Thursday, August 6, 2009

How long will it take my credit score to improve?

i have a car loan 2 credit cards and a secured loan and a score of 594 with fico how long will it take to improve my score i pay on time every month not being late.



How long will it take my credit score to improve?

If you continue to pay all your bills on time your credit score will continue to improve monthly. I would guess that within a year, by doing nothing, you should easily have a credit score around 650. However, there are a lot of factors involved in calculating a credit score so it is really impossible to tell. GOOD LUCK



How long will it take my credit score to improve?

To see any real change you will have to wait until you have at least 12-18 payments on all of your loans paid as agreed.



To build a good credit score/profile take several years and only a couple of monthe to trash.



How long will it take my credit score to improve?

Your credit score is something everyone uses, but no one seems to know how it is calculated. Some of the things that affects your score is your current debt ratio. Your score will be higher if your credit card debt is less than 25% of your available credit. Having a high debt ratio can hurt your score. They look at how long you have had your credit and how long since any derogatory information was reported. It generally takes a few months before scores go up, but they can vary from month to month. You may want to subscribe to one of the credit monitoring services, such as Equifax. They will alert you to any changes in your score as well as any inquiries. Applying for too much credit can harm your rating if done within a short period of time. It only takes a short while to mess up your credit but only time will make it better. It could take from a few months to a couple of years to see major improvement in your score. Don%26#039;t get discouraged. Time will take care of things as long as you continue to make scheduled monthly payments on time.



How long will it take my credit score to improve?

if everything is timely and balanced it should take 1 year while u see some serious results. but what u have is a very good combination of accounts to have for building credit.

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