MicroBilt Corporation Receives U.S. Patent for PRBC Bill Payment Reporting and Scoring

MicroBilt Corporation announced Thursday that the United States Patent and Trademark Office has granted Patent Number 7,877,322 B2 for the company’s technology and method for collecting data on commonly recurring bill payments made by individuals and small businesses, and incorporating them in a credit file, credit report, and credit score.

Examples of common monthly payments that go largely unreported to traditional credit bureaus include rent, private mortgages, non-prime auto loans, utilities, phone, cable, insurance premiums, pay day advances, and rental furniture and appliances.

Microbilt is a leader in risk management information for small and medium-sized businesses and the provider of the PRBC® Report with FICO® Expansion Score, the industry lending alternative data report for non-traditional lenders.