Rent Pay Services
It's about time your rent payments positively affected someone other than your landlord. With WilliamPaid's Pay Rent service, you can build your credit by doing what you do every month - paying rent on-time.
Improving your credit can save you loads of money. Whether you're applying for a loan or purchasing auto insurance, the better your credit, the less you'll have to pay. It could even reduce the amount of your security deposit when renting an apartment.
Think of building credit as insurance - it's there when you need it.
Why rent isn't reported to the "Big 3" credit bureaus
Rent is not considered a "traditional" account by the "Big 3" credit bureaus. They collect payment history only on traditional accounts such as student loans, auto loans, mortgages, credit cards and other types of installment debt.
By making rent payments through WilliamPaid, we know that your rent has been collected
and paid directly to the landlord. And, because we are a FCRA-certified data furnisher, whether you're on the lease or not, we're approved to electronically transfer your payment history to the credit bureau.
and paid directly to the landlord. And, because we are a FCRA-certified data furnisher, whether you're on the lease or not, we're approved to electronically transfer your payment history to the credit bureau.
Landlords don't report your on-time payment history
Because "rent" is not a traditional account accepted by the "Big 3" credit bureaus, landlords cannot report a tenant's on-time payment history. However, landlords can notify the bureaus should a tenant become delinquent or is placed for collection on an outstanding balance.
Not on the lease? We'll still report your payment
By making rent payments through WilliamPaid, we know that your rent has been collected and paid directly to the landlord.
And, because we are a FCRA-certified data furnisher, whether you're on the lease or not, we're approved to electronically transfer your payment history to the credit bureau.
