Making bill payments on time can help you improve and protect your credit score. Your Equifax credit score is based on many factors, including your payment history. In fact, your ability to pay bills on time accounts for 35% of your credit score. Paying bills on time can help you increase your score. On the other hand, frequently missed or late bill payments can have a negative impact on your credit score. Missing 1 bill payment can have a big affect on your credit score — even up to a 150 point decrease. Borrowell can help you make sure you never miss a bill payment again.