Personal Finance
Loans
Improving Your Credit Rating
Money Management

How long does it take for a loan payment to improve your credit score?

User Avatar
Wiki User
September 13, 2011 12:34AM

Although making a loan payment will have a positive effect on your credit score it may take time to show. You will need to have approximatly 6 months of on time full payments of any debt before a good rating is received and this does not stop a bad rating from showing up from the same creditor

Basic thing to remember one late payment (30 days or more) can show on your credit score....to show a positive note it must be 6 months of good payments.