Welcome New User! ( Create Account | Sign In )
 
Question

Submitted 216 days ago...

Relaxed564

Relaxed564

New User (1)

Assume someones car loan

Is it leagal to take over another persons car loan and am I secured by doing this

 
 
 
Answers
 

Answer 1 / 3

Submitted 209 days ago...

pnaypleazer

pnaypleazer

Authority (345)

Only if you notify the bank, No you are not secure if the loan is not in your name then ownership is given to the one who name is on the loan. You actually need to refinance the car.

 

Answer 2 / 3

Submitted 76 days ago...

dewest7

dewest7

New User (1)

My mother purchased a car in her name for my sister and my sister was suppose to make the payments. She is not making the payments on time. My sister credit is not the best. How can my mother get out of this car loan and my sister take over the responsibility of the car payment?

 

Answer 3 / 3

Submitted 76 days ago...

jim5456

jim5456

Professor (1,534)

Sell the car clear the loan and let sis buy one she can afford [but your mom wont do that ] so she is stuck and sis needs to be reminded it your mothers credit she is messing up

 
 

Answer This Question Now

If your Answer is chosen as the “accepted” answer, you will earn ongoing royalties on this thread.
Simply type your Answer in the box below and post your answer.

Email Subscriptions

Author adds clarification

All new responses

Related Questions
 

This Question has not been awarded yet.

Post your answer now!