Utility bill payments typically don’t affect your credit score because most utility companies don’t report on-time payments to the credit bureaus.
Now, however, your utility payments can have a positive impact on your credit report.
Does utility bills affect your credit?
Generally, things like rent payments and utility bills aren’t reported to credit bureaus, so you don’t get “good credit” for making those payments on time. However, if one of those bills is overdue, it might end up hurting your credit, if the company you owe sends the bill to a debt collector.
What is utility credit?
Utility credit is the credit extended to users of gas, electricity, and water services. Having an account with a utility provider is a lot like having any other credit account: You get service now and pay for it later. And, like other creditors, utility companies keep a record of your payment patterns.
How can I get utility bills on my credit report?
Currently, it is the only way you can get credit for your utility and telecom payments. Through the new platform, users can opt in to allow Experian to connect to their bank accounts and identify past utility and telecom payments—including cable and phone bills—that were paid on time.
Will running a credit check hurt my credit?
Checking your own credit won’t hurt your score. If you check your credit score yourself, it doesn’t hurt it. But if a lender or credit card issuer does, it might. Either way, you’ll see an “inquiry” on your credit report.