enow.com Web Search

Search results

1. Results from the WOW.Com Content Network

2. Personal guarantee - Wikipedia

   en.wikipedia.org/wiki/Personal_guarantee

   A personal guarantee is a promise made by a person or an organization (the guarantor) to accept responsibility for some other party's debt (the debtor) if the debtor fails to pay it. In the case of a personal guarantee made by an individual on behalf of another, the person who makes the personal guarantee is usually referred to as a co-signer ...

3. Do Personal Guarantees Affect Credit Scores? - AOL

   www.aol.com/finance/personal-guarantees-affect...

   A personal guarantee means you personally promise that a debt will be paid back. If you sign a personal guarantee on a business loan, you are responsible for paying back the money if the business ...

4. Can I Get a Business Credit Card With No Personal Guarantee?

   www.aol.com/news/business-credit-card-no...

   A personal guarantee is an agreement an owner or executive makes to pay back a debt if the business cannot. ... you are probably used to separating your business and personal finances. A personal ...

5. Guarantee - Wikipedia

   en.wikipedia.org/wiki/Guarantee

   A personal guarantee, by contrast, is often used to refer to a promise made by an individual which is supported by, or assured through, the word of the individual. In the same way, a guarantee produces a legal effect wherein one party affirms the promise of another (usually to pay) by promising to themselves pay if default occurs.

6. Surety - Wikipedia

   en.wikipedia.org/wiki/Surety

   In finance, a surety / ˈ ʃ ʊər ɪ t i /, surety bond, or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. Usually, a surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee ) a certain amount if a second party (the principal ...

7. Pros and cons of unsecured business loans - AOL

   www.aol.com/finance/pros-cons-unsecured-business...

   For example, many lenders will want anyone with 20 percent to 25 percent ownership to sign a personal guarantee and be personally liable for repaying the debt. Alternatives to unsecured business loans