Your history of payment, also known under the name of execution of payment, is the record which you established while paying or by not paying your invoices per hour. This history is recorded on your three reports/ratios of credit which reside at the three agencies of report of credit of the United States: Equifax, TransUnion and Experian. Your reports/ratios of credit will reflect your history of payment on any credit account which you had into 7 to 10 last years. This includes, but is not limited to, of the loans of student, the mortgages, banks and of the credit cards of retail store to the detail and of the automatic loans.

How my reports/ratios of credit know do if I pay my invoices per hour or not?

Simply put, they not. But, your lenders know if you pay them per hour and they bring back certainly your history of payment to the agencies of good or bad report of credit.... It is a process called the paying "lender reporting"by whom your lenders send to the three the credit bringing back to agencies the current state of your account each month by the intermediary of an electronic band. Once received by the credit the report of the agencies of this band is in charge and then race on their data bases creating of this fact a disc updated of your accounts month after month.

Data that the report/ratio of lenders each month is generally based on the activity which occurred for that for the previous period of invoicing. As such, at any hour given your reports/ratios of credit will show the data which are 30-60 days of. The following components of your report/ratio of credit reflect your history of payment.