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credit score is in the low 400's I am not current on all my bills how long before I am at 650 approx?

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  • credit score is in the low 400's I am not current on all my bills how long before I am at 650 approx?


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Answer #1 | 29/12 2013 05:22
Oh boy...you're in a bottom percentile, so it's going to take YEARS (for a score that low, I'd say 3 to 3 1/2 at the very least, even longer if any of them have been turned over to collections) to get it up that much. It's going to require making more than minimum payments on your bills and paying some off in full. If you settle on any of the accounts, that will hurt your credit too because settlements stay on there 7 years. It trashes it, because you're paying it off for less than the amount you owe. ( red flag to any future lenders) Your credit can be fixed, you just have a long road ahead of you.
Positive: 50 %
Answer #2 | 29/12 2013 09:39
if you are not current on all of your bills don't expect it to rise at all. Work at getting current even if it means doing without extras, get all bills up to date and don't take on any more. it will take 12-18 months of being current and having a steady job to get you score into the 600's
Positive: 50 %
Answer #3 | 29/12 2013 13:37
7 years to 7 1/2 years, if you don't become current on all your bills. 1 month to 7 1/2 years, if you do become current on all your bills.
Positive: 50 %
Answer #4 | 29/12 2013 15:56
As long as you are in default, your score will remain low. After all accounts are up to date and you have other credit cards that you are paying on time. it will take a good 24/36 months to get to a good score of 660/749
Positive: 50 %

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