Credit score question?

Hi, my name is Kirby.

I have around $9000.00 in dept from when I was a teenager, I'm 26 now and my credit score is 530. How long will it take to bring my credit score with a credit resto. agency to 640 for a fha mortgage loan?

Update:

If people say credit agencies don't work why do they have such good reviews?

2 Answers

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  • 6 years ago
    Favorite Answer

    if you still owe a balance in the past due amount, figure you are looking at two years - FHA requires two years of always on time credit history and the lender can institute even stricter standards. So, assuming some of that debt is still owed, once you pay it off you start counting towards the two years. A credit restoration company cannot make it move any faster.

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  • 6 years ago

    Forever. Scores don't go up when you use a credit restore agency. Scores only go up without one. Your score won't go up until you stop using the credit restore agency.

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