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Originally Posted by scorch  I've been hearing lately that a monthly service such as a cell phone can improve your credit. For some reason a lot of cell phone companies like to check everyone's credit. I know the one's that do credit checks want to lock you into a contact. OK, so if they lock you into a contract and you make all the payments on time, does this improve your credit?
Thank you. |
Unfortunately, cell phone companies don't report to credit bureaus unless you are delinquent on the account. You could pay them on time for 20 years and they will never report that. But, if you are late for 90 days, you will definitely see it on your credit report. Not real fair, is it?