Paying for your own Netflix or Amazon Prime accounts could help you buy a house.
A string of payments for digital subscriptions and more will now be used to boost your credit score for the first time in the UK.
This means people forking out for streaming sites may find it easier to be accepted for everything from a new credit card to a mortgage.
The system is expected to help around 17 million people see their credit scores rise according to Experian.
The new service was is now being rolled out in the UK after originally being launched in America, reports The Mirror.
It means people who make regular payments for things like council tax, into savings accounts and for digital subscriptions can see that reflected on in their credit score.
Initial figures show 17 million people will benefit as a result, with one in eight moving up an entire category.
At launch, Experian Boost will take into account regular payments to the following:
- Digital entertainment services such as Netflix, Spotify and Amazon Prime
- Council tax
- Savings & investments
People using it can see their credit score rise by up to 66 points as a result - that's a bigger boost than registering to vote gets you.
Andrew Hagger, personal finance expert from MoneyComms, said: “I’m sure many customers will welcome the opportunity to boost their credit score in the current difficult financial climate.
“The Experian Boost service is an excellent example of how open banking can deliver tangible rewards for consumers.
"The potential financial benefits of this new initiative could see some customers having access to more favourable interest rate terms and improved credit limits.
“It’s refreshing to see this new partnership between Experian and key UK lenders and I hope it sets a precedent for the wider credit score industry”.
