Do Utility Payments Affect Credit?
In general, utility bills (if they’re paid on time) do not affect credit. Most utility companies have no effect on your credit unless there s a problem (like if they ve sent your account to a collection agency that reports to the credit bureaus). However, there are a few alternative credit scoring models out there, and those models may be based on your utility payments (gas, electric, mobile phone, cable, etc). These credit scores are useful for people who have not built a rich credit history, but have responsibly paid their utilities for years. • What is Credit? • How Credit Scores Work Return to the main page on factors that affect credit.
