When I wanted to buy a car 5 yrs ago, the creditor said I needed my husband's signature. In the end, he was the owner of the vehicle and I was the co-owner. But when the car was repossessed some yrs later, the whole debt went on my credit report! What should I do?
2006-08-22 11:21:29 · 4 answers · asked by Anonymous in Business & Finance ➔ Credit
Be responsible and don't let it happen again.
2006-08-22 11:27:13 · answer #1 · answered by mattymomostl 3 · 0⤊ 0⤋
It takes awhile, but if the creditor refuses your payment and still keeps the debt on your credit report, keep writing the companies (equifax, experian, and trans union) and keep on them and they will check with the loan company and if it does belong to your husband they have to remove it. I had to do it and it took me 8 months to a year. Good Luck
2006-08-22 18:27:56 · answer #2 · answered by Stacy R 6 · 0⤊ 0⤋
It probably went to his report, too. When you're co-signer, You and the other party are equally responsible for the entire amount.
2006-08-22 18:28:03 · answer #3 · answered by spot 5 · 0⤊ 0⤋
You definately need to report this action to the "powers that be".
2006-08-22 18:28:03 · answer #4 · answered by jaimestar64cross 6 · 0⤊ 0⤋