College Roommate Check-up Time
Sep09

College Roommate Check-up Time

Living with a college roommate is a huge adjustment — for BOTH roommates. If you’ve been rooming together just long enough to discover what really irritates you about the other, these tips are for you!

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WilliamPaid: Building Credit One Rent Payment at a Time
Jun15

WilliamPaid: Building Credit One Rent Payment at a Time

For many, renting an apartment while in college is a student's first step to living on his or her own. Students living on their own quickly come to realize that independence comes with a lot of responsibility: paying rent, managing credit cards, budgeting money for groceries and bills, etc. Part of becoming an adult is understanding credit: what it is, how to build it, and what applies to it. A play on words –"Bill Paid”, WilliamPaid is a company that helps its users learn about how to develop their credit through something as simple as paying rent. The Chicago-based company was founded by Evan Silverman and Jeff Golding who spent two years developing their services based on their prior experience in having owned a student loan center. WilliamPaid opened to the public in February, 2010. According to the Finaid.org website, 86% of students have student loans (excluding PLUS loans). Jacqui Monieson, spokesperson for WilliamPaid, says that by using their services,"students can earn cash-back from online shopping and referring friends and family to join. Should a user choose to apply their cash-back to their student loan debt, we'll match 10% of their cash-back amount to help pay down their debt.” WilliamPaid also keeps roommate problems to a minimum when it comes to splitting the rent. Monieson explains, “WilliamPaid helps eliminate the roommate drama associated with rent collection by allowing roommates to easily split the rent and pay rent how each desires, with one payment going to the landlord. And, because everyone is handled individually, there is no sharing of your private payment information with your roommates or your landlord.” In addition to being able to easily split the rent by using a roommate agreement available online, the company also features a blog about roommate harmony, what to do if a roommate loses a job, an easily accessible emergency contact list for all the tenants, and other valuable resources. Since credit cards are also a payment option on WilliamPaid, new card users need to understand exactly what they are getting into. When asked about tips for beginning credit card users, Monieson, suggests that the key is to be responsible.  Understanding that a credit card is not free money is imperative.  Monieson says, “Bottom line, credit cards can be very useful in helping you manage cash flow, getting miles/points, etc., but make sure you can pay the bill each month.” While managing credit cards responsibly builds credit, WilliamPaid is the first company that allocates timely rent payments towards good credit. Monieson asserts, “If you are paying rent, and you pay on time, there's no reason not to have your payments reported [to...

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