How does Boost help my credit score?
Alex England
Last Update 2 years ago
Boost can help your credit score as it reports your payment history with us to Transunion and Equifax. Payment history makes up 35% of your credit score, so having a positive payment history is important.
Boost also reports as an installment loan on your credit report (although please note, Boost is not a cash loan and no funds are provided up-front). If you don't currently have an installment loan listed on your credit report (for instance, a car loan), Boost can help improve your credit mix (the types of credit you have on your report). Credit mix makes up 10% of your credit score.