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How long does it take for your credit rating to get better?

4 replies

Mckayz · 07/01/2014 19:33

DH has a poor credit rating from having 6 weeks between pay days when getting a new job.

Everything is due to be paid off by Jan 1st 2015 except for 1 loan that has no arrears or defaults. That loan ends March 2015.

We need to buy a new house as ours is too small and I was wondering how long it takes for the credit rating to be better?

I had a quick google but found conflicting answers. Some said 30 days, 6 months, a year etc

Does anyone know or have a rough idea?

Thanks.

OP posts:
screweduppotatoe · 07/01/2014 19:35

I was told six years by someone at Experian.

Coconutty · 07/01/2014 19:42

This reply has been deleted

Message withdrawn at poster's request.

Mckayz · 07/01/2014 19:48

DH was told it stays on your record for 6 years but the actual rating gets better before that. Just not how long it does take.

OP posts:
Mum2Fergus · 07/01/2014 21:49

As I understand it, all records remain on your file for 6 years...but as time passes the score gradually gets better, provided there are no further hiccups.

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