http://www.privacyrights.org/fs/fs6c-CreditScores.htm#4
I pay my bills on time, but in cash. Can I ever hope to get credit?
Fair Isaac has developed a new scoring model designed to score credit risk through “non-traditional” data obtained from various data vendors. This, the company claims, will make credit easier for the nearly 25% of the population that either has no credit file or too little information to benefit from traditional scoring models. The kinds of accounts covered in what Fair Isaac calls the FICO Expansion Score include deposits with a bank, records with payday lenders, and purchase payment plans.
I have a loan on my title and having trouble building credit. If the info on the link is true how do I get it reported.
Can Title Loans Like The Payday Advance Be Report To The Bureaus?
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Toledo/Metcalf, OH
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1) The creditor has to be someone who participates in the credit reporting system. Some lenders do not. Most title loan companies probably do, but perhaps not all of them. I’ve seen some very small store front operations that probably don’t use the credit bureaus.
2) Ask the title loan company to report your payments. See what they say.
3) Get a free copy of your credit report at annualcreditreport.com. Pick an item that is related to the title loan or to any other loan and “dispute it”. Use the dispute letter as a way for you to self-report your good payment history.
Good luck.