News & Resources

MicroBilt Relaunches the PRBC® Report with FICO® Expansion® Score Enhanced with Public Record, Bank Account and Other Predictive

KENNESAW, GA, Feb 23, 2010

MicroBilt Corporation today announces the relaunch of its PRBC® Report with FICO® Expansion® Score, the leading alternative consumer report. The enhanced PRBC Report culminates a year of development and redesign of the consumer report following MicroBilt’s acquisition of Pay Rent, Build Credit, Inc., the credit bureau that issues the PRBC Consumer Report, as well as the acquisition of the exclusive rights to the FICO Expansion Score from Fair Isaac Corporation and the completion of several major data acquisitions. The new enhanced PRBC Report with FICO Expansion Score is now positioned to become an indispensible counterpart and/or complement in any transaction where a traditional credit report from Equifax, Experian or TransUnion would be used. "In December, the FDIC released its findings from their National Survey of Unbanked and Underbanked Households. It found that millions of Americans, particularly low-to-moderate income households, do not have access to mainstream financial products such as bank accounts and low-cost loans and struggle to build credit histories and achieve financial security," says Matthew Vitko, Senior Vice President of PRBC Sales at MicroBilt. "The real beneficiaries of our new enhanced PRBC Report are the credit-underserved and underbanked; those millions of Americans that demonstrate their creditworthiness every day by paying bills on time but for whom businesses lack reliable information." According to the Political & Economic Research Council (PERC), there is over $40 Billion of profitable business providing mortgages, auto loans and credit cards to the credit-underserved using mainstream financial products. Many of these consumers have "thin" or no credit histories and are faced with a "Catch-22" scenarioThey cannot qualify for credit and build a credit history without first having a prior credit history. The PRBC Report is ideal for businesses and financial institutions that want to find new business opportunities serving these 50-70 million U.S. consumers who have either no traditional credit history or "thin" credit bureau files and the over 100 million consumers that are considered "underbanked" or unbanked. The PRBC Report also provides a comprehensive source of information to businesses that use consumer data to make good business decisions. This data includes traditional and bill payment trade lines, FICO Score, employment information, bank account data, property records, public records data, including bankruptcies, suits, liens, judgments, evictions, repossessions and foreclosures and address and phone information. The FICO Expansion Score is calculated from a broad range of both positive and negative nontraditional credit data, such as checking account usage, cell and landline telephone, utility data, membership club obligations, judgments, liens, bankruptcy data and more. The FICO Expansion Score has the same score range as the classic FICO® Score, 300-850, and is a highly reliable score that aligns with the classic FICO Score, making for easy integration with existing underwriting engines. "Businesses today need every business opportunity and every advantage they can find. The PRBC Report with FICO Expansion score gives businesses decision critical data and a FICO score they can rely on to deal with this very large population of our country where there has been too little information with which to make good credit or other business decisions," said Walt Wojciechowski, CEO of MicroBilt. "Our new enhanced PRBC Report with FICO Expansion score gives the industry’s most comprehensive set of non-traditional and traditional credit data together with the market standarda FICO scoremaking the PRBC Report the most reliable indicator of creditworthiness in the absence of a traditional credit history." The PRBC Report with FICO Expansion score is now available through and Web Services/XML integration and will be available through over 500 private label distributors, sales agents and industry association groups. About MicroBilt
MicroBilt is the leader in serving small businesses with data and tools that they need to manage business risk and make informed lending and hiring decisions. MicroBilt offers the small business owner simple, cost-effective solutions for fraud prevention, consumer financing, debt collection, and background screening. With its PRBC® Consumer Report with the FICO® Expansion® Score, MicroBilt is the leading provider of alternative credit data to businesses that want to offer credit and other financial services to the over 100 million underserved consumers in the United States. For more information, visit