EZCORP® Expands Credit Reporting Service to Help More Customers Build Credit

EZCORP, Inc. announced that it is expanding its partnership with PRBC® credit reporting service to all of its EZMONEY® stores.

Last November, Texas and Florida EZMONEY Loan Services stores began offering to report their customers’ loan payment history to PRBC, a national credit bureau. The customer’s participation in the program is elective. Customer interest in the service has been high, with a significant proportion of customers choosing to have their payment history reported to PRBC. As a result, EZCORP will expand the service to all of its 263 EZMONEY locations.

Traditional credit bureaus do not track or score payments of all loans including those offered or brokered by EZMONEY. This history, along with other payment histories a customer may report to PRBC, creates a PRBC Bill Payment Score(SM) (BPS(SM)). This BPS can be used to supplement a traditional credit report and score, or, used in the absence of such a score to gain a more complete and accurate assessment of a customer’s creditworthiness. Neither EZCORP nor PRBC charge the customer a fee to enroll in payment reporting, or to view their PRBC data.

Commenting on the program, Joe Rotunda, EZCORP’s President and CEO, stated, “We are excited about the high level of interest in PRBC to date, and the opportunity to better serve our customers by helping them establish or rebuild their credit.

Michael Nathans, Chairman and CEO of PRBC, added, “It is a valuable community economic development service when a business reports its customers’ timely payments to a credit bureau such as PRBC. I am delighted that EZCORP is interested in actively helping their customers use PRBC to supplement their traditional credit reports and scores.”