Payment Reporting Builds Credit - PRBC
Payment Reporting Builds Credit
Approximately 50 million Americans have little or no credit history on file with the Experian, Equifax and TransUnion bureaus but earn a steady income and meet regular payment obligations of rent, utilities and recurring bills. These potential creditworthy customers are often denied for credit offerings due to their "thin" or nontraditional credit history and offer your business a significant population of new creditworthy customers. According to GE Money, there is over $40 Billion of profitable business in providing mortgages, auto loans and credit cards to the under-banked using mainstream financial products.
PRBC® Consumer Report
PRBC Consumer Report with FICO® Expansion® Score offers your business the opportunity to tap into a huge market of creditworthy customers by allowing you to use alternative data from the credit reporting agency PRBC to make credit decisions with minimal risk. When you pull a consumer credit report through Sarma.com and it comes back with a thin file, no trade lines or a no hit, you can now supplement your information with data from the PRBC Credit Reporting Agency.
Mainstream Opportunity Requires Mainstream Tools
PRBC® ScoreCredit Reporting Agency provides the data and the FICO Score to meet your loan decisioning requirements to profitably serve the under-served. The data from the PRBC Credit Reporting Agency include:
- Traditional and bill payment Trade Lines
- FICO® Score
- Employment Information
- Bank Account Data
- Property records
- Bankruptcies, Suits, Liens, Judgments, Evictions, Repossessions and Foreclosures
- Address and Phone information.
PRBC Credit Reporting Agency's Consumer Report with FICO® Expansion® Score includes independently verified "nontraditional" payment data to show lenders that your creditworthy customers have paid their reoccurring bills on time.
The PRBC credit bureau is now positioned to become an indispensable counterpart and/or complement in any transaction where a traditional credit report from Equifax, Experian or TransUnion would be used.
