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Question By
Jareje

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0 People Helped
Payment History F
We are completely out of debt. however, some answers say 6 years are checked for late payments. So, why isn't that same time period checked for on-time payments? The last debt was paid off last year. Payments should be good to show they were on-time 100% of the time, so the 'F' is bogus.

I see no future in going in debt, paying interest, just to have a better rating. Surely, there is a better way to do the History Payment section.

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Top Contributor
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Monthly bills are not credit

Your monthly bills like cable and electricity are not credit.  Credit is the use of and ability to borrow money and handle it responsibly.  Monthly bills are just that, bills, no loan and loan repayment was involved.  

As for the history on debt payment, the good, the bad, and the ugly are all reported and all factored in.  More recent good credit and older bad credit are less harmful then recent bad credit.  History is not forgotten it just becomes less impactful as time goes by.

If you have no debt at all your credit score will not likely appreciably improve (Lenders look to see that you are using credit and using it responsibly) unless negative items fall off.  Policebox explained it very well.

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