PRBC (Payment Reporting Builds Credit) http://prbc.com/consumers/how/billpayhist.php is a national consumer reporting agency and credit bureau. PRBC collects, stores, scores and reports bill payment data for "permissible purposes" under the Fair Credit Reporting Act. It is the first credit bureau to give consumers and small businesses a way to build a credit file to demonstrate creditworthiness without the need to go into debt.

I came across this site while I was searching about how to build credit when you don't have a credit card. This sounds interesting since they will report on-time payments for many of the bills you pay each month like rent, utilities (electric etc.), cable, cell phone, insurance, mortgage, daycare. The big three (3) credit bureaus namely: Equifax, Experian, and TransUnion do not automatically report on-time payments on the above stated bills we pay monthly and payments for the stated bills will only be reported to the big bureaus if your payments are late or in default. Knowing all these, it made me curious if any VJers have tried using PRBC who can possibly reaffirm if it's practical and reliable to use it to build credit history?

We don't have any credit card as my hubby only used debit card and that's why his credit history is very limited. Even if I had a visa credit card from the Philippines which I still currently use because of its dual personality but it's not helping me build my credit here even if I pay it on time each month. So, the only option for the time being is to apply for a secured credit card which I will do very soon.

We are planning to purchase a new car soon that's why we desire to build up credit history as soon as we can. Well, hope you guys can share your thoughts, input in the above stated inquiry. Your response will greatly be appreciated.


Rhosie

I haven't used it myself but I've came across them before. Sounded interesting to me too but it seems nobody knows them so it makes me wonder how credible it is.

They are actually registered with Better Business Bureau and I have found some relative information on the news about them. Also, I requested a BBB reliability report and it stated Based on BBB files, this company has a satisfactory record. BBB reliability report on RRBC this is the link to BBB Reliability Report. So, I guess they are reliable but I was just wondering too why there were only very few who knew them.

If it is not being used widely by creditors, it would not benefit I guess. If this agency will report to the traditional three agencies & the 3 agencies will in turn put this info on your credit file, it might benefit.

The easier way would be open secured card or go to where you bank (whether a CU or bank). They might be able to extend credit especially if you put your salary deposited directly or you place big amount of money in your account.

I will definitely open a secured credit card but at the same time I am looking to other ways where we can improve our credit history. Based on my readings about PRBC, the report that they provide was actually used by lenders when you have a limited credit history. I still need to read more though