<prompt> Human: My building is offering a new service called Rent Plus that reports your payments to the credit bureaus.They say this is a way to help build credit as it shows on time payments. My credit isnt awesome640 but its due to high utilization. My payments have all been on time for the last 10 years and I dont have any negative commentshard inquiriesetc.Would signing up for this service6 and month be worth it or is this something that doesnt benefit me?EDIT: Thank you for the responses. It looks like its not something that is for me. I have one more question - What happens to someone who is part of this program and then moves to another place? Wouldnt the loss of reporting affect the person too or no?  <response>: but its due to high utilizationThen no, this would not help you. If you have a 10 year credit history with no missed payments, a fresh account with payments will not help you a lot.Either pay down your CCs or you can call your companies and ask for limit increases. Make sure they wont do a hard pull so you dont get dinged some card companies do, some dont. Increasing your available credit or paying down your existing credit will help you loads more than some more payment history when youve already established your payment history. Once you get this worked out, you can likely get more limit increases and get your credit up a lot higher.If you want to get the same effect as having a fresh account and making payments, open up a new CC with no annual fee for free. IMO its only good if your credit is truly non-existent or in the dumps to the point that you cant get a CC without less than a 72 annual fee. 