How long does it take to Rebuild a Credit Score?
The following credit score information was published and provided by Experian.com on August 21, 2003. The length of time to rebuild your score after a decrease depends on the reason behind the drop in the score. Most decreases in scores are due to the addition of a new element to your credit report such as a delinquency or an inquiry. These new elements will continue to affect your score until they reach a certain age. Delinquencies remain on your credit report for seven years. Most public record items remain on your credit report for seven years, although some bankruptcies may remain for 10 years and unpaid tax liens remain for 15 years. Inquiries remain on your report for two years. (Experian.com, 8/21/03) |