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Hello All,
I was told by my college that there is a thing called "self-reporting payments." Now obviously you can't loan yourself money and say to a credit bureau, "Hey, I got a loan for $5,000 and I paid it off in 7 months." It has to be from a legitimate company such as your cable, electric/gas, phone provider(s) and or your landlord if you rent your place. It would also possibly work with my school or with the car I bought even though it is in-house financed.
However, I'm not sure how I would do this. I did a Google search and I found this :
http://www.bankrate.com/finance/credit-cards/boost-credit-score-by-self-reporting.aspx
That is the extent of what I found so I visited the website PRBC and I didn't find any information on there -- or maybe I am overlooking it?
Does anyone here know what I am talking about, how you go about it?
I've heard about this, but have yet to see anyone (as in here on the forums) ever had this info added to their reports.
I'm guessing you have little or no credit history, correct??
Yes, correct.
And I have to tell you I think having no credit is worse than having bad credit. I can't get approved for anything and what I do get approved for the rates are incredibly high or the deposits are just ridiculously huge.