Outlook Money
A Good credit score is very important for individuals who plan to get loans sanctioned or get credit cards issued.
Mobile bill payments may not directly impact the credit score but these affect the financial responsibility of an individual. Mobile bill payments do not affect an individual’s credit utilisation ratio or overall credit score.
Credit scoring models are changing and there is a possibility that utility bill payments, including mobile bills, can be used to access individuals without a traditional credit history.
Failing to clear dues of mobile bill payments can have a negative impact on the credit score. If the bills are sent to the agency, then it might reflect on the credit score.
For maintaining a high credit score, it is suggested to clear credit card bills and loan EMIs timely and maintain a credit utilisation ratio below 30 per cent.