If You Lose Your Case, Are You Required to Repay a Non-Recourse Loan?
Posted on: November 18 2024Category:If you lose your case, you are not required to repay a non-recourse loan. These loans offer financial support for legal battles without the obligation to repay if the lawsuit is unsuccessful. Instead, the potential settlement or judgment from the case serves as collateral, protecting your personal assets. In the event that the case does […]
The Difference Between a Recourse and Non-Recourse Loan
Posted on: April 14 2022Category:When it comes to getting a loan, there’s more than one way to pay for it. Any loan that is secured by collateral is either a recourse loan or a non-recourse loan. Unsure what those are? In this blog, we discuss the basics of recourse vs non-recourse loans, how collateral works, and why you may […]