A loan extended to a person is called credit.
The word you want is lender.
The term that refers to the person, business, or institution that extended a loan to you is "lender." Lenders can include banks, credit unions, or private individuals that provide funds to borrowers, typically with the expectation of repayment with interest over a specified period.
IF you contact the lender that has the loan on it and IF the lender approves you to assume the loan.
It's up to the lender.
The "lender".
The "lender".
The word you want is lender.
IF you contact the lender that has the loan on it and IF the lender approves you to assume the loan.
It's up to the lender.
The "lender".
The lender is only attempting to protect his interest. If you have not established credit to the point that the lender can feel that the loan is secure he will probably not be willing to transfer the loan.
The lender is the owner of the loan.The person who cosigns a loan is equally responsible for paying it if the primary borrower does not pay.See related question link.The lender is the owner of the loan.The person who cosigns a loan is equally responsible for paying it if the primary borrower does not pay.See related question link.The lender is the owner of the loan.The person who cosigns a loan is equally responsible for paying it if the primary borrower does not pay.See related question link.The lender is the owner of the loan.The person who cosigns a loan is equally responsible for paying it if the primary borrower does not pay.See related question link.
Yes. The leinholder (the person who has to pay the loan) and the lender (the person who receives the loan payments) is not related to the person insured to drive the vehicle.
did you mean resource? The lender has authorization called lean to hold your property after a loan debt.
Yes, car payments can be transferred to another person through a process called a loan assumption or a loan transfer. This typically involves the new person meeting the lender's credit requirements and agreeing to take over the responsibility for making the payments on the car loan.
IF the lender approves, YES.
No. If you were not approved for the loan, no loan was made and therefore you don't have any responsibility to the lender.