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How Long Will My Son’s Car Loan Hurt My Credit? – Merrilyn

“Dear Steve,

I co signed for a GMAc loan for my son and he was late on the payment several times. We have since pd the car off. How long will this hurt MY credit?


Dear Merrilyn,

A negative entry on a credit report can appear for 7.5 years from the date it was first reported delinquent.

However, the more time that passes the less weight it will carry. Also, if you have other good credit reported about you currently it will help to minimize the impact of that negative experience.

Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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