- Centurion Member
- Posts: 639
- Joined: Sat Aug 24, 2013 8:45 pm
- Location: Grand Forks, ND
Without a doubt... paying phone, utility, cable, etc, etc does not usually get reported. A notable exception is if you become delinquent on paying the bill. In that case, it will be reported as a collection. Trust me, I'm 44 years old and I've never had any of the dozens of utilities in my name show up in my credit report. In theory, they probably could (even though technically speaking they really aren't extending you credit. They're not loaning you money; they're extending you service assuming good faith that you will pay them for the service already rendered). If they did report monthly, it opens up a floodgate of new rules, regulations, and laws which no phone company, utility, etc would want to deal with.
Having a score of 740 at 21 years old is not that difficult to obtain even with a credit history of one card. 35% of your score is paying on time, 30% is utilization, and around 10% is inquires. So if you had one card, always paid on time, and kept utilization low- 750 is definitely attainable. 800 would probably not be very likely, though.
And income is never part of your credit score, although it is almost always a factor in the credit grantors decision.
In my Wallet:
Sometimes in my Wallet:
- Amex PRG NPSL[3-14, bd 91]
- Sallie Mae MC $8000[1-14]
- Chase Freedom $4700[1-14]
- Discover It $2750[8-13]
- BoA UCF Alumni Cash Rewards $5000 [3-15]
- GM BuyPower WEMC $5000[9-14]
- Wells Fargo Propel 365 Amex $7000[4-14]
- Barclaycard Arrival WEMC $7000[3-14]
- BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450