Excluding monthly car payment from dti

[Rica Coney]

I have a question...

I co-signed last year with a relative of my on a car loan. I am listed as the primary borrower and she is listed as the co-borrower on the loan because my income was higher and my credit scores were higher. On the title my name is before hers but there is not a "and/or" in between. Georgia does not recognize that anyhow. Well, a few disputes later and now she has left the state with the car that we bought together.

She stopped answering any of my calls or texts after telling me that I have no choice but to wait to get my name off of the loan so that she can refinance on her own as she doesn't want another cosigner. Terrible person? Yes, but she wasn't always like that.

My question is since she has been making all of the payments on time and sometimes early (along with a few extra payments) since we got the car in June 2017 would I be able to apply for a mortgage and have that debt excluded after the 12 months have passed? The account is set up on auto pay from her bank account so there are no cancelled checks. We financed with Capital One so all of the payments are made through their app. I can see when the payments are pending and when they post. I'm sure I wouldn't be able to get her to send bank statements showing that the payments are coming out of her account as proof for a lender but would it be okay if I could show the lender my bank accounts (2-one for bills and the other for savings) to prove that they are not coming from my account?

Any advice or solutions is welcome and appreciated.

P.S. I PROMISE I have learned my lesson on cosigning for anything!

[Kyle J.]

The problem is you're still legally obligated to pay that debt if she doesn't, regardless of what your relative told you in her text messages.  After all, you are the primary borrower on the loan.