In the USA you can’t get a limited loan. It’s theoretically possible but they do...

bruce511 · 2024-04-05T18:15:38 1712340938

Which is why its useful that you don't have personal assets.

chgs · 2024-04-06T14:16:03 1712412963

Then you have no assets to offer in guarantee for the loan and thus can’t get one.

bruce511 · 2024-04-07T05:40:17 1712468417

This is the root of what I'm saying. YOU decide how much, and what assets, you want to risk.

YOU decide whether to risk your house or not. If you do do it, then at least you're doing it intentionally and not by accident.

Of course bank loans are the tip of the iceberg. Lots of creditors want personal sureties, not just on your loans but others too. Most of those sureties contain language like "all present AND FUTURE" debts. You got divorced 30 years ago? They don't care.