MicroBilt and PRBC have announced are that they are "teaming to help small-to-medium (SME) enterprises and financial institutions conduct more business with an estimated 50-70 million American consumers with “thin” or no established credit histories. The two companies will merge payment data collected by MicroBilt and PRBC in PRBC’s data repository to help more consumers qualify for FICO® Expansion® scores used by lenders and financial institutions in underwriting new loans. As part of the agreement, MicroBilt will make an equity investment in PRBC."   » Continue Reading

PRBC, a bill payment credit bureau, has announced that its credit verification, reporting and scoring procedures meet or exceed new guidance provided by the Federal Housing Administration (FHA) for verifying "bill payment" histories and establishing credit scores for borrowers with little or no traditional credit files or FICO scores.   » Continue Reading

In an article titled The Credit Rating in Your Shoe Box, Ben Levisohn and Brian Burnsed write for Business Week about Pay Rent, Build Credit (PRBC). "They've captured the attention of lenders right now who want growth in new markets [like the unbanked]," says Michael Turner of Political & Economic Research Council (PERC), a public policy group.

CompuCredit has announced it is "joining with the alternative credit bureau PRBC in an innovative program to help consumers build credit by reporting consumers' positive payment history that is neither received nor reported by other credit bureaus."   » Continue Reading

Pay Rent, Build Credit, Inc. has announced that "the United States Patent and Trademark Office has granted Patent Number 7,139,734 for the company's technology and method for collecting data on commonly recurring bill payments made by individuals and small businesses, and incorporating them in a credit file, credit report, and credit score. Examples of common monthly payments that go largely unreported to traditional credit bureaus include rent, private mortgages, non-prime auto loans, utilities, phone, cable, insurance premiums, pay day advances, and rental furniture and appliances."   » Continue Reading

PRBC, also known as Pay Rent, Build Credit, Inc., has announced that it has "completed a round of equity financing that will enable it to expand its business as the leading "alternative credit bureau" in the United States."   » Continue Reading