaults. Sometimes, a guaranteed loan is guaranteed by way of a federal federal government agency, that will buy the financial obligation through the financing lender and undertake obligation for the loan.

Key Takeaways

  • A loan that is guaranteed a kind of loan for which a 3rd party agrees to cover in the event that debtor should default.
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