The perfect time to work on your score is actually now, because you don’t know how long it’s going to take to work up from where it is now into a good range that will ensure you some low interest rates.
Los Angeles, CA (PRWEB) April 16, 2013
RoadFish.com men’s lifestyle and finance magazine today released their statement regarding the time-span for a credit score to change when a consumer is actively working on bettering it. RoadFish.com responded to a recent article written on the topic, and offered their own advice to consumers who are planning on taking out a loan or who will need a solid score in the future, on when and how to start focusing on perking up their score.
Lynn Oldshue of LowCards.com, an online credit card information source, recently wrote an article that focused on answering the question of how long it takes for a consumer to significantly better their credit score. Oldshue reported that in this day and age of humans expecting things to happen fast—high speed internet, speedy cars, the express checkout lane—a credit score is one thing that cannot be rushed. She explains that due to its very nature of being a representative of how trustworthy a consumer is with money over a significant period of time, a change in one’s credit score will not happen overnight. Oldshue describes several factors that determine how high one’s score is, including the length of somebody’s lines of credit. As such, by its very nature, a score measures somebody’s payments over a period of time, which is why it cannot change very quickly.
RoadFish.com complimented Oldshue for her breakdown of the nature of credit scores, and expressed their satisfaction in an article that encourages people to be patient. RoadFish.com’s Senior staff writer is quoted as saying, “It’s hard not to notice the speed with which people do things these days. We record TV shows so we can fast forward through commercials. We drive 10 over the limit in the high-speed lane. We race past each other on the street, zip from one thing to the next, write emails on our phones while waiting in line at the store, and in general expect life to move as fast as we need it to. A credit score is one thing that cannot be rushed into changing, and it’s good that LowCards.com makes that fact very clear. Consumers need to practice diligence and a hearty dose of patience when it comes to bettering their credit scores.”
In the above mentioned article, Lynn Oldshue reports that most payments in a credit line take between one and six months to show up on a credit report. The exact length of time is dependent on when the lender provides the data to the credit bureaus. Oldshue states that realistically speaking, most people who are trying to get their score above the 700 line spend about one to two years working on getting it there. She points out that the people whose scores never actually budge are those who are not actively working on bettering them.
RoadFish.com makes the suggestion to consumers to begin working on their credit score long before they actually need to, in order to ensure there is enough time to see significant change. RoadFish.com’s Senior staff writer is quoted as saying, “It’s wise to be a score planner.com and not a score slacker, when it comes to wanting to see progress in your credit score. Say you’re considering purchasing a house in one year or so. The perfect time to work on your score is actually now, because you don’t know how long it’s going to take to work up from where it is now into a good range that will ensure you some low interest rates. We recommend checking your free reports routinely, at least checking each of the three credit bureaus’ reports once per year, working on righting any wrongs that are on the report and then actively focusing on beefing up your score. You can do this by not opening new accounts, not closing old accounts, chipping away at debt, lowering your balances, heightening your limits, and keeping a budget to manage the whole process. But trust us—start early.”
Oldshue admits that the quickness that one can up their credit score is up to each individual, based on the actions they take and the diligence they stick with their credit-score-betterment plan. It could take a couple of months, or a couple of years depending on how conscientiously one is working on seeing progress. She writes that strong efforts will yield strong—if not speedy—results.
RoadFish.com is an online magazine for men between the ages of 30 and about 50 years old. It caters towards men who have succeeded in achieving personal and professional accomplishments, and are always striving towards their next goal. RoadFish.com enjoys writing on topics of men’s fashion, hot chicks, dating services, and food reviews. RoadFish.com’s financial articles include advice on how to budget, how to chip away at debt, and finance in the news such as the credit card stimulus April Fools Day article. RoadFish.com is owned and operated by Purpose, Inc.