Credit can Rise as Fast as it Drops
The average time to repair credit history and raise the credit score is approximately four months. The time frame of course depends on the amount of negative credit history, the credit score and the amount of good new positive credit being established. Credit repair doesn’t need to take a long time and it is a mixture of both disputing all the derogatory credit items and establishing new good positive credit and payment history.
Regarding old negative past credit issues these would be anything derogatory on your credit. Derogatory credit items are late payments, old multiple inquiries, collections, judgments, and charge-offs. All of these items can be disputed through the credit bureaus in an attempt to remove them from your credit.
Regarding good credit you must have at least 3 to 4 good positive trade lines on your credit that are reporting a timely payment each month. In addition to having good payment history the credit reporting agencies also review the amount of available credit. The key part of raising your credit score 100 points will be attempting to get all of your available credit up to 50 to 60% even 65% if possible. This means that if you have a credit card with a limit of $1000 you really only want to use $350-$400 of it. If your balance is more than 35 to 40% that can also bring down your credit score and hurt your credit.
Four to Six Months
When disputing all negative derogatory credit items, a company like New Day Credit Repair will send in dispute packages to each credit bureau for each derogatory item. The credit bureau then allows the account holder or lender 30 days to respond to the dispute. It then takes 30 days to update the credit report with the findings and result of the dispute either deleted or verified.
It is also important not to dispute more than 3 to 5 accounts per 30 day time. Or they will be considered frivolous disputes. With New Day Credit Repair, we have disputing derogatory items down to a science. Over the course of 3 to 4 months we will submit 3 to 4 batches of disputes packages each 30 days. This allows the credit bureau time to verify each dispute.
If you’re looking to raise your credit score quickly and efficiently, you MUST contact New Day Credit Repair today at (866) 368-8828