How will this help impact my credit score?

We aren’t a lender in the traditional sense. We pay your bills and withdraw money from your account 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 are able to 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. While StellarFi is NOT a credit card or a loan, 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 all three major credit bureaus (TransUnion, Experian, and Equifax) and will use on-time StellarFi payments as factors contributing to official credit scores.

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