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by tessaa on May 30th, 2006

tessaa

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I have a co-signer for a car I purchased. How hard will it be to have them taken off as a co-signer if I payed off my debt and have established good credit?

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Answers. 3 helpful answers below.

  • by tessaa on May 31st, 2006

    tessaa

    thanks for your answers. but what i'm thinking of is improving my credit with credit breaus. will I still need to have co-signer. or what can I do to not have co-signer? It's only been five months and I would like to clean up my credit and try this on my own. any suggestions would be great. and I would love to take my co-signer out to dinner and thank her for helping. and explaining that they would be no longer obligated.

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  • by Anonymous on May 30th, 2006

    Anonymous

    You are on the right track. having a co-signer and paying the car in full, should establish you as creditworthy. the co-signer is no longer needed and has no further obligation on your paid in full automobile.

    As a gesture of thanks, i would drive my co-signer, in my fully paid automobile, to a nice restaurant and buy him/her dinner.

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  • by andywho on May 30th, 2006

    andywho

    Once the debt is paid the role of the cosigner is terminated.

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