Can I transfer a loan into someone else's name?

ams006

Hi,

Does anyone know if you're allowed to transfer a personal unsecured loan from your name to someone else's name?
(Obviously with the other person's consent! lol)

Any info would be appreciated.

Thanks

CLAPTON

no..................

but of course they can take out a new loan, give you the money and then you can pay off the old loan

probably stupid but you haven't given the full circumstances so impossible to say

paddyrg

No, the lender agreed to lend money to you based on your creditworthiness, and whether they thought you would pay it back in a troublefree and timely fashion, and set the APR accordingly. Someone else has a different credit profile, so no.