How long does it take to improve credit score? Having good credit helps you prove your creditworthiness to potential lenders. If you’re hoping to buy a home, having a good credit score is key, since it helps you qualify for a mortgage. So if your credit score is low, indicating bad credit, knowing how long it takes to raise it to the home-buying range can help you plan.
Credit repair companies sometimes promise almost instant results, saying that they will do the hard work. However, there’s no secret to raising your score, and it can’t happen overnight. It is possible to raise your credit score within one to two months. It may take even longer, depending on what’s dragging down your score and how you handle it. Here’s step-by-step advice for do-it-yourself credit repair that works, so you’ll never ask yourself this question again, “how long does it take for credit score to go up?”
How long does it take for credit score to go up?
First off, what’s considered a good score versus a poor one? Here are some general parameters:
- Perfect credit score: 850
- Excellent score: 760-849
- Good credit score: 700 to 759
- Fair score: 650 to 699
- Low score: 649 and below
While the score required varies by area and type of loan, lenders will generally look for a score of 660 or higher before they will grant a mortgage. If you’re hoping to boost your credit score fast, here are some actions you can take.