What Bills Help Build Your Credit?

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You probably know that skipping bill payments can drop your credit score. Find out what bills help build your credit or potentially harm your credit.

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Making on-time payments that are reported to your credit history is great. That means your credit score is getting a positive benefit from those payments.

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Paying your bills on time is one of the best ways to build credit for the future.

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All of the following bills could impact your credit score for better or worse. - Rent payments - Utility bills - Insurance payments - Mortgage payments - Medical bills

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Only debts and payments reported to the credit bureaus can impact your score.

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Also remember that building your credit is completely doable, but it might take some time. Be patient—pay your bills on time and in the meantime, try a few other methods to bump up your credit.

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FOR MORE ABOUT THIS POST, VISIT RADICAL FIRE

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