No you cannot remove a repossession off your credit report if your cosigner has a judgement on the repossession.
You present proof that the repossession never occured. You can dispute it with the credit reporting agency.
A cosigner cannot simply remove their name from the contract. The cosigner is obligated equally with the primary borrower until the loan is paid. A cosigner's credit history will be affected, hopefully in a positive way.
Nothing. The only option for being remove as a cosigner is to have the original loan refinanced without the cosigner participating.
No, a BK does NOT remove negative items in credit reports.
The fact that you have a repossession on your credit report is not a determining factor of whether your can file for bankruptcy. Generally in bankruptcy you can remove the debts from the repossession of your vehicle.
The credit bureaus and the original creditor that filed the judgment are the only ones that can remove it. You can contact the original creditor and try to negotiate removal of the judgment upon payment. You can also dispute the judgment to the credit bureaus and they have 30 days to verify the judgment or it must be removed from your credit report.
Refinancing in your name, if you have credit, is one easy way to do this.
The cosigner's credit isn't affected one ioto unless the person who was responsible for the loan payments defaulted, then and if the cosigner also defaulted. In other words, just being a cosigner does not affect ones credit ratings.
Contest the judgment through the three major credit reporting bureaus. They will contact the party and either verify that it was paid off and remove it or if they do not hear back with 20 days they will remove it from your credit report.
File a motion to vacate based on that fact. After the judgment is entered there is a SOL for filing that motion.