Share post
Share
Debt Consolidation Forums Credit Repair, Credit Score and Credit Report forums

Is it possible to remove a co-sign information from my credit report?

Date: Tue, 06/26/2018 22:16
member profile picture
Posts: 1
Credits: 0
[Donate]

Is it possible to remove a co-sign information from my credit report? I co-signed for a friend of mine and came to know that he's not making the payments on time. do i have to file a case to get it removed? Is there any way to remove my name from the co-sign?




No. You can't remove your name as a co-signer. The lender won't spare you. Since your friend is not making the payments, so you're responsible for it. You have to make payments. Otherwise, delinquent accounts will be reported on your credit report.

Sub: #1 posted on Tue, 06/26/2018 - 22:26

SC SC
Moderators
(Posts: 3937 | Credits: )

As you are the co-signer, you have to make the payments. The bills are nor your obligations. If you can't afford them, try to talk to your friend and ask him to pay the bills. You can also talk to the lender about it and ask for an extended payment plan. Meanwhile, contact your friend and tell him to pay the bills.

Sub: #2 posted on Wed, 06/27/2018 - 06:34

Sanders Patricia Sanders Patricia

(Posts: 1234 | Credits: )

Some loans programs have a option which may release a cosigner. Being the cosigner you may need to make a certain consecutive on-time payments. Two years of on-time payments might be useful. So, you should read your loan documents again to see if there’s any type of program associated with it. You can also call the lender and ask about it.

Sub: #3 posted on Wed, 06/27/2018 - 07:25

Barbara Delinsky Barbara Delinsky

(Posts: 432 | Credits: )


DebtConsolidationCare (IAPDA member)
BBB (A+) logo for DebtCC
Connect With Us
About Us | Contact Us | Privacy Policy
Copyright © 2020 DebtConsolidationCare | 301 W. 11th Street Unit E, Reno, NV, 89503, United States
* Disclosures:
  1. By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  2. Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
  3. Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  4. Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  5. The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
Page loaded in 1.166 seconds.