How long does it take to regain a good credit rating after a debt restructuring?
The only way a person can rebuild their credit is to obtain new credit and then use it responsibly. The ability for a debtor to rebuild their credit after debt restructuring will depend on many factors. For instance, it will depend on what type of debt restructuring the debtor has done as some are more damaging to a person’s credit report than others. Some types of debt restructuring can have the debtor start almost immediately while others cannot begin for up to 36 months.