(KKTV) -- Your credit score could get a boost this year thanks to some of the biggest changes in credit reporting in decades.
As it stands now, your number is based on your history of payments for things like credit cards and loans.
Soon you can grant one of the scoring agencies access to your online bank accounts for a look at your bill paying history. It's called 'Experian Boost' and it could increase your score based on your payment of utilities and cable bills.
"It pulls that information out and analyzes and says, 'Wow you've done a good job of paying those bills," said Matthew Schulz, financial expert, www.comparecards.com. "That means you're probably a better credit risk than you otherwise would have looked."
The second program is called 'UltraFICO'. It gives lenders a better idea of how you're managing your finances in your checking and savings accounts.
Of course, some of you may be hesitant to hand over your private information, especially following the Equifax hack a couple years ago that exposed consumers' personal information.
Click here to find out more information about Experian Boost.
Click here to find out more information about UltraFICO.