cancel
Showing results for 
Search instead for 
Did you mean: 

Adding Tradelines

Regular Contributor

Adding Tradelines

Hey, I was wondering, is there a way to add non traditional positive tradelines to your report? Like inusrance payments or utility payments?




Starting Score: 588
Current Score: 610
Goal Score: 650


Take the myFICO Fitness Challenge
Message 1 of 10
9 REPLIES
Established Contributor

Re: Adding Tradelines

The utility or insurance companies would need to do that. It would not behove them to report millions of accounts that are paid on time. Reporting that many accounts would be a logistical nightmare to manage. Conversely, unsaid/unreported is implied good.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico)XP 735 (FAKO)
Updated scores 05/01/17 EQ 824, TU 812 EXP 810 (all Fico scores) Remember the Three P's: Pay early in Full, Pay on Time, Patience
Message 2 of 10
Regular Contributor

Re: Adding Tradelines

Could I ask them to?




Starting Score: 588
Current Score: 610
Goal Score: 650


Take the myFICO Fitness Challenge
Message 3 of 10
Highlighted
Moderator Emeritus

Re: Adding Tradelines

They will not post to your CR.  With utilities, the only way you will see a post from them is a delinquency.  Sorry.  Smiley Sad

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 4 of 10
Regular Contributor

Re: Adding Tradelines

*sigh* it was worth a try Smiley Sad




Starting Score: 588
Current Score: 610
Goal Score: 650


Take the myFICO Fitness Challenge
Message 5 of 10
Established Contributor

Re: Adding Tradelines

Not meaning to Hijack the thread but I have a similar question along these lines.

Types of postive Credit Mix:

I have 3 CC's and nothing else.

 

I have a friend who bought a Bed and kitchen table from a "buy here, pay here" type store. It shows on his credit report as Personal Loan.

 

Is that something I might want to consider just to get a better credit mix on my credit report?

 

 

 

 

 

12/4/12 TU 589 MyFico ~EQ 579 MyFico ~EX 577(Fako)

Myfico 8 scores
7/31/16 TU 710 ~ EQ 699~ Ex 705
My Wallet: Cap1 3,500K ~FH 2950 Credit One 1800~Credit one #2 1500.00~Orchard Bank 400 ~NFCU nRewards 18K~NFCU Cash Rewards signature| 11K ~Care Credit 4,500
Message 6 of 10
Epic Contributor

Re: Adding Tradelines

Message 7 of 10
Established Contributor

Re: Adding Tradelines

Ok thanks! I dont really need anything but I could use the credit boost aspect of it!

 

I'll check into it after I get other loose ends taken care of!

 

12/4/12 TU 589 MyFico ~EQ 579 MyFico ~EX 577(Fako)

Myfico 8 scores
7/31/16 TU 710 ~ EQ 699~ Ex 705
My Wallet: Cap1 3,500K ~FH 2950 Credit One 1800~Credit one #2 1500.00~Orchard Bank 400 ~NFCU nRewards 18K~NFCU Cash Rewards signature| 11K ~Care Credit 4,500
Message 8 of 10
Established Contributor

Re: Adding Tradelines

Is finger hut also considered a installment loan or a store card?

 

Do I need a large balance? The buy here, pay here store shows the balance of your purchases and goes up and down with each payment or new purchase where as Finger Hut has a available credit so wondering if they are the same for the credit mix or not?

 

Is just haveing new postive tradelines showing even if I dont buy anything major enough to help my scores or is there more to this that I should be thinking about beside almost paying double for a item in a trade off for a positive trade line?

 

 

 

12/4/12 TU 589 MyFico ~EQ 579 MyFico ~EX 577(Fako)

Myfico 8 scores
7/31/16 TU 710 ~ EQ 699~ Ex 705
My Wallet: Cap1 3,500K ~FH 2950 Credit One 1800~Credit one #2 1500.00~Orchard Bank 400 ~NFCU nRewards 18K~NFCU Cash Rewards signature| 11K ~Care Credit 4,500
Message 9 of 10
Epic Contributor

Re: Adding Tradelines

Fingerhut would be revolving.  

 

No, just having the mix of credit should suffice.  Shouldn't need to purchase anything or have a big balance,. 

 

You could also get a small personal loan from your bank or CU and it would be installment . 

 

Installment utilization is separate from revolving utilization and has little impact on your score.  What you need is the credit mix.

Message 10 of 10