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Credit card video: Unusual items on your credit report

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By CreditCards.com staff

Unusual items on your credit report

Jeremy Simon: Did you know that unpaid library fines can hurt your credit score?

I’m Jeremy Simon, with the CreditCards.com ‘To Your Credit’ Minute.

More and more organizations are reporting your payments, or lack or payments, to the credit bureaus. That means a wider variety of data can impact your ability to borrow money, and at what rate. For example, cities and towns are tattling on you for unpaid parking and speeding tickets. Cell phone providers and their collection agencies may report on mobile phone bills. And if you miss a child support payment, your credit bureau will hear about that too, even if they don’t factor into the calculation of FICO scores.

Utility bills are less often reported to the credit bureaus. However, some utilities have begun to pilot test the reporting of electricity and water payments.

Finally, third party collection agencies may report unpaid medical debts owed to a doctor or hospital.

In other words, an increasing variety of bills need to get paid on time, every time, if you want to keep that credit score up.

CreditCards.com's Jeremy Simon talks about how unexpected items such as library fines, cell phone bills and speeding tickets can appear on your credit report and hurt your credit score.



Published: March 11, 2009


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Updated: 12-04-2016


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