How Long Will It Take You To Repair Your Credit

When you have a poor credit, it is only natural that you have it repaired, so that you will be able to make purchases and complete some transactions. However, the time that it takes to repair your credit is not rigid. It varies greatly from account to account depending on quite a number of factors ranging from the number of errors you have to fix in the account and what exactly you wish to accomplish with the account once your credit is fixed, ranging from purchasing a house or negotiating the rate of an interest with your creditor.

Just so you do not wonder why you need to know how long it will take for you to get your credit fixed, it allows you to make effective plans concerning your finances ahead of time. The different timespans that might be related with credit repair are explained below.  

Credit repair begins when you begin reviewing your credit report to identify the potential mistakes and errors.  If you have never reviewed the credit report at an earlier time, then it should take you between one and two hours to review all the reports.

You then gather documents to back up the errors you identified and draft letters which you then submit to the credit bureaus. This process can take between a few hours to a few days depending on how much documents you need to prove the existence of the errors.

Credit repair companies are bound to expedite the process faster than you would, yourself.

The credit bureau then has about 30 days to contact your creditors so as to verify and respond to the claims.

After 30 days maximum, you would receive a response, which might require more documents from you to confirm or reject the bureau. Then, some communications are made before it is resolved finally.

In general, a credit repair will take you between three and six months to resolve all the disputes. It could take longer time if you have several things to dispute and shorter time, if you fix your credit regularly and have few mistakes to fix.