My 18 yr old niece bought an old car for $4,000 with her dad as a co-signer on the loan. Two months later, the car's transmition went out. She still owes most of the loan. The car cannot be repaired. She wants to have good credit, but can't afford a different car while making payments on the one that doesn't run. If she stops making loan payments, how long will it take before her credit it restored?

Hello wants2help

Ok if she defaults on the loan it not only will affect her credit but her dad's as well Maybe her dad can help her out if not what will happen they will repo the car, sell it at auction
And if the amount they get doesn't satisify the loan she will have to pay the balance and then she will run the risk of having wages garnished and or bank accounts attached if she doe not pay Judgements can stay on her credit for 10 years and in some cases can be renewed