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Mezeako

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Closing a large loan off. good or bad?
I cosigned on a huge loan for my ex husband at 30,000 and now that we are divorced he is trading that car in which will completely get my name off the car. I can breathe a little easier knowing the debt is gone, but I do not know how this will effect my credit score. I plan on closing the account once all is said and done, leaving my debt with only my own car loan at 16000. I have never missed a payment and I plan on keeping my car until its paid off. Should I be concerned about the sudden change with my credit report closing the biggest account on it? Is this a good or bad thing?

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