Hey all -- from the title and my obvious throwaway username, you've already guessed it. I (26f) was dumb. Super dumb. I was sitting next to my (really good, perhaps best) friend (25f) while she was trying to buy a car after she had totaled her previous one, and her credit alone wasn't enough to get a new (used) vehicle. I was like, "oh well, we'll be friends forever, right?" and cosigned. I already know it wasn't a good idea, so if we can stay away from the "well you shouldn't have cosigned" responses, that'd be great. If that would solve all of my problems, I wouldn't be posting, but here I am. For personal reasons that don't belong on this thread, I'm worried that she'll use our cosigned auto loan to further tank my already low credit score. Any options on how I can save my credit if she decides to be the worst kind of person?
So far, the account is still in good standing as she's been on time with every single one of her payments for the 15 months she's had the car. There's roughly $12,300 left on the loan, with a little less than 4 years, and if it matters, the monthly payment is $300.
Side note: i'm also writing a post for r/legaladvice to see what my legal options are. This post is specifically about how to potentially save my credit score should it come down to it, not for what my options are legally.
Submitted October 05, 2018 at 08:29AM by stupiddumbcosigner https://ift.tt/2y3aZjX
