Yes, it is very much possible to improve your credit score in a matter of months and become eligible for loans. However, nothing will change at all if you only sit on the couch and worry! All you need to do is to follow some simple tips, and make sure you consistently follow these steps till you achieve your desired score. These tips can push your score in the right direction.
There is no fixed time for rebuilding your score. Naturally, the lower your score, the longer it will take. A credit score of 750 is seen as the minimum required in order to have a good chance of qualifying for loans and avoiding rejection.
On average, it takes 4-12 months to reach a stage where you can become loan-eligible. If your score is between 650 and 700, it will take a few months to reach 750. If your score is less than 650, it will take more time.
There is no overnight quick fix for improving your score. Just like your health report, it takes some patience, change in habits, and self-discipline to see results. Once you achieve a good score, the rewards are life-long.