Home › Forums › Credit Reports & Scores › Which on-time payment will actually improve your credit score?
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August 26, 2023 at 8:39 pm #11982Geoff MassanekModeratorAugust 26, 2023 at 8:42 pm #11988Team StellarFiKeymaster
On-time payments that are reported to all the major credit bureaus – Equifax®, TransUnion®, and Experian® – will improve your credit score. The most common payments that are reported to credit bureaus are credit card payments, mortgages, auto loans, and student loan payments. Rent and utilities are typically not reported to credit bureaus, so paying your rent on time does not affect your credit score. Some landlords and phone providers may report your on-time payments to one or all three credit bureaus, which can help you improve your credit score.
Insurance payments – like car, home, and health, do not affect your credit score because they are not typically reported to credit bureaus – but late or missed insurance payments may hurt your score.
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