Final answer:
It typically takes several months of credit fixing to secure a better loan rate by improving one's credit score, and the timeframe can vary depending on the individual. Responsible financial behavior, such as making payments on time and reducing debt, is required for several months to a year to significantly improve the credit score.
Step-by-step explanation:
In order to secure a better loan rate, it would typically take several months of credit fixing to improve your credit score. The exact timeframe can vary depending on the individual's initial credit score and the extent of their credit issues. However, it generally takes at least six months to a year of responsible financial behavior, such as making all payments on time and reducing debt, to significantly improve one's credit score.
A better loan rate becomes possible when lenders see a positive trend in your credit history, indicating that you are a low-risk borrower. This requires consistent, positive borrowing behavior over time. Therefore, it is important to be patient and diligent in credit fixing, as it is a gradual process that rewards long-term responsible financial habits.
Regarding surprise, it can vary from person to person. Some individuals may be surprised by how quickly their credit score improves with dedicated effort, while others may find the process longer than expected. Overall, it is important to approach credit fixing with realistic expectations and understand that it is a gradual journey.
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