1. How much
will a loan cost me?
View answer here.
You may use our Payment Calculator to review our low rates
and payment schedules before requesting a loan. Go to our
website and click “Employees Login” in the top right corner
of your screen, then click on “Payment Calculator”. Enter
information as directed. You will see the maximum amount you
are eligible to request. Enter the amount you wish to request
and click “Sample Payment Schedule”. You will then see an
example of the payment schedule and amount for the loan you
may request.
2. How long does it take from the time I request a loan
until I get the money?
View answer here.
Generally in one to two business days.
3. Is going online the only way I can request a loan?
View
answer here.
No, we can also process your request over the phone. Simply
call 888-928-7248 and a representative will help you get started.
You will need to be able to send and receive a fax to use
our telephone service.
4. What kind of loan is this?
View
answer here.
This is a revolving line of credit (1) that you access when
needed. You repay the loan in multiple payments through your
paycheck.
5. Can I see what my repayment schedule and payment amounts
will be BEFORE I actually request an advance (2)?
View
answer here.
Yes! Simply