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How will this help impact my credit score?

We pay your bills and then collect that money back from you to cover those bills. Other companies act as a third party by simply reporting a generalized summary of your payment history. Because StellarFi is paying the bill on your behalf and collects the funds from your account, we can directly impact your credit score as a payor on your credit report. As a result, we report your positive history and build your credit in a reliable way.

StellarFi will create a new credit account on your credit report. Your on-time bill payments will build your payment history and the credit account will improve your credit utilization ratio (also called your credit-to-debt ratio). We report to two major credit bureaus (Experian®, and Equifax®,) and will use on-time StellarFi payments as factors contributing to official credit scores.

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