I recently discovered several errors on my credit report and paid of all remaining balances. I sent dispute letters and the errors/negative marks were deleted. Now I just need to find out how long it it will take for my score to go up.
2007-06-06 12:08:51 · 3 answers · asked by Jessica S 2 in Business & Finance ➔ Credit
Your score is a "snapshot" at one period of time. It is computed from what is on your credit report at the time the score is calculated. It does not look at anything that WAS on your report and is no longer there.
If you sent the dispute to the Credit Reporting Agency(TransUnion, Equifax, Experian) and they removed it. That is done as soon as they agree that it was an error.
If you sent the dispute to a creditor and they said they will correct it. You will have to wait until the creditor sends updates. This is usually at least once a month, but depending on when you sent the dispute it might be a couple of months if you are between their updates.
2007-06-06 13:43:13 · answer #1 · answered by OC1999 7 · 1⤊ 0⤋
Usually reports are updated every 30 days so look at 30-60 days dependent upon the time of the month they where submitted and verified
2007-06-06 12:12:26 · answer #2 · answered by Pengy 7 · 0⤊ 0⤋
You are responsible for building it back up.Errors even once removed affect your rating until you build it back up.Lease a car.Buy furniture on a payment plan.Make purchases with your card and pay the balance before it's due.
2007-06-06 12:18:33 · answer #3 · answered by dymond 6 · 0⤊ 1⤋