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Answers
The answer to your query depends on the other loans history for you before the settlement.
Responded by:Responded on25th May 2015
It is also dependent on how much time you took to settle off the account after being marked as non-performing. If you currently do have active loans that you are servicing, and if you do not miss any payments, then it will probably take 8-12 months for your credit score to be back up to a decent level. If you possess a credit card, then you should also use it very wisely and make full payments on time. Never use more than 50% of your credit limit until it is absolutely necessary. If you currently do not have a credit card, then you should get a secured credit card against a fixed deposit and use it wisely. This will help you in getting get your score back up a little faster.
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