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Provides credit union users more option that is affordable small-dollar loans
OLYMPIA, Wash.–( COMPANY WIRE )–QCash Financial, a provider of automatic, cloud-based, small-dollar financing technology, today announced that it’s partnering with Freedom First Credit Union to provide short-term, small-dollar cash advance alternatives to credit union people through its QCash item.
Making use of QCash FinancialвЂ™s item suite, Freedom First can provide an affordable financing choice to users whom otherwise might count on high priced solutions like conventional pay day loans to pay for unforeseen costs. QCash is a automatic electronic financing platform and makes use of the memberвЂ™s credit history because of the standard bank to underwrite, accept and fund the mortgage in less than 1 minute. The costs and prices connected with QCash loans are significantly below those charged by conventional lenders that are short-term.
вЂњOur mission at Freedom First is helping individuals prosper вЂ“ helping munities thrive. And then we measure our value by exactly how much we surrender,вЂќ said Dave Prosser, Freedom FirstвЂ™s Senior Vice President of munity Development. вЂњWe take pride in fulfilling our peopleвЂ™ requirements appropriate where they have been to their monetary journey, they need money management options during more challenging times whether they are just starting out or. QCash FinancialвЂ™s automated solution is simple, fast, and bases underwriting decisions regarding the memberвЂ™s relationship with us, perhaps perhaps not a credit score.вЂќ
вЂњFreedom First knows just how access that is important money is for breaking the period of financial obligation and attaining monetary stability,вЂќ said Ben Morales, CEO of QCash Financial. вЂњSmall-dollar loans offer better prices and terms. Delivering money quickly to users may be a effective part of going people toward enhanced monetary wellness. Freedom First appears down for many munities that require their solutions probably the most, and weвЂ™re proud to be a partner together with them.вЂќ
The QCash loan platform was created in 2004 http://www.cashcentralpaydayloans.com/payday-loans-ar/ by WSECU following the credit unionвЂ™s tellers noticed a significant amount of its people needed little, short-term loans from payday loan providers which were asking extortionate costs and rates of interest. It’s offered being a label that is white to banking institutions. To find out more, contact Ben Morales at bmoralesq-cash..
About Freedom Very Very First Credit Union
Freedom First Credit Union has a lot more than 52,000 users and $533 million in assets and it is headquartered within the Roanoke, Virginia. With 10 branches in Roanoke and brand New River Valleys, Freedom First is producing neighborhood financial vigor through their core effect banking programs for affordable housing, transport, monetary training, effect banking, and munity revitalization. Find out more about Influence Services.