By Seth Brickman, CEO, QCash Financial
Life is not that fun when you’ve got more month than money.
A family already short on rent can’t pay their monthly utility bill. A single dad stuck on the side of the road with a breakdown he can’t afford to have fixed, much less pay the cost of the tow truck itself. A college student who just realized they’re dollars away from a catastrophic overdraft fee on their checking account.
What do they all have in common? They find themselves facing a time-sensitive deadline, and they need funds quickly. Your members need to know you have their back, and when life’s unexpected emergencies occur, QCash Financial’s responsible, affordable and high-speed Life Event Loans can help them stay afloat.
A wholly owned CUSO of Alloya Corporate FCU, QCash Financial was founded in
2015 to help good-faith members go from experiencing a major life event one minute to actual funds in their credit union account the next, using their patented relationship underwriting rather than a credit score or report. For members who perhaps do not qualify for traditional lending options due to poor credit history, a QCash digital small-dollar solution is more than game-changing. It can change lives.
These struggling members are those who were, one way or another, compelled to turn away from their dedicated credit union in a moment of immediate need and towards some flashier, more expensive source like predatory payday lending or a pawn shop. They need to be made aware and understand that a better, more financially healthy and accessible alternative like a small-dollar solution is there for them, right from the familiarity and security of their credit union.
With QCash, your credit union has the ability to leverage digital Life Event Loans and help your members bounce back from many of life’s emergencies such as:
- Accidents
- Illness or injury
- Home or auto repair
- Pet emergency
- Overdraft
- More month than money
- Natural disasters
Together, we can make life event lending safer, easier, faster and more accessible for everyone while helping to improve your credit union members’ financial health! If you are interested in more information on QCash, visit QCashFinancial.com.
