How to rebuild my credit fast or how long does it take? I have a subprime car loan that I've paid on time for 8 months now.

Answered on December 14, 2013
Updated on December 14, 2013
The content is accurate at the time of publication and is subject to change.
James Williams James Williams

Check your credit history and credit score if you haven’t checked it some time. See if your perfect loan payment history improved your credit score. If your credit score improved, continue making payments on time on your loan to improve your credit score further. Try to avoid missing payments.

You can get a credit card to gear up your credit improvement. You will get a faster improvement of your credit score, if you show you can manage different credit accounts. Consider applying for a secured credit card. Once you have the card, try to use only 30% of available credit or even less. Make all the due payments on time. You can even pay off the card balance every month if you wish.

Don’t forget to monitor your credit reports regularly. That will help you to notice some errors or inaccuracies and dispute them before they lower your credit score. You will also be able to see your progress in credit improving.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

User Comments about This Question


A Group One Platinum Card is not strictly speaking a credit card. It is a shopping card that you can use exclusively at the Horizon Outlet ( The Horizon Outlet is an online store that offers a range of merchandise: men's, women's and children's apparel; home goods; entertainment and electronics; and financial services. You should apply for a card if you are sure that you will buy at this online store often.
The Group One Platinum Card is a shopping card that you can use exclusively at the Horizon Outlet ( It is an online store that sells clothing, toys, small appliances and other small-ticket items. The bank may report to at least one credit bureau and therefore help you build your credit score, but for that you need to pay some costs. All of the fees you mas see in the card's terms and conditions, however be aware of the following: One time Card Issuance and Account Validation fee: $0.00; Monthly Membership Fee: $14.77 - this is paid monthly for the full benefits plan; Late...
No, it can't be used for cash advances. The Group One Platinum Card can only be used to make purchases through the Horizon Outlet website or catalog. This is a shopping credit account, not a credit card. Cash advance features are only available to the credit card owners. Credit cards are not the best source of cash, however, as there are high fees and APRs on cash advances. Debit cards are the best for cash advances.

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There is a credit card for any credit and for any purpose. Whether you want to start building your credit from scratch or earn rewards on purchases, save on gas or travel for free, you can find a good credit card offer for that.