4 Things That Will NOT Affect Your Credit Score
Everyone's worried about any and every financial decision they make showing up on their credit report and potentially ruining their credit scores. After all, there's nothing worse than making important financial choices that should be helping you, only to have them come back to haunt your credit profile.
This article will focus on the other side of the coin; the stuff you DON'T have to worry about. Because while knowing what you do have to worry about taking care of is important, knowing what doesn't matter as much to credit repair can free up any additional worries you may have.
So without further adieu, here are 4 things you don't have to worry about ever affecting your credit score.
1. Your income.
You'll typically find personal information like past addresses and employment info listed in your credit report, but one area of your finances that you don't have to worry about showing up is your monthly income, both past and present. Creditors and lenders are more interested in what you do with money than how much of it you have.
2. Account overdrafts.
If your bank account is ever in the red for whatever reason, you can rest a little easier knowing it won't show up in your credit history. While overdrafts are generally something you want to avoid anyway (those fees are a real pain), your bank won't typically take the time to beat you while you're down and report the overdraft to the credit bureaus.
3. Your utilities.
Just like your past rental history, you won't have to worry about utility bills showing up on your credit report, either. Anything from electric and cell phone bills to insurance accounts generally stays off your report unless they fall into collections.
4. Any type of credit counseling or credit repair service.
If you've been on the fence about hiring a company to help fix your credit, you can rest easy knowing that no one reports your use of a credit counseling service to the credit bureaus; you're allowed a cheat sheet on this exam. Just make sure to read a few credit repair reviews before actually hiring one.
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