How long will it take me to build "good" credit?

It depends on where you start from. If you are starting from scratch then it shouldn't take more than a year to get a good credit score. But in order to get a credit score you have to establish a credit account. Get a gas credit card or a regular credit card and use them for regular expenses being sure to pay the balance back to zero each and every month.

If you are not starting from scratch and attempting to repair your credit then it will take longer. The best thing to do is to get all of your delinquent account balances to zero and stay current with the rest. Then slowly but surely your scores will begin to climb. Usually takes a good 2-3 years for your scores to recover.

That depends babe. Do you have bad credit? Or no credit at all? They are almost one in the same, but you are in a better position with no credit. Anywho, if you have no credit, get a low limit credit card, perhaps a gas card. Use it as often as possible, do not over draw and pay the bill on time every time. Do this for about three months, then add another credit card. Do the same thing. In about a year you should have a good credit record, but you will need more time to build a great credit history.

If you have bad credit, work at paying off all your current debts. Do not open any more credit lines. Once you are caught up on payments, stay up to date. As each debt is eliminated completely keep it open until you repair your history with the company, usually a year of on time payments. Then close those accounts while they are in good standing. Having too many open accounts, even in good standing can have a negative impact on your credit.

'good' meaning you're fair right now or poor? if you're way down there it will take about a year... pay off your highest interest rate credit card first and then the others.. also, cut them up! but keep at least one! you don't not want to have any and charge 'on occasion' and pay entire balance before due date... also, if you have a mortgage NEVER be late and NEVER late on a car payment... good luck!!! it can take about a year ...

If your credit isn't already jaked up... it should be in "good" condition. However, if it's a little shady, it could take up to three years (or at least it did for me) to get yourself back in "good" condition.

it takes one year to establish serviceable credit two years to establish Full credibility three years to rebuild credit if you mess it up and seven years to rebuild credit after a bankrupts.

If it is bad now, years. Many years. If yu have no credit, it should build faster, provided you make no mistakes.

Your credit is mostly cleared after 7 years, and completely cleared after 10 years. If you have been having credit woes, you will need to be patient, maintain a good standing with all credit card companies and the like, and just wait it out. To build credit from scratch, you will need collateral. Collateral entails owning a home, an automobile, or any other large purchase. These types of things build your credit. Also, always make all monthly payments on time.

It doesnt take long. get a store credit card, like sears or Kohls. Buy something, then pay if off in three installments. Do it again.

get a secured credit card. This is a card that is backed up by a savings account. Buy something. Pay it off in three installments.

Now, you have good gredit.

Assuming you pay all your bills either early or on time, and assuming that you carry balances on all lines of credit (cards, loans, etc), but none with balances of more than 25% of your limit, it'll take about 24 months for excellent credit. If you already have bad credit, it'll take closer to 3 years. If you have gone bankrupt, figure 5 to 7 years or more. The secret is to keep balances (not exceeding 25% of available credit) on all your lines of credit, pay more than the minimum, and pay EARLY or ON TIME.

If there is anything negative on your report, it will take seven years to come off. In the mean time, be sure to report any inaccuracies to the credit bureaus. Also, start with a Home Depot card....they are easy to get. Then you will start to receive more offers. You can go to www.annualcreditreport.com to request a free copy of your report

dending on how bad and how hard you are trying to clean it up. it will take approx 1 year if you pay things down, not off, have no more delinquencies and watch your credit ratio

the same amount of time that it will take you to pay off all your derogatory accounts, or after the duration of 7 years following the report date of the last derogatory account. Which ever comes first.

Step-by-Step Credit Repair Guide
http://www.debt-loan-refinance-mortgage-credit.com/category/Step-by-Step-Credit-Repair-Guide.html

Do you know your current credit score? If not you should look at www.annualcreditreport.com
Once you know what you need to do to build your credit you can start from there and determine the timeframe.
Just remember to boost your scores
* Pay your bills on time
* Keep balances low on credit cards
* Pay off debt rather than moving it between credit cards
* Apply for an open new credit accounts only when you need them.
* Check your credit report regularly for accuracy
* If you missed payments, get current and stay current

You can also find extra help at www.myfico.com
Good Luck.

Many articles on how to increase your score, plus what you should avoid...
http://www.freewebs.com/infosource100/credit/s2-dail.html

"Clean Credit Report: Easily Raise Your Credit Score 100 Points

By Vincent Dail

Your credit report contains information about where you work, live and how you pay your bills (On time or not). It also may show whether you've been sued, arrested or have filed for bankruptcy with in the last 10 years. Companies called consumer reporting agencies (cra) or credit bureaus compile and sell your credit report to businesses all over the world.

