Cameron DiGiovanni, Writer
@cdigiovanni20
Yes. Montgomery Ward reports to the credit bureaus Experian, Equifax, and TransUnion every 30 days. Reports are sent to these three major credit bureaus for all open Montgomery Ward Credit Accounts, and each report includes information such as the account’s statement balance and payment history. Montgomery Ward will only stop reporting to the credit bureaus when the account closes, which could happen after a year of inactivity, so use your credit line to make purchases each year if you want the account to remain open and reporting.
Opening a Montgomery Ward Credit Account is a great way to boost your credit score, but it will only help if you use the line of credit responsibly. Maxing out your credit line, missing payment due dates, and other missteps will be reported to credit bureaus, which will likely cause your credit score to decrease.
If you’d like to see the effect that your Montgomery Ward Credit Account is having on your credit, you can check your latest credit score and TransUnion credit report for free on WalletHub.
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