It generally takes about 12 to 18 months for someone with damaged credit who can only get approved for a secured credit card to improve his or her credit score to “fair” standing. And “good” credit usually won’t roll around until at least a few months later.
https://wallethub.com/edu/improve-credit-score/19579/
For example, three credit card accounts reporting that you are on time with your payments is better than one account. Similarly, a credit limit of $2,000 is better than $200, and a secured card is the only type of credit card that allows you to have direct control of your credit limit.
https://wallethub.com/edu/improve-credit-score/19579/
Pro Tip: You can get another little credit score boost if you target a 10% utilization rate — Americans with the best credit scores tend to have a utilization rate under 10%. If you’re consistently going over that 30% mark, ask your credit card issuer for a credit limit increase.
https://www.credit.com/credit-repair/how-to-improve-credit-score/
1. Make Sure Your Credit Reports Are Accurate. Step one to improving your credit score is checking your credit reports. Each of us has three credit reports — one from each of the 3 major credit bureaus: Experian, Equifax and TransUnion. Credit reports can and very often do have mistakes on them.
https://www.credit.com/credit-repair/how-to-improve-credit-score/
In 2011, FICO published estimates of how long it would take FICO credit scores to recover from mortgage-related problems and found that “In general, the higher (the) starting score, the longer it takes for the score to fully recover.”.
http://abcnews.go.com/Business/long-improve-credit/story?id=33695732
Using a secured card can be an effective way to establish a positive credit history, but it’s not a one-size-fits-all strategy. For some consumers, using a secured card can help their credit within as little as six months of opening the account — for others, notable improvement can take much longer. A secured card is, as the name suggests, secured by a deposit — say, $500 — that serves as your credit limit. If you fail to make a payment, the card issuer can take your deposit. Besides that, it works just like an unsecured credit card, or what you might consider a “normal” card.
http://blog.credit.com/2015/02/how-fast-can-a-secured-credit-card-improve-my-credit-109297/
Companies that calculate credit scores use factors such as your payment history, the amount of money you owe, how long you have had your individual debts and other information to determine how reliable a borrower you are. Credit scores range from 300 to 850, and the higher your score is, the harder it is to increase it.
http://budgeting.thenest.com/long-raise-credit-score-100-points-28319.html
“The best way to improve your score is to use credit responsibly,” says Cynthia Saltzman, head of the Department of Economics at Widener University. “Some advisors recommend that you have a revolving account (credit card) and you do not charge more than 30 to 40% of your credit limit, with 10% being even better.
https://wallethub.com/edu/improve-credit-score/19579/
Bankruptcies may be reported for 10 years, though the credit reporting agencies will remove completed Chapter 13 cases seven years after the filing date. As long as the dates reported for the negative items on your credit reports are correct, you probably won’t have to do a thing to make them disappear.
http://abcnews.go.com/Business/long-improve-credit/story?id=33695732
However, raising your score by a specific number, such as 100 points, is not a challenge with one simple solution that applies to everyone. Your ability to raise your score depends on a number of factors, and how long it takes for anyone to raise a credit score by 100 points differs from person to person. Your credit score represents how good or bad a borrower you have been in the past.
http://budgeting.thenest.com/long-raise-credit-score-100-points-28319.html
how long does it take to increase credit
Differs from person to person