The Motley Fool Discussion Boards

Previous Page

Relationships / The Wedding Chapel


Subject:  Re: To Wed, Flee, or Flounder? Date:  1/15/2009  12:23 PM
Author:  LurkyLurky Number:  1953 of 1961

will my credit get hit if she files?
she was a co-signer on a car note, now paid off and closed, 5 yrs ago...

I am not a lawyer or finance professional, and I'll be happy to be corrected by one of those if I'm wrong, but I don't see how on Earth her filing bankruptcy could have any effect on your credit. You cosigning a loan linked your finances together only for the purposes of that one loan. If the loan were not paid off, and if she were not paying it, you would have to pay it (sounds like you were the one paying that one off, anyway). You didn't form some greater financial link with her by cosigning a loan.
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us