If you are paying bills on time, not opening new lines of credit and decreasing debt (student loans, etc), approximately how long would it take for your credit score to increase by about 100 points?
I know this is not exact, but is it closer to six months or two years?
Thanks!
An.Apple
Jin.
8 Comments
There is no way to know how much and how long it will take to increase your credit score. Just no approx. way to know at all. Just do all you can to straigthen out any negatives on your credit bureau report, continue to pay on time, and pay more than the minimum if you can, don’t go over the limit, no late fees, don’t use more than 30-40% of your credit limit, no inquiries, get a current credit bureau report to see your overall credit history record, so you can see where you stand. You already have a good handle on things, just look your report over and see if there is anything else you can improve, you’ll just have to wait and see. There is no rhyme or reason to how they score and how long it takes. So, just go for it.
My answer to you is never. Why?? I have read between the lines of your bad spending habits and that you do not pay your creditors. This is a personality problem that must be resolved within your self. When you finally recognize that you are messing up your future then you will finallly do something about your credit…
Start by cutting up your credit cards.
paying bills on time wont drastically change your credit score because essentially.. thats what we’re suppose to do
(well, unless you have been making a lot of late payments lately)
just make sure, if you have credit cards, that your available credit it more than half of your limit.. for example if your limit is $1000, you would want to keep your balance probably below $400…
but 100 points in 6 months is quite the feat.. you should check out the website.. it gives you ways you could improve your credit score..
hope i could help!
Are you smart enough to listen to some good advice from someone who’s been where you are? I’m betting you are because you’re seeking information on how to improve your credit score, which is a very smart thing to do. Maybe you’re hoping to buy a house one day and you know a higher credit score will not only