Please,
Stick with me on this one. I do believe that this product can be beneficial to your client's both for the Realtors and Loan Officers.
The VR-Tech MasterCard is a prepaid debit card. It functions just like any other debit card from your bank or credit union. However the prepaid VR-Tech MasterCard does something that your typical bank or credit union debit card does not do. That is the prepaid VR-Tech MasterCard has a credit builder feature.
Here is how it works:
1. Enroll into the Prepaid VR-Tech MasterCard at no cost click here.
2. Activate AccountNow Bill Pay and add the FREE AccountNow Credit Builder service.
3. Every time you make a bill payment with AccountNow Bill Pay, we will send your bill payment information to PRBC, a national credit reporting agency
4. Build a bill payment history to demonstrate your credit worthiness when applying for housing, credit, insurance, employment, phone, and utility hook-up by doing what you already to today - - paying your rent, electric, cable, insurance, and phone bills on time.
5. Only Bill Pay transactions will be shared with PRBC. Regular debit transactions using your AccountNow Prepaid MasterCard will not be reported to PRBC.
Who uses PRBC?
Home loan associations like Freddie Mac and Fannie Mae and Citicorp Mortgage use bill payment information as part of their decision making process for home loans.
Soon, other companies including auto loan, credit card, and insurance companies may start using Bill Payment Scores to comply with the Nation's Fair Housing and Fair Lending laws.
Click here to read the PRBC press release. FHA Encourages Lenders to Use Regular "Bill Payment" Data to Approve Mortgage Loans. New FHA Guidance: PRBC Bill Payment Data Preferred for Establishing Consumer Credit Reports and Scores for "Thin" File and No Credit Score Applicants
For additional information on the Prepaid VR-Tech MasterCard please contact me at 248-830-4832, email tim@tjtfinancialservices.com or visit the website click here.
Tim J. Thrift - “Providing Credit and Debt Solutions That Work!”
Here is how it works:
1. Enroll into the Prepaid VR-Tech MasterCard at no cost click here.
2. Activate AccountNow Bill Pay and add the FREE AccountNow Credit Builder service.
3. Every time you make a bill payment with AccountNow Bill Pay, we will send your bill payment information to PRBC, a national credit reporting agency
4. Build a bill payment history to demonstrate your credit worthiness when applying for housing, credit, insurance, employment, phone, and utility hook-up by doing what you already to today - - paying your rent, electric, cable, insurance, and phone bills on time.
5. Only Bill Pay transactions will be shared with PRBC. Regular debit transactions using your AccountNow Prepaid MasterCard will not be reported to PRBC.
Who uses PRBC?
Home loan associations like Freddie Mac and Fannie Mae and Citicorp Mortgage use bill payment information as part of their decision making process for home loans.
Soon, other companies including auto loan, credit card, and insurance companies may start using Bill Payment Scores to comply with the Nation's Fair Housing and Fair Lending laws.
Click here to read the PRBC press release. FHA Encourages Lenders to Use Regular "Bill Payment" Data to Approve Mortgage Loans. New FHA Guidance: PRBC Bill Payment Data Preferred for Establishing Consumer Credit Reports and Scores for "Thin" File and No Credit Score Applicants
For additional information on the Prepaid VR-Tech MasterCard please contact me at 248-830-4832, email tim@tjtfinancialservices.com or visit the website click here.
Tim J. Thrift - “Providing Credit and Debt Solutions That Work!”
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