Top 3 Ways Your Cell Phone Impacts Your Credit

    Are You At Credit Risk? 

    As you may know, credit reporting agencies collect all the data on your loans, lines of credit and credit cards to create your credit report and calculate your credit score.This information is then used by lenders—including mortgage lenders—to determine whether you’re a good credit risk.

    What many people don’t realize is that cellphone bill payments can also have an effect on credit rating.

    Nothing is off limits when it comes to credit report, so it is essential to pay your bills on time in order to optimize the calculation of your credit score. The information will get passed along to other credit agencies when missing scheduled payments. Any information submitted to a collection’s agency can affect you for up to seven years!

    Having a negative record with your cell phone provider can have ruin your chances in the decision process for getting approved on a load for bigger, more life affecting loans.  Plus increase your interest rates!

    -And who needs that headache?

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