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Does Dave Report to Credit Bureaus
July 1, 2025
Quick Answer
Dave's standard ExtraCash advances do not affect your credit, as the company does not report payments to the credit bureaus. For users looking to improve their score, Dave offers a separate, optional credit-building feature that does report your payment history.
Dave and Your Credit
Dave is a financial technology company that provides services through its mobile app. Its signature feature is the ExtraCash advance, which offers small, short-term loans to help users manage expenses and avoid overdraft fees. These advances traditionally do not involve credit checks or reporting to credit bureaus.
To help users establish credit, Dave also provides a Credit Builder service. This optional feature reports timely payments for recurring expenses, such as rent and utilities, to the major credit bureaus. This reporting can help create a positive payment history on a consumer's credit file over time.
Does Dave Report to Credit Bureaus?
Dave's specific credit reporting policies are not publicly detailed. While some features may report payment history, it's unclear if all accounts do. For definitive information on what is shared with bureaus like Experian or TransUnion, it is best to contact Dave's customer support directly.
Generally, credit reporting is triggered by several key events:
- Account Opening: Opening a new credit-related account is reported, establishing its age on your credit history.
- Statement Closing: Your balance and account status are typically reported to bureaus shortly after your monthly statement closes.
- Payment Activity: On-time and missed payments are key data points that lenders report during each billing cycle.
- Late Payments: Payments are usually reported as late only if they are 30 or more days past the due date.
- Account Status Changes: Closing an account, whether initiated by you or the lender, is also reported and can impact your credit.
Who Does Dave Report Credit Information to?
While specific reporting practices can vary by product, Dave may report account activity to major credit bureaus such as:
- Experian
- TransUnion
When does Dave Report to Credit Bureaus?
Dave does not adhere to a specific, set timeframe for reporting to credit bureaus. Instead of following a fixed monthly cycle like many traditional lenders, the timing of reports can vary. It largely depends on individual factors and specific triggers related to your account activity.
How Reporting Can Affect Your Credit Score
Positive impact
- Reporting consistent, on-time payments for recurring bills like rent and utilities helps establish a positive payment history, which heavily influences your credit score.
- For those with limited credit, this reporting adds a new tradeline to their file, helping to build a credit history from scratch.
Potential negatives
- Failing to make a payment on time that gets reported by the service will negatively impact your payment history, likely lowering your score.
- Adding a new account can slightly reduce the average age of your accounts, a scoring factor that might cause a temporary, minor dip.
Tips for Managing Credit with Dave
Managing your credit doesn't have to be complicated. With the right tools and habits, you can take control of your financial health. Here are some actionable tips:
- Use Dave’s ExtraCash feature for emergencies only. Borrowing just what you need helps you stay on budget and avoid depending on advances for regular expenses.
- Build your credit history by reporting rent and utility payments with LevelCredit. This simple step can positively impact your score with all three major credit bureaus.
- Take advantage of Dave's built-in budgeting tools to monitor your spending habits. Understanding where your money goes is the first step toward better financial control.
- Set up low-balance alerts to stay ahead of potential overdrafts. These notifications give you a heads-up, helping you manage your cash flow more effectively.
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Editorial Disclosure: Opinions expressed here are those of Kudos alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
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