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.
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