How fast does credit score improve and by how much?
i currently have 499 credit score and that's because i stayed behind on some car and credit card payments. i currently owe 4k total in 2 credit cards and 2k on my car payment. if i was to pay it all off within a week (i have the money) how much will my credit score improve? and after how long can i buy something (either a house or car)? do i have to wait for years, months?
Public Comments
- your score might improve by 50 points at the most. it will probably take you 2 years to get the credit score above the 650 range.
- you will get some improvement but not much. the scores will come up over time with ON time payments and keeping the c/c balance well below 30% of the limit at all times so if doing this 1 year at least I am a mortgage banker in TN & KY
- Personal experience, 2 years and 100 points. Don't close those credit accounts, you need a long credit history, keep those balances low 2 credit cards and a car payment showing paid should boost you enough to qualify in a few years.
- Сredit repair workеd fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service - creditreport.undonet.com
