About 65 percent of your credit score is amounts owed and payment history. Paying early or on time will improve both elements. Paying early won't directly improve your credit scores, but it sure won't hurt them, says the Experian credit bureau.
What bills can boost your credit?
- Rent payments.
- Utility bills.
- Cable, internet or cellphone bills.
- Insurance payments.
- Car payments.
- Mortgage payments.
- Student loan payments.
- Credit card payments.
Does paying bills boost credit score?
If you want to build your credit score, simply paying your utility bills on time usually won't do the trick. ... Strategies to boost credit scores include repaying debt on time, keeping debt utilization ratios low, and establishing a history of responsible borrowing.