what impacts your credit score

Does that impact my credit score?

The first step in learning to responsibly manage your credit score is to understand exactly which items affect it and how. Commonly asked questions about credit scores include:

  • Do utility bills impact my credit score?
  • Does paying my rent on time impact my credit score?
  • What about insurance payments?

There’s a lot of confusion out there about how certain payments impact scores, so we set out to answer those questions in this post entitled “Does that impact my credit score?” Take a read, and if you have any other questions, feel free to contact Mariner Finance and ask! We’re here to help.

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Explanation: Like age, income does not directly impact your credit score. However, the more income you make, the more money you will likely have to pay down bills. The better you pay your bills, the better your credit score. So, it is key to

establish responsible spending habits.

Child or Family Support

Insurance Payments

Explanation: While your credit score is something an insurance company may use when deciding on coverage, insurance payments do not impact your credit score. Even if they remain unpaid, your policy is likely to be cancelled rather than going to collections.

Utility Bills and Cell Phone Bills

Business Credit Cards

Explanation: If you are the primary account holder on your business credit card, and you pay late, it will negatively impact your personal credit even if the card is for your business.

Checking your credit yourself

Credit Counseling

Explanation: There are rumors that credit counseling could be just as bad for your credit score as bankruptcy. While credit counseling may show up on your credit report, it does not negatively impact your score.

Paying cash and using bank cards and checks


Category: Credit

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