Experian Boost™ previously added Netflix® to its list of eligible bill payments, and now HBO™, Hulu™, Disney+™ and Starz join the growing list of qualifying streaming payments.
If you’re looking to improve your credit score, Experian Boost is a free service that lets you get credit for paying monthly bills on time.
Traditionally, Experian Boost only allowed you to add utility and phone bills, including internet, gas and water bills. But that all changed in July when Netflix® became the first streaming service on Experian Boost.
“We aim to stay abreast of evolving consumer needs and trends. Like cable, streaming services have become a staple in consumers’ lives. Our lifestyles are changing, not only due to COVID-19, so we continuously explore where there are new recurring payment histories. Positive video streaming payments were a natural next option to add to Experian Boost,” Jeff Softley, President of Direct-to-Consumer at Experian Consumer Services, tells CNBC Select.
To date, more than 600,000 consumers have added a streaming service account to Experian Boost, according to an Experian spokesperson.
New Experian Boost consumers can already start to add on-time HBO™, Hulu™, Disney+™ and Starz bill payments, while the option will become effective for existing users in mid-November.
Getting credit for eligible bills with Experian Boost is easy and free. Simply follow these three steps:
Experian Boost may pull positive payment data as far back as 24 months. Late payments on linked accounts won’t be reported through this service — though you should still pay outstanding bills as soon as possible to avoid late fees.
Experian Boost also includes access to your Experian credit report and FICO score, both updating every 30 days. You’ll also receive Experian credit monitoring and alerts for changes on your credit report, such as new account openings in your name and balance updates.
Learn more about how Experian Boost can help raise your credit score.