www.williampaid.com - Very cool site for renters

Ralph,

Thank you for the recognition.  While WilliamPaid has recently gone live, the entire business has been in development since mid-2008.  Myself, along with several other members of the WilliamPaid team have worked together in the consumer finance sector for 14 years.  A few things we know from our past - the age group, 21-34, who happen to make up a large portion of the rental market, care very much about their credit, they worry about their debt situation, and they are the ones who are most in need of payment flexibility.  Unfortunately, they're also the ones to not do much about it until they encounter some life event that prevents them from obtaining something they want, such as; going back to school, buying a car, getting a job, an apartment, etc. So, we founded WilliamPaid as a platform to help young adults build credit without going into more debt, shop for the things they need and pay down their student loan debt (as little as $15 per month extra can save thousands over their term) and offer them rent payment flexibility should they need it. Bottom line, there are companies that promise to help you save money to go to college - we promise to help you pay it off and help you be better financially positioned in the future.

Wallace, 

I completely understand and agree with your position. In fact, I would be asking the same questions.  All I can say is that, as a team, our track record in the financial services sector over the years was a major factor in securing our relationships with our financial partners - First Data and Charter One Bank (a subsidiary of Royal Bank of Scotland). As part of our agreements, our operating accounts are segregated from our FBO accounts and monies can never be co-mingled. Therefore, the example you use is an unlikely one, albeit a great question to ask. As for playing the float game, we're not a bi-weekly payment company holding mortgage payments for 30-days.  A tenants' funds are held for no more than 2 days before a check is issued and less if we have secured a direct deposit relationship with the Landlord.  Our goal is to provide products and services, a la cart, that would be of benefit to different types of tenants. Hopefully, that alleviates your biggest concern.

Anyway, I greatly appreciate all your comments - the pros and the cons.  We know that there will be areas to improve on, but after 16 months of development and many focus groups later, we're confident we're off to the right start as to what this demo group has asked for. 

Don't hesitate to join - it's free - and see all the free tools we offer to renters and roommates to manage their lives - it's more than just rent pay.  Let me know what you think.  If you would like a promo code that would provide you with full access to view our paid services for free, just ask - would be my pleasure.

I'm more than happy to discuss any of this with you on a personal level and educate you a bit more about WilliamPaid if you desire.

Best,

Evan Silverman | CEO

http://www.williampaid.com

Ralph, I am related to a Lauren - there are a lot of Silverman's out there - but, if we're talking about the same one, she's a news anchor and would happen to be my first cousin.

Charles,

Thanks for the interest. Just an FYI...WilliamPaid is a site for renters and roommates. We are not an A/R platform for property managers, although we are in discussions with property managers as to how to incorporate our platform as a benefit for their tenants through product upgrades, etc.

Hope that clarifies a bit!

 

Evan Silverman | CEO

http://www.williampaid.com

Funny - small world. Lauren's father and my father are twins. In fact, my daughter and I met all of them in Scottsdale last month for a weekend. Paul even designed and produced our WilliamPaid in 60-seconds video that's on our homepage. Good people - don't find much better.