Credit Card Center Advertiser Disclosure

Regular Contributor
Posts: 206
Registered: ‎12-20-2012
0 Kudos

"Alternative Credit Data?"


researching for another member on here who wants to know how things like rent payments and utilities paid on time can help her credit score. 


I know there are services that claim to report on time rent repayments to the CRAS (RentReporters, Williampaid).

I know there are 'alternative credit bureaus' that will track your rent, utility, cell phone, child care & tuition expenses and build a 'credit file' for you that you can then present to potential lenders pursuant to your rights under the Equal Credit Opportunity Act, which states that they must consider this additional information befor making a credit determination for you (


Does anyone know if these are effective methods, vs. just being a nice theory? 

Starting Score: EXP 615 | TU 610 | EQ 635
Current Score: EXP 719 (lender pull 10/15) | TU 707 | EQ 700 (lender pull 10/25)
Goal Score: 740
Super Contributor
Posts: 9,668
Registered: ‎01-28-2010
0 Kudos

Re: "Alternative Credit Data?"


These types of tradelines would be ignored by FICO scoring, but may be included in FAKO scoring.

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Valued Contributor
Posts: 1,065
Registered: ‎05-26-2010
0 Kudos

Re: "Alternative Credit Data?"

I would never pay for that sort of reporting, and believe it's likely to be seen as a way of "gaming" the system.  The industry cracked down on use of AUs for the same reason.


Some lenders (NACA for mortgages for example) will use proof from bank statements, landlords, utility bills, etc. in lieu of credit reporting.  And one of the CRAs is trying to build another business gathering and reporting this sort of data.  But services that take an outrageous fee ($96.00 a year) to report payments sound like a bad idea to me.

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
Goal Score: EQ 740 EX 740 TU 740
Take the FICO Fitness Challenge
Community Leader
Epic Contributor
Posts: 29,741
Registered: ‎03-19-2007
0 Kudos

Re: "Alternative Credit Data?"

I would be particulary cautious of any reporting service that requires you to remit payment through them in order to get the info reported to the CRAs.

I would never allow a third party to become involved in the  timeliness of my payment history.


Valued Contributor
Posts: 1,671
Registered: ‎05-24-2007
0 Kudos

Re: "Alternative Credit Data?"

[ Edited ]

Not only is it not worth any payment, but I feel many lenders will look at this as a negative. They may consider NO history better than someone that considers paying rent ontime a positive. Paying a service to report rent or utilites on time seems really desperate and would probably be viewed like a payday loan or similar.


You need to look at this from a lenders perspective. A lender will feel that EVERYONE pays their rent, utilities, etc. on time and is never late. If you don't, then they are likely to be really scared. A person is going to be late on a loan way before they would pay rent or utilities late.


I think you will benefit far more from a secured CC than paying money to someone looking to take advantage of someone with minimal credit history.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.