The options are limited. You must pay it off or refinance. You would have to get the bank to agree to a refinance with only you as the signer, if you qualify. Banks rarely remove a co-signer from obligations under a mortgage.
In the US, the only way to get a co-signer off your student loan is to pay off the loan perhaps by consolidating the loan.
Many and almost all banks will give you a loan if you have bad credit, all that you will need is a co-signer to sign off on it with you, the co-signer is telling the banks to give you a chance, and if you mess up that he will be responsible with you to pay the loan back.
No. The co-signer is there because the credit grantor considered you too risky.
You should be able to depending on your credit score.
The loan needs to be re-financed and be assumed solely by the person who originated the loan. The original person will need to have a worthy credit rating in order to escape the need for a co-signer.
The co-signer will be released from the loan when it is paid off. If the loan is refinanced under the primary borrower's name and credit, then that is also when the co-signer will be free. If the lender does not remove the co-signer, or keeps reporting the payment history on their credit report, then contacting them with the proper paperwork regarding payment should make it happen.
There are no penalties for prepaying a bad credit auto loan. It is beneficial to pay off the loan sooner or on time.
The main qualifications for obtaining tenant loan with bad credit is to have bad credit in the first place. One can improve later from this by fixing their credit as they accept and pay off the loan.
A lot of creditors will not accept a co-sign from someone with no credit. They want proof that if the person who takes out the loan defaults, the co-signer will have the credit funds available to pay off the loan.
A co-signer is just as responsible for the auto loan as the signer is. If they did not pay then you were supposed to. That is what happens when people co-sign. The only way is to challenge the credit bureaus. You can get the directions from each of their websites.
Yes
No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.
PAY THE LOAN OFF. the loan NOT being paid was what damaged your credit so start rebuilding by paying it.