Get ready for the biggest shift in credit reporting and scoring system in decades.

Two of the companies that help determine your cost to borrow money are adding new features this year that could give your credit score a boost.

The first change, Experian Boost, can potentially get you a higher credit score based on your internet, utility and cable bill payment history. 

This is optional, meaning you can decide whether you want the credit agency to have access to your bank account.

The second program, UltraFICO, focuses on your checking and savings accounts. 

This gives lenders a better idea of how you're managing your finances overall, and can help you if you have some savings but are on the verge of getting denied. 

Privacy advocates say not everyone will want to hand this private information over to these companies.  Especially in light of the infamous Equifax hack in 2017, where personal information was exposed for nearly 150 million Americans.