Was Experian Increase safe?
For starters, Experian Raise looks at your financial studies, perhaps not your credit report. This means there’s absolutely no borrowing inquiry. And additionally, Experian Improve merely includes for the-time payments, hence include positive percentage history. So, you to definitely bill your paid off three days late just last year will never be incorporated.
That said, it’s important to understand that failing to pay your own electric or any other costs is damage your credit score. But who does happens whether or not you use Experian Increase or perhaps not.
For people who fall behind from the over 60 days, their provider is declaration your bank account since unpaid toward borrowing bureaus. Fee background is actually 35% of your FICO Score. As such, late money is also severely destroy their credit. At the same time, negative activities, such as for example later money, is also stay on their credit reports for eight years.
