Here is something new to be aware of! Cell phone companies are now reporting account information to Equifax. These accounts will start showing up on your credit bureau file. It is more important now than ever to ensure you keep your cell phone account up to date at all times. While any late payments will not affect your credit score at this time, lenders will see it and it could affect their decision to grant credit. In today’s world of tight credit, it is one more thing to be aware of.
One wonders when other companies will start doing the same.
Please educate the young people in your life to keep their cell phone accounts up to date!
Call us here at Invis West Coast Mortgages for more information.