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Regular Contributor
maluba
Posts: 142
Registered: ‎12-16-2012

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?




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Established Contributor
bettercreditguy1
Posts: 738
Registered: ‎02-11-2012

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.

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Regular Contributor
maluba
Posts: 142
Registered: ‎12-16-2012

Re: Adding Tradelines

Could I ask them to?




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Moderator
Shogun
Posts: 12,875
Registered: ‎04-15-2011

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.  :smileysad:


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Regular Contributor
maluba
Posts: 142
Registered: ‎12-16-2012

Re: Adding Tradelines

*sigh* it was worth a try :smileysad:




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Established Contributor
ktl72455
Posts: 826
Registered: ‎12-09-2012

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)
1/15/14 TU 665 | EQ 648 | EX 655 ~Myfico scores
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Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008

Re: Adding Tradelines

Established Contributor
ktl72455
Posts: 826
Registered: ‎12-09-2012

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)
1/15/14 TU 665 | EQ 648 | EX 655 ~Myfico scores
6/8/14 TU08 666 | EQ08 656 |EX08 655 } EQ04
My Wallet: Cap1 3,500K ~FH 950 Credit One 1000~Orchard Bank 2000~ Matrix 400 ~NFCU nRewards 18K~NFCU Cash Rewards signature| 5K
Last Negs to fall off: 2-Cap1 CO's PD (fall off 1/17)~Forclosure (fall off 1/16)
Established Contributor
ktl72455
Posts: 826
Registered: ‎12-09-2012

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)
1/15/14 TU 665 | EQ 648 | EX 655 ~Myfico scores
6/8/14 TU08 666 | EQ08 656 |EX08 655 } EQ04
My Wallet: Cap1 3,500K ~FH 950 Credit One 1000~Orchard Bank 2000~ Matrix 400 ~NFCU nRewards 18K~NFCU Cash Rewards signature| 5K
Last Negs to fall off: 2-Cap1 CO's PD (fall off 1/17)~Forclosure (fall off 1/16)
Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008

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.


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