Comments on: How long will it take to get better credit? http://creditconnectpro.com/how-long-will-it-take-to-get-better-credit/421/ Free Credit and Debt Information Fri, 18 May 2012 15:46:47 +0000 http://wordpress.org/?v=2.7 hourly 1 By: cristiandeidaho http://creditconnectpro.com/how-long-will-it-take-to-get-better-credit/421/comment-page-1/#comment-981 cristiandeidaho Thu, 07 May 2009 14:39:44 +0000 http://creditconnectpro.com/how-long-will-it-take-to-get-better-credit/421/#comment-981 I had 4 collection accounts 1 credit card and 1 car loan. My score was 586. After 1)paying off my credit card 2) paying my car loan down from $7800 to $400 3) paying off all my collections and finally 4) opened a new secured visa card with a $3000 limit my score jumped from 586 to 655, after 4 weeks. I had 4 collection accounts 1 credit card and 1 car loan. My score was 586. After
1)paying off my credit card
2) paying my car loan down from $7800 to $400
3) paying off all my collections
and finally
4) opened a new secured visa card with a $3000 limit
my score jumped from 586 to 655, after 4 weeks.

]]> By: Anjell http://creditconnectpro.com/how-long-will-it-take-to-get-better-credit/421/comment-page-1/#comment-980 Anjell Wed, 06 May 2009 07:08:13 +0000 http://creditconnectpro.com/how-long-will-it-take-to-get-better-credit/421/#comment-980 I hope you negotiated "pay for deletes" for the stuff you recently paid off. Not that I'm sure that it'll work but try and contact the creditors and see if they're willing to delete the negative account from your credit report now that's it's paid. It takes about 1-2 years for credit scores to repair themselves. What you need to do is not apply for any unsecured credit whatsoever. In the event that you have lines of credit or credit cards, use sparingly and always pay in full and on time. It is imperative that you show 2 years of solid positive repayment history for the best mortgage rates. I hope you negotiated “pay for deletes” for the stuff you recently paid off. Not that I’m sure that it’ll work but try and contact the creditors and see if they’re willing to delete the negative account from your credit report now that’s it’s paid. It takes about 1-2 years for credit scores to repair themselves. What you need to do is not apply for any unsecured credit whatsoever. In the event that you have lines of credit or credit cards, use sparingly and always pay in full and on time.
It is imperative that you show 2 years of solid positive repayment history for the best mortgage rates.

]]> By: Sophie B http://creditconnectpro.com/how-long-will-it-take-to-get-better-credit/421/comment-page-1/#comment-979 Sophie B Mon, 04 May 2009 14:41:37 +0000 http://creditconnectpro.com/how-long-will-it-take-to-get-better-credit/421/#comment-979 What effects your credit score isn't how much you owe, but how you pay your bills.... Always pay on time, never late, never ever miss payment. Charge things to your credit card, pay the payments until they are done....don't pay off things early.... consistency is what they look for... Don't worry about your credit score, use your two years to save up for a large down payment.... 20% ( 20000 on 100000) down will buy you a house.... What effects your credit score isn’t how much you owe, but how you pay your bills….

Always pay on time, never late, never ever miss payment.
Charge things to your credit card, pay the payments until they are done….don’t pay off things early….
consistency is what they look for…

Don’t worry about your credit score, use your two years to save up for a large down payment…. 20% ( 20000 on 100000) down will buy you a house….

]]> By: bdancer222 http://creditconnectpro.com/how-long-will-it-take-to-get-better-credit/421/comment-page-1/#comment-978 bdancer222 Fri, 01 May 2009 05:53:56 +0000 http://creditconnectpro.com/how-long-will-it-take-to-get-better-credit/421/#comment-978 You will at least 24 months of consistent,on time payment to see any improvement in your score. I doubt your score will be high enough to qualify for a mortgage in only two years. Experts recommend that you have 3 or 4 revolving tradelines and 2 installment loans to get the best mix for the best score. You may want to get another credit card. Use both credit cards every month and pay them in full each month. This will help build a good payment history. You should also put a set amount in a savings account each payday toward a downpayment. You will at least 24 months of consistent,on time payment to see any improvement in your score. I doubt your score will be high enough to qualify for a mortgage in only two years.

Experts recommend that you have 3 or 4 revolving tradelines and 2 installment loans to get the best mix for the best score. You may want to get another credit card. Use both credit cards every month and pay them in full each month. This will help build a good payment history.

You should also put a set amount in a savings account each payday toward a downpayment.

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