<prompt> Human: Hi PF I am seeking advice on an issue-My fiance has kinda bad credit after filing bk a few years ago and is rebuilding. I have much better credit than him upper 700s and he has suggested refinancing his motorcycle in my name which would significantly drop the interest rate from 13 to somewhere under 5. He bought the bike right after the bk which is why the rate is so high. I am hesitant to put it in my name and finance it-even though I trust him and he makes three times as much as me- because I was always told it was a good idea to only finance things I would personally use or can pay for on my own salary. PF what should I do? Is it smart to put it in my name to save money? What would happen if we didnt make it to the altar- could I resell itget out from under it?  <response>: I was always told it was a good idea to only finance things I would personally use or can pay for on my own salary.This is a smart move. Never take on someones debt unless you are personally willing to pay for it out of your own salary until it is paid off. What would happen if we didnt make it to the altar- could I resell itget out from under it?Unless you were to change the ownership of the bike put it in your name you would be stuck. You would have no ownership rights and wouldnt be able to sell it. At the same time, you would have to continue paying on it because the debt is in your name.What is the outstanding balance on the loan? If it isnt much, I feel like the better course of action would be to have your significant other throw all the extra money they had towards the loan to pay it off. If you truly do think this is the real deal and youre both in it for the long term, its not a terrible decision from a PF perspective. Personally, if I were to take on a debt like this for a SO, I would want the ownership changed so if things did go south youd have recourse and could sell the bike to pay the loan off. 