JUMPSTART YOUR CREDIT!
POWERED BY
Jumpstart Your Credit with your recurring bills
JumpStart, powered by Bloom+, helps you add positive payment activity to your credit history* by reporting eligible bills you already pay, like rent, utilities, and phone service.
Getting started is easy!
- Open a Checking Account
- Enroll in Bloom+
- Select the eligible bills you want to report
- Watch your credit bloom
WHAT IS JumpStart?
A Simple Way to Strengthen Your Credit Profile
Bloom+ is a free credit-boosting tool that lets you report recurring, eligible on-time bill payments that typically don’t appear on your credit report, all without borrowing money or opening a new line of credit. By choosing which eligible bills to report, you can:
- Add positive payment history
- Enrich your credit profile over time
- Do it using payments you already make
Details at a glance
- Free with your checking account
- No loans or credit cards required
- No new debt
- Secure, opt-in reporting
- Simple setup
Support & FAQ
Having trouble? Use our support resource portal to submit a support ticket.
What is JumpStart and how does it work?
JumpStart is a service provided by Bloom Credit (Bloom+) which allows you to select certain eligible recurring bill payments that you would like to report to the major credit bureaus in order to demonstrate positive payment history. These recurring bills may include rent, utilities (water, electricity, gas), and telecommunications services (internet, cable TV, and cellular phone bills) identified from your checking and/or savings accounts.
Who is eligible to enroll in JumpStart?
Anyone who is 18 years or older with a checking or savings account at a participating financial institution is eligible to enroll in Bloom+.
Can I use JumpStart if I have a limited or no credit history?
Yes. JumpStart can help individuals with thin or no credit files establish and build credit history by reporting qualifying recurring payments.
How can JumpStart help me?
With JumpStart, powered by Bloom+, you can expect certain recurring bills, such as rent, utilities, and telecommunications to be included in your credit history. Once furnished to the credit bureaus, this additional data may be included in certain credit score calculations that show a more holistic view of your responsible consumer behavior beyond traditional credit accounts.
Credit scores are influenced by many factors, including payment history across all reported accounts, the amount of debt carried, and credit history length.
Which credit bureaus will receive my recurring bill payments reported through JumpStart+?
Currently, Bloom+ reports your eligible recurring bills to TransUnion. For more information on which recurring bills may be eligible, please see the Bloom+ Reporting Matrix.
Why do I see Bloom+ listed with the financial institution that I use on my credit report?
Since Bloom+ is the technology provider that reports your recurring payments to the major credit bureaus, you may see Bloom+ listed alongside your financial institution or service provider on your credit report.
See the full FAQ list here - Frequently Asked Questions - Bloom+
Credit reporting results may vary. Not all payments are eligible.
*Credit bureau reporting subject to Bloom+ terms and conditions.
*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.
** Bloom+ reports eligible recurring bills to TransUnion. See FAQs for additional information about Bloom+.