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re: Account closed by credit grantor

Posted on 2/21/13 at 6:27 pm to
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
70007 posts
Posted on 2/21/13 at 6:27 pm to
quote:

Your credit score will not improve for 7 years (from this infraction)


Not true, the infraction will be on his credit report for 7 years.

The score can improve long before this infraction is removed, as long as he doesn't have any more infractions in the meantime.

Probably will see it start to crawl back up after as little as 2 years, not dramatically though for at least 4.
Posted by TigerDent
New Orleans
Member since Jan 2011
288 posts
Posted on 2/21/13 at 6:34 pm to
Thanks for the advice. I fell behind while in dental school on some cc bills and also had a medical issue happen which caused me to run up some medical bills. Student loan money only took me so far. Since I've been out I've been doing nothing but paying off CC bills and other bad debt. Credit score has gone up a little, but I know it's just going to take time.
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