How long does it take to raise your credit score?

Question

how long does it take to get your creit score raised if I have been paying my bills on time? I have been paying my nbills on time since Nov. 2007/

Answer 1

It depends on the type of bills that you are paying and whether they were in collections or not.

A good rule of thumb is that when you get a bad account/late payment 12 months behind you, then your score increases somewhat...and when you get a bad account/late payment 24 months behind you, it increases significantly. So according to what you have said, even if you have bad accounts, so long as you are current on them and have no lates since November 2007 you should see your score increase a bit in November 2008.

edited for clarity