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Does Katapult Report to Credit Bureaus
July 1, 2025
Quick Answer
Katapult does not report your payment activity to the three major credit bureaus: Experian, Equifax, and TransUnion. Consequently, making on-time payments through the service will not directly contribute to building your credit history.
Katapult and Your Credit
Katapult is a lease-to-own provider that allows consumers to acquire durable goods without traditional financing. It partners with retailers to offer payment plans for items like electronics and furniture, primarily targeting customers who may not qualify for conventional credit due to their credit history or lack thereof.
The company's core offering is its lease-to-own agreement, which functions differently from a typical loan or credit line. While not guaranteed, Katapult may report your payment history to credit bureaus such as Experian and Equifax, potentially impacting your credit score as you make timely payments.
Does Katapult Report to Credit Bureaus?
There is no definitive public information on whether Katapult reports to major credit bureaus. Lease-to-own services sometimes share payment history, including on-time payments, late payments, and account status. For the most accurate details on their reporting practices, it's best to contact Katapult's customer support directly.
If they do report, here are common triggers that could lead to an update on your credit file:
- Opening a new lease agreement could be reported as a new credit line on your report.
- Your payment history is typically reported after each billing cycle closes, reflecting on-time or missed payments.
- Payments that are more than 30 days late are often reported, which can negatively impact your credit score.
- Closing your account, either by completing payments or through early buyout, may also be reported to the bureaus.
- Defaulting on your lease agreement would likely be reported and could significantly harm your credit history.
Who Does Katapult Report Credit Information to?
While Katapult does not publicly specify which credit bureaus it reports to, lease-to-own companies that do share data typically work with the three major agencies:
- Experian
- Equifax
- TransUnion
When does Katapult Report to Credit Bureaus?
Katapult does not follow a rigid schedule for reporting to credit bureaus. Instead of sending updates on a specific day each month, reporting is influenced by individual factors and specific triggers related to your account. This means the timing can vary and is often tied to your payment history and account status rather than a fixed calendar date.
How Reporting Can Affect Your Credit Score
Positive impact
- Making consistent, on-time payments helps build a positive payment history, the most heavily weighted factor in both FICO and VantageScore models.
- Successfully completing your lease agreement demonstrates creditworthiness and responsible financial behavior, which can strengthen your overall credit profile over time.
Potential negatives
- Any late or missed payments can be reported to the credit bureaus, negatively impacting your payment history and lowering your credit score.
- Defaulting on your lease agreement will result in a significant negative mark on your credit report, causing substantial damage to your score.
Tips for Managing Credit with Katapult
- Always make your payments on time to avoid late fees and maintain a positive payment history. Consider setting up automatic payments so you never miss a due date.
- Incorporate your Katapult payments into your monthly budget. This ensures you have the funds available and prevents financial strain while you enjoy your new items.
- Take advantage of the early purchase option if your budget allows. Paying off your lease ahead of schedule can significantly reduce the total amount you ultimately spend.
- Before committing, carefully review your lease agreement. Understanding all the terms, conditions, and total costs helps you make informed financial decisions without any surprises.
- If you anticipate trouble making a payment, contact Katapult’s customer service proactively. They may offer solutions to help you stay on track with your agreement.
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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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