“I have to go into debt to build credit, right?” Wrong. Building credit doesn’t have to be a gradual process using credit cards or loans - at least, not anymore.
Credit - a scary and foreign concept - is intimidating to many. People may think a “thin” file is good (after all, isn’t thin anything good?”) and that the Big 3 is only a reference to the Detroit triumvirate. In fact, 96% of people surveyed by WilliamPaid expressed concern about their creditworthiness, yet only 16% knew their credit score.
WilliamPaid wants to help, so we developed “Credit 101″ - an educational venue that helps people better understand the ins and outs of credit - in a way that breaks it down but still gives you what you need to know.
We’ve also created a way for you to build your credit without going into debt - no credit cards, no loans.
While many people think that their bills - including rent - are being reported toward their credit, they’re not. In fact, they can only hurt you because only delinquent or defaulted payments can be reported - not on-time payments.
Through our Bill Verification Service, we can report past rent and bill payments to a credit bureau, PRBC, Inc.
You can use our Bill Verification Service to have the following types of payments reported:
- Rent, Mortgage, Mobile Home
- Electric, Natural Gas, Heating Oil
- Water, Sewer
- Cable, Satellite, Phone, Telecommunication
- Insurance
- Auto and Student Loans
No more struggling with “thin” credit files and trying to gradually build credit over years and years. With this service, you can have each bill you select reported for up to three years. That’s like instant credit!
For anyone with little credit history, this service could make all the difference when it comes to applying for the perfect apartment, loan or job. Landlords, lenders and employers use this information to determine whether or not you are a good, trustworthy candidate. A good score can even save you money with lower interest rates and other discounts. Check out our Credit Score Estimator to see how much you could be saving with a higher credit score.
Finally get the credit you deserve!
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