From Credit-Building to Asset-Based Wealth
If you have ever played the board game Monopoly, you’ll surely remember how much “rent” you had to pay when you landed on a property with a house or hotel – and how fast that can wipe out your bank account! There’s a real-life financial lesson in this game, and it’s that collecting rent is better than paying it.
For those that pay rent, there is a new opportunity that can help you start collecting it sooner. If you are among the 50 million Americans who have little credit history, or no score at all, but you pay either rent or a seller-financed mortgage, and/or other bills on-time, like your cell phone, electric, insurance, etc. there is a new and legitimate way to add this missing information to your credit score, just as homeowners do with their mortgage payments. To learn more click here.
Pay Rent, Build Credit (PRBC) is helping individuals and families take important first steps towards asset-based wealth because the higher your score, the more money you can save on auto loans, mortgages, and other big-ticket items. This monthly cash savings enables hard working families to save and build wealth through insured-savings, investment, education, and the purchase of traditionally appreciating assets such as real estate - homeownership and income-producing property. To learn more, read about PRBC on BusinessWeek Magazine.
Michael Nathans is the founder and chairman of Pay Rent, Build Credit, Inc., a national FCRA compliant credit bureau.
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