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People obatianing credit for a third party

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colin3 | 22:55 Wed 29th Nov 2006 | Law
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Is it against the law to obtain credit for a third party
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Avatar Image Mrs_Pegasus
No brainer really - of course it is!
23:04 Wed 29th Nov 2006
Avatar Image dzug
Why on earth should it be illegal to act as an agent in obtaining credit for someone? I arrange a loan for you - as long as the loan company knows what capacity I am acting in, where's the problem? As long as I'm properly registered, where necessary, as a financial advisor.

Obtaining a loan for yourself in someone else's name is a different matter - but that's not what you asked, even if it was what you intended to ask.
23:14 Wed 29th Nov 2006
Avatar Image NORMANTHEDOG
of course you can take a loan out for someone else,but you will be held responsible for the payments not the third party,i took a loan out for my son and he paid me the monthly payments.
09:24 Thu 30th Nov 2006

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