How long does it take to rebuild credit?

Question

Due to everything I’ve been missing payments on things which is greatly affecting my score. I even had a credit card closed because of it. I’m wondering how I can start to rebuild my credit. It’s low right now. Which is sad, but it is. How long does it typically take. Can anyone relate?

Answer

I can’t imagine companies reporting during this time. Are you sure it’s low because of that?  What kind of payments are you missing?  Lenders aren’t reporting.  Utility companies aren’t reporting.  Even my credit card company was giving leniency on payment.  Id call whomever you owe; don’t just let it go without acknowledging it.

Answer

Make your payments, google what helps your score more and prioritize those. And as far as how long it takes...I guess it depends on how far your score fell and how good you are gonna be consistently making payments

Answer

Your score will start to improve as soon as your making all your payments on time again (and have caught up on anything you’re behind on). Making above minimum payments and actually having balances get lower month over month is also a big factor.

Answer

It’s taken me years to fix my credit and build up my score and its still low. I’ve never missed a payment or anything, don’t have collections, only 1 credit card, but my score is still low. Many factors play apart in your credit score. So it just depends. I’ve been working on mine for 2-3 years and I’m just now almost at 700.

Answer

missing payments is a big part of your credit score, so it may take awhile. only spend small amounts on your card, something you can afford to pay back immediately

Answer

Also try not to cancel cards, it affects your credit score. Pay debt on time, don’t open new cards in the mean time. Try to keep debt on any cards to 30% or below. It’s going to take time. Or sucks, but it will feel good when it starts going up.

How long does it take to rebuild credit?

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