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Posted in Auto Loans
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spencerkeisha0603

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Will my credit score change if I give my cosigner my car and remove my name?
I'm currently trying to get a house and my credit score is really good. However my debt to income ratio is high due to the car loan, if I were to take my name off a car that I signed for and give it to my Dad the consigner does that impact my score, and how so?

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You Can not take your name off a Loan.    

Your Dad would have to take out a new Loan that would pay off the older loan.   Then that loan would show as paid and closed.

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