Build Credit with Bills You Already Pay

Anyone who is 18 years or older with a checking or savings account at a participating financial institution is eligible to enroll in Bloom+.

Currently, Bloom+ reports your eligible recurring bills to TransUnion only. Get more information on any potential updates by visiting the Bloom+ Reporting Matrix.

Bloom+ collects information such as your payment amounts, payment dates, and the types of bills paid. This data is gathered securely from your linked bank accounts and used to report your bill payment history to the credit bureaus. Bloom+ also requires identifying information including your name, address, partial SSN, and date of birth to accurately report to the credit bureaus.

There may be a delay between when a recurring bill is paid and when it is reported to the credit bureau(s). This can be due to processing times, the reporting cycle, and verification steps. If you notice a delay, please check back later. 

Other common reasons include:  

• Credit bureau reporting limits: At this time, TransUnion supports reporting one rent account, up to three utilities, and one telecom account. Even if you attest to multiple accounts in the same category, only the maximum allowed will appear on your credit report.
• Bank account connection: If your linked bank account is disconnected, Bloom+ won’t detect or report new payments until it’s reconnected. You can check and reconnect your account anytime in your Bloom+ profile. 

For more information, please see the Bloom+ Reporting Matrix.

Bloom+ supports the reporting of bills for expenses like rent, utilities (water, electricity, gas), and telecommunications services (internet, cable TV, and cellular phone bills). Specifically, you can currently report up to five accounts to eligible credit bureaus: 

• 1 rent bill (paid to a verified property manager or platform)
• 1 telecommunications bill (internet, cable TV, or cellular phone)
• 3 utility bills — one each for electricity, water, and gas

To qualify for reporting, Bloom+ must detect at least three payments within the last 90 days for each account. These don’t need to be consecutive months, but there must be enough recent history to establish that the bill is recurring. 

The timely payment of these bills may help enrich your credit history. For more information on which recurring bills may be eligible, as well as for a list of the credit bureaus who we currently furnish data to, please see the Bloom+ Reporting Matrix.

If you don’t make a payment, Bloom+ does not report any payment information for that time period. If no payments are identified for three consecutive months, the bill will be reported to the credit bureau(s) as closed due to inactivity*. In the future, if you begin to make payments again on the account, the recurring bill may be reopened. 

Closed recurring bills may impact your credit score. The impact to your score will vary based on your overall credit profile. 

Please note that this action will only affect the credit reporting services provided by Bloom+ and will not impact your bank or service provider (e.g. AT&T) accounts.

To unlink a bank account from Bloom+, log in to your Bloom+ account and navigate to the dropdown on the top right corner of the screen, and select “Profile.” From there, you navigate to Connected Financial Institutions. Within this menu you may manage your bank accounts. Please note that Bloom+ is unable to report recurring bills from an unlinked bank account.

Bloom+ uses encryption, secure data storage, and other industry-standard best practices to protect your personal information. For more information, please see our Privacy Policy.

To stop an active recurring bill from being reported, log in to your Bloom+ account and select “View” for the bill you want to deactivate, then select “Stop Reporting.” Bloom+ will report the bill as closed and will not report any future payments for the bill.

You do not need a password to log in to Bloom+. Simply enter your email address on the login page, and then you will receive a one-time code sent to your phone. You will be brought to your dashboard once you’ve entered the code.