I co-signed on a vehicle with another person. It has been a year now and I want to be released. How?

Question:
i co-signed on a minivan from a dealership a year ago with another person. The car is not for me it is for the other person. I just helped her get the car. I was told that after 6 months my name could be removed. How do i get it off my credit report as well as dmv...any ideas?

Answers:

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Hi, You need to contact the finance company with the person you co-signed with. Explain you want out and have the contract rewritten with the other party only on the contract.

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the other person will need to refinace the car so that its only under hier name

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I have never heard of being released after 6 months, it has been my experience that when you co-sign for someone that you are responsible for the debt until it is paid by that person, if not then you will be held accountable..

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