How long does it take to get your credit score up when youre establishing your credit for the first time?

Question

How long does it take to get your credit score up when youre establishing your credit for the first time?

Answer 1

It will take a few years to get a good score where you can buy a car with a good interest rate. A lot longer than a few years if you want to buy a house. I got a 700 score after 1 1/2 years with 2 credit cards and one co-signed car loan.

Answer 2

In some cases, it can take as little as 90 days: if you have a well-paying job, and a coule of credit cards (even with LOW limits), you'll soon be on your way. Of course, it depends on what you mean by "up". :) From zero to okay takes about 90 days (I've had to do this three times: when I first came to Canada, when I moved to the States, and then again when I moved back to Canada after 10 years in the US) - but like the other answer said, a bit longer (at least 6 months to a year or more) if you want to go buy a house or something like that.

Hope that helps!

Cheers,

FF