Not exact matches
Though Erie
County would be
on the hook for debt
payments if ECMC
defaults, that would be true no matter who the hospital borrows from since it is considered a public benefit corporation.
Normally it is easier to get a secured loan than an unsecured loan, if you have a bad credit history or CCJ's (
County Court Judgments) as the lender considers your home as enough security in case you
default on your
payments.
If
payments are missed, any
default or
county court judgment could be recorded
on the guarantor's credit report.