How Long Will it Take to Fix My Credit?

When you begin repairing your credit, you’re likely — and understandably — eager to expedite the process to see results.

Once you’ve identified that there are negative items on your credit that are pulling your score down, you want them gone and you want to see your score rise immediately.

The reality isn’t quite that simple, however.

how long does it take to fix credit

How Long Does Credit Repair Take?

The amount of time it takes to repair or rebuild credit depends on the severity of the items that are negatively affecting it. Simple things, such as inaccuracies like name misspellings, incorrect account balances, and duplicate or aging accounts can be removed within months. More serious items such as late payments and collection accounts that were correctly placed on your credit report will remain there for seven years.

How Long Does Credit Repair Take

Information of public record, such as bankruptcy filings can remain on your credit report for up to 10 years. And unpaid tax liens or student loan debt can stay on your credit indefinitely.

All of these factors combine to make the question of how long it will take to fix your credit a complex one. Still, the sooner you begin the process of repairing your credit and correcting the behaviors that have caused your score to suffer, such as making late payments, the sooner you’ll see improvement in your score.

Payment History is Key

Once you begin the credit repair process it is imperative that you make timely payments on all of your accounts. Payment history is the key factor in creditworthiness and consideration for most types of loans. If you’ve been delinquent on payments in the past, it is very important that you don’t make any additional late payments in order to start over and establish a positive payment history.

In addition to bringing any past-due accounts current, you’ll see a rise in your score faster by paying off outstanding debts altogether.

Check Your Credit Report

It’s also important to request your credit report from all three of the credit bureaus — Experian, Equifax, and TransUnion — because each of these bureaus will provide you with an explanation of the factors currently affecting your score.

So, once you’ve done all of these things, when can you expect to see positive changes in your score? By resolving errors such as those mentioned above, you can expect to see a rise in your score in as little as 60 days.

These issues can be resolved faster because the Fair Credit Reporting Act stipulates that the credit bureaus investigate any disputed items within 30 days of receiving a request, provided they have all of the necessary information to do so. Once an issue is resolved, it generally takes another 30 days for consumers to see a resulting bump in their score.

how fast is credit repair

For accurate negative items on your report the timeline to fix your credit is less definitive. As mentioned above, it comes down to diligence in monitoring your credit report via all three credit bureaus, paying off outstanding debts, and re-establishing a solid and timely payment history. Payment history requirements can differ from lender to lender, with some wishing to see a timely payment history for up to two years. You will most likely see your score improve by making timely payments and limiting your overall debt sooner than that, however.

If you are looking for assistance with repairing your credit, the best way to expedite the process and quickly see results is to work with a reputable, reliable and federally regulated credit repair company.

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Article Updated January 15, 2019

Posted in Credit Repair
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