How long does it take after paying off debt for credit scores to change?
By apples99
@apples99 (6556)
United States
April 20, 2011 5:20pm CST
Paid off an old debt but credit scores still remain the same OMG! I've paid a fortune out on improving my scores but nothings different, now I know it takes around 30 to 45 days, but its been nearly 60 day AWW MAN! I never knew repairing credit can be so frustrating.
I'm sure that many people out there can relate to what I'm going through. can someone tell me how long does it take for credit scores to change after paying off debt? and PLEASE do you have any advice for me?
I'm sure that many people out there can relate to what I'm going through. can someone tell me how long does it take for credit scores to change after paying off debt? and PLEASE do you have any advice for me?1 person likes this
3 responses
@KrauseHome (36447)
• United States
21 Apr 11
Well, it really depends on what type of things you have paid off, and how fast they report it to the Credit bureaus, and how your other bills and such are looking as a whole. Also depends on what other things you are actually paying on as well. I know back some yrs. ago I was unable to qualify to help buy a house even with being married because of my Credit Score and that one bill being on my record. I contacted them found out the least they would accept and paid if off, and waited.
It did take at least 6 months for my Credit Score to continue to rise, but we are now in the house we wanted, and been here a yr. and a half now, so just be patient and if it is something you really want that you are supposed to have in Gods time things will happen for the best.
@apples99 (6556)
• United States
22 Apr 11
Well thanks for dropping in on this topic. I've been really frustrated with the process of paying off debts, I paid LOT of money so far, and now there's nearly nothing else left to pay I mean on my credit debt.
You said it could take 6 months for the changes to show up on a credit report, oh my! I hope that's not in every case, because I'm really trying to get things back on track as quick as possible I think I'll need someone who works on repairing scores/debts to help me to speed up the process.
You said it could take 6 months for the changes to show up on a credit report, oh my! I hope that's not in every case, because I'm really trying to get things back on track as quick as possible I think I'll need someone who works on repairing scores/debts to help me to speed up the process.
@hardworkinggurl (37063)
• United States
21 Apr 11
I have always know it to be anywhere between 60 - 90 days. As I understand it, it depends on when the ending of the billing cycle plus the 60 days. It can be shorter than this, depending on the company.
Repairing credit is really tough and hope you can get through yours soon.
@Dynstatic (14)
• Ireland
20 Apr 11
You can actively improve your credit rate by spending on your credit card and then clearing the balance every month. It shows that you are able to regularly make more than the required payment. Make sure you do clear your balance though otherwise you will be charged interest.
Unfortunately this will take a lot longer than 90 days.
