how long does it to take to see an increase in my credit score?

Answer 1

As a former financial counselor, this is a common question that we heard repeatedly. Lenders are supposed to report to the credit bureaus monthly, and most do. Except they are not required, so at times they may report changes bi-monthly or even quarterly, depending on the creditor. If for example you paid off a balance, and you expect to see a change right away, I would be patient because you may not see any significant changes for some time.

Research indicates that, for the most part, FICO scores are pretty stable from one month to the next, however, changes in your credit behavior can significantly impact your FICO score over time. The degree of change in score is driven by a variety of factors such as:

(1) Your current credit profile. How you have managed your credit to date will affect how a particular action may impact your score. For example, new information on a credit report, such as opening a new credit account, is more likely to have a larger impact on a consumer with limited credit history compared to a consumer with a very full credit history.
(2) The change being reported. The “degree” of change being reported will have an impact. For example, if someone who usually pays bills on-time continues to do so - a positive action - then there will likely be only a small impact on the score one month later. On the other hand, if this same person files for bankruptcy or misses a payment, then there will most likely be a substantial impact on the score one month later.
(3) How quickly information is updated. Remember, there is sometimes a time lag between when you perform an action (like paying off your credit balance in full) and when it is reported by the creditor to the credit bureau.
Still, small changes in score can be important for some consumers who want to obtain a certain FICO score level or who are striving to reach a certain lender’s FICO score “cutoff” (the point above which a lender would accept a new application for credit, but below which, the credit application would be denied).

Regardless of your situation, the rule of thumb is 6 months. If you know that there should be a change in your credit score, and you do not see it by 6 months, then you may have to contact the creditor to make sure they are reporting to the bureau in a timely fashion. Good luck with your situation!

Answer 2

You probably won't see an increase until 6 months after you open any new credit line. So for each item you pay on time it usually takes 6 months to show up. Some things can take up to a year(usually this is mortgages)

However, be 30 days late and it could show up the very next month.

Answer 3

Depends on if and when the Creditors post the Credit.

Answer 4

About a month,if your payments are recorded monthly.
when i was getting ready to purchase my home i watched everyday to make sure when i made a payment it was put in on time with the company i was paying.
Stay on top of payments.

Answer 5

maybe a year or less like 6 months or so.... i'm not really sure