Re: Never co-sign a loan. Never, ever ever.
03-05-2012 07:39 PM
Ouch on the co-sign. We all learn the hard way.
It sounds like the loan was with a credit union, right? Are you still a member there? If so, I would hope that serious groveling on your part (including making that last payment) might be enough to make them pull back the reported late.
Good luck! and keep us posted.
I'm hoping that the credit union will help me out, especially since I'm the co-signer not the primary on the loan. Somehow, she managed to stretch the loan out an extra year without penalty but she still managed to screw up the very last payment on it. The loan is now PIF, so I have that going for me. I'm sending out a GW letter in the morning and I'm going to call the CU in the afternoon to see if they can do something.
This is so frustrating, because my credit report would have been 100% clean by the end of the year and now this happens and I had absolutely no control over it. When I called my ex-gf to discuss it, she seemed completely unconcerned that she had just tanked my (and her) credit score.
Starting Score: TU: 566
Current Score: TU: 729 (Walmart FICO); EQ: 754 (MyFico) EX: 776 (FAKO)
Goal Score: 800
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