Many financial advisors suggest that you periodically review your credit report for inaccuracies or omissions. This could be especially important if you're considering making a major purchase, such as buying a home. Checking in advance on the accuracy of information in your credit file could speed the credit-granting process, clean credit is a must.

Because businesses use this information to evaluate your applications for credit, insurance, employment, and other purposes allowed by the Fair Credit Reporting Act (FCRA), it's important that the information in your report is complete and accurate.

Whenever you apply for any type of credit or financing, a credit report is pulled from at least one of the three major credit bureaus. You want a clean credit report to be pulled. While there are hundreds of smaller credit bureaus around the country, virtually every credit bureau is affiliated with either Experian, Trans Union, or Equifax.

Getting Your Clean Credit Report

If you've been denied credit, insurance, or employment because of information supplied by a credit reporting agency, the FCRA says the company you applied to must give you the agency`s name, address, and telephone number. If you contact the agency for a copy of your report within 60 days of receiving a denial notice, the report is free. In addition, you're entitled to one free copy of your report a year.

If you simply want a copy of your report, call each credit bureau listed since more than one agency may have a file on you, some with different information.

The three major national credit bureaus are:
Equifax, P.O. Box 740241, Atlanta, GA 30374-0241; (800) 685-1111.
Experian (formerly TRW), P.O. Box 2002, Allen, TX 75013; (888) EXPERIAN (397-3742).
Trans Union, P.O. Box 1000, Chester, PA 19022; (800) 916-8800.

Correcting Errors For Clean Credit.
To protect all your rights under the law and to keep your credit clean contact both the CRA and the information provider.

First to get clean credit reports, tell the credit reporting agency in writing what information you believe is inaccurate. Include copies (please keep your originals) of documents that support your position. In addition to providing your complete name and address, your letter should clearly identify each item in your report you dispute, state the facts and explain why you dispute the information, and request deletion or correction. Always keep copies of your dispute letter.

They must reinvestigate the items in question, usually within 30 days, unless they consider your dispute frivolous. They also must forward all relevant data you provide about the dispute to the information provider. After the information provider receives notice of a dispute from the CRA, it must investigate, review all relevant information provided by the CRA, and report the results to the CRA. If the information provider finds the disputed information to be inaccurate, it must notify all nationwide CRAs so they can correct this information in your file. Disputed information that cannot be verified must be deleted from your file, then you will recieve a clean credit report, with that item removed.

If your report contains erroneous information, the CRA must correct it(clean credit).

If an item is incomplete, the CRA must complete it. For example, if your file showed that you were late making payments ( 30 days or more), but failed to show that you were no longer delinquent, the CRA must show that you're current.

If your file shows an account that belongs only to another person, the CRA must delete it.

When the reinvestigation is complete, they must give you the written results and a free copy of your clean credit report, if the dispute results in a change. If an item is changed or removed, they cannot put the disputed information back in your file unless the information provider verifies its accuracy and completeness.

Also, if you request, they must send notices of clean credit report corrections to anyone who received your report in the past six months. Job applicants can have a corrected copy of their clean credit report sent to anyone who received a copy during the past two years for employment purposes. If a reinvestigation does not resolve your dispute, ask the CRA to include your statement of the dispute in your file and in future reports.

Second, in addition to writing to the credit agency, tell the creditor or other information provider in writing that you dispute an item. Again, include copies (please not originals) of documents that support your position. Many providers specify an address for disputes. If the provider then reports the item to any credit reporting angency, it must include a notice of your dispute. In addition, if you are correct that is, if the disputed information is not accurate the information provider may not use it again, thus you will have a clean credit report.

When negative information in your report is accurate, only the passage of time can assure its removal. Accurate negative information can generally stay on your report for 7 years.

Clean Credit: There are certain exceptions:

Bankruptcy information may be reported for 10 years.

Information about criminal convictions may be reported without any time limitation.

Credit information reported in response to an application for a job with a salary of more than $75,000 has no time limit.

Information about a lawsuit or an unpaid judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer. Criminal convictions can be reported without any time limit.

Credit information reported because of an application for more than $150,000 worth of credit or life insurance has no time limit.

Adding clean credit accounts to your file:

Your credit file may not reflect all your clean credit accounts. Although most national department stores and all-purpose bank credit card accounts will be included in your file, not all creditors supply information: Some travel, entertainment, gasoline card companies, local retailers, and credit unions are among those creditors that don't report clean credit.

If you've been told you were denied clean credit because of an insufficient credit file or no credit file and you have accounts with creditors that don't appear in your credit file, ask the CRA to add this information to future reports. This will help get you on the road to a clean credit report. Although they are not required to do so, many CRAs will add verifiable accounts for a fee. You should, however, understand that if these creditors do not report to the CRA on a regular basis, these added items will not be updated in your file. "

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