Time to Improve

AO

That will depends on hoow is yoru credit today and how you will be able to make payments to yoru lender as commited in the future

Lot of factors goes in to your credit score.

Not only your history of payment ( If you have any defult in the last 7 years), but facotrs like how mcuh of your credit you are using, how mnay new accoutns you open and how long is yoru credit history

So it will different for different people, but 1 year is good time to reach soem decent number

Hi AO!

Welcome to forums!

As far as I know, there is no such specific time required to improve your credit score. It depends on the fact as to how much you want to improve your credit score. If you want to improve your credit score by a few points, then a month's time is enough to do so. If you want to improve your credit score by around 150-200 points, then definitely. it would take a longer period of time. Check out the given page to know some steps to improve your credit score:
http://www.mortgagefit.com/credit-rating/credit-repair.html

Feel free to ask if you've further queries.

Sussane

Ao what is your current score and what you want to get iut to?

the fastest way to improve a credit score is to pay down debt - reduce your balances to as low as you are able. it doesn't take a year to improve a score; every step you take that is favorable will help every month...if you need a big change in scores, it can certainly take a year or more. i had a borrower of mine go from about 480 to a bit over 600 in 13 months, and she bought and closed on a loan right after that.

how long depends on how bad, in all honesty.

Very good suggestion and very inspring story for others to get some kick to start

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i think you should look at your current conditions.What is your current credit score? How much you want to reach? These are two important questions.

Please decide that then go ahead.But definately you can improve credit score.1 year will be sufficient but it depends on your current credit score.

sunnyca ,

Anyone can improve credit score.
Its not a big task, not a big deal.
Its easy task.

easier said than done, however. most people fall into a slump that lasts for years, and they often feel like they're never going to get out of their credit problems. unfortunately for many, it's a learned behavior that is so difficult to overcome. what it takes is desire, planning, perseverance and (of course) the ability to take care of what's gone wrong in the past while maintaining for the present and the future.

that was my comment immediately proceeding.

millerja

Thats correct any one canimprove thier credit score

But how easy it is will depend on howthe indiviaul can handle it

It needs some discipline and patience

And willingness to pay the bills on time and keepign the commitment to pay the loans taken

If they can floow that, then it is easy to improve credit score

As George said it is easier said than done

will power, good budgeting advice and more often than not a lot of self honesty are the starting places to get your credit up to where you want it to be.

take a long and honest look at why you are in the position you are in, take a look at your bank statements and credit card bills - what are you actually spending your money one, of that how much is luxury (honestly) and how much necessity?

good budgeting and credit habbits are just that - habbits. it can be hard to break habbits that have developed over years, but it can be done.

i read a book once "the richest man in babylon" simple, easy to read but it made good sense. tells the story of a guy saddled with debt and impossible circumstances, but learns to come through it. i recomend it, its'probably inm most libraries so you don't even have to buy it.

slow and steady does win the race. that and being smart. find out what you're options are. can you get a debt connsolidation loan, would one help you? are things so dire that debt settlement is the best way to go? can you refinance your home loan and free up some cash to pay off your high interest debt? could you find a way to earn a little more?

the light at the end of the tunnel might seem like a long way away, but it's probably a lot closer than you think, provided you get into good habbits.

I am at 630 and was not able to refi since major bank had minimum of 660. i am trying to figure out how quickly I can move the score up by 30 points so I can apply again.

AO

You can try to apply for FHA loan, but if you cna wait you cna absolutely work on your score

All you need to be is consistanet and make payments on time and reduce the amoutn of debt

Good luck. Nothing is hard to achiev when you make up your mind

AO,

for fha min credit score req is 620. you can qualify for it provided you are meeting other requirements of fha