You're already paying bills like rent, utilities, and phone service. Bloom+ helps turn those everyday payments into an opportunity to build your credit history.
Getting started with Bloom+ is easy and only takes a few minutes.
Build Credit Without Borrowing
Use bills you're paying instead of taking on new debt.
Get More Value from Everyday Payments
Turn qualifying recurring bills into credit-building opportunities.
Free for Eligible Members
No additional cost with an ITCU Rewards Checking Account.
A. Bloom+ is available to InTouch Credit Union members who are at least 18 years old and have an eligible checking or savings account. If you meet these requirements, you can enroll in Bloom+ and begin using qualifying recurring bill payments to help build your credit history.
A. Yes. Bloom+ is designed to help individuals with limited, thin, or no credit history establish and build positive credit history by reporting qualifying recurring bill payments. By reporting eligible payments such as rent, utilities, and phone bills, Bloom+ can help create a more complete credit profile using bills you already pay each month.
A. Bloom+ helps eligible members build and strengthen credit history by reporting qualifying recurring bill payments, such as rent, utilities, internet, and mobile phone services, to the credit bureaus. This additional payment history may be included in certain credit score calculations, helping create a more complete picture of responsible financial behavior beyond traditional credit accounts like loans and credit cards. Important: Bloom+ only reports eligible positive payment activity and does not report missed or negative payments.
Credit scores are influenced by many factors, including payment history across all reported accounts, the amount of debt carried, and credit history length.
A. Bloom+ identifies eligible recurring bill payments from your connected checking or savings account to help build your credit history. Eligible payments may include rent, utilities (water, electricity, and gas), internet, cable TV, mobile phone service, and other qualifying recurring bills.
To qualify, a recurring payment must have at least three payments within the previous 24 months, including at least one payment made within the last three calendar months. Once your account is connected, Bloom+ automatically reviews up to 24 months of payment history to identify eligible recurring payments.
* Using Bloom+ does not guarantee any specific results, including any improvement to your credit score. The Bloom+ service is intended to help enrich the data set that is used to calculate your credit score by using alternative repayment history that is commonly not used in various credit score models. There are many factors that are generally used in credit score models, and, therefore, Bloom+ cannot predict with certainty how its service will change your credit score, nor can Bloom+ control which credit scoring models will take the furnished repayment data through Bloom+ into consideration.
Upon enrolling and confirming bill payment activity, credit score trending will take up to 90 days to begin being tracked for newly opened ITCU accounts. Existing ITCU accounts with more than 90 days of activity will be able to display credit score trending upon Bloom+ enrollment.
** Bloom+ reports eligible recurring bills to TransUnion and rent payments to Equifax. For additional information, please visit the Bloom+ website.
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Bloom+ does not remove negative information from your credit report and does not guarantee any particular result.
Learn more about our checking account options or open an account online to get started with Bloom+.