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can i transfer a personal loan to another person

by 13dragonc58 from Franklin, Vermont. Aug 11th 2013 Reply


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Aug 11th 2013
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James Mazzola (Mazzola)
#109 ranked lender in New Jersey - 314 contributions

If you lender approves it

Aug 12th 2013
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John Moran (SimplifyMortgage)
#7 ranked lender in Arizona - 663 contributions

If the loan is assumable and the lender approves it, yes. This is very rare these days.

Aug 12th 2013
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Jericho Cherry (Jerichocherry)
#54 ranked lender in Virginia - 1,107 contributions

Check with your lender to see if it is acceptable.

Aug 12th 2013
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Jason Vondrak (jvondrak)
#220 ranked lender in California - 1,741 contributions

You will have to get your lender to agree to transfer the loan.

Aug 12th 2013
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Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

That person can make the payments, but you are still responsible for the debt, and the lender can come after you if the payments are not made on time.

Aug 12th 2013
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