Anyone who wants to provide lenders with more information about their creditworthiness can use alternative credit reports. For some, you have a poor traditional credit score and want lenders to recognize your responsible bill payment habits. In other cases, you don’t have a credit score at all.

The Underbanked

If you’re unfamiliar with the term, “underbanked” refers to people who have short or nonexistent credit histories. If you think this could apply to you, don’t worry you’re not alone. In fact, 26 million Americans, or about 10 percent of the U.S. population, have no credit history with the big three credit reporting agencies. There are several reasons why you may have thin-file or no-file credit:

  1. You’ve only had one credit card throughout your life.
  2. You haven’t used your credit cards often enough to build up a lengthy history.
  3. You’ve only taken out one or two loans.

The list goes on. Such situations don’t necessarily indicate that you have excessive spending habits, but they could negatively affect your credit score. Furthermore, if you don’t have a credit card at all, lenders won’t have any information to go on. They essentially have no way of telling whether you’re a risky customer or reliable one.

While you may not have a lengthy credit history, or any credit history at all, chances are you’ve been paying utility, phone and internet bills for some time. If you link these accounts to your PRBC account, we’ll factor in those payments into your credit score. Then, as opposed to having no credit score, you’ll have something to give lenders in the event you want to make purchases on credit.

In addition, you may pay for subscriptions to magazines, video streaming sites (Netflix, Hulu, etc.) and other services like Dropbox or Office 365 that can factor into your PRBC account.

Who are the Underbanked?

Anyone could have a thin-file credit report, or no credit history at all. Here are a few of the demographics who make up the underbanked:

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Immigrants discover that the U.S. credit reporting agencies don’t accept credit data from their native countries. This makes it difficult for them to buy cars, rent apartments, receive credit cards and obtain other necessary goods and services.

Millennials are, for the most part, new to the job market. Some may not even have credit cards or outstanding loans, and therefore have little to no credit history.

People who’ve had financial troubles in the past​ often find it difficult to acquire wealth via traditional methods. For example, if an injury set a person back in credit card payments, he likely has a low credit score. However, what if he needs a car to get to work? His bad credit history will prevent him from obtaining a car loan, thus hindering his ability to maintain gainful employment. It’s a Catch-22 situation.


While it’s not a guarantee for a better credit score, alternative credit may help. As long as you consistently pay monthly bills, you can prove your creditworthiness.

Here are quotes from people just like you who have benefited from PRBC:


“I love what you are doing to help us build credit. Thank you, I now have a credit score and am getting better rates.”

Miranda, PRBC Account Holder

“My monthly payments for rent and utilities now count and I have a PRBC score.”

Darius, PRBC Account Holder

“Up until today I thought there were only 3 credit reporting companies.”

Eduard, PRBC Account Holder

“Amazed that you can include your utilities in a credit score.”

Marie, PRBC Account Holder

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