Traditional credit bureaus go behind your back, but alternative credit agencies ask your permission before gathering your data.
Category: Alternative Credit
If you're reading this, you've probably tried bringing your PRBC alternative credit report to your local bank or credit union and found they don't accept our reports. This leaves you in a pretty tight spot. What should you do if a loan officer refuses to reference your PRBC report?
Through partnerships with creditors (banks, credit unions, and other lenders), TransUnion, Equifax and Experian collect a lot of information on consumers such as yourself. They know whether you forgot to pay your credit card bills, obtained a car loan, pay an additional $1,000 on your mortgage every year, and so forth.
Until now, you might have gone through life without so much as a thought for your credit report. However, when you applied for a car loan, the lender turned you away. Why? You have no credit history.But why should that matter? You pay
Today, credit scores are necessary. Most of the institutions that offer student loans, auto loans and mortgages require traditional credit reports to figure out whether you, the borrower, can handle a loan. Several years from now, this
The home lending scene isn't what it was 20 years ago.Although there are many similarities between then and now, mortgage professionals are discussing the merits of non-traditional credit references, alternative lending models and financial
The United States is a country founded by immigrants. Since its inception, America has drawn people from around the globe, all eager to start new lives and achieve greater prosperity.But new immigrants face many serious challenges when they
Shortly after President Obama first took office, he had a decision to make. Actually, he had many, many decisions to make, but this one stood out: Which American city should he visit first? While such a visit wasn't likely to have much