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Posted in Auto Loans
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Question By
INeedACar2017

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0 People Helped
Transferring a loan?
I cosigned on a loan for a car, as we shared the car. Now only she uses the car and I would like to get off the loan. Would transferring the balance just to her affect my score?

I'm not sure the proper terminology, but the lender has already said that I can be removed from the loan.

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Top Contributor
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Do it

If the lender has already stated that they can remove you from the loan you should go ahead and remove yourself. Removing the you from the loan should have a net positive effect on your score.

Top Contributor
2031 Contributions
3157 People Helped

99% sure you can not transfer a Car loan,   they need to Refinance the Loan in their name only. 

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