Credit reporting & disputes

Credit report, credit bureau reporting, and credit history

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Written by Fizz
Updated over a week ago

Overview

When you open a line of credit, your information will be reported to two main credit bureaus: TransUnion, and Experian.

The most important thing that is reported to the credit bureaus is the fact that you have an open line of credit with your Fizz card. The following are also reported:

  • Your total credit limit - The total amount of credit available to you

  • Your credit utilization - The amount of credit you have used compared with how much credit you have been extended

[At Fizz, we make it easy to avoid hurting your credit score. By turning on daily Autopay, your purchases will be paid off on a daily basis so you don't build up a balance on your card. With SafeFreeze, your card will automatically lock if you miss a payment on any given day. Your card will stay locked until you make a payment. These features are optional but highly recommended.]

If you do miss a payment, you'll have between 15 and 45 days to make it before your official due date. If you miss that due date, your card will lock automatically, even if you don't have SafeFreeze enabled. You'll then have 30 days to make a payment before a missed payment is reported to the credit bureaus, harming your credit score.

After those 30 days, you'll continue to get missed payments reported to the credit bureaus every 30 days.

If you miss a payment and don’t make it for more than 30 days, your missed payment may also be reported. You can avoid this by turning on Autopay and keeping sufficient money to cover your spend in your connected account. If you do miss a payment, just make sure to cover it as soon as you can.

Credit reporting

If you never had a credit score, it may take a couple of months before your credit score becomes available. This is due to the fact that new credit users simply don’t have enough data on them to generate a score. Don’t worry though, by having a Fizz card, you’re on the right track and you should be able to see your score soon.

Credit history

We do not check your credit history. We don’t believe you should have to have credit to build credit!


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