When will my credit score improve?

If I had credit card debt, some that went to collections, some did not get that far, and took care of it all (i. e. paid all accounts/debts in full)--when will my credit score be updated? Does it improve every month until it is erased in 7 years? Please explain.

When will my credit score improve?

It will probably take 18-24 months of on-time payments to your current debt in order for a significant score increase to happen. The fact that you had cards go to collections means that the original creditor has reported negative information on your credit report. This negative information won%26#039;t fall off until 7 years after the charge off date (which is typically 6 months after the first missed payment).

When will my credit score improve?

You will get a little boost after paying the debt but the return to good credit will be over a bit of time as the bad ages.

Added: the charge off date has NOTHING to do with when the bad falls off. And it is 7 years 180 days after date of first delinquency and that can be months if not a year difference in the charge off date.

When will my credit score improve?

You just answered your own question. As you keep paying on time, you get a monthly uptick on your credit rating. So anything that will drop off in 7 years will still be there, such as your collections, garnishments, etc. They will be offset by a positive record of paying cards and debts on time.

I had a bk almost 10 years ago. My monthly on time payments eventually offset the bk, and my score is over 700.

When will my credit score improve?

The best way to improve ur score is to increase the amount of credit available to you.

Get credit cards, apply for loans, pay them off, and then ask them to increase your credit limit or the loan your getting from them. Do this continuously.

As these accounts age w/o late payments, your score will increase.

Try to get at least 3 trade lines $1,000 or more each revolving for 24 mos. It is a part of the minimum requirements most banks have when applying for a mortgage.

Oh...and a trade line is just something that is reported continuously on your credit, such as a credit card or car loan.

There are little tricks u can use to manipulate the score here and there, but u don%26#039;t need to know them. Just follow my advice!

When will my credit score improve?

Congrats on paying your stuff off.

I am sure I speak for everyone on here in saying I am soo happy for you.

As it stands now the credit card companies had a knife in your back...you pulled the knife out by making the payments, the next step is for the wound to heal.....

In the meantime you can start off slow. If you have any open accounts, make a small charge on it once per year to keep it active...when I say small, i mean really small (salad at mcdonald%26#039;s small) and pay it off each month BEFORE it%26#039;s due

Your credit should increase signifigantly since your debt it paid off completely and you are now using your credit wisely.

GOOD LUCK TO YOU

When will my credit score improve?

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Good luck!