How long to repair credit

By The CreditConsultant on January 22, 2011 In Finance

One question most credit experts typically get is how long does it take to repair credit? While this question does not have a definitive answer – each person’s record has different elements — there are steps you can take to make a gradual positive improvement to repair credit. Remember that most financial lenders look at the most recent history on your report.

Thus, losing your job and being unable to pay bills in recent months will cause an effect on your report. By starting today to pay down debts and fix any delinquent accounts, you should see a dramatic increase in your credit score within a few months to three years. The fewer negative items or late records you have on your account, the faster your financial score will improve.

Also, limit the number of inquiries you have on your account by lenders during this time period. (The more there are of these, the bigger the negative impact on your score.) In addition, many negative items fall off of your records within seven to ten years. By simply waiting for items that you cannot fix personally to come off, your credit score will increase.

While there is no exact time frame on how long it takes to repair credit, it is not something that you should expect to happen within days and/or weeks. Instead, have patience, make your payments on time each month, and take positive steps to pay down any debt from the past that may be on your credit record. Now that you are empowered with new information, go out there and restore your credit, and get the things you want in life.

Mark Clayborne is a Certified Credit Consultant with ten years of experience assisting consumers with credit issues. For more powerful secrets on credit repair, debt settlement, stopping collectors, rebuilding your credit, and raising your score, please read the first chapter of The Credit Repair EBook for Free and get a Free Restore your Credit E-class at