- Take a small loan and repay it.
- Get a secured credit card.
- Correct any errors on your credit report.
BILL'S ANSWER
Unfortunately, credit scoring is much too complex a calculation for me to tell you when your credit score should improve without knowing much, much more about your credit history. Even if I had a copy of your credit report, it would be difficult for me to tell you when and if your score would improve based on your current credit history. As you mention in your question, you have been paying all of your accounts timely for the past 5 to 6 months. Continuing to pay your accounts on time should slowly improve your credit profile, but how long it will take for your score to improve really depends on how much damage your credit score suffered during the past 3-4 year, and how many positive credit listings are now appearing on your credit report.
While I cannot tell you when your credit score will improve, I encourage you to continue making your monthly payments in a timely manner, as the longer you make payments, the more positive influence the accounts will have on your credit history. I encourage you to regularly obtain copies of your credit reports from the three major credit bureaus (Equifax, TransUnion, and Experian) to verify that all listings appearing on your report are accurate. If you find any inaccurate credit listings, you should dispute the item with the credit bureau reporting the information. The Federal Trade Commission offers a guide to disputing items on your credit report, available at Ftc.gov
I wish you the best of luck in rebuilding your credit history. I hope that the information I have provided helps you Find. Learn. Save.
Best,
Bill
www.Bills.com
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