does having a cell phone build credit?
misscassie1226 asked:
Does having a cell phone( the kind with a monthly plan, NOT a prepaid) and paying your bill every month build your credit?
Diane
Does having a cell phone( the kind with a monthly plan, NOT a prepaid) and paying your bill every month build your credit?
Diane
November 4th, 2008 at 8:21 am
Nope, but you can use it in some circumstances to give info. to a lender or when applying for say a credit card. Remember, just because it doesn’t report what you’ve done good, does not mean they won’t report to your credit when you owe them money. Keep it current!
November 4th, 2008 at 11:17 pm
No it doesn’t. Bad credit can either mean you can’t get one in your name, or if you can you have to pay anywhere from 200-1,000 just to activate it in your name. They don’t build credit though. Credit cards(if used correctly), car payments, and loan payments in general will help/hurt your credit.
November 5th, 2008 at 10:58 pm
no they take away credit when mis a payment.
November 7th, 2008 at 6:46 pm
For more information try bankratecom and most important bey very responsible with secured credit your credit card for more information try bankratecom and most important bey very responsible with your credit card for more information try bankratecom and most important bey very.