How quickly does your credit score go up?

posted 3 years ago in Money
Post # 3
Member
1184 posts
Bumble bee
  • Wedding: February 2014

Eh, not very quickly.  It can take a few years to make significant strides, especially if you’re recovering from bad credit or building credit.

Post # 4
Member
9412 posts
Buzzing Beekeeper

@LadyBlackheart:  Usually 6 months, provided there are no issues, i.e. late/missed payments.

ETA: that is to see a minimal change. You won’t go from 400 to 700 in 6 months, but you can gain a few points.

Post # 5
Member
1184 posts
Bumble bee
  • Wedding: February 2014

Your cell phone and rent aren’t on your credit report, though.

Post # 6
Member
2527 posts
Sugar bee
  • Wedding: December 2011

@stuckinwonderland:  +1

 

those have never been on my credit report. my DH fell on some bad times before we met and stopped paying his cell phone and that went on his credit report as delinquint. it doesn’t seem to show up if it’s in good standing though.

 

OP, i love credit karma! i love that i can keep track of my score for free. it does take some time for your score to improve though. at least a few months of on time payments and even then it won’t go up by much.

 

Post # 7
Member
11740 posts
Sugar Beekeeper
  • Wedding: November 1999

Not very quickly – and a lot of checks for what your score is over a shorter period of time will actually make it go down.

Post # 8
Member
11772 posts
Sugar Beekeeper
  • Wedding: May 2013

I saw mine go up in 3 months, but only 7 points. It takes a while to fix a messed-up credit score, unfortunately!

Post # 10
Member
1184 posts
Bumble bee
  • Wedding: February 2014

@LadyBlackheart:  Let me put it to you like this… I screwed up my credit in my early 20s.  I’m now 32.  I don’t even *have* anything on my credit report anymore and my score is still garbage.  It’s around 600.  It’s been like that for years.  Granted, I have nothing in my name because after I screwed up I refused to take out a loan again, so my car and everything is all paid in cash.  

I’ve never had a problem getting a rental.  Most landlords usually just want to make sure you aren’ tbeing sued, don’t have tons of debt, can pay your rent, etc.  

 

Post # 11
Member
11300 posts
Sugar Beekeeper
  • Wedding: August 2013

@abbie017:  Not when you pull your own credit.

OP, sadly, it goes up VERY slowly. Unfortunately, good payments on things like your cell phone, rent, and car insurance do not go on your report, but they do if you miss them. Mine dropped like 30 points in March for some reason (literally nothing changed), and has come back up maybe 5. I have three credit cards, a Target card, and a car loan that I pay on every month, as well as on time payments on rent, car insurance, etc.

Post # 12
Member
11740 posts
Sugar Beekeeper
  • Wedding: November 1999

@stuckinwonderland:  Agreed – my current property managers (a large management company) didn’t even check our credit.  They just asked for copies of paystubs to see how much we made, and DH didn’t even have that at the time since he had just graduated from law school the week before and hadn’t started working yet.  OP, I’m sure you’ll be able to get an apartment.

 @vorpalette:  Interesting – I was always told after the once a year time frame was for both score checking and getting credit reports, and after that, it hurt you. Regardless, there’s no need to check every week because it’s not going to go up that fast!

Post # 13
Member
3570 posts
Sugar bee
  • Wedding: September 2011

After losing an apartment a few years ago due to low credit, I pay monthly to track mine.  It takes a LONG TIME!   Mine has gone up around 50 points, but it has taken four years of hard work, and it’s still not a great score. 

Post # 14
Member
10494 posts
Sugar Beekeeper
  • Wedding: January 2011

@LadyBlackheart:  Get a credit card, that will help if you use it responsibly.  Even a secured card should help you build up your history.  I don’t know how quickly it will work.

Post # 15
Member
3633 posts
Sugar bee
  • Wedding: June 2012

I think it depends. In less than a year, my score went up about 80 points. I’ve always paid my bills on time but this time, I paid off a low CC (about $600 or so) and then made huge payments on the other two and brought one down about 50% of the original amount and about 25% off of the other. I also have been paying down my car consistently, so that amount went down too. I also paid my student loans consistently, but my loans are so huge that the dent is rather minute.

Post # 16
Member
540 posts
Busy bee

I recommend getting a credit card, and just use it once a month, say for gas only, and pay it off in full every month, will help build your credit faster, but expect it to take a few months to a year.

Also if you have any deliquent unresolved accounts on your credit report, contact the company, find out the pay off amount, and start paying them off one at a time.

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