How long does it take to get a credit score up? Everyone knows the importance of having a good credit score.
From qualifying for the best rates on home and auto loans, to even obtaining employment.
Knowing this, a lot of people wonder how long does it take to get a credit score up. This depends on a few things, such as your current credit history, and what (if any) negatives are on your credit report.
Get your credit scores. Once you get your credit report and scores from the 3 major credit bureaus, you will know what your starting point is.
If you have unpaid bills or bills in collections, you should try and negotiate with the creditors for a “pay for delete”.
This will remove the bad mark on your profile. Generally, this will raise your score significantly, within a few months, depending on how quickly the creditor reports to the bureau.
Removing wrong derogatory remarks will help greatly in raising your credit score. When you have unpaid balances in collections or overdue, your score is taking a major hit.
If they are not legitimate, you should contact the company that made the mark on your credit, as well as the bureaus.
Do this in writing and keep copies of paperwork. This can raise your score within a month if they act quickly in removing the wrong information.
Getting credit can be the quickest way to raise your score if you do not have any credit currently.
Many people simply have no credit established, which is basically like having bad credit.
What you would want to do is
sign up for a secured credit card. This will allow you to deposit money to the credit card and use the card up to how much money you deposited.
If you do this for 9-12 months, you usually will have a greatly increased credit score. Enabling you to either apply for an unsecured card, or convert your secured card into unsecured.
It will depend on every unique situation to answer the question how long does it take to get a credit score up.
Unfortunately, it is a slow process most times. It should be noted, when trying to raise your credit score, do not make the mistake of closing old accounts.
Old accounts that are paid up to date help your score. Basically you want to have long relationships with bank and credit card companies showing a good payment history.
Good credit along with your credit score is a major part of your life. Many people do not realize that even without a credit card, their credit score can actually still be affected.
The electric company, gas company, cell phone company, doctors and dentist all report to the credit bureaus when you fail to pay your bills.
Your local library now reports to credit bureaus. Their books cost money and in order to get the money back for the book you failed to return, they now have debt collectors call you as well as report the lost money to credit bureaus.
As you see, even the small things that you may not have thought mattered actually do matter. Good credit extends beyond credit cards; it encompasses everything that you do as a whole.