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Old 03-11-2009, 08:40 PM
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Default 86ing co-signer

Wondering if you have a co-signer, on a car loan, and if you take them off and take over the loan yourself would that increase your score at all or even make any difference?

thanks
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Old 03-12-2009, 12:23 AM
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I do not have any experience with this personally but I don't see how it could affect your credit score either way.
If you are wanting to remove a co-signer, you would have to more than likely re-apply basing it on only your scores. Now if you have better scores than the co-signer, then you may get a better interest rate. On the flip side, if you're scores aren't good enough, you may have higher interest......or worse case scenario.......a denial.
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