Does Ava Report to Credit Bureaus

Does Ava Report to Credit Bureaus?

Ava does not publicly disclose its credit reporting policies. For definitive information on whether your account activity is shared with bureaus like Experian or Equifax, it is best to contact their support team directly. Generally, lenders report specific events to credit bureaus, including the following:

• Account Opening: The creation of your new credit account is typically the first event reported.
• Statement Closing Date: Your balance and payment status are usually updated after each billing cycle closes.
• Late Payments: Payments are generally reported as late only if they are 30 or more days past due.
• Credit Limit Changes: Any adjustments made to your total available credit may be shared with the bureaus.
• Account Closure: The closure of your account, whether initiated by you or the lender, is a reportable event.

Who Does Ava Report Credit Information to?

Although Ava's specific reporting partners are not public, credit activity is typically reported to the main credit bureaus:

• Experian
• Equifax
• TransUnion

When does Ava Report to Credit Bureaus?

Unlike many financial institutions that follow a fixed monthly schedule, Ava doesn’t have a set time for reporting to credit bureaus. Instead, reporting is tied to individual factors and specific account triggers. This means the exact timing can differ from person to person, depending on their unique activity and financial events.

How Reporting Can Affect Your Credit Score

Positive impact

• Reporting consistent, on-time rent payments helps build a positive payment history, the most significant factor in calculating FICO and VantageScore credit scores.
• Adding a rental tradeline to your credit report can diversify your credit mix, which may improve your score, especially with limited credit history.
• Including past rental history can increase the average age of your accounts, a factor that positively influences your credit score over the long term.

Potential negatives

• Just as timely payments help, any late or missed rent payments reported to the bureaus will damage your payment history and lower your credit score.
• Unpaid rent that goes to a collections agency will appear as a derogatory mark, severely harming your credit score for up to seven years.

Tips for Managing Credit with Ava

Here are some practical ways you can use Ava to take control of your financial health and build a stronger credit profile:

• Monitor your credit score regularly within the Ava app. This helps you stay informed of any changes and track your progress over time.
• Always make on-time payments for your bills, especially the Ava Credit Builder Card, as payment history is a major factor in your credit score.
• Keep your credit utilization low on your Ava card. Aim to use only a small portion of your available credit to demonstrate responsible management.
• Use Ava's features to understand what impacts your score. This helps you identify specific areas for improvement and build credit more effectively.
• Connect your recurring bills like rent and utilities to Ava to report those positive payments to credit bureaus and enhance your payment history.

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