How long until my credit score improves?

Question

I had fallen behind on CC bills and had lots of problems in college. Still playing catch up so I tried getting a consolidation loan and got denied. . . How long does it take for my credit to improve once I get on top of all my bills?

Answer 1

any late payments or closed accounts will stay on the credit report for seven years. As long as you keep up with the payments the credit score will go up a few points each month.

Answer 2

Hmmm... Well consolidating your bills is one way but as you said you were denied. What you can do is contact your bill collectors and tell them you will pay below the minimum constantly paying over time or you can pay the minimum so that you won't be bombarded with collection agencies all the time. As for your college loans pay them the minimum or at least some every time... it's better to pay then to not pay at all... Every cent does count .. To get out of debt is hard but your credit should improve in 5-7 years. Always stay in top of your credit; make sure you skim your credit report every yearly or 2 years making sure whats on there is on there and any questionable liability-call that agency to verify. Hope that helps. :)

Answer 3

Hello Coleen,

Why were you denied for consoidation?

I work with Student Aid Lending, we are a nationwide lender administed by the department of Education (We have a title IV license)

YOU WILL QUALIFY NO MATTER WHAT!!

I have been doing this for a long time, adn there is no reason you should be denied for aconsolidation.. You are juse not going through the right lender..

Take a lok at my yahoo 360 profile.. You can find alot of information about student loans and also direct links to my companies website...

http://360.yahoo.com/my_profile-hluduhmi...


Feel free to call or email me and i can process the entire consolidation for you in just 10 minutes over the phone..

I hope this helps, and again, do not hesitate to call or email me with any additional questions!

Jason Fry
Student Aid Lending
800-964-0642 ext 114
[e-mail]

Answer 4

Your scores will start going up about 3-6 months after you get caught up but it will be a slow process; your score doesn't come back up anywhere near as quickly as it goes down. You should plan on having decent credit in about 12-24 months if you make regular payments and get out of so much debt but you won't have really good credit for at least 7 years, till the delinquent marks expire.

Answer 5

Try to get a credit check yourself, ask what company they asked for your credit history, then contact them