WeCosign, Inc. Stock

WECOSIGN, INC. (WECOSIGN) helps prospective renters with poor credit by acting as their cosigner on an apartment or house rental agreement. The Company acts as the guarantor for a renter by cosigning on their lease agreement in exchange for a monthly fee, enabling rental applicants with low Fair Isaac Corporation (FICO) scores to bypass the qualifications enforced by property owners. It allows landlords to fill vacancies in their property without having to worry about an applicant's FICO score or their potential risk for default, and enables tenant with poor credit to qualify for properties that would otherwise reject them. WECOSIGN earns its revenue from the collection of the application fee, and the monthly recurring service fee paid by approved customers living in rental housing. As of November 30, 2009, the Company had 139 approved customer accounts from 20 states in United States that it collected a service fee from each month.