rare2findd
New member
means ? ~~~~~~~~~~~~~~~~~~~~~~~
the government guarantees re-payment, right?
hummm
Then when are defaulted loans paid back to the lender (government)?
if government 'guarantees' these loans, then isn't it a form of "double dipping" when collection agencies collect (or try to) on defaulted loans? The government simply pays defaulted loans. The collection agencies are not required to re-pay the government.
Wy not?
the government guarantees re-payment, right?
hummm
Then when are defaulted loans paid back to the lender (government)?
if government 'guarantees' these loans, then isn't it a form of "double dipping" when collection agencies collect (or try to) on defaulted loans? The government simply pays defaulted loans. The collection agencies are not required to re-pay the government.
Wy not?