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What is Payment History? Payment history shows how you've paid your accounts over the length of your credit. This evidence of repayment is the primary reason why payment history makes up 35% of your score and is a major factor in its calculation.

Payment history is the most important factor of your credit score, making up 35% of FICO® Scores. At Experian, one of our priorities is consumer credit and finance education.

Lenders typically update account information with bureaus every 30 to 45 days.

Building a great credit score can take much longer?as long as seven to 10 years in some cases. The reason a strong credit score often takes so long is because one of the factors taken into account is just how long you've consistently paid your bills on time.

It usually takes up to 30 days for your credit to improve after paying off a credit card. The exact timing depends on when your billing cycle ends and when the credit card issuer reports the payment to the major credit bureaus. Lenders typically report once a month.

Your payment history typically includes payments for all your credit cards, installment loans (e.g. vehicle loans and personal loans), retail accounts (e.g. store credit cards or purchases made using store financing or credit), and home mortgage loans.

If you find an incorrect or old late-payment one of your credit reports, you can file a dispute with the credit bureau that issues the report. You can also dispute the mistake with the creditor that sent the information to the bureau, such as the lender, credit card issuer or collections agency.

Paying bills on time and paying down balances on your credit cards are the most powerful steps you can take to raise your credit. Issuers report your payment behavior to the credit bureaus every 30 days, so positive steps can help your credit quickly.

As people use a financial product and pay their monthly balances, the lender may report details about account activity to the credit bureaus. For example, your credit card issuer may report the date you opened a credit card, your current balance and your payment history, including any payments that you may have missed.

97% ? Poor. <97% ? Very Poor.