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September 22, 2018
Question

Loan repayment and credit

  • September 22, 2018
  • 1 reply
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I co-signed with (for) my daughter so she could lease a new car for 3 years.  In 1.5 years, she has 5 late payments, which has brought my credit score down by 40 points!  Can I dispute this with the credit agencies so it won't be held against me.  I know my name is also on the lease, but since she's the primary owner, can I have this removed from my credit history?

    1 reply

    Carl11_2
    September 22, 2018

    Don't bother. When you co-sign a loan you take equal if not greater responsibility for repaying it. Your credit is dinged. Period. You can dispute it all you want. You agreed to the same exact loan terms as your daughter, when you co-signed that loan.