How Long Does Credit Repair Take?
Written on Sep 16,2021 by Joe Mahlow
Short answer: it varies. The length of time credit repair can take depends on several factors. It can be from how many mistakes you’ll need to fix, to what you’re looking accomplish once you have repaired your credit. People often repair their credit with particular goals in mind, (i.e. buying a new house or car) so it’s important to know how long the process might take so you’re able to make your plans accordingly.
We’ve put together the information below to help you understand the different time spans that can be involved with credit repair. If you want to get started or need more information, give us a call, we can help!
The process begins by reviewing your credit reports to identify any potential errors or mistakes. Once the errors/mistakes have been identified correctly, dispute letters need to be drafted and documentation gathered before submitting them to the appropriate credit bureau. The time required for this step varies case-by-case. It depends how organized you’ve been about keeping financial records and on the nature of your dispute. It can take anywhere from a few hours to a few days if you need to track down additional statements or documentation to further prove your case. Keep in mind, if you decide to use ASAP Credit Repair, we’ll expedite this process to get it done as quickly as possible. Speedy!
As soon as your disputes are submitted to the credit bureaus, the official countdown begins! The credit bureau has 30 days to reach out to the creditors and verify the information before responding. So be sure to send your dispute letters by registered mail; you’ll have proof of the delivery date. After 30 days, the credit bureau is required to respond to your inquiry. More documentation could be required. Be prepared for some potential back-and-forth before disputes are resolved.
Generally, credit repair can take about three to six months to resolve all the disputes that the average consumer needs to make. If you only have a few mistakes to correct or you’re in the habit of repairing your credit every year, it probably won’t take nearly as long; theoretically, you could be done in just one month. Conversely, if you’ve never corrected your credit and many items to dispute, it’ll likely take a bit longer.
One thing you can do to speed up the process to better credit is to simultaneously begin taking steps to build credit as you’re getting items removed through credit repair. Make your payments on time to create a positive payment history and reduce your credit card debt load to lower your credit utilization ratio.
Remember: you have to be patient. If you’re working towards a major goal like a new home, plan for at least six months to a year to improve. That way you can make sure you have the time required to get the credit score you need before you apply.