what rights do i have if a dealership put me as the primary

Submitted by lainekhoury on Sat, 05/29/2010 - 18:39
Forums

my girlfriend purchase a new vehicle and since she doesn't have much credit they asked for a co-signer. i agreed to co-sign. that was six days ago. i know realize that the dealership listed me as the primary on the loan not as a co-signer. what should i do?

Hi lainekhoury,

Welcome to this community :)

You can talk about this with the lender. Get an agreement in writing that you want your name removed as the primary holder.

Can I know whether or not you have any written proof that you were gong to get added as a co-signer? Didn't you sign any documents as a co-signer? If you have, and if the lender does not comply to your request to remove your name as the primary holder, you can file a complaint with the Federal Trade Commission, and the Better Business Bureau. You can also talk to an attorney for advice on this.

Thanks,

Aaron

Mon, 05/31/2010 - 07:53 Permalink