Car loan co-signing question

[woods_29]

Hi, Last year I helped out a friend by signing for a car loan for him cause he just got out of bankruptcy and a car was truly his line between work and no work. At the dealership they put the loan in my name with him as co-signer but his name is on the vehicle ownership and he pays the bill of course. My problem now is that my credit is now crippled for the next 5 yrs until his car loan and my car loan is paid off. i did a good job of rebuilding my credit after my own bankruptcy 4 yrs ago, good enough to get a 2000$ card 15000$ car for me and 30000$ car for my friend. but now I want to get a loan to take a course at school, only 3000$ but banks say my TDSR is way too high. Im screwed.
The final question is ... Is there a way I can go about removing myself from the loan? (keep in mind I own the loan not the actual collateral) even if it will affect my friend

Thx in adv.What is the name of your state?

[racer72]

Your only options are to pay off the loan or convince your friend to find his own financing to take over the loan.