Cameron DiGiovanni, Writer
Permalink Report Abuse
Yes, Montgomery Ward reports to all three major credit bureaus (Experian, Equifax, and TransUnion) every month. Reports are sent to these credit bureaus for the Montgomery Ward Credit, as long as your account is open and active. Plus, each report includes information such as the account’s statement balance and payment history.
Other things to know about the Montgomery Ward Credit:
- 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 Montgomery Ward Credit credit line to make purchases each year if you want the account to remain open.
- Having a Montgomery Ward Credit is a great way to boost your credit score, but it will only help if you use the line of credit responsibly.
- Keep in mind that maxing out your credit line and missing payment due dates, among other missteps, will also be reported to credit bureaus. This will likely cause your credit score to decrease.
If you’d like to see the effect that your Montgomery Ward Credit is having on your credit, you can check your latest credit score and TransUnion credit report for free on WalletHub.
People also ask
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Did we answer your question?