Have You Heard

Credit Bureau Takes New Approach to Building Credit Histories

A new national credit bureau is helping consumers who do not have mortgages or credit cards build credit histories based on other types of payments. The credit bureau—called Pay Rent, Build Credit (PRBC)—has developed a data network where consumers can list other bills they have paid, such as rent, utilities and insurance. The information is verified by a PRBC partner. Consumers can present the data they have entered in the network to landlords or lenders when applying for apartments or mortgages. PRBC is also working with bill payment service providers who, with the consumer's consent, would automatically report payments to the PRBC Data Network. For more information, visit www.payrentbuildcredit.com.

Main Street Sets Deadline for 2005 Awards Program

The Main Street National Trust for Historic Preservation is accepting nominations for its 2005 awards program until Nov. 4. The national trust is also accepting applications for its certification program for professionals.

The Great American Main Street Awards recognize communities that have made significant achievements in revitalizing their commercial districts while keeping focused on historic preservation. Winners will receive $2,500, a trophy and national recognition. Applicants do not have to be affiliated with a Main Street community or program.

Community leaders and advocates who have helped revitalize commercial districts are eligible for a Main Street Leadership Award. Nominees may include schools, businesses, individuals, elected officials, government agencies and other organizations. Winners will receive a trophy and national recognition. Neither the nominators nor the nominees have to be affiliated with a Main Street community or program.

To learn more about the nomination process for either award, visit www.mainstreet.org/awards or call (202) 588-6140.

The national trust is also accepting applications from professionals for its Certification in Professional Main Street Management training and credentials program. Applicants do not have to be affiliated with a Main Street community or program. Past applicants have included architects, planners and other professionals working in community development and commercial district revitalization.

For information, visit www.mainstreet.org/certification or call (202) 588-6140.

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2015 Federal Reserve System
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