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!

Posted in Mortgage
co-sign a mortgage
co-signed a mortgage loan for my daughter. She lost her job and didn't work for a couple of years. She got behind in her payments and had to re-negotiate her loan from the mortgage company. Her mortgage is still showing on my credit report. How can I get rid of the co-signing?
Profile Image

Question By
daditto

0 Contributions
0 People Helped
All Responses
Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

You cannot get rid of it.  By co-signing, you are responsible for the loan, as well as her.  Thus, whenever she had a problem paying, it was then your responsibilty to ensure that the loan obligations were met. 

The only way to rid yourself of the co-signing is for her to refinance without yours. However, this will still show as a bad mark on your report for 7 years because it is a legitimate bad mark against you.  By co-signing, you have responsibility for the loan, as well.

Top Contributor

Response by
phnxangell

255 Contributions
104 People Helped
Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Reply to this Question

Write your response:

Enter Your Comments
Submit to the Community