How long does it take credit score to go up

how long does it take credit score to go up


Best Answer: Changes to your credit report happen almost immediately so -- if there are anythings that are going to raise your score likely they've already been reported.

When you're trying to build a solid credit score it's important to get a comprehensive view of what is actually effecting it.

Your Credit Score (also known as your MyFico score) is calculated with the following breakdown:

35% - Payment History

30% - Credit to Debt Ratio

15% - Credit History

10% - New Credit

10% - Credit Types in Use

I raised mine to well over 700 points fro 500 using these steps in less than a year --.

# Know and Track Your Credit Score (be sure to sign up for the free trial of your credit score tracking listed below. It really helped my get my score up.)

# Never Miss a Payment, Starting Today


Never use more than 20% of your Available Credit

# Keep Credit Cards that Have No Annual Fees Open For as Long as Possible

# Extend Your Credit Limit on Cards You Already Have before You Get New Ones

# Get Credit Cards that Have CashBack Rewards to Contribute to your Balance

# Transfer Your Balance to a Credit Card with a Lower Interest Rate and a Higher Available Credit-

# If You Think You Are Going to be FORCED to Pay a Bill Late Ask for an Extension or Payment Plan

# Take out a Small Personal Loan and Repay it Over a Year

# Ask Someone With Good Credit if They will Account Shadow you

Read more here from my blog.

10-Ways to Boost Your MyFico Score

Source(s): Also be sure to check out these resources to help you build, track and repair your score and report!


Category: Credit

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