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Home > Money & Services > Real Estate   »   Getting out of a co-signed lease

 
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Old Oct 5, 2006, 07:32 PM
solarize00
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Getting out of a co-signed lease

About 5 years ago I lived with a friend of mine and we signed a year lease for an apartment. We were only there for a couple of months before she accidentally got pregnant and we could no longer live there. She assured me that she would take care of the penalty fee for breaking the lease but when I got my credit report, I found out that it's still on my credit and that she hadn't done anything at all. Is there anything I can do to get out of this mess? Anything that she can do? Any advice would be greatly appreciated. Thank you.

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Old Oct 6, 2006, 04:43 AM   #2  
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Sorry to bear the bad news, but getting that debt satisfied is the only real way to do it. Is the friend still a friend? Do you have anything in writing proving that she agreed to take care of it? If yes to the first, contact her about it and see if she'll pay it. If yes to the second, you could take her to small claims court (if the amount is within the small claims limit in your area).

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solarize00 agrees: Thanks for your help ... and the statue of limitations is an interesting idea. It has been over 5 years.
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Old Oct 6, 2006, 04:46 AM   #3  
ScottGem
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You might check on the statue of limitations. It may be something that might fall off the credit report soon. Talk to the credit reporting agency and ask what they would need to remove the notation.

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solarize00 agrees: Thanks for your help ... I figured as much. I can try to get it in writing and have her pay it off. Just needed to know where I stood so thanks for letting me know.
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