Legal Question in Credit and Debt Law in New Hampshire
Co-signing for a car loan
Approximately 18 months ago, I co-signed for my nephew to buy a car. His payments have been sporadic at best and tends to be continually late with his payment. Will this hurt my credit score?
Asked on 2/05/07, 7:24 pm
1 Answer from Attorneys
Re: Co-signing for a car loan
Short answer: Probably. You are jointly liable for the debt and the late payments can be reported against your credit report.
Answered on 2/05/07, 7:46 pm
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