The average person has a credit score of
645. However, if you have no public records on your credit report, this number
is significantly higher at 793. When it comes to rebuilding your credit history
after a bankruptcy or other event that negatively impacted your score, the time
it takes will depend largely on how old you are and what type of event
occurred. The best way to rebuild your credit is by being diligent with making
all payments on time and keeping balances low.
How Long Will Negative Information Appear on My Credit
Report?
Negative information can be detrimental
to your credit report and score. If you have been denied a loan or been told by
a creditor that they will not extend credit due to negative information on your
account, this is when it's important to know how long the negative information
will remain on your credit report.
The length of time differs depending on
the type of debt and whether it was paid off or settled in full. For example,
unpaid medical debts are reported for seven years while unpaid student loans
may stay on your credit report for up to 10 years.
Whether you're planning on applying for a new line of credit soon or want to
know what might happen if you don't pay back an old bill, understanding how
long these items will appear can help guide decisions.
Read More: https://www.creditrepairease.com/blog/how-long-does-it-take-to-rebuild-your-credit-history/
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