If you’re like most of, you’ve probably seen the ads and online stories claiming to be able to repair your credit in just days. We here at ProDS hate what a disservice those types of claims create. They build a sense of false hope that just isn’t realistic with the way that credit repair really works.
So, we’ve made it our mission to debunk those myths whenever we see them by giving you the cold, hard facts.
How long does it really take to repair your credit?
Like all things that we try to repair or heal, credit repair takes time. It does NOT happen overnight, no matter what you might hear to the contrary. And just like with an injured bone, the time it takes for repair is dependent on a variety of factors. While a minor sprain can heal relatively quickly, a fracture may take months. Similarly, the scope and damage of your credit history directly correlates to the length of time it will take for your credit to be repaired.
What does this mean in terms of how long it will take for your specific credit repair to take affect? There’s no clear cut answer. However, depending on the steps that you take and the damages on your record, you can expect to start seeing changes within 45 days to 90 days. Working with an experienced company like ours goes a long way towards hitting the lower end of that spectrum.
Steps you can take to begin repairing your credit when you’re in a hurry
- Be in the know. The first step on any road to recovery is knowing exactly where the problems exist. Some people might subscribe to the don’t-ask-don’t-tell mentality when it comes to their credit score, but this self-imposed ignorance can have long-ranging negative effects on your credit, thereby driving a slightly negative score lower and lower.
- Pay down your debt. Working diligently on reducing your total debt amount is one of the surest ways to improve your credit score. If you prioritize paying down debt, it’s easier to earmark any extra money that you might have towards those bills.
- Improve your debt-to-credit ratio. Having a higher percentage of available credit then what you have in debt is also known as credit utilization. One quick way you can do this is by minimizing your debt to 30%. For example, a credit card with a limit of $1000 should only have a balance of $300. Make your payments on time. Even if you have a history of late payments, you can turn that around fairly quickly by beginning to pay on time consistently.
- Remove negative and/or incorrect information from your credit report. This is usually a bit more labor-intensive and step that might frustrate, confuse, or not feel worth the effort for some people. Fortunately, there are companies that can help you do this efficiently and expediently. (Find out about how ProDS can help with this here.)
- Take advantage of auto-payment plans. This is a simple way to take those payments off of your mind all together while making sure that they happen on time, and at all!
While credit repair will not happen overnight, it can happen much more quickly when you have expert credit repair assistance on your side. That’s where Provident Dedicated Services comes in, so get in touch today!