https://ficoforums.myfico.com/t5/General-Credit-Topics/Do-Rental-or-Utility-Tradelines-Matter/m-p/6568907#M322806 <P data-unlink="true">Gotcha, thanks! Some of the services I found searching around look interesting. This article claims that FICO 9 and 10 reports rental tradelines, so I was wondering how effective they were. Sounds like not many lenders are using them at all yet.&nbsp;</P> Mon, 25 Jul 2022 03:11:05 GMT FreedomWizard 2022-07-25T03:11:05Z https://ficoforums.myfico.com/t5/General-Credit-Topics/Do-Rental-or-Utility-Tradelines-Matter/m-p/6565089#M322675 <P>I've been checking out services that report rent and utility bills for my brother, who needs to build credit. I like the idea of it, but I'm not sure how effective they are compared to getting credit cards and installment loans. These would be great for him, because he doesn't have much income, and I'm afraid that he'd be irresponsible with a secured credit card.</P><P>&nbsp;</P><P>Anybody had good experiences with reporting rent and utilities?</P> Thu, 14 Jul 2022 23:04:31 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/Do-Rental-or-Utility-Tradelines-Matter/m-p/6565089#M322675 FreedomWizard 2022-07-14T23:04:31Z https://ficoforums.myfico.com/t5/General-Credit-Topics/Do-Rental-or-Utility-Tradelines-Matter/m-p/6565102#M322676 <P>I wouldn't recommend it. It gives them way more info for them to build a more extensive profile on you, which they monetize. Most lenders won't consider in lending decision. Better off starting off with secured cards, or something like OpenSky.</P> Thu, 14 Jul 2022 23:11:53 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/Do-Rental-or-Utility-Tradelines-Matter/m-p/6565102#M322676 blindambition 2022-07-14T23:11:53Z https://ficoforums.myfico.com/t5/General-Credit-Topics/Do-Rental-or-Utility-Tradelines-Matter/m-p/6566989#M322774 <P>Cant build credit w/o revolving accounts. They run the show more than loans more or less. These utilities reporting wont cut it. Get a secured at $200 and make sure he makes the payments on time and doesnt carry a balance. If your worried about secured. Unsecured might be down the road once responsibilty kicks in with a secured card.</P> Mon, 18 Jul 2022 18:30:42 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/Do-Rental-or-Utility-Tradelines-Matter/m-p/6566989#M322774 FireMedic1 2022-07-18T18:30:42Z https://ficoforums.myfico.com/t5/General-Credit-Topics/Do-Rental-or-Utility-Tradelines-Matter/m-p/6568907#M322806 <P data-unlink="true">Gotcha, thanks! Some of the services I found searching around look interesting. This article claims that FICO 9 and 10 reports rental tradelines, so I was wondering how effective they were. Sounds like not many lenders are using them at all yet.&nbsp;</P> Mon, 25 Jul 2022 03:11:05 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/Do-Rental-or-Utility-Tradelines-Matter/m-p/6568907#M322806 FreedomWizard 2022-07-25T03:11:05Z https://ficoforums.myfico.com/t5/General-Credit-Topics/Do-Rental-or-Utility-Tradelines-Matter/m-p/6569795#M322846 <P><a href="https://ficoforums.myfico.com/t5/user/viewprofilepage/user-id/1133241">@FreedomWizard</a>The main go to is 8. Yes 9 is being used more and more. 10 isnt used by anyone yet that I've seen on here. First things first. Build some revolving credit lines. Responsibility will be the main driver in your case due to past history. Its good your trying to help out.</P> Mon, 25 Jul 2022 11:01:21 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/Do-Rental-or-Utility-Tradelines-Matter/m-p/6569795#M322846 FireMedic1 2022-07-25T11:01:21Z