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Freedom First Selects QCash Financial to produce Payday Loan Alternative

Freedom First Selects QCash Financial to produce Payday Loan Alternative

Utilizing QCash Financial’s product suite, Freedom First can provide an affordable financing option to people who otherwise might depend on high priced solutions like conventional pay day loans to pay for unanticipated costs. QCash is an automated lending that is digital and makes use of the member’s credit history with all the standard bank to underwrite, accept and fund the mortgage in less than 1 minute. The charges and prices connected with QCash loans are considerably below those charged by conventional short-term loan providers.

“Our mission at Freedom First is people that are helping – helping communities thrive. So we measure our value by simply how much we give back,” said Dave Prosser, Freedom First’s Senior Vice President of Community developing. “We take pride in fulfilling our people’ requirements appropriate where they’re on the economic journey, if they are simply beginning or they require cash administration choices during tougher times. QCash Financial’s solution that is automated simple, fast, and bases underwriting decisions regarding the member’s relationship with us, maybe maybe not a credit score.”

“Freedom First knows just exactly how crucial usage of money is for breaking the period of financial obligation and attaining economic stability,” said Ben Morales, CEO of QCash Financial. “Small-dollar loans offer better rates and terms. Delivering money quickly to people could be a strong part of going people toward enhanced economic wellness. Freedom First appears down for people communities that want their solutions probably the most, and we’re proud to be always a partner using them.”

The QCash loan platform was created in 2004 by WSECU following the credit union’s tellers noticed a number that is substantial of people needed little, short-term loans from payday loan providers that have been billing extortionate fees and interest levels.