Sunday, May 15, 2011

question re selling a motorcycle bought with an unsecured loan for ...

just wandering if anyone can tell me -i got a loan for the purpose of a motorcycle purchase but am wanting to sell the bike and keep paying the loan company each month as if it was a normal loan,is it possible to do this as the loan is not actually secured on the bike,all the T?s & C?s say is that it is a ?loan for the purpose of motorcycle purchase?.
If I did sell the bike is there anyway the loan company can find out?
what would they do if they did find out?

Thanks in advance to anyone that can help
i am in the uk by the way!

Source: http://www.freedom-finance.net/unsecured-loans/question-re-selling-a-motorcycle-bought-with-an-unsecured-loan-for-purpose-of-motorcycle-purchase-read-on/

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