Verizon Sells Bill Pay Histories To Creditors

New incentive to pay your phone bill on time, Verizon will now provide your bill payment histories to credit report agencies. The practice is becoming common among companies that issue monthly bills.

This is good news if you’re credit worthy but lacking the sufficient history of mortgage, car loan or credit card payments. Likewise, bad news if you’re a bum.

The matrix blossoms.

Verizon Reports More Credit Info [RedOrbit]