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Can a personal loan between sister be willed to someone else?
A personal loan is an asset to the estate. As such it can be willed to someone else if there is proper documentation of the loan.
What is the term for a person who has taken a loan?
The term used to refer to someone who has taken out a loan is, borrower.
How do you put your car loan in someone else's name?
You just can't place your loan in someone else's name. That other person has to get his/her own loan for the car and pay off your loan.
How do you get out of a used car loan?
To get out of a used car loan, pay off the loan or find someone else who will do that.
Is it illegal to loan a drivers license to someone else?
Yes. A license cannot be 'loaned' to someone else.
Can someone purchase a vehicle then register that vehicle to someone else but continue to pay for the loan?
Yes, you can take out a loan for a vehicle for someone else and make the payments on it, but the only way you can put the vehicle in their name is if you have their permission.
Can you get a loan for someone else?
Yes, but you will be the one responsible for repayment, and it will be your collateral that is seized or forfeited if the loan is not repaid.
Which allows you to temporarily use money that belongs to someone else?
loan
Can you use someone else's property as collateral for a loan?
yes you can, provided the owner of the property agrees to mortgage it for the loan
Can you send credit from someone to someone else?
No, you can not give credit that you have to someone else. You can loan someone money or your credit card, but you are still responsible for paying the credit card company back.
What if your name is on the loan for someone else and they failed to pay the loan?
Unfortunately, you would be held responsible for that debt and would have to pay it.
How would an individual find out about the amount of a loan taken out?
Can be a complicated answer - or simple. If it is YOUR loan, just call the lender and ask. If it is SOMEONE ELSE'S loan - probably not, since it is private transaction between the lender and the borrower. UNLESS, the borrower used property to secure the loan (collateral) that he owns jointly with someone else (i.e. - spouse/family member/business partner) and then the picture changes, and the person who owns intreest in the pledged collateral MAY have access to the information.
