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$50 to Help Build Your Credit? Seems Like A Bargain

Posted on April 8, 2010 in: Renter Resources

So, you’ve been thinking about signing up for WilliamPaid, but aren’t sure whether you want to part with $49.95 to flexibly pay your rent online for a year, have the ability to set-it-and-forget-it and have your rent reported to the credit bureau to help build your credit. We know that $49.95 is no chump change and, in this economy, every penny counts.

That said, when you think about the benefits of WilliamPaid, it really is a bargain. To show you, we thought we’d investigate what the same $49.95 would buy you and let you decide.

For $49.95, you can get your rent paid flexibly online for twelve months and have it reported to a credit bureau to help build your credit, or you can get :

  • A mani-pedi
  • Three-quarters of one haircut (not counting the tip)
  • One XBox or PS3 game
  • 62.5% of The Lord of the Rings - The Motion Picture Trilogy (guess that’s not quite two of the three movies)
  • 16% of a botox injection (wonder what that covers?)
  • Cover for two at a night club (drinks not included)
  • A couple of drinks at that night club that you just paid a year’s worth of WilliamPaid services to get into
  • Having fast food for lunch for a week
  • Five packs of cigarettes (does not include ensuing medical costs)
  • A hamburger and a drink at 21 Club (not including tax and tip)
  • Just over a roll of stamps
  • One round of golf - at a public course
  • Less than half of your monthly health club membership that you never use
  • Or, maybe you should look at it this way. If you use WilliamPaid to pay and report your on-time rent payments for one year, your credit score could increase by as much as 60 points. And, with a 60 point increase in your credit score, you could qualify for better terms on a loan.

    Assuming a starting credit score of 650, if you report your rent payments through WilliamPaid, on a $25,000 installment loan (like a car loan), the difference in your credit score could save you almost $3,000 over five years. So, $49.95 just bought you $3,000. Isn’t that worth giving up a couple martinis over the course of a year?

    Because we don’t want you to have to give up one of your favorite things in order to use WilliamPaid, we want to cut you a break. Sign up for our 12-month rent payment and reporting service using the promo code MARTINI, and you’ll get $10 off. (Promotion cannot be combined with other offers or promotions and expires April 30, 2010.)

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About William Paid

My name is William Paid, Esquire and I’m a serial personal butler with 40 years distinguished service, orchestrating exceptional living experiences for exiled kings, rockstars, supermodels, and even a few “young gun” Internet executives who are now woefully overleveraged and unable to employ my services. My role is to ensure everything runs smoothly for renters and roommates. I’m at YOUR service.

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