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How long after paying off a credit card does it take to reflect on a credit report?

Question by penny g: How long after paying off a credit card does it take to reflect on a credit report?
Lets say I have 4 credit cards totalling $ 3000. I then wrote out 4 checks and paid off each card in full on the same day. How long would I have to wait until my credit report reflected all of these charges paid off?

Best answer:

Answer by princess zaria
by the the collection agency has 3 months 2 update ur credit report, then they update it as paid in full or settled in full.

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Tags: after, card, Credit, long, Paying, reflect, report, take

How long does it take to build good credit?

Question by Work and School: How long does it take to build good credit?
I want to apply for this new citi bank rewards credit card. They say you have to have good credit in order to get approved. I’m 19, I’ve had a student credit for 7 months. I have always paid the bill on time and just got my credit line increased. Some people say it takes 6 months to build good credit, is that really true?

Best answer:

Answer by Josh
Good credit 6 months to a year.. much longer to build excelent credit. It all dependa on how hard you work on it, it takes more than just paying your bills on time but that will at least get your credit good. To get it better than good though you need to understand what works for you and against you.. to much to list on here but you can do a search and find it all fairly easily. I had a 730 by the time I was 20 but I worked hard to get it there.

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Tags: build, Credit, good, long, take

Q&A: How bad do inquiries look on your credit report and how long will it stay?

Question by Virginia: How bad do inquiries look on your credit report and how long will it stay?
I have a credit score in the mid 600s, but have been denied credit because of too many auto credit inquiries. How long will they stay on my credit report?

Thanks!

Best answer:

Answer by Jon K
Inquiries stay on your report for 2 years, and it all depends on the timeframe between inquiries is. The more inquiries look bad to many lenders, as it says you may be applying for more credit than you can handle, so only apply for what you need.

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Tags: Credit, inquiries, long, look, report, stay

Q&A: How long does your credit score fall after filing chapter 7 bankruptcy?

Question by xyz87: How long does your credit score fall after filing chapter 7 bankruptcy?
I have credit score of around 210. I have unsecure debt of $ 85,000 with $ 0 income. I have been delinquent since 2008 and changed my phone number 3 times. And i’m getting sued by several creditors and my bank accounts are shut too.

Now that filing is just around the corner, how much lower can the credit score fall?

Best answer:

Answer by ConfusednOHIO
are you sure your score is that low? i thought 300 was the lowest. anyways~ bankrupcy will affect your credit for 7-10 years depending on which chapter you file and will drop it significantly.

chapter 7 is 10 years

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Tags: after, Bankruptcy, chapter, Credit, fall, filing, long, score

How long will it take to regain good credit report?

Question by Nella: How long will it take to regain good credit report?
My boyfriend knew he had bad credit but didn’t know what was in his credit report. He got his report off of one of those free websites. He has a couple of collection items on it. When he pays them back, how long will it take to come off his credit report? Also, when will credit card companies trust him enough to give a credit card after he pays back his debts?

Best answer:

Answer by Ryan M
It takes 7 years for a reported item to come off of a credit report. This is done on purpose. Depending on just how bad his credit is, it might be several years before he can get another credit card. Banks are really cracking down on giving cards to people with a history of being financially irresponsible.

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Tags: Credit, good, long, regain, report, take

How long does it take to bring up your credit score, pay today, good credit tomorrow?

Question by rhsjr_25: How long does it take to bring up your credit score, pay today, good credit tomorrow?
If you have bad credit, but you pay all of your debts, how long would it be before you have good credit? Does it happen overnight?

Best answer:

Answer by kimpenn09
No. If you had any delinquent accounts, they would stay on your record for–wait for it–7 years.

That’s not to say your credit wouldn’t improve in the interim. Credit issuers report to credit agencies every 30-60 days or so. And the further away you are from your debt, the higher your credit score will go. Six months from now, your credit should be drastically improved if you don’t have any more delinquencies. Your score is constantly fluctuating based on how you use credit–not just how much you spend, but how many accounts you open, how late you are with your payments, etc.

I use a credit monitoring system through Equifax.com. For $ 7 a month, they text message me every time my score changes.

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Tags: bring, Credit, good, long, score, take, Today, tomorrow

How long can an unpayed credit card stay on your credit report?

Question by Amy: How long can an unpayed credit card stay on your credit report?
When does the statute of limitations apply? It’s been on my credit report for 5 years and they keep adjusting it.

Best answer:

Answer by kwsstin
Have you talked to them over the course of the last 5 years? If so they can keep renewing the debt. If not, then after 7 years you can dispute this with the credit bureaus.

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Tags: card, Credit, long, report, stay, unpayed

Q&A: How long does it take to establish credit by using a credit card?

Question by davidthompson2008: How long does it take to establish credit by using a credit card?
I got a credit card in November of 2008 in order to prepare myself for my apartment search next year. it’s BofA’s student platinum visa. I was wondering how long it took to establish credit
I’ve already payed the bills off completely 2 out of 2.
so can anyone help me?

Best answer:

Answer by dd74
I believe that you will need to show on time payments six months in a row before the account will be used as a positive credit reference.

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Tags: card, Credit, establish, long, take, using

How long does it take to get a credit card off your credit report?

Question by luckgirl924: How long does it take to get a credit card off your credit report?
I am closing a credit card (because I paid it off and it has an annual fee). How long does it take to come off your credit report?

Best answer:

Answer by Rick K
if its legitimate takes 7 years

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How long does it take to fix a credit score?

Question by ←Shea→: How long does it take to fix a credit score?
I am about $ 5,000 in debt (NONE OF WHICH IS FROM A CREDIT CARD…I’VE NEVER HAD ONE) and my credit score is a lot lower than I would like it to be. Most of my balance is either medical or utility.

If I pay a $ 100 balance with a doctors office how much will it raise my score? Or in general if I pay anything off on my credit report how much does it raise the score?

Best answer:

Answer by SCH
Paying $ 100 out of $ 5000 will not raise your score significantly…here is the FICO score breakdown

35% Payment History
30% Amounts Owed
15% Length of Credit History
10% New Credit
10% Types of Credit

If you cleared up the $ 5000 that would help, but you have two other problems…your payment history is not good (you basically stated the only things on your report are negative) and the types of credit are not good.

What you need to do is get some credit and use it responsibly… this means charging no more than 50% of the available credit and making all payment on time.

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Tags: Credit, long, score, take