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Consumers can opt to include utility payments and cell phone bills in their Experian credit report to build credit.
What is Experian Boost
Click here to sign up for free Experian Boost™What exactly is Experian Boost and how exactly does it work? Chances are you found your way to 750CreditScore.co because you are looking for ways to improve your credit. If you are in any of the credit repair groups on Facebook, then chances are you have heard someone talking about Experian Credit Boost. If you are wondering if it really works, then the answer is an unequivocal yes, it does work.
Experian Boost Highlights:
- Using Boost lets your phone and utility payments “count” toward your Experian credit score.
- Boost scans all of your bank transactions for payments, and reports only positive payment info.
- It only works with Experian Scores.
- Boost is one of several ways you can build your credit; getting added as an authorized user is another, along with paying your bills on time.
Does Experian Boost Work
Experian Boost works in a simple manner. It connects your bank account(s) and searches for qualified on-time bill payments (they need your permission). It then adds those payments to your credit file, no different than reporting a loan acct on your credit report or a personal loan.
It’s quick and easy and it won’t hurt you unless you don’t make your payments on time. This is a quick and easy way to increase your scores. In the world of credit, every point counts.
Right now, both Boost and UltraFICO influence only your Experian credit report and scores built using that data. You can do other things to strengthen your credit, and the effect of these steps can extend to all three credit bureaus: Become an authorized user on someone else’s credit card