PRBC Bill Payment Scoresm (BPS)

The PRBC Bill Payment Scoresm (BPSsm) takes into account many Bill Payment History factors to generate a score between 100 and 1000. Consumers and automated underwriting systems alike can understand the simplicity and predictive power of the PRBC BPS.

Individual trade lines are scored on the length of history for the trade line type and the timeliness of payments made. The timeliness score is affected by slow and late payments, the number and severity of late payment(s), the account type, and the number of months since the most recent late payment. A late payment three months ago will impact the score more than a late payment five months ago.

The overall score is based on the number of trade lines scored and the weighted scores for those trade lines. Trade line scores are weighted to give certain trade line types greater impact on the score than others. For example, mortgage and rent are weighted higher than an electric bill, which is weighted higher than a furniture lease. 

For illustration, a consumer who has made 12 consecutive on-time residential rent payments plus three utility trade line payments (i.e. electric, cable, and phone) would have a PRBC BPS 616. A consumer who has made these same payments for 24 months would have a BPS 689.

It is simple for a consumer or business owner to build their PRBC file and raise their PRBC BPS by paying more bills on time consecutively.

BPS Pie Chart
This chart shows how payment history is used to create a PRBC Bill Payment Score.

To assure data security, quality, reliability, and to mitigate cost, PRBC accepts billing and payment data uploads directly from bill payment service providers, billers, and lenders using an XML format and a Secure Socket Layer Internet connection with 128 bit encryption. 

PRBC assures the reliability and quality of historical data that is provided directly by consumers, by utilizing FCRA-certified specialists to verify SSN, ITIN, EIN, current address, historical lease, mortgage, utility, phone, cable, and other recurring bill payments, along with judgements and collection accounts. PRBC's procedures for historical verifications meet and exceed the requirements of the FTC, HUD, FHA, VA, Fannie Mae, Freddie Mac, and secondary markets for both consumer and business credit.


Last updated: 5/9/2007