Quote:
Originally Posted by divine1966
I think people could only advice what they think is best or based on their experience. It’s hard to advice anything in regards to other people’s lives. Maybe others don’t care about credit? Weird.
Ruined credit is a big deal because it takes long to build it up. Heck it goes down by a lot every time you get a car loan/lease. Simply because you applied and takes a year to build it up, for that to drop again when you apply for a new loan. It’s a nightmarish cycle. And it’s for just applying. I bet you yours dropped when you co-signed too. I can imagine it drops crazy when you stop paying and you likely will deal with collection agencies. It is a big deal!!
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YES, It's a HUGE deal!!!!! I have to get my credit checked whenever I apply for a new apartment. If I want a loan sometime, the interest rate depends on my credit score! If I want another car lease, same thing! The interest totally depends on your credit score! And if my credit is shot, that means then that I need a co-signer for everything!!!!!
I was astounded that I got the reply I did. This was on one of my abuse forums on facebook.
Although one woman WAS helpful and said speak with a manager at the car lease company to see if he can start a new lease in HIS name.... she said she had been in car leases before and to demand to speak with a manager. So I will try that route. At least that was helpful. It may still not be possible, but I will see if I can at least talk to someone higher up.