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Ok, long story short(and I posted a thread about this over a year ago so no need for backstory):
Back in 2009 I co-signed on a loan for my ex-wife. She does pay but pays whenever she feels like. It is reporting 180+ days late every month(only reports to EQ). It was holding my score down pretty good at first but now my score is starting to reach the lower mid-600's so I'm thinking that it's not affecting my credit report as much now as it did in the beginning.
So without reminding me that I should never co-sign for anything, can anyone tell me how this is being scored now, why is it (thankfully)having less impact on me?
As with anything else they age and with time affect you less. 180+ days late are the equivalent of a CO. Once you are hit with that initial one, the rest are more or less an update of when it first happened.