# 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:** 42

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### 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 13, 2009, 7:05pm UTC](https://forums.speedlife.net/t/personal-loan-questions/249020/42 "2009-12-13T19:05:55Z")

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> [@Looking at HDV Cameras. Need advice.](https://forums.speedlife.net/t/looking-at-hdv-cameras-need-advice/27158/12):
>
> I dont think there would be much difference because sefcu isnt just gonna go on the people changing over the loan’s word and change the name in the loan without checking person B’s credit anyways. So really its kind of the same thing. For him to get an auto loan on the car tho might be tough because i know sefcu only gives an auto loan on stuff 98 or newer or something along those lines, so he could use the car as collateral for the personal loan, right?

Using a car for collateral for a personal loan = a car loan.  
Assigning a loan is just as much word as getting a new loan, except you arent bound by the terms that the last guy signed for. You also can get a car loan (secured) with lower interest. Most institutions finance any car regardless of age. All the care about is the loan-to-value. I dont see the point in dealing with this guy’s loan or bank, there’s no advantage.

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