How is a Nonrecourse Loan different than standard ones?
|
  |
|
|
| Author |
Message |
quinlan
Apprentice
Joined: 21 Jun 2008
Posts: 1
|
 Posted: 10/07/08 - 10:41 Post subject: |
 |
|
| I am choosing the right loan for me and my firm. I have made some bad decisions and now I have to pay the price of my poor judgment. That is the main reason I am making this inquiry. I have some idea on what loan I will apply for but I still need more info. How is a Nonrecourse Loan different than standard ones? |
|
|
Back to top
|
|
|
|
 |
dorian
Apprentice
Joined: 28 Jun 2007
Posts: 1
|
| Posted: 10/16/08 - 22:53 Post subject: |
|
|
| Hello, to my knowledge the main difference between monrecoure loan and other loan you can apply for is that with this loan you are not personal liable. Also the difference is that the lender cannot claim more then the collateral as the repayment. I hope this was helpful enough. If not there is always internet as an option. |
|
|
Back to top
|
|
|
|
|
siegfried
Apprentice
Joined: 05 Oct 2005
Posts: 1
|
| Posted: 10/26/08 - 11:06 Post subject: |
|
|
| Basically with nonrecourse loan you bear no economic risk of loss. I think that this characteristic makes this loan different form any other loan. If I had to choose a loan I would definitely choose this one. Still different people have different opinions. The decision is really up to you. |
|
|
Back to top
|
|
|
|
|
agneta
Apprentice
Joined: 02 Sep 2008
Posts: 1
|
| Posted: 11/04/08 - 23:18 Post subject: |
|
|
| Every loan has a certain risk. I know that with this loan you are no personal responsible for the loan but you must not rush things up. I strongly believe that in every loan the only people who gain for sure are lenders. That is why I would take a loan only if it would be my last option. I wish you luck. |
|
|
Back to top
|
|
|
|
|
|
| |
All times are GMT
|
| Page 1 of 1 |
Related topics: | |
|
|
