MicroBilt Corporation

Last updated
MicroBilt
Company type Private company
Industry Financial services
Founded1978;46 years ago (1978)
Headquarters
Kennesaw, Georgia
,
United States
Area served
United States and others
Products Credit history
Number of employees
185 (2022)
Subsidiaries Connect (previously known as PRBC)
Website www.microbilt.com

MicroBilt Corporation is an American credit reporting company and alternative credit data provider. [1] [2] Since its founding in 1978, it has grown by acquisition to challenge its larger rivals. [3]

Contents

Its Connect consumer credit subsidiary offers consumers the ability to self-report on the bill paying habits as a means of positively impacting their credit score.

MicroBilt’s other subsidiaries focus on business credit and services to sub-prime lenders. Many of the company's products are designed to help businesses accurately assess risk on consumers who otherwise have thin traditional credit files. In doing so, credit can be extended to consumers where it couldn't before opening a new customer base to a company and new opportunities to a consumer. [4]

History

The company was founded in 1978. It has grown through acquisition that included: [3]

As a holding company, MicroBilt Corporation began to attract significant earnings coverage by 1987. [5]

In 2014, the NY Times, in reporting on the limited use of on-time rental-payments by other major Credit Reporting Agencies, mentions that "MicroBilt... provides services including alternative credit reporting" and how "MicroBilt's data is used to generate FICO Expansion Scores, which are used for consumers who don't qualify for a traditional FICO score." [6]

Products

MicroBilt offers a range of data products and services to lenders, originations and underwriting through collections and debt recovery. The products are available as APIs and through custom web portals. Among the company’s best-known products are:

Services

Books using MicroBilt data

Several books have used data from MicroBilt in their research.

Sponsorship

MicroBilt began sponsoring a sports team in 2014 with the sponsoring of Ronnie Stewart in the AMA Motocross Championship. [20] [21]

See also

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References

  1. ↑ "MicroBilt". Consumer Financial Protection Bureau. Retrieved 2022-07-31.
  2. ↑ "About MicroBilt Corporation". MicroBilt Corporation. Retrieved 2022-07-31.
  3. 1 2 "Microbilt Corp - Company Profile and News". Bloomberg.com. Retrieved 2022-07-31.
  4. ↑ Office, U. S. Government Accountability (20 June 2019). "Credit Scoring Alternatives for Those Without Credit". www.gao.gov. Retrieved 2022-08-01.
  5. ↑ "MICROBILT CORP reports earnings for Qtr to June 30". The New York Times. 9 September 1987.
  6. ↑ Ann Carrns (February 4, 2014). "Your Money". The New York Times.
  7. ↑ "Visa's Global Registry of Service Providers".
  8. ↑ "Financial Institutions Must Rethink Their Remote Deposit Capture Support Models" (PDF).
  9. ↑ "MicroBilt Financial Services Corp".
  10. ↑ "As filed with the Securities and Exchange Commission on February 12, 1997".
  11. ↑ Susan V. Berresford, Ford Reports' Microfinance Plus, Ford Foundation website, 2004.
  12. ↑ subsequently shortened to PRBC
  13. ↑ Kenneth R. Harney (October 1, 2005). "Finally, Credit For Paying the Bills". Washington Post.
  14. ↑ PRBC MainStreet
  15. ↑ "PRBC – Life's Alternative Score". PRBC – Payment Reporting Builds Credit.
  16. ↑ Farrell, Maurine (28 September 2009). "Must-Try Marketing Maneuvers". Forbes. Retrieved 6 September 2017.
  17. ↑ "MicroBilt Corporation/ CL Verify". Bloomberg News . March 2024.
  18. ↑ "CL Verify Launches TRACKER Skip-trace Service". 14 October 2008. Retrieved September 6, 2017.
  19. ↑ for more books, see: https://www.google.com/search?tbs=bks:1&q=%22MicroBilt+Corporation%22
  20. ↑ "Team MicroBilt PRBC". MicroBilt/PRBC-sponsored Team website.
  21. ↑ "LeHigh Valley – Ronnie Stewart – sponsored by MicroBilt". 4 August 2013.
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