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Posted in Auto Loans
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ed1166

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how can i get out of an auto loan co-sign
i recently co-signed an auto loan for a friend so she could get a new car. since then she has lost her job, she has bad credit but she has managed to pay the loan on time so far. how am i ever going to get out of this co-sign

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She has to be able to get a loan on her own merits in order for this to happen.  Until then, you are still "on the hook" as co-signer.  The fact that she is making all payments on time is a good thing for both of you.

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If you feel that she may start missing payments, you should tell her to let you know if she will not be able to make her payment, then get your wallet out and pay it or your credit will be damaged if it goes unpaid, then speak with her about selling the car to pay off the loan.

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