@chrismcd01 wrote:Hello. I have an Elastic account that I have not used. Their terms say they "may" report but I have not seen anything. While I would assume they woudl report something bad (i.e. default) - do they report anything else. For example, similar to a credit card or other loan? Yes, I know I shouldn't use them and don't really plan to. I am just looking to rebuild where I can. I have a limit of $2500 and was thinking of taking out $100 just to show credit availability. But, if they don't really report anything it isn't worht it.
My spouse has an Elastic account that was opened recently with a 2500 limit. He has actually had 1000 of that limit direct deposited into his checking account. His first payment isn't due until September so I don't know how or whether it will report to the bureaus. It's a costly form of credit which I, myself, wouldn't utilize but my advice on the matter was not heeded. So, we shall see how this plays out. He's not really into credit monitoring and could care less what appears on his reports or how much he pays for credit.
I'm not sure this is the sort of lender you want reporting to the CRAs. It'll leave a residue.
Starting Score: (5/24/2018) -- FICO 08 EXP: 643; FICO 08 TU: 642; FICO 08 EQ: 677 
No, they don't report positive information to the CRA's.
