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.

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Answered on 2/05/07, 7:46 pm


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