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I am 25. My oldest credit line is 7 years old. I have always made my payments, but I used to max out my credit cards which kept my credit score around 640. Approximately 9 months ago I purchased my first home, 2 months after I bought a car. Then in March I paid off the balances on all my credit cards. I have never been late on my home/auto loans, but I am wondering when I will see an increase in my credit score.

1 Thought on How long until my auto/home loan positive payment history improves my credit score?
  1. Reply
    Reena
    November 9, 2011 at 2:43 am

    That depends on how long it takes for the credit card companies to actually report your payments back to the credit bureau.

    They are incredibly fast when it comes to reporting a revolving balance and slower than molasses when reporting payment in full.

    Give it about 60 days and then check your score again….

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