How long does it take for your credit rating to clear?

If your credit report is correct, 7 years. If it isn't, you have to challenge it in writing, and it should clear fairly soon after it has been confirmed.

How long does it take for your credit rating to clear?
That depends on your current credit rating. If you are speaking about a recent bankruptcy then you are probably looking at 7-10 years.





If you have unpaid debts then the time can be 4-5 years before you are in the clear. Most debt collectors will see you as a lost cause after that period of time.





Accounts that show up past due will only reflect positively on your credit pending a paid status of some sorts. You can probably settle older debts for pennies on the dollar.





You can read more at http://www.fdnsolutions.com/blog





Give us more detail so that we can answer your question.
Reply:your credit source can change every month. It takes 7 years for bills you don't pay to clear your report. If you pay off the bill you can ask the creditor to remove the mark from your report.
Reply:each individual listing on your credit report remains listed for 5 years. so if you defaulted on your phone bill on 1/3/2005 it will clear that record only on 1/3/2010
Reply:Rules have changed regarding credit. The original answer was 7 years which is typical, but some creditors can see reports and problems from longer than that.


Also, the 3 credit reporting bureaus may have 3 different reports on you. (Experian, TransUnion, Equifax)


You can get all 3 credit reports in some states for free. You can call them and ask about your credit score.


Good Luck-
Reply:Credit agencies stores information from credit grantors and public records, including bankruptcies, judgments and liens. Missed payments and most public record items remain on the credit report for seven years, with the exception of Chapter 7, 11 and 12 bankruptcies, which remain for 10 years, and unpaid tax liens, which remain for up to 15 years.





Active positive information may remain on the report indefinitely.





Requests for your credit history remain on the credit report for up to two years.