John S Kiernan, Managing Editor
There is no hard-and-fast timetable for when someone will reach good credit. How long it takes depends on a number of different factors, such as your payment history and how long you’ve been using credit. With that being said, it’s possible to build a good credit score from scratch in as little as six months.
But a good score based on limited information won’t last unless you continue to make on-time payments, maintain low credit utilization, etc. And it generally takes at least three years of responsible borrowing to build a consistently good credit score. Potential creditors simply need proof that you can use credit responsibly and afford the spending power provided by a new card.
You can see whether you have a good credit score, plus track your progress moving forward, for free on WalletHub. You can also learn more about how long credit improvement takes from this WalletHub guide.
Chase Freedom Unlimited®
Did we answer your question?