vsqueen,As a point of fact, co-signing a loan can positively affect your credit almost as much as it can hurt it. The fact that the OP's friend cosigned the loan is really not the problem. The problem is that his irresponsible daughter failed to make the payments on time. That little fact was omitted from the OP's post; but it can be clearly inferred from the Lexus dealer's statement about his FICO score.While cosigning a loan can theoretically be good for you, it rarely is. That's because if the person you're cosigning for was responsible with credit, they probably wouldn't need your signature in the first place. When asked to co-sign, your answer should always be no with a possible exception for a responsible spouse.- Joel
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