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Press Release
Pay Rent, Build Credit, Inc. announces that it will do business as PRBCsm.
March 28, 2005
Annapolis, MD - Pay Rent, Build Credit, Inc. (PRBC), the first credit bureau to provide consumers with the choice and tools necessary to demonstrate fiscal responsibility with rental and other commonly recurring bill payments, today announced that it will do business as
PRBCsm.
Since launching its service to the public on December 10, 2003, PRBC has collected and reported all commonly recurring bill payments, not simply rent, and has changed its name to reflect this. PRBC advocates that
Payment Reporting Builds Credit.
PRBC offers consumers an equal opportunity to build a complete and accurate bill payment history in a voluntary credit reporting system and provides users of traditional credit reports with a more complete and accurate picture of applicants.
About PRBC
PRBC is a national credit bureau with a community economic development mission that is supported with a grant from the Ford Foundation and by Tier I Data Subscribers that include Citimortgage, Fannie Mae, and Freddie Mac. PRBC does not charge consumers a fee and mailing lists are not sold. An Advisory Board and a Technical Steering Committee that includes consumer advocates, educators, faith-based leaders, and industry professionals guide PRBC.
PRBC is powered, hosted, and secured by IBM,
and can be accessed at
www.prbc.com.
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