I co signed on a car. the car was bought last nov and we want to pay it off. will that show up on my credit or just on the buyers credit
2007-03-05 22:53:59 · 6 answers · asked by sweetslover 1 in Business & Finance ➔ Credit
Co-signed loans show on both parties credit, no one knows by looking which person is the primary buyer and which one is the co-signer. If you pay it off? It will show on both as paid with no balance.
I look at credit all day long I know what I am talking about.
2007-03-06 01:33:08 · answer #1 · answered by ? 7 · 0⤊ 0⤋
Just on the buyer's credit. You only guaranteed the loan. By the way, you seem to be the only person out here with a positive co-signing experience. Good luck!!
2007-03-06 06:58:27 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes, if u pay if off that would be good for your credit and it will show on your credit report.
2007-03-06 12:02:30 · answer #3 · answered by shorty21 5 · 0⤊ 0⤋
If you pay it off, it won't show on anyone's credit. If the signer doesn't pay it off, the entire loan goes to the co-signer. If the co-signer doesn't pay it off, yes, it would show up on the co-signer's credit.
2007-03-06 06:56:45 · answer #4 · answered by joey k 3 · 0⤊ 0⤋
It likely appears on both. Get your annual free report from the credit bureau website annualcreditreport.com
2007-03-06 08:28:06 · answer #5 · answered by Rico E Suave 4 · 0⤊ 0⤋
I will show up on both.
You co-signed...it's your loan too!
Good luck!
2007-03-06 06:56:57 · answer #6 · answered by Warrior 7 · 1⤊ 0⤋