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Re: Never co-sign a loan. Never, ever ever.

I called the CU and they are giving me the same old BS that they "can't change what they report legally if they didn't make a mistake" and blah, blah, blah.  I escalated through two supervisors and they wouldn't budge.  I guess the next step is to try to contact their CEO and give them my story.  This is such a mess.  I am so angry I could just scream.


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Re: Never co-sign a loan. Never, ever ever.

@lithium,
I'd call back and say "I only cosigned for a 60 month loan". If she renegotiated terms or something else you should have been notified, IMO.

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Re: Never co-sign a loan. Never, ever ever.

If she only missed **one** payment I would surely ask the lender to remove the negative mark from your score.    Surely they will be kind once the situation is explained.  If they tell you no- keep asking.  35 points is massive!  Good luck to you!! 

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Re: Never co-sign a loan. Never, ever ever.


drkaje wrote:
@lithium,
I'd call back and say "I only cosigned for a 60 month loan". If she renegotiated terms or something else you should have been notified, IMO.

OK, I do like this one. Don't know if it will be successful, but it makes sense. It appears that she renegotiated the terms of the contract, and you weren't notified. Wouldn't that invalidate your liability?

 

Definitely worth following up on, IMO. With an endless, uncrackable smile and earnest good will. Bring mini Baby Ruths and Snickers bars for the tellers. :smileyhappy: Make it easy for them to back down, especially if their attorneys start clearing their throats.  :smileywink:

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Re: Never co-sign a loan. Never, ever ever.


haulingthescoreup wrote:

drkaje wrote:
@lithium,
I'd call back and say "I only cosigned for a 60 month loan". If she renegotiated terms or something else you should have been notified, IMO.

OK, I do like this one. Don't know if it will be successful, but it makes sense. It appears that she renegotiated the terms of the contract, and you weren't notified. Wouldn't that invalidate your liability?

 

Definitely worth following up on, IMO. With an endless, uncrackable smile and earnest good will. Bring mini Baby Ruths and Snickers bars for the tellers. :smileyhappy: Make it easy for them to back down, especially if their attorneys start clearing their throats.  :smileywink:


I'd show up with coffee and a smile.

 

That close to the finish line (of credit repair); I'd ask for a copy of the 72 month loan application.

 

If all else fails, I'd politely ask who their "contact person was for legal stuff, like documentation" so they feel a lawyer is calling.


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Re: Never co-sign a loan. Never, ever ever.

drkaje - +1000

 

I LOVE your answer!   That is pretty much what I would do!   There is a chance that it was originally a 72 month loan and the OP didn't realize it.  I had never heard of 72 month auto loans until I was helping someone out and read their contract.   They appeared "shocked" that it was a 72 month auto loan...but hey, maybe that person wasn't shocked.  Who knows?

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Re: Never co-sign a loan. Never, ever ever.


drkaje wrote:

haulingthescoreup wrote:

drkaje wrote:
@lithium,
I'd call back and say "I only cosigned for a 60 month loan". If she renegotiated terms or something else you should have been notified, IMO.

OK, I do like this one. Don't know if it will be successful, but it makes sense. It appears that she renegotiated the terms of the contract, and you weren't notified. Wouldn't that invalidate your liability?

 

Definitely worth following up on, IMO. With an endless, uncrackable smile and earnest good will. Bring mini Baby Ruths and Snickers bars for the tellers. :smileyhappy: Make it easy for them to back down, especially if their attorneys start clearing their throats.  :smileywink:


I'd show up with coffee and a smile.

 

That close to the finish line (of credit repair); I'd ask for a copy of the 72 month loan application.

 

If all else fails, I'd politely ask who their "contact person was for legal stuff, like documentation" so they feel a lawyer is calling.


Holy heck, this.

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Re: Never co-sign a loan. Never, ever ever.

I hope this all worked out!


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Re: Never co-sign a loan. Never, ever ever.


FrugalRican wrote:

drkaje wrote:

haulingthescoreup wrote:

drkaje wrote:
@lithium,
I'd call back and say "I only cosigned for a 60 month loan". If she renegotiated terms or something else you should have been notified, IMO.

OK, I do like this one. Don't know if it will be successful, but it makes sense. It appears that she renegotiated the terms of the contract, and you weren't notified. Wouldn't that invalidate your liability?

 

Definitely worth following up on, IMO. With an endless, uncrackable smile and earnest good will. Bring mini Baby Ruths and Snickers bars for the tellers. :smileyhappy: Make it easy for them to back down, especially if their attorneys start clearing their throats.  :smileywink:


I'd show up with coffee and a smile.

 

That close to the finish line (of credit repair); I'd ask for a copy of the 72 month loan application.

 

If all else fails, I'd politely ask who their "contact person was for legal stuff, like documentation" so they feel a lawyer is calling.


Holy heck, this.


OMG do this... awesome strategy :smileyhappy:  +500....

 

There is nothing like using fear to get what you want.


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Re: Never co-sign a loan. Never, ever ever.

After speaking with my ex again, she says that the credit union gave her the option of extending the auto loan by three months without penalty so she took advantage of that.  It had been a 72 month auto loan, but they extended it to 75 months.  She then missed the very last payment on the schedule by 30 days.  I told her that she could have contacted me if she needed money to make the last payment and she could have paid me back, but she decided to be irresponsible instead.  *sigh*

 

She's trying to get a goodwill adjustment on her end and I'm trying on my end, so maybe we'll be able to get something worked out.  I sent a letter, which I fully expect to be rejected.  When I get a response, I'll try contacting the CU's CEO.  This credit union seems to be very "by the book", so getting a GW adjustment is going to be extremely hard.


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