One of my first videos was a comparison video between Experian Boost and Ultra FICO. So I'm here to update you guys on Experian Boost and Ultra FICO. For more videos like this one, hit that subscribe button. But for now, let's go ahead and get into the video. What's up guys? It's Jay and welcome to Flashpoint. We're all about credit, credit cards and other finance tips. If you're new to the channel, please consider subscribing. Also, give this video a like and comment down below with your thoughts on this video. I really appreciate it. If you haven't seen that video comparison of Experian Boost and Ultra FICO, I will link it in the cards right here. So that way you can kind of get a background of what exactly both of them are. But for the sake of this video, it is basically just an update video to clarify a few more things that people have some questions about. So that's kind of where this video is headed. So just wanted to give you guys a heads up. So Experian Boost is a free service that will allow you to connect your bank account in which you pay your utility bills with two Experian Boosts to allow you to add more payment history to your credit profile and then boost your Experian credit score. Now, I've seen a lot of comments where it has worked, where it has jumped up somewhere between 13, 14 points, some people have seen where they've jumped up to 35 points and whatnot. And I've seen some people who have only seen either a three-point jump or no jump at all. And just to give you guys a little bit of clarification on some of the information I was able to get from Experian. So one thing to know is that when a consumer connects their bank account to Experian Boost, Experian will be able to conduct a scan on that bank account to search for on-time payments for utility bills such as your water, your gas, your light, and your cell phone bill. This will then allow you to boost your Experian credit score by adding new trade lines and more positive payment history to your credit file. However, one thing to know is that some financial institutions are limited in the amount of transaction history that they will share. And in these cases, Experian will include as much history as the financial institution will allow. The scan will look for at least three payments in the last six months to a utility or telecom company. And then we'll give you the option to add the accounts as trade lines to your credit profile. And in case you're worried about security in terms of your banking credentials, one thing to know is that Experian will not store your user name and password into the Experian membership or into their system. Also, you need to know that the amount your experience score is boosted is not necessarily related to the number of utilities you choose to add to Experian Boost. Like in most cases, everyone's credit file is different, so the score would be unique to what's on the consumer's credit file. For example, you can have a consumer connect three utility payments and get a three-point boost. And then you can have another consumer connect only one utility payment and get a 15-point boost. There are also instances where a credit score will not even move or even go down. This is why Experian gives complete control to the consumer on whether or not they want to keep a utility connected to Experian Boost or not. Also, one thing to know is that if you just so happen to be making debit card transactions to your utility companies and it is connected to Experian Boost, the scan will in fact pick up those telecom and utility companies that are made through a debit card because your debit card is directly connected with your bank account. And finally, in my last video, I had one of my viewers comment if you could use both Experian Boost and UltraFICO and I can actually confirm that yes, you can use both. The reason for this is because both services use data in a different way. Experian Boost allows a consumer to update their actual Experian credit file by adding new trade lines. And UltraFICO does not change the credit file. UltraFICO is essentially a new credit model. Just like FICO 9 is different from FICO 8. So basically, UltraFICO is its own scoring model. So you can actually use both services. If you're looking to boost your credit through both UltraFICO and Experian Boost, you can actually combine those and see how that turns out. I would urge you to watch my first video so that way you can see what the differences are between the two services and kind of make your own decision once you've seen that video. And one more thing I wanted to add guys is that Experian Boost does not pick up credit card payments. I've seen some people being misinformed in some of the comments sections of other videos by the person who is actually reviewing the Experian Boost and they are misinforming people that Experian will pick up credit card payments and that is absolutely not true. It will only pick up debit card transactions that are made to your telecom or utility companies because your debit card, like I said before, is directly connected with your bank account. So the scan will pick up your debit card transactions but it will not pick up credit card transactions. So make sure that you guys know that that is one thing that should be cleared up right now. And that'll conclude today's video guys. From more video updates, hit that subscribe button. If you found this information to be helpful, give this video a thumbs up. I really appreciate it. Share with your friends. Drop a comment down below to let me know where you guys are with your credit and credit card journey. 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