# personal loan questions... **URL:** https://forums.speedlife.net/t/personal-loan-questions/249020 **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:** 1 **Showing post:** 39
### Author: ![JClark](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jclark/32/6309_2.png) [@JClark](https://forums.speedlife.net/u/JClark) #### Post date: [December 12, 2009, 10:07pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/39 "2009-12-12T22:07:55Z")
> [@LOTRO \> WoW](https://forums.speedlife.net/t/lotro-wow/27169/3): > > 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… Unnecessarily complex transaction. Get a new loan using the car to secure the note. --- _[View the full topic](https://forums.speedlife.net/t/personal-loan-questions/249020)._