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6 Things That Do Not Hurt Your Credit Score

Written by:

Rachel Lewin

Edited by:

Kristin Marino

Updated on November 14, 2022

credit score meter When you’re trying to either fix your credit or work on building your credit it is very easy to get confused about what can and cannot affect your credit score. Your credit score comes in handy for loan applications, credit card applications, buying for a home, and sometimes even applying for a job.

Knowing what does not hurt your credit score could help alleviate some of the work you’re putting into getting your credit score higher. Here are a few things that do not hurt your credit score.

Your income – While your credit report will have information about your place of employment, how much you earn will not show up. No matter how high or low your income is it will not make any changes to your credit score.
Utility and cell phone payments – Since these companies might pull your credit before you sign up with them you’ll likely think that making late payments will bring your credit score down. These payments do not hurt or help your score though. Just keep in mind that if you fall behind on payments they may go to collections which then will affect your credit score.
Paying your rent – Again, in some cases your credit might be pulled before you’re approved for housing. This does not mean that making your payments early or late will impact your credit score. If you do miss payments though your landlord could take you to court or the rental company might send the fees to collections causing an impact on your credit report or score.
Your age, race, gender – In the battle of men vs. women, young vs. old there is no real winner because your credit scores do not take any of this information into consideration.
Banking habits – You might come across some financial forms that ask questions about how much money you have in your bank, this doesn’t mean lenders are looking into your banking habits. Your overdraft fees, low balances, and transferring of funds from your savings to checking account are also not taken into considered when your credit score is calculated.
Checking your own credit – While inquiries are shown on your credit report, when you check your own report it will not hurt your credit score. When checking your own score though be sure to use a reputable source.

The Takeaway

There are several other things that will help your credit score such as insurance payments, your interest rates on credit cards, and credit counseling. Becoming financially savvy and knowing what does and doesn’t affect your credit score can help you now and in the future. AmONE can also help you get connected with credit repair services or credit counseling services to help you get your credit score up. Contact AmONE for free to learn about the many financial options that might be available for you.

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Advertiser Disclosure*. The financial products and services on this site are from advertisers from which AmONE receives compensation. Compensation may be based upon whether you click on certain links on this site or buy products or services from those advertisers. We do not receive compensation from consumers. The placement of advertisements on this site are based in part upon the compensation AmONE has or expects to receive from those advertisers. Placement of advertisements does not reflect our recommendation of any advertisers' products or services. Please consult a financial services professional before making any financial decisions. Our advertisers do not include all the financial products and service providers available in the marketplace.

Loan availability, rates, APRs (Annual Percentage Rate), and other terms vary by advertiser and borrower attributes, including borrower location. Lenders have a range of available APRs; only borrowers with excellent credit will qualify for the lower rates. As of 01/11/2024, our advertisers were offering loans to some consumers for as little as a 6.40% APR on a three-year $100,000 loan.

We do not provide financial products or services. Rather, AmONE provides administrative and marketplace services by attempting to connect consumers with service providers offering products and services such as debt settlement and personal loans. We do not take applications or make credit decisions. We may not be able to match you with any of our advertisers. Credit and other decisions and terms are determined by our advertisers based upon the consumer's submission of an application to the advertiser, which may obtain other information about the consumer from third parties. Approval for financial products and services by an advertiser is not guaranteed.

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