Can People Have Low Credit Scores, Even If They Pay In Time?

Yes, you can have a low credit score, even if you pay on time. How?

It goes back to the type of credit you have.

• Credit bureaus aren't impressed with two-bit payments to a small store. They want to see how you make bigger payments to bigger businesses.
• Credit bureaus also don't count some types of bigger payments people make, even if they make them on time.

Most credit bureaus ignore payments like these:

• "Rent to own" payments usually don't count with credit bureaus.
• Apartment rent payments usually don't count.
• "Buy here/Pay here" purchases usually don't count.

And here's what really bugs the FoolProof team:

• Many low-income workers make payments like these, and they make their payments on time.
• But they never receive credit for paying on time.

Hey, is there something wrong here?