When you go through a big life event like a serious illness, the loss of a job, a divorce, or another change in circumstances that affects your financial standing, one of the things that often happens is that your credit suffers. This can feel like adding insult to injury when you’re already hurting from whatever the life change was. Luckily, no matter how far your credit score may have fallen, there’s a way to boost it back up again, given enough time.

Of course, no one wants to wait years to repair their credit score; but depending on what’s on your credit report, it may take up to seven years for your credit to fully rebound. If you want to see a difference in your credit score quickly, here’s the fastest way to rebuild your damaged credit. It won’t happen overnight, but it will happen, so have patience.

The Fastest Way To Get Your Credit Score Back On Track

First, you’ll need to get all of your accounts in good standing. This means ordering a copy of your credit report from each of the three major credit bureaus – Experian, Equifax, and TransUnion – and taking a good look at what’s on them. Make a list of every open account, and which ones are in good standing and which are not. You’ll want to contact each creditor that has your account listed as delinquent, and find out how to get back on track. This could mean making a payment plan, requesting a lower interest rate, setting up automatic payments, or even settling the debt if it’s charged off.

Once your accounts are in good standing, you’ll want to make your payments on time every month without fail. This will eventually begin to improve your credit score. Set up payment reminders so you never miss a due date, and automatic bill pay to make sure at least the minimum amount due is paid on time each month. If you have a high interest rate card, consider applying for a balance transfer credit card that offers a 0% APR for a limited introductory period.

Getting your accounts into good standing and making all your payments on time is the best and fastest way to repair damaged credit. Be patient, and it will happen.

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