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Vanyel wrote:They're not extending you credit. They're billing you on a month-by-month basis for a service or product receivedActually thats not strictly true. They are indeed extending you credit as most utilities bill you in arrears. This is why they do indeed have permissible purpose to pull your credit when you apply for utilities. They just don't normally report as accounts. If they did they would report as a charge type account with the balance due in full each billing period.Van
That's true, Van --that's a much better description. Still grateful! Imagine Comcast or AT&T let loose on my reports --brrrr.
@haulingthescoreup wrote:That's true, Van --that's a much better description. Still grateful! Imagine Comcast or AT&T let loose on my reports --brrrr.
@Anonymous wrote:They're not extending you credit. They're billing you on a month-by-month basis for a service or product receivedActually thats not strictly true. They are indeed extending you credit as most utilities bill you in arrears. This is why they do indeed have permissible purpose to pull your credit when you apply for utilities. They just don't normally report as accounts. If they did they would report as a charge type account with the balance due in full each billing period.Van
@WhirledPeasPlease wrote:
@haulingthescoreup wrote:That's true, Van --that's a much better description. Still grateful! Imagine Comcast or AT&T let loose on my reports --brrrr.
@Anonymous wrote:They're not extending you credit. They're billing you on a month-by-month basis for a service or product receivedActually thats not strictly true. They are indeed extending you credit as most utilities bill you in arrears. This is why they do indeed have permissible purpose to pull your credit when you apply for utilities. They just don't normally report as accounts. If they did they would report as a charge type account with the balance due in full each billing period.VanExactly the reason that when I was in trouble utilities came last. (And yes, I did have my elec/water shut off once.)Oddly enough I was on the phone with AT&T awhile back and inquired about adding their digital TV product and dropping comcast. Somehow it came up that I had 'perfect credit' with AT&T. I thought, huh? and said as much. She said my payment history is perfect. So it seems even though I wasn't always diligent in paying them on time, they still love me.
WhirledPeasPlease wrote:Exactly the reason that when I was in trouble utilities came last. (And yes, I did have my elec/water shut off once.)Oddly enough I was on the phone with AT&T awhile back and inquired about adding their digital TV product and dropping comcast. Somehow it came up that I had 'perfect credit' with AT&T. I thought, huh? and said as much. She said my payment history is perfect. So it seems even though I wasn't always diligent in paying them on time, they still love me.
Good luck! TU loves me (well, sorta) for some reason. Too bad we can't swap a few scores.
ByrdMan wrote:
I live in WI and the good ol' utility company reports to TU here. It drives me up the wall. They actually show up as "other" on myFICO. On the tri-merge, it shows up as a Commercial account. Had some trouble with the account during divorce and consequently the thing is reporting some 90 day tardies. UUGGGGHHHH! Consequently, my TU FICO is 564 compared to 677 & 742 at the others. I am going to GW them tomorrow. Can't hurt.
Be grateful that they don't report in your area.
Message Edited by ByrdMan on 01-01-2008 07:47 PM