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You can attempt to add positive accounts to your credit report by requesting that your lender report your account to the three major credit bureaus. Some lenders report to just one or two of the major bureaus (Experian, Equifax, TransUnion), so your credit report may vary based on which company is putting it together. Others may choose not to your report at all, as there is no law that requires lenders to report information to the credit bureaus.
Most major lenders report to at least one of the major credit bureaus, so you are only likely to run into this issue with smaller, local lenders. If you are hoping to add more open accounts to your credit report, there are also services available to add rent payments and utilities to certain score calculations.
You can apply for a secured card and use it responsibly, too. This will help you boost your credit score organically.
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How can I add missing accounts to my credit report?
You can add missing accounts to your credit report by contacting your lenders directly and asking them to begin reporting the accounts to the credit bureaus. Just bear in mind that lenders have the discretion to choose which credit bureau(s) they report to, so if they don't report to the bureau that produced your report, you may need to pull another bureau's credit report.
It's also important to note that the names lenders use...
read full answerHow can I report rent payments to the credit bureaus?
To report rent payments to the credit bureaus, sign up for a rent-reporting service such as LevelCredit. These services report on-time rent payments to the major credit bureaus for inclusion on your credit report. Some require your landlord to create and maintain an active account, while others just require verification that they own or manage the property and have an active lease with you.
Subscription Services to Report Rent Payments to Credit Bureaus:
... read full answerDo utilities affect your credit score?
Paying utility bills on time won’t help your credit score. But failing to do so could hurt it. Most utility companies (e.g. cable, internet, gas, electric) do not report account information to the major credit bureaus on a monthly basis, you see.
So on-time payments won’t add positive information to your credit reports – the key to credit improvement. Rather, utility bills are generally reported to the bureaus only when they’re past-due and/or sent to...
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