Top-name repayment refers to the act of asking another person to apply for a loan for some reason or when the loan amount is insufficient, and then repaying the principal and interest of the loan instead of the other party. This situation is more common when applying for car loans and mortgages, because the credit information is not good and it is impossible to apply. It should be noted that top name repayment is not protected by law.

Top loan repayment faces great risks. Suppose that when applying for a mortgage, Xiao Zhao's credit information could not be applied because it was overdue, so he asked Xiao Liu to help him apply for a mortgage, and then Xiao Zhao repaid it. After the mortgage was paid off, Xiao Liu transferred the house to Xiao Zhao. At this time, there will be two risk situations:

First of all, Xiao Zhao suddenly stopped repayment, so the mortgage debt will only be borne by Xiao Liu. If you can't bear it, it will have an impact on Xiao Liu's credit status and cause great losses;

Second, when the mortgage is paid off, Xiao Liu will not transfer the house to Xiao Zhao, so this will involve serious economic disputes. In addition, if the bank finds that there is a top loan repayment, it is likely to ask the borrower to pay off the loan immediately or take other risk control measures. Therefore, when handling the top loan repayment, we must do what we can, and don't be opportunistic, so as not to regret it after the accident.