Times vary based on how many negative items are reported on your credit report. It also depends on how many positive accounts you currently have reporting. A positive account is a revolving credit account with no late payments. If you need help building positive credit, getting a secured card right away can speed up the process. Our goal is to graduate all clients within 3-9 months.
Of course, it is important to realize that once your credit is repaired or restored and you are on the way to a good credit score, you need to remain diligent. Regular monitoring of your credit report can help you spot problems quickly, so that you can resolve them before your credit score can drop. For many people, this just involves looking at errors on your credit report. However, if you have been a victim of identity theft, it may involve more than looking at errors. Many people who have had their identities stolen experience waves of theft because identities may be sold multiple times on the dark web. If this situation applies to you, it may take longer than the 3 to 9-month period to restore your credit, and you may need to regularly monitor, report errors, and even file additional police reports related to the identity theft. While this scenario does not describe most of our clients, we want to make sure that people are aware of that possibility ahead of time.