How to Add Years of Positive Payment History to a Credit Score

A credit score is a rating credit agencies place on the level of risk involved with lending to an individual. Higher credit scores indicate a lower level of risk, whereas low credit scores indicate high risk. Several factors go into determining your credit score. The number of credit lines you have, outstanding debt, banking information, judgment and lien filings and payment history all have a significant impact. Adding positive payment history to your credit report will improve your credit score and increase your borrowing ability.

Instructions

1

Contact the information provider or creditor. Creditors provide the details or information regarding payment history to the credit agency. You can report positive payment history related to credit cards, rental agreements, mortgages and other financial obligations by contacting specific creditors. Notify them that you do not see payment information on your credit report. They, in turn, should furnish the information to credit agencies for reporting.

2

Contact the credit agencies. Many consumer credit agencies or bureaus compile credit scores on the reports they sell or furnish. Adding your positive payment history can improve your credit score. Notify credit agencies such as Equifax, TransUnion and Experian of the missing payment information. They will conduct an investigation that includes contacting the creditor for verification.

3

Verify the payment information has been added to your credit report. Any changes made to your credit report require the credit agency to notify you in writing and provide you with a free copy of your credit report. If you do not receive a notification from the credit agency, contact them to see whether any changes were made. After any changes occur, compare the credit score on your new credit report to the old one. You should see an improvement.