Hi, I made a terrible mistake, I decided to take out a car loan for my now ex boyfriend. It is a mistake because it is a big loan, for a luxury car. Now that we are over, I would like to cut all ties but I cannot afford this loan payment monthly. I have perfect credit and have worked very hard to save a bit of money. I was thinking of returning the car to a car dealership (at a major loss) and then just defaulting on the leftover of the car loan... Unfortunately my ex hasn't taken good care of it so if I sell it privately, I will also lose much money. This does sound irresponsible but seems for now the only viable solution. What will the impact be on my credit rating (Which is now at 9.3)? Thank you so much.