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I started a contract with at&t for internet service last year, and I was wondering if the contract with them can affect your credit score? I’m just wondering, I don’t have any credit so it doesn’t matter to me either way.

3 Thoughts on Does having a contract with at&t raise your credit score?
  1. Reply
    July 10, 2012 at 1:21 pm

    Not one bit.

    Things like cell phones, gym memberships, rent, utilities etc. have no effect on credit unless the accounts are sent to collections and then reported.

  2. Reply
    July 10, 2012 at 1:34 pm

    If there is to be Best Answer awarded, it goes to Spifiman. He is correct.

    Monthly bills are not credit. You’ll notice that you pay at the beginning of the month, not the end. And simply, if you stop paying, you just lose your service. So it counts nothing for good credit. If you quit paying, and still OWE money on a bill, then some companies will report that to the credit agencies. And that counts against you.

    The ONLY way to build a credit score is to establish an actual credit record, the granting of credit. It can be a single small loan, or a credit card, or even a short-term payment contract that includes interest, although that last one may or may not be reported to a credit agency for good or bad. If you buy something from Aaron’s rent-to-own, and you pay it all off, they will put a good mark into your credit record. If you don’t pay it off, they just take their stuff back, and no remark goes into your record since, technically, they’re not offering credit. I don’t know if Rent-A-Center does the same thing now since they compete with Aaron’s.

  3. Reply
    Ed Atun
    July 10, 2012 at 1:38 pm

    Not your credit score. It can affect your ability to obtain new credit. You can show a history of on-time payments to ATT as proof of your creditworthiness.

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