About Guaranteed Personal Loan Approval

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Guaranteed personal loan approval is when the bank requires a cosigner to ensure a loan for an individual with risky credit. Avoid having to get a guaranteed personal loan with advice from an investment consultant in this free video on personal loans.

Part of the Video Series: Personal Finance & Money Management
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Video Transcript

Hello, my name is Roger Groh. We're here today to talk about guaranteed personal loan approval. Have you tried to borrow money recently? They're going to look at what you have today in terms of liquid assets, they're going to look at your job, they're going to look at your future to determine that if they give you cash are they going to get it back plus the interest that you owe them. Now it sometimes a guarantee of another group or person is necessary for you to make the bank feel comfortable that they will give you the money. That is called a guarantee when another party comes in and actually cosigns the note with you. That way the bank knows that if you cannot pay them, this other person or group may. Now frequently you see that happening on cars and in corporations that happens quite a bit in startups where a company really doesn't have a track record of borrowing money and paying it back and they would like a personal guarantee before they lend money to that corporation. I'm Roger Groh and that's about guarantees for personal loan approval.

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