Helping someone you love may seem like the right thing to do, but taking out a loan under your own name can leave you responsible for the debt long after the relationship ends.
A Malaysian car sales adviser named Mazlina recently shared the experience of a customer who allegedly faced this exact situation while applying for a new car.
Expected quick approval, but bank rejected application
According to Mazlina’s post on Threads, the man wanted to purchase a Perodua Ativa Advance and earned approximately RM7,000 a month.
Based on his income, she initially expected the loan application to be approved within three hours.
“For sure, once I submitted the application, I thought the approved result would come out within three hours,” she wrote.
However, the bank unexpectedly rejected his application.
Mazlina claimed that further checks found that the customer had an outstanding amount of nearly RM25,000 after failing to make payments on another car for around three years.
Bought a Myvi for his former girlfriend
When questioned about the debt, the man reportedly explained that he had purchased a Perodua Myvi under his name for his former girlfriend about four years earlier.
At the time, the woman was still undergoing industrial training and was reportedly not eligible to apply for a car loan herself.
Wanting to help her get a vehicle, he agreed to take out the loan under his own name after she promised to handle the monthly repayments.
According to Mazlina, the woman initially made the payments as promised. However, after the couple broke up, she allegedly stopped paying after only a few months.
The man also claimed that he did not know what was happening because the woman had blocked all of his phone numbers.
Received letters and visits from repossession agents
Mazlina said the customer admitted that he had previously received several letters regarding the overdue payments.
People attempting to repossess the vehicle had also reportedly visited him.
However, they were unable to locate the car as it was allegedly still in the possession of his former girlfriend.
After receiving no further updates for some time, the man assumed that the matter had already been settled.
He only realised that the issue remained unresolved when his application to purchase a new car was rejected.
As the original loan was registered under his name, he was still legally responsible for the unpaid instalments, regardless of who had possession of the vehicle or promised to make the payments.
“Everything must have boundaries”
Following her customer’s experience, Mazlina advised others not to take out loans under their own names for another person, especially someone they are dating.
Don’t be too convinced that the person will eventually become your life partner, like this man who took on the husband role too early.
“Everything must have boundaries. Otherwise, you will be the one responsible in the end,” she wrote.
