SOURCE: Trycera Financial
IRVINE, CA–(Marketwire – October 5, 2010) – Trycera Financial, Inc. (
NAR-SAAH provides technical assistance to Resident Services providers and members of Resident Councils to enhance the quality of life for individuals and families living in public and assisted rental housing communities. NAR-SAAH promotes programs that are comprehensive, culturally competent and responsive to residents’ needs. The conference was attended by over 500 participants from 67 cities including New York, Huntsville, Baltimore, Nashville, Boston, and San Francisco.
Trycera Credit Services President, Michael G. Nathans, presented how FDIC-insured network branded prepaid cards could be used to build both a good credit history and a score without incurring debt, by paying traditional bills on-time that are not reported to nationwide consumer credit reporting agencies. “Alternative credit references and payment histories for rent, utilities, cell phone, insurance and other common bills may be attached by any consumer to any application that requires a credit check under Federal law — the Equal Credit Opportunity Act (ECOA),” explained Mr. Nathans. “All creditors as that term is defined by ECOA, must consider alternative credit references when presented by an applicant or risk regulatory fines plus the applicant’s actual damages and legal fees. Working together with NAR-SAAH, elected officials and bank regulators, we endeavor to educate apartment residents on how to build a good credit history without debt and how to build wealth by avoiding the high fees often associated with check cashing, minimum balance requirements, overdrafts, late paying bills and short-term credit,” he said.
ABOUT TRYCERA FINANCIAL INC.
Trycera Financial, Inc. is a financial services company specializing in the delivery of prepaid card programs, prepaid card program management, alternative credit products and bill payment reporting. The Company also markets a diverse suite of personal financial management solutions and pay as you go services that give consumers the ability to have alternative credit references such as rent, utilities, insurance and wireless phone service payments reported with any application that requires a credit check. For more information, please visit the Company’s web site at www.trycera.com.
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