Paying your utilities can help you build credit, but only if you are using a utility reporting service. Only loans and revolving credit lines are automatically reported to the credit bureaus. Utilities, rent, subscriptions, and more are not reported unless late payments are sent to a collection agency. There are third party companies that can …
The Grow Credit Mastercard is a credit card designed to help you build credit by paying the bills that you already have. The credit card is virtual and links to your bank account for processing automatic payments. There is no hard credit check or interest charges. And with their basic service, you can improve your …
Having your cell phone payments appear on your credit history can help you build credit. But unfortunately, no cell phone companies report your account information to the credit bureaus. So instead, you’ll need to use a third-party company specializing in reporting utility bills. Do Cell Phone Companies Report to Credit Agencies? Cell phone companies do …
What Cell Phone Companies Report to Credit Bureaus? Read More »
Did you know that the most common bills you pay every month do nothing to help you build credit? For example, monthly payments made to your landlord or electricity provider do not typically appear on your credit file. Only credit card payments and loan payments get sent to the major credit bureaus (by the loan …
As a business owner, business tradelines are critical to getting good financing. Trade credit and other credit tradelines help build your business credit history and business credit scores. We’ll outline the type of business tradelines you need to build your business credit and how to get them. Business Tradelines: What Are Business Tradelines? Business Tradelines …
Business Tradelines That Report: Which Ones You Need and How to Get Them Read More »
When you have a small business and are trying to establish a business credit score or build good business credit, opening tier 1 business credit vendor accounts is essential. These vendor credit accounts are great for building business credit, and they can help you improve your cash flow. We have thoroughly researched and have determined …
Tier 1 Business Credit Vendors [Updated 2022 List] Read More »
There are many types of tradelines that appear on your credit reports. A credit tradeline consists of any account you have with a lender or service provider. This can include credit cards, loans, and utility payments. Managing these tradelines well contributes to good credit. So if you have bad credit, taking a hard look at …
MyFICO and Credit Karma are two of the most popular credit services. Their products both have different strengths and weaknesses. Our verdict: Credit Karma is better for casual credit monitoring, since it is free. MyFICO is better if you are getting ready for a major purchase, like a home or a car. They require that …
If you are keeping a good handle on your finances, and your FICO credit score suddenly starts taking a nosedive, you might start to panic. You haven’t made any recent changes to your credit file in the way of opening new accounts or maxing out your credit cards. So why did your credit score decrease? …
Why Did My Credit Score Go Down When Nothing Changed? Read More »
Your credit reports are directly tied to your Social Security number (SSN). When applying for new credit (i.e., a credit card), your credit profile is checked using your SSN. A CPN scam is a type of synthetic identity fraud where you use a SSN that has not been assigned to you by the Social Security …
What Is a CPN Number? (And Why You Should Avoid One) Read More »
