Recourse Loans vs. Non-Recourse Loans: Key Differences You Need to Know

Understanding Recourse vs. Non-Recourse Loans: Key Differences Explained When borrowing money, understanding the terms of the loan is crucial to avoid any financial surprises. One important distinction is between recourse loans and non-recourse loans. Both loan types allow lenders to claim collateral if borrowers fail to repay, but the way lenders can pursue additional repayment […]