Comments on: How Does Co-Signing A Loan Affect Your Credit?

By: patricia

patricia — Wed, 09 Sep 2009 19:08:37 +0000

how soon after I’ve co signed for my daughter’s car loan, can I remove myself from the loan….???

By: Alan Tomaso

Alan Tomaso — Wed, 22 Jul 2009 15:52:00 +0000

I stupidly co signed a loan, while in a separation with my Ex Wife. We were seperated, and separation papers said i was not supposed to enter any agreement of any type for a loan with her. I did. 6 months later, we divorced, and on the Court agrement, the part that suggest, PROPERTY AND DEBT, the vehical that the loan was attached to, was said to be hers. Now she has defaulted, claimed bankruptcy, on the older law, where as the debt was cleared from her name. Now i have a $17,000.00 debt on my credit. Am i responsible for this?

By: San

San — Thu, 25 Jun 2009 16:56:41 +0000

As a co-signer, will I still be liable if something happen to my child or person deceased (hope nothing happen just a curiosity)?

By: Vivian

Vivian — Tue, 14 Apr 2009 11:21:13 +0000

How about a car loan. I co-signed for my daughter. I’ve made several payments but can”t keep doing this. What’s going to happen to me?

By: Tracy Seaton

Tracy Seaton — Thu, 02 Apr 2009 17:41:28 +0000

I co signed for my wife on a loan does this effect my debt to income ratio?

By: Bob Howard

Bob Howard — Fri, 13 Mar 2009 16:32:31 +0000

I co-signed for a mortgage with my daughter in 2006.. I regulary check my credit report and her mortgage never showed up on my credit report until 3 weeks ago.. when a 120 day lated NOD was filed.. needless to say my FICO dropped from low 700’s to high 500’s.. I called the loan servicer and asked why I had never been notified.. surprised they said they did not have my contact info..bull.. they have my loan app.

Do I have recourse against them?

By: Bob McIvor

Bob McIvor — Thu, 22 Jan 2009 17:44:51 +0000

How would I determine if someone used me to co-sign a loan without my knowing ?

By: jhon

jhon — Thu, 11 Dec 2008 01:41:40 +0000

Thanks for this information, nice article. I need information to reffinance my home because I read at http://home-refinance-mortgage–loan.blogspot.com/ , the global crisis will make the rates increase, so it’s to hard to apply credit for my home now. can you help me??

By: financial wellness project » carnival of financial resources #2 (the late halloween edition!)

Sat, 01 Nov 2008 08:09:05 +0000

[...] how cosigning a loan can affect your credit, according to ask mr. credit card. “If you go into a co-signing situation aware of the [...]

By: Soon to be Debt Free

Soon to be Debt Free — Tue, 21 Oct 2008 11:32:04 +0000

Carnival of Money Stories…

SoCalSavvy is hosting the Carnival of Money Stories this week and I was honored to see that a recent post of mine was chosen to be included. Be sure and check it out. My favorite two posts were How Does Co-Signing A Loan Affect Your Credit? and T…