Good afternoon, Bo. How do I get alternative tradelines such as a water bill to report on my credit report? Do I need to contact the water company and ask them to do it? How much does it cost them to report it regularly?
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utilities are not considered credit
phone, water, electric, insurance. They do not report unless you do not pay.
sometimes one can get rent reported with a direct credit reference
http://www.oskie.com/free-letter/direct-credit-reference-sample-form-letter.htm
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Wouldnt the rent have to be from a "management company"?
If an "individual" or "management company" reports it do they have to pay the bureaus to report it regularly like any other tradeline?
What about "rent to own" companies?
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rent is direct credit reference only
most bureaus do not count rent into fico scores
so no
rent to own means"nothing" on a credit score
Sunday, June 29, 2008
Adding alternative tradeline to credit report
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