Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
Audrey231

0 Contributions
0 People Helped
a delinquent account due to cosigned
I cosigned for my daughter for a car and she was late which it impact my credit score. I have now a delinquent comment on my history. Which effected my credit score real bad, she is now all caught up on her payment Can this be removed if she calls the company or what can I do? Please help

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7367 Contributions
3809 People Helped

Whenever you cosign for another, you are basically telling the lender that, should the original borrower fail to pay as agreed, you willingly take on full responsibility for the loan. That means you also accept the potential credit damage that might occur.  She might be able to get it removed from your account by sending a goodwill letter requesting it, though this may not happen.  

The problems you are experiencing are not uncommon and is why cosigning is discouraged. 

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.