# personal loan questions... **URL:** \ **Category:** Shift518 Off Topic\ **Created:** [December 12, 2009, 3:40pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020 "2009-12-12T15:40:22Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![SSmokinn\_SS](https://avatars.discourse-cdn.com/v4/letter/s/ec9cab/32.png) [@SSmokinn\_SS](https://forums.speedlife.net/u/SSmokinn_SS)\ **Post date:** [December 12, 2009, 3:40pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/1 "2009-12-12T15:40:22Z")
say if I was going to buy someones car, and they still owed on a personal loan but they had that personal loan signed over to my name and I took over the payments…would the credit for that person “act” as if the loan was paid off as far as credit goes??? Or would he need to pay that loan off himself instead of dumping the payments on me to get the credit he wants?? not sure how this works…I have never taken a personal loan out before… ---
**Author:** ![Boost\_Creep](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boost_creep/32/6366_2.png) [@Boost\_Creep](https://forums.speedlife.net/u/Boost_Creep)\ **Post date:** [December 12, 2009, 3:42pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/2 "2009-12-12T15:42:32Z")
Personal loan = INTEREST out the wazoo. Run away from this transaction. ---
**Author:** ![SSmokinn\_SS](https://avatars.discourse-cdn.com/v4/letter/s/ec9cab/32.png) [@SSmokinn\_SS](https://forums.speedlife.net/u/SSmokinn_SS)\ **Post date:** [December 12, 2009, 3:43pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/3 "2009-12-12T15:43:51Z")
> [@fs: integra rear disk swap](https://forums.speedlife.net/t/fs-integra-rear-disk-swap/27031/4): > > Personal loan = INTEREST out the wazoo. Run away from this transaction. not really worried about that sense it not a big amount… ---
**Author:** ![6SPD\_S4](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/6spd_s4/32/6326_2.png) [@6SPD\_S4](https://forums.speedlife.net/u/6SPD_S4)\ **Post date:** [December 12, 2009, 3:46pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/4 "2009-12-12T15:46:08Z")
There shouldn’t be a lean on the vehicle if it’s under a personal loan. I payd off my personal loan a few months back. 14.9% interest. Fuck that noise. ---
**Author:** ![SSmokinn\_SS](https://avatars.discourse-cdn.com/v4/letter/s/ec9cab/32.png) [@SSmokinn\_SS](https://forums.speedlife.net/u/SSmokinn_SS)\ **Post date:** [December 12, 2009, 3:48pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/5 "2009-12-12T15:48:25Z")
> [@cut out "middle" line of bumper on the Z?](https://forums.speedlife.net/t/cut-out-middle-line-of-bumper-on-the-z/27172/3): > > There shouldn’t be a lean on the vehicle if it’s under a personal loan. I payd off my personal loan a few months back. 14.9% interest. Fuck that noise. is there any way to get a auto loan without going through a dealer?? ---
**Author:** ![usmc2801](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/usmc2801/32/6387_2.png) [@usmc2801](https://forums.speedlife.net/u/usmc2801)\ **Post date:** [December 12, 2009, 3:53pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/6 "2009-12-12T15:53:33Z")
> [@OFFICIAL Buffalo Sabres Thread](https://forums.speedlife.net/t/official-buffalo-sabres-thread/25170/3870): > > is there any way to get a auto loan without going through a dealer?? yes…they have used auto loans for buying through a person not a dealer. ---
**Author:** ![TurboTravis](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/turbotravis/32/6406_2.png) [@TurboTravis](https://forums.speedlife.net/u/TurboTravis)\ **Post date:** [December 12, 2009, 4:02pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/7 "2009-12-12T16:02:53Z")
I’m helping him via AIM. If there is one thing that I’m good at, it’s spending money that I dont have lol. ---
**Author:** ![Hang\_Your\_Cross](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/hang_your_cross/32/6381_2.png) [@Hang\_Your\_Cross](https://forums.speedlife.net/u/Hang_Your_Cross)\ **Post date:** [December 12, 2009, 4:22pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/8 "2009-12-12T16:22:49Z")
go to a bank and get a car loan. ---
**Author:** ![Wayne64SS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/wayne64ss/32/6365_2.png) [@Wayne64SS](https://forums.speedlife.net/u/Wayne64SS)\ **Post date:** [December 12, 2009, 4:34pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/9 "2009-12-12T16:34:18Z")
a personal loan has no collateral against it(no vehicle lean), hence the higher interest. i def would not take over his personal loan. if anything go get ur own and if you have good credit itll prolly be less interest than his is. i only take personal loans on cars if they are a small amount (say like under 7 gs) and i know i am going to pay them off quickly. take out the max term to get ur monthly real low, then double or triple the payment and shell be paid in no time. ---
**Author:** ![SSmokinn\_SS](https://avatars.discourse-cdn.com/v4/letter/s/ec9cab/32.png) [@SSmokinn\_SS](https://forums.speedlife.net/u/SSmokinn_SS)\ **Post date:** [December 12, 2009, 5:07pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/10 "2009-12-12T17:07:38Z")
> [@So what's next?](https://forums.speedlife.net/t/so-whats-next/27543/42): > > a personal loan has no collateral against it(no vehicle lean), hence the higher interest. i def would not take over his personal loan. if anything go get ur own and if you have good credit itll prolly be less interest than his is. > > i only take personal loans on cars if they are a small amount (say like under 7 gs) and i know i am going to pay them off quickly. take out the max term to get ur monthly real low, then double or triple the payment and shell be paid in no time. yah…sounds good. ---
**Author:** ![zee\_oh\_sex](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/zee_oh_sex/32/6451_2.png) [@zee\_oh\_sex](https://forums.speedlife.net/u/zee_oh_sex)\ **Post date:** [December 12, 2009, 5:32pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/11 "2009-12-12T17:32:21Z")
holy shit stallmer ur interst was above 14 thats stupid high…mine isnt that high at all…and correct with a personal loan there isnt a lean on the title of the car, the question at hand is this…the person A with the car has a personal loan for the car, he wants to sell it to person B, person A took out the loan to build credit to buy a better car next time. Person B wants to take over the loan, what does Person A’s credit reflect if person B takes over the loan? ---
**Author:** ![bennyfizzle](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bennyfizzle/32/6291_2.png) [@bennyfizzle](https://forums.speedlife.net/u/bennyfizzle)\ **Post date:** [December 12, 2009, 6:01pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/12 "2009-12-12T18:01:31Z")
I got a personal loan @ around 6% APR, 7k, 48 mo. Not bad at all imo 😛 ---
**Author:** ![PJB](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/pjb/32/6389_2.png) [@PJB](https://forums.speedlife.net/u/PJB)\ **Post date:** [December 12, 2009, 6:02pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/13 "2009-12-12T18:02:58Z")
My personal loan is the same rate as my truck loan so theyre not always higher percentages. ---
**Author:** ![LKSi](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/lksi/32/6316_2.png) [@LKSi](https://forums.speedlife.net/u/LKSi)\ **Post date:** [December 12, 2009, 6:03pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/14 "2009-12-12T18:03:32Z")
^^^^^ Last person who should be advising someone about loans ---
**Author:** ![K20power](https://avatars.discourse-cdn.com/v4/letter/k/41988e/32.png) [@K20power](https://forums.speedlife.net/u/K20power)\ **Post date:** [December 12, 2009, 6:04pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/15 "2009-12-12T18:04:59Z")
PJB: Professional Financial Advisor. ---
**Author:** ![PJB](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/pjb/32/6389_2.png) [@PJB](https://forums.speedlife.net/u/PJB)\ **Post date:** [December 12, 2009, 6:05pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/16 "2009-12-12T18:05:14Z")
> [@someone shot themselF at the casinoooo](https://forums.speedlife.net/t/someone-shot-themself-at-the-casinoooo/27145/69): > > ^^^^^ Last person who should be advising someone about loans and you know that how? So Ive got a couple loans. Ive still got good credit and pay my bills on time. ---
**Author:** ![Mark355](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/mark355/32/6528_2.png) [@Mark355](https://forums.speedlife.net/u/Mark355)\ **Post date:** [December 12, 2009, 6:07pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/17 "2009-12-12T18:07:27Z")
PJB, I hear you have been dreaming about my scrotal problems. I need one thousand dollars. You can call it a loan if you wish. ---
**Author:** ![PJB](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/pjb/32/6389_2.png) [@PJB](https://forums.speedlife.net/u/PJB)\ **Post date:** [December 12, 2009, 6:11pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/18 "2009-12-12T18:11:36Z")
Youre better off just chopping off your scrotum and calling it a day. ---
**Author:** ![K20power](https://avatars.discourse-cdn.com/v4/letter/k/41988e/32.png) [@K20power](https://forums.speedlife.net/u/K20power)\ **Post date:** [December 12, 2009, 6:12pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/19 "2009-12-12T18:12:39Z")
PJB just sent me a PM asking if I had any pics of LKSi’s scrotum. ---
**Author:** ![Mark355](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/mark355/32/6528_2.png) [@Mark355](https://forums.speedlife.net/u/Mark355)\ **Post date:** [December 12, 2009, 6:12pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/20 "2009-12-12T18:12:48Z")
Very well then. I’ll pray with the monks in Thailand. [Next page](https://forums.speedlife.net/t/personal-loan-questions/249020.md?page=2)