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.
The term used to refer to someone who has taken out a loan is, borrower.
To get out of a used car loan, pay off the loan or find someone else who will do that.
Yes. A license cannot be 'loaned' to someone else.
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.
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.
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.
If you are renting the property from someone else and do not own it, no, because a home equity loan is like a mortgage. The lender has a lien on the property if you default on the loan. If you are the owner of a property and rent it out, yes you should be able to get a loan with the property as security.
If only your name is on the title and the loan is not listed as a lien on that title then you are the legal owner. If someone else obtained a car loan for you then their name should be on the title to the car with yours. The question of ownership should be addressed if someone was kind enough to borrow money for you to have a car. The car should have full insurance coverage in case of an accident.
Unfortunately, you would be held responsible for that debt and would have to pay it.
To loan money to someone means to give your own money to someone else for a period of time. Then, the receiver will eventually pay the lender back the money (usually with interest).
A guarantor is the person who agrees to pay on a debt of someone else if the person who guaranteed to pay defaults on the loan. A guarantor is a type of co-signer for the loan.
Yes, but you are responsible for that loan until paid or transferred.
If the loan by the Bank than it will be on your name. Do not pay loan if someone else as name to the loan.
Yes, check your credit report. All legitimate loan companies will report to the 3 major credit bureaus when they give out loans to consumers. If someone else used your identity to open a loan account, then it should show up on your credit report.
a loan pony is a pony that a loaner or leaser uses as their own but is owned by someone else, and they can have the pony back at any time
From my experience, you would have to re-finance the suto loan with the new co-signer.
Yes. Or the bank can "add" you to the loan and retain the originator too making the loan a "joint" or "co-signed" loan.
You can cosign but both names will be on title.
Depending on the state you must at least cosign.
There are many choices for places where someone could apply for a faxless loan. These are available from usurers or payday loan providers who advertise on television, in newspapers and on the internet. The terms and conditions should be carefully studied, in particular for the punitive interest rates which are charged, also for the action that would be taken in the event of default.
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.
It is normallyused when somebody needs money but cant afford it and asks someone else and repay it after use of it
Most lender's would not allow the act with perhaps the exception of a loan that was related to debt assignment in a divorce decree.
This is called a 'straw' purchase. It does happen in the industry, but the banks do not allow it.