Today’s question is: Does My Cell Phone Contract Build Credit?
Ask us your credit questions in the comments and find your next card at https://www.creditcardinsider.com/

Some types of credit accounts will report to the credit reporting agencies, while others will not. Unfortunately, cell phone accounts, as well as rent and utility contracts, will not help build your credit. It’s important to know, though, that if one of these accounts becomes delinquent and is sent to a collection agency, that will show up on your report as a prominent negative mark.

Every week, John Ulzheimer answers YOUR credit questions. Email us, give us a call, or ask on live chat, and we may answer your question on YouTube!

To learn about credit scores, credit reports, managing debt, and how credit cards work, check out our learn section at https://www.creditcardinsider.com/learn/

If you’re looking for a credit card, start your search at https://www.creditcardinsider.com/credit-cards/

Join our community!
https://plus.google.com/+Creditcardinsider
https://twitter.com/cardinsider
https://www.facebook.com/CreditCardInsider
https://www.creditcardinsider.com