Can paying a phone bill build credit?

+1 vote
asked Feb 4, 2018 in Credit by dmax2020 (300 points)
Can paying a phone bill build credit?

Does paying cell phone bills on time help to build your credit rating and credit scores?

1 Answer

0 votes
answered Feb 4, 2018 by Prigen (12,000 points)
Paying Cell Phone bills and other Utility bills on time does not improve your credit score since the Utility companies are not lending you money therefore it's not credit so they don't report your on time payments to the credit bureau's.

Now if you don't pay the utility bills or cell phone bills on time and get those services shut off for non payment and they get sent to collections then it will impact and lower your credit rating.

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