When will my credit score start improving?
Question by xsaraxamx: When will my credit score start improving?
For the most part, I’ve paid my credit cards on time and have had good credit reports. But last month, I was in a bad financial situation was not able to pay my Shell gas card. I was able to pay it a few weeks after it was due, but now it shows that I have a delinquency on my credit report. When will that go away? Also, it made my credit score go down about 50 pts. If I continue to pay all of my credit cards on time each month, when will my credit score improve?
Best answer:
Answer by bdancer222
If you were only a few weeks late, credit card typically don’t report that to the credit bureau. You get hit with a late fee. The payment usually has to be 30 days late before it is reported. Are you sure it was only a few weeks?
You will need at least 24 months of consistent, on time payment history to overcome that late payments. Most of your score is based on the previsou 24 months.
Know better? Leave your own answer in the comments!
To help improve your credit score you basically should pay your bills promptly. As an example, in the event you skip a loan monthly payment this is going to have an affect on a person’s credit score. When you get declined with regard to obtaining new credit this can additionally decrease your credit score. To improve your credit score, make sure that you consistently pay your bills in a timely manner. Sadly, it’s not possible to make this happen over night. It’s a lengthy procedure and can take a few years.