Disclosure:
PāyZero® Inc. DBA PāyZero® is a Credit Reporting Agency providing consumer advocacy, credit decisioning, and loan term recommendations stemming from an in-house generated consumer performance score based on net income, cost of household expenses, the number of expenses paid by automated bill pay, and other factors used to compile a BPP Score™ that is shared with our partner banking institutions for approval.
Introducing Bill-PayPro™ (the BPP Score™) as a new credit approval and decisioning system based on your net household income, budget, and online bill pay usage to determine your “new credit affordability” will revolutionize your opportunity to establish credit that does not place you in financial hardship.
The BPP Score™ will be especially helpful for those with a low credit score with the major bureaus. The BPP Score is generated after a consumer has successfully paid household expenses through the Bill-PayPro™ Automated Bill Pay System for 90 consecutive days. The strategy behind the Bill-PayPro™ translates into a doable financial plan for your household. Paying your household living expenses through Bill-PayPro™ makes you eligible for the Bill-PayPro™ Monthly Dividend Pool.
Bill-PayPro™ can deliver a Monthly Dividend in an amount equal to 10% of your total household living expenses amount. (between $250 – $2,000/mo.). The dividend pool represents the funds used to ensure participants never have to make out-of-pocket payments towards their PāyZero® Visa®/Mastercard® Credit Card as long as they continue to pay their household living expenses through Bill-PayPro™. Upon card usage, dividend proceeds can be disbursed to cover the balance of the PāyZero® Visa®/Mastercard® Credit Card evenly over a 12-month period. Participants can choose to use your own resources if you need accelerate lowering your card balance in order to increase your FICO® score with the other major credit agencies. We are currently running a Long-Term Study on consumer net income v/s expenses, and their usage of online bill pay to determine their affordability of “new credit payments”. As a Long-Term Study participant, until your card is issued, PāyZero® will pay you your non-taxable 10% Dividend by monthly check.
*PāyZero® Visa®/Mastercard® Credit Cards with “Zero Payments” are reserved for households participating in the Long-Term Study of the Bill-PayPro™ Automated Bill Pay Platform. Standard credit card FICO® score qualifications, due dates and payment rules apply for households choosing not to participate in the beta test of the Bill-PayPro™ automated bill pay platform.
All management questions and adjustments are handled via Zoom® Meetings. *PāyZero® has Zero access to your bank account(s). The PāyZero® Credit Agency is a FinTech (Financial Technology) company, and not a bank. In 2024, PāyZero® will provide Credit Advocacy services, credit decisioning, loan term recommendations based on consumer affordability, a Visa/MasterCard credit card, BaaS (Banking as a Service) all stemming from the results of consumers having their monthly household expensed paid through the Bill-PayPro™ Automated Bill Pay Platform, and the accompanied BPP Score™.
As of now, Bill Pay Services are provided through our corporate accounts at BlueVine® online and Coastal Community Bank, Member FDIC®. Bluevine accounts are FDIC® insured up to $250,000 per depositor through Coastal Community Bank, Member FDIC®. See the Coastal Community Bank Privacy Policy. Bill-PayPro™ is a SaaS underwritten by PāyZero® Incorporated © 1994 – 2023. All Rights Reserved.
Easy Qualification: Must be Employed salary or hourly, Military, Retired or Fixed Income, Age 25 or older, A minimum of $2,500/mo. and a maximum of $20,000/mo. in household and lifestyle expenses. For the best results, you need to add as many bills and expenses as possible to our user interface platform.
