We recently received a great question from one of our readers:
In November 2012 I sold my house via a short sale. Except for that, I have never been late on a credit card or any other monthly payment. How long does it take to rebuild my credit and what’s the best way to do it? My score is around 580-640 depending on the credit reporting company. I recently started a job where my income will almost double and plan on paying the only credit card I have off. How can I get my higher income reported to the credit reporting agencies?