I have paid them, maybe not within 30 days, but they are paid and in full as of now. I am so worried this will affect my credit. I have received disconnection notices, but was never disconnected. The most I might of gone was 45 days. I am so worried. I was in between jobs and can now get caught up on everything. Will someone give me some good news?
Yes, most energy companies report, even if it is only late. When getting approved for a real estate loan, one of the main credit lines for 1st time home buyers is the utility company. But there is good news. Every month that goes by that you pay on time, your score will heal a little. Make it a point to pay on time, within 6-12 months, you will see a big change in your reported score. After a certain period of time, you can even request that they remove or improve your score. Give them a call, talk with their customer service rep, follow their guidelines and you will be back in shape in no time. There are even some companies that will work with you to clean up your scores, for a fee of course. But it is worth it if you need the scores to be higher.
February 25th, 2010 at 4:27 am
If inclined to do so, A creditor CAN check with your local electric company. I doubt that they’d just up and do it for no reason. Just try to get it paid on time and if you can’t—talk to them and make payment arrangements. Establish a good communication history with them. That will count, too.
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February 25th, 2010 at 5:07 am
my gas company reports every month so I make sure that one is payed early. IDK about the electric in your area, mine doesn’t do it.
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February 25th, 2010 at 5:38 am
NO! Only if the bill goes to a collection agency 120-190 days late then it would. Your ok…
It may be 90 – 120 days?
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February 25th, 2010 at 6:03 am
Yes, they will go on your credit report . It will show up as past due.
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February 25th, 2010 at 6:32 am
Yes, most energy companies report, even if it is only late. When getting approved for a real estate loan, one of the main credit lines for 1st time home buyers is the utility company. But there is good news. Every month that goes by that you pay on time, your score will heal a little. Make it a point to pay on time, within 6-12 months, you will see a big change in your reported score. After a certain period of time, you can even request that they remove or improve your score. Give them a call, talk with their customer service rep, follow their guidelines and you will be back in shape in no time. There are even some companies that will work with you to clean up your scores, for a fee of course. But it is worth it if you need the scores to be higher.
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Work in real estate lending since 1978
February 25th, 2010 at 7:22 am
You need to either call the electric company and ask if they report to CRAs or get a copy of your credit reports. My electric/gas company does not report to the CRAs.
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February 25th, 2010 at 8:11 am
Yes they do.
Check your credit report. If you are an American you can do so for free once a yr. You also can file a response to any bad entries.
Though, I doubt you got bad mark after 45 days, I would still check it out.
The link to your free report via the US gov is below.
Hope I helped!
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http://www.ftc.gov/bcp/conline/pubs/credit/freereports.shtm
February 25th, 2010 at 8:45 am
You are entitled to one free credit report per year from each credit agency. You don’t need to wonder, guess or list to wild theories if the electric company reported, you can find out for yourself.
References :
annualcreditreport.com