Having a low credit score can put many of your life goals on hold. When you need good credit to get a car, rent an apartment, or buy a house, it may feel like you’re stuck waiting for negative reporting to fall off your credit score. In fact, you may be wondering if you will ever be able to get the credit score you need to live the life you want.
Fixing your credit is one way to help you get on with your life. If you’re wondering “How long does it take to repair credit,” you’ve come to the right place. Learn everything you need to know about credit repair in this handy guide.
How Do You Repair Your Credit Score?
There are a variety of ways to repair your credit score. Depending on your goals, you can find a credit repair option that can help you build your score incrementally or an option that will help you remove old negative reporting right away.
Paying down revolving balances on credit cards or loans is a good first step toward improving your credit score. However, sometimes that’s not enough. If you have open collections accounts, a distant bankruptcy, or mistakes on your credit report, credit repair can benefit you.
Sometimes, a low credit score can be from fraudulent activity. If someone stole your identity, you may find yourself with debts to pay that you didn’t accrue.
In these cases, working with a credit repair service can help you restore your credit and improve your credit report. While it may be tempting to save your money and try to repair your credit on your own, that will often take you much longer than hiring a credit repair company.
How Long Does it Take to Repair Credit?
When you’re fixing your credit on your own, the process may take months or years. Building your credit takes dedicated attention, especially if there are inaccuracies on your credit report. You may find yourself negotiating with creditors or speaking with credit bureaus for months to find solutions to fix your credit.
Using a credit repair service can help you fix your credit in as little as two months. Frequently, however, the whole process to restore your credit can take three to six months. These services remove negative reporting from your credit report by working with the bureaus to eliminate claims that cannot be proved.
While you may need to do some work on your own to improve your credit, working with a credit repair agency can give you a leg up on improving your credit.
Work Your Way to a Better Credit Score Today
When you’re looking to repair your credit score, time is of the essence. Paying attention to your credit as soon as possible can put you on the path to repairing your score. Now that you can answer “how long does it take to repair credit,” don’t keep putting off your goals; get started improving your credit with a credit repair service today.
For more money management recommendations, take a look at our other blog posts! You’ll be on your way to financial freedom in no time.