Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

Is this fishy to you???......

If a person gets a loan through a cedit union or bank and they use it to buy a car and put it on their insurance can the credit union or bank turn down the loan because they ,person who got the loan , wants someone else to drive it and have it at that persons house (this person is gonna pay the loan and the insurance for this car)?

Answer Question
 
hypersquirrel

Asked by hypersquirrel at 10:45 PM on May. 14, 2009 in Money & Work

Level 5 (100 Credits)
Answers (2)
  • i don't think they can do that...unless they got an actual car loan and not a personal loan. that's totally different things
    Anonymous

    Answer by Anonymous at 10:52 PM on May. 14, 2009

  • Nope. The banks and credit unions don't care what you do with a car you buy, as long as there is proper insurance and the loan is paid.
    tyfry7496

    Answer by tyfry7496 at 11:00 PM on May. 14, 2009

Join CafeMom now to contribute your answer and become part of our community. It's free and takes just a minute.
close Cafemom Join now to connect to other members! Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN