+43 points to Experian using Experian Boost

[Anonymous]

Hey all! I have been contemplating for a while about using experian boost. I was cautious since it uses your bank account but it is a secure connection and I really only pay my utilities out of my checking and use my credit cards for everything else. My credit is pretty new so I dont have a long payment history with literally opening my first credit card 3 months ago. I was able to link 2 bank accounts and it pulled 24 months worth of payment history for 3 seperate utilities.

My Experian Fico 8 score was 582 before and is now at 625 with experian boost! Woot! I did it for my husband as well and he went up 30 points from 581 to 611. All of our other Experian fico scores improved as well, except the mortgage score which had no change. If it would have been a smaller increase I don't know for certain I would have used it since I hesitated reading other people only having around 10 point boosts using it but since it was such a drastic amount, I'm very happy with it!

[Clockworkz]

Congrats on the increase, my credit union isn't in the database for me to use it as I tried a little while ago. I'd love to see what mine would be.

[kxkxkxx]

Wow nice!...I tried it myself...however, I live in an Apartment....so Experian wont allow you to enter "APT" and then the number...numbers only.

My Checking Account place won't allow you to only put the number, you need "APT", so they cannot "talk" to each other when it was scanning.

I wrote to Experian to see if they will allow the "APT" otherwise I can't use it

[Anonymous]

Does this report if you’ve had late months with payments or just that you make them?

[Anonymous]

How is your credit pretty low if you opened you first card(s) very recently?  Did you have loans or other accounts on your report that weren't paid as agreed at some point?

[Anonymous]

I had a few old utility collections from 4-5 years ago on my report. And no it does not report missed payments so there is no negative impact if you are late or miss a month. 

[Anonymous]

If you have collections present I would think they're adversely impacting your scores.  A collection is not the same as an account that shows payment history.

[masscredit]

How does this work?  It looks like the bills have to be paid from a bank account? I always use a credit card, usually use the same card, to pay my bills each month but sometimes.

[Anonymous]

It does use your bank account. It pulled my internet, phone and electric bill. Which I pay with debit since they usually charge a fee to use a credit card. From what I've read here you can sign up and if it doesn't find anything you can always cancel/opt out. 

[masscredit]

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@Anonymous wrote:

It does use your bank account. It pulled my internet, phone and electric bill. Which I pay with debit since they usually charge a fee to use a credit card. From what I've read here you can sign up and if it doesn't find anything you can always cancel/opt out. 

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 It would be worth paying from my checking account to gain 30-40 points but I can't remember the last time a lender pulled my EX score.