How long does it take to rebuild credit?
Carme V asked:
I just recently paid off all my past credit card debt. I paid off one student loan (expect the interest) and i have one student loan still active. I noticed my credit score went up, but i am still being denied. How long does it take to completely clear off my debt and how soon should i apply for credit so i can “rebuild” my credit. And do bad credit ever go away?
I just recently paid off all my past credit card debt. I paid off one student loan (expect the interest) and i have one student loan still active. I noticed my credit score went up, but i am still being denied. How long does it take to completely clear off my debt and how soon should i apply for credit so i can “rebuild” my credit. And do bad credit ever go away?
you may want to get a copy of your report and see if there are some other negative factors effecting your report such as address, birthday, number of accounts open vs accounts in good standing, length of accounts, number of inquiries, etc. credit generally takes years to rebuild once it is messed up try for more info
you are on the right track keep on keeping on so to say and yes there is life at the end of the tunnel. It will take some time to ge your scores way up and get approvals so hang in there it will happen for you
usually, bad marx stay on yer report 7 yrs. however, u CAN write the credit bureaus, & in the mailing, u want 2 show proof of pmt (copy yer receipts) & then on the copies, check yer credit report & get the acct #’s & then @ the bottom of the pg u put yer SS# & specify this mailing is an UPDATE 4 acct # (whatever the # is) it’s best if u were 2 have the pmts auto drafted from a temp. savings acct so when u get the printout from the bank, there’s more proof that u pd. there’d B a confirmation # 4 online pmts; (write this down) & include this when writing 2 credit bureaus
If you are getting denied by credit there are a couple of ways to can speed up the 7 year curse that the credit bureau puts on you here is a really good document that is worth your time reading, it explains the ins and out of credit
Yes Credit card score is one that can affect your application to other credit card but stop worrying on it Smart Credit Card is the solution to your problem they offer good and great deal on credit card you can also get instant cards.
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You can make it go away and take steps to enhance your credit profile. I would recommend 2 things: 1) a very low cost credit repair program to try to have the negative items removed. 2) I would add a tradeline program to boost your score quickly (60 days or quite possibly less). A friend in California used this and got a 120 point bump from 560 to 680. My friend in California went through and called their toll free# or filled out the free evaluation form to get the ball rolling. Good luck.