<prompt> Human: Hi folks, my parents were having a tough time early last year and were going to lose their car. Seeing as this was the only mode of transportation they convinced me to help. I got a 1K loan for them that they agreed to pay off. Theyve been fine until this month and now Ive got a 30 Days late mark on my credit.Me and my parents arent on good terms and when I first started getting phone calls I contacted them just to get fussed out. I have to tell them, but until I have a long term plan Im avoiding it. Is there any way I can transfer this to their name? I would assume not. Also what can I do to get that and any accounts in collections off of my credit report? .Edit - I know it isnt a lot, but paying on a loan is something I cant afford at this very moment.  <response>: Cosigning a loan for anyone is usually a horrible idea. Doing it for family is double trouble. First things, I would make sure to hound your parents to make sure that this 30 day notice does not become a 60 day notice, or go to collections. A 30 day late payment once in a great blue moon might be something you can work with the original creditor regarding. Because you cosigned for the loan, or took the loan out and gave them the money youre on the hook for the payments. I would reach out to the lender and overcommunicate with them as much as possible. Let them know the situation and that you are doing what you can to make timely payments.The only way to get this debt entirely out of your name would be to refinance, and have only your parents names on the loan. Given the history you mentioned, Im not sure thats going to be likely to happen. Accounts that are in collections will be on your credit report if accurate for 7 12 years from date of first delinquency. There isnt really much that can be done to remove them from your report at this point. 