Experian Credit Score: How Does it Work and Benefit me?
Experian Boost allows you to authorize Experian to look at how you pay other bills which wouldn’t in most cases affect your score, namely utility and cell phone bills.
YES, then want to link to your bank account.
If you have a good track record of paying these bills on time, you could benefit (as long as you’re in the program) by having your score bumped a few points. (Experian insists that only “positive” payment information is added to your credit report.)
Experian makes it clear that people’s scores will be affected differently. Those with “thin” files (people who don’t have much credit history), people with scores below 680 and those who want to move up a tier are most likely to benefit from Experian Boost. Some people will see no effect whatsoever.
The main concern for many people is that you are giving a credit bureau access to your bank account; data breaches have become very common, so it’s important to make an informed decision here.
To master your knowledge of credit scores and reports, here’s another short and great article for you