Boost your credit rating
Quick Tip
Get a free credit boost by paying your utility and telecom bills on time.
Did you know Experian has a feature known as Boost? The feature is exclusive to Experian and allows a consumer to add certain monthly bills that you normally pay but not associated with credit.
For the first time, you can get credit for your Netflix, phone, and utility bills only with Experian Boost.
You can raise your FICO score instantly. Consumers on average see an increase potential of up to 13 points! FICO scores matter! They are used by over 90% of top lenders. The higher the credit score, the lower the interest rate you may qualify for to buy a new home, car, etc.
Experian Boost is free and secure. You are not paying to repair your credit. Experian Boost is a well-intentioned service and only reports positive payment histories. If you are working to improve your credit score, seeing your scores go up instantly can be extremely rewarding.
How does it work?
- Go to www.experian.com – Reports and Scores
- Create an account
- Select the “Start your boost” button
- Connect the bank account(s) you use to pay your bills (your information remains private)
How does Experian boost your credit score?
Experian Boost works by finding qualifying on-time bill payments, and, with your permission, adding those payments to your credit file. Only positive payments are reported.
Give it a try!
Shared with you by Angela Pinette, The TAO of Angela, balancing your life through Feng Shui. You can reach her at arpinette@gmail.com
Photo by Lukas from Pexels
About The Author
Deborah Burkholder is the Executive Director for the Institute for Career Transitions. You can reach her at 617-468-7837 or deborah@ictransitions.org
