May 17, 2016
“It all depends on what the negative item was,” Jorie Johnson, a financial planner with Financial Futures in New Jersey, said in an email. “Typically, it takes seven years after removing a negative item for it to be 100% removed from affecting your credit score.”
March 7, 2016
Or “open a savings account,” says Jorie Johnson, a certified financial planner based in Brielle, N.J. “Put [any extra money] in there and when the amount... equals the principal owed, mail it in and pay down the entire balance of the loan.