Do Electric Companies Report Delinquent Accounts to Credit Bureaus?

I agree with "everything" bdancer posted.

Utility companies generally don't report to the credit bureaus. But if the account has been turned over to collections, the collection agency will report the item.

Do you still live where this company supplies your electric? If so, I would think resolving this account would be second only to your mortgage company. Have you tried contacting local agencies for assistance with the power bill? There are usually funds available for situations like yours.

In any case, they are not going to wait a year to start a payment plan.

Those negatives from 2000 should be falling off your credit report. If they don't fall off, dispute them as being beyond the 7-1/2 year reporting period. When they do fall off, it won't improve your score much as the older the item, the less impact. Every time you apply for a credit card, it dings your score. Multiple credit inquiries in a short time will take a big bite out of your score. Your best bet at this point would be a secured card. Go to your bank and apply. You put up a deposit which is used as collateral for the credit card. Use the card and pay it in full and on time every month. After about 6 months, you should be able to get a regular credit card. Also use it and pay in full every month. You really need at least 24 months of consistent, on time history before you'll see improvement in your score.

If it goes to a collection agency it will eventually makes its way to your credit report. If they do report it, it will stick around on your credit for quite a while, something like 7 or 10 years, in which case, if I were in your position, I would be telling the utility provider something to the effect of, "If you report it, the damage will already be done, so don't ever plan on seeing a dime from me." See if that changes their attitude.

It really is not the end of the world. Until 2006 I had flawless credit, then I got divorced, all my money went out the window, the house got foreclosed and my credit suffered pretty badly. Your creditworthiness may suffer but life goes on. I've learned that living within my means is a better way to go anyway, and I live every bit as well as I did before, probably better, not to mention I am happier. Don't let lenders keep you poor for the rest of your life.

Best of luck!

It really depends on the electric company, and if the collection agency is working for them or if they bought the debt. The only time I see them on credit reports is where there's trouble. The only way you'll know if it's there or not is to look at your credit report. But if you look today, it could be there tomorrow. Can you try to make arrangements with them to get them to back off a bit?

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if it's gone to collections, it will probably appear on your credit report, but worse than that, you might get your electric shut off and not be able to get it turned back on until you pay off that bill

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Some co. if they have their own crdit dept they do report you. You can get a report of you credit history to verif. if its so!

Yes they do - try to make payment agrangements