Credit Reporting Firm Offers Rewards-for a Price
A startup credit reporting firm is offering consumers a way to have their routine payments build up their credit scores while earning rewards.
Maxamum Inc, a Utah-based, will offer consumers rewards for the payments that they will allow the firm to report to Payment Reporting Builds Credit.
According to the firm's website, consumers that wish to use the service to record payments on two accounts, one of them being their account with Maxamum, will pay $25 per month, three-account reporting will cost $49.95, and four accounts will cost $74.95. In addition, the firm charges a one-time set up registration fee of $10.
To ensure accuracy in reporting, the Maxamum membership also includes its "Credification" service, which verifies the accuracy and authenticity of all credit data and consumer information prior to being reported to PRBC, the firm said.