Do you have monthly payments? Here’s how to boost your credit score
LAS VEGAS (KLAS) – If you make your monthly payment on time, binge watching on Netflix may have something to do with improving your credit score.
Experian is one of the top three credit reporting companies and is constantly looking for ways to prove its creditworthiness.
Senior director of consumer education for Experian, Rod Griffin, told 8 News Now that mobile and streaming payments are now coming under closer scrutiny.
“We’ve spent a number of years studying payments for utilities, cellphones, and streaming services, and after looking at millions of examples, we’ve determined that communicating this positive information is predictive of credit risk,” he said.
You can register for free via this link and add your cell phone bills, utility payments and other streaming services.
Griffin said that two out of three people who use this tool see their credit score increase by about 12 points.
Some without any credit can also start building some through the “Experian Go” tool.
“‘Experian Go’ will be really beneficial for people aged 18 to 24 or 25 who are starting to use credit for the first time,” Griffin said.
As part of their response to the pandemic, you can now get your credit report once a week until the end of 2022.