Opening a new tradeline—such as a our Credit Account or Bill Reporting service—can cause a slight dip in your credit score initially due to the new account mix and other factors. However, over time, consistent on-time payments reported to the credit bureaus help build a positive payment history, which is one of the most important factors in your score. When kept in good standing, this kind of tradeline can strengthen your credit profile and improve your score long-term.
Kikoff does not report missed or late payments to the credit bureau, so your credit score will not be negatively impacted through Bill Reporting. However, your utility provider may still charge late fees or take other actions if you miss a payment—so it’s important to continue paying your bills on time.