Repair Credit Score

Question: I am a co-buyer on a car loan.Can I refinance the loan to a diff institution and remove the primary buyer?

If its possible what are my choices if I have a good to excellent Credit Score from the 3 credit reporting agencies. What are the steps to take to make me the only one responsible for the loan. The thing I asked is because I have a high interest rate from the loan mainly because I was just starting out before without a credit history and the primary buyer I asked to help me has only a fair Credit Score.

Answer: You can do that easily. You must create a new loan and pay the associated fees, they won't just take the other person off. Just go to your bank or credit union and apply for a new loan, tell you want to pay off the high rate loan. But is the other person on the car title? You will need them to sign off on that.

Senator Mark Udall Introduces the Fair Access to Credit Scores Act