Credit Reporting
You have to pay your utilities anyway, so why not get credit for it? SimpleBills’ credit reporting allows you to build positive credit when you pay your utilities on time – without accumulating debt.
Your credit score is made upof several factors:
- Low credit utilization (don’t max out your credit card!)
- History of credit (the length of time you have been paying a loan or a credit card)
- On time payments
Report your SimpleBills’ payment history & build credit.
Reporting your SimpleBills’ payment history is a great way to add another “trade line” to your credit report and build credit without having to apply for a loan or get a credit card. The better your credit, the better the interest rate will be for big purchases in the future.