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About the Program
WorkersChoiceUSA
(1) is a new kind of employee benefit that allows
businesses to offer an Employee Loan Program to their
staff at no direct cost and no financial risk to their company.
Enrolling your company for WCUSA benefits is FREE.
Employees of enrolled companies are able to receive guaranteed
low-cost, short-term loans (2),
and will repay those loans directly through their paychecks.
Loan amounts are from $500 to $5,000 (3),
and cannot exceed fifty percent of an employee’s Gross Monthly
Income (GMI). The process is quick, convenient and confidential
–a loan request can be made online in just minutes, or employees
may call us for personal assistance. Funds are sent directly
from WCUSA to the employee’s bank account, a process that generally
takes one to two business days. There is no penalty if an employee
chooses to pay off their loan early. WCUSA benefits provide
much needed security when managing financial challenges at substantially
lower costs than alternative credit sources. Employees love
the convenience and low cost of this service – employers love
offering their workers this much-needed benefit at no direct
cost or financial risk to their business.
WorkersChoiceUSA
…Our Service is Your Solution!
BENEFITS
TO EMPLOYERS:
• Increased Employee Productivity Due to Decreased
Financial Stress
• No Direct Program Costs or Financial Risk – No
Liability to the Company!
• 100% Voluntary Program – No Participation Requirements
• Easy Employee Request Process - Self-Service Platform
• Online Verification and Invoicing – Paperless
Process!
• Customized Program Designed to Employer Specifications
• Simple Payroll-Deduct Process
• Increased Employee Retention
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BENEFITS
TO ELIGIBLE EMPLOYEES:
• Guaranteed Approval for Eligible Employees
• No Credit Checks
• Much Lower Cost than Other Short-Term Loan Solutions
(4)
• Reduces Need to Borrow from Retirement Accounts
(401k, 403b, etc.)
• Convenience – Online/Phone Request Procedure
• Avoids Lengthy Loan Application Process
• Funds Generally Delivered in One to Two Business
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(1) The product provided by WorkersChoiceUSA
is a loan or line of credit, depending on employee’s residence.
See product disclosures for more details.
(2) Subject to verification of identity, employment status and
eligibility for product. Product terms and conditions also apply.
(3) The actual amount of loans may vary based on employer specifications,
employee’s income, employee’s residence, and other factors.
(4) Annual Fee may apply based on State of Residence. |
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About the Program