This month I will pay off my final collection agency credit card bill-meaning I will owe nothing. My credit rating and history though is pretty bad-How long will it take for my credit to to'heal'?
2007-09-19 04:13:11 · 4 answers · asked by Anonymous in Business & Finance ➔ Credit
bdancer is correct as far as she goes.
The best and quickest way is to get a couple of credit cards and use them for everyday thing, be careful never to exceed 30% of your credit limit and pay in full every month before the due date.
2007-09-19 05:32:05 · answer #1 · answered by ? 7 · 0⤊ 0⤋
Hi,
It takes up to six months to show up on your credit score provided everything else is proper in the meantime. Check out http://financeguru.consumerspot.info for some useful info and tips on building credit score quickly. Good luck!
2007-09-19 11:20:08 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It will still show up as a negative account now in good standings , it may still take some time but why be in a hurry to get in the credit trap again..
2007-09-19 11:22:59 · answer #3 · answered by Insensitively Honest 5 · 1⤊ 0⤋
It takes 7 years from the date of delinquency for negatives to fall off your report. However, as delinquencies age, they have less impact on your score.
A 2 year consistent on time payment history will make a big improvement.
2007-09-19 11:22:26 · answer #4 · answered by bdancer222 7 · 0⤊ 0⤋