is a credit-booster tool introduced by Experian in 2019. It's free to use . It scans your bank accounts for recurring utility bill payments, such as internet and electricity, then includes your on-time payments in your credit score calculations.
The credit bureaus don't typically include these types of bill payments in their calculations, so including them can be a real win if you're young and don't have much credit history — or you're a fanatic like me and get a thrill from seeing your credit score rise., I started by logging into my Experian account and linking my bank accounts. Then, I answered some questions about which accounts I use to pay bills and let the algorithm do its thing.
Experian automatically scanned my chosen bank account for utility bills and identified my gas, water and power, Netflix, cell phone, and internet bills as relevant. The whole process took barely five minutes, especially since I pay all of my utility bills from one bank account. To my delight, my score immediately went up by 14 points after Experian reviewed my bill-payment history and included it in my score. any late payments you've made in the past, it also won't count them against you. Plus, you have the ability to choose which bills you want counted, so if you have a long, clean history with one or two utility companies, you can select those for the best chance at increasing your score.
this is terrible news
Its a scam they use to gain your permission to track more of your personal information. Why would you allow them to do that for 14 points? You can increase a credit score 14 points by paying your bills on time for 3 months.
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