What is a Credit Score?
Is a numeric summary of your credit history, commonly used method for lenders to predict the likelihood that you will repay any loans they make to you. Credit scores range from 300 (poor) to 850 (excellent). Higher scores illustrate consistently good credit histories, including on-time payments, low credit use, and long credit history. Lower scores indicate borrowers may be risky investments because of late payments or overextended use of credit.
How long Does It Take to Rebuild Credit?
Typically, it takes at least 6 months of good credit behavior to see a noticeable change in your credit score. It is difficult to make a change any faster, unless the negative information on your credit report was a minor blip, like being late with bill payments one month.