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Yes. You need to go in with your friend and assume the loan so that it appears with your name on it rather than your friend. If you just take over payments without making it legal, then she can take the car when you are done paying it off and there would be no legal recourse.

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โˆ™ 2010-03-08 18:41:10
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Q: Assuming a loan payment from a friend what do you need to tell the lien holder bank do you need to qualify for their loan?
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