Q&A Video – Does My Cell Phone Contract Build Credit?

John Ulzheimer

John Ulzheimer | Q&A Videos

Jul 17, 2015

Some types of credit accounts will report to the credit reporting agencies, while others will not. Unfortunately, cell phone accounts, as well as rent and utility contracts, will not help build your credit.

It’s important to know, though, that if one of these accounts becomes delinquent and is sent to a collection agency, that will show up on your report as a prominent negative mark. Learn more about how these items affect your credit in our video with credit expert John Ulzheimer.

Was this helpful?

The Insider

John Ganotis
Metal Credit Cards You Can Get Right Now
John Ganotis | Jul 26, 2017

Read More
John Ganotis
Review of the Blue Business Plus Credit Card from American Express
John Ganotis | Jul 25, 2017

Read More
John Ganotis
Review of the Amex EveryDay and Amex EveryDay Preferred Credit Cards
John Ganotis | Jul 20, 2017

The Amex EveryDay and EveryDay Preferred Credit Cards are popular reward cards, but is either worth getting? Read our review to find out.

Read More