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If you and your wife cosigned a loan for your daughter and her husband to buy a house and they made several late payments and it has since been sold and paid off how do you fix your credit?

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Wiki User
02/01/2007

Time is the best cure. The item will not have an impact on your credit report after 25 months from the date of payoff. Sorry. You may also do a letter of explanation, but since you signed on the debt it made you as liable as your daughter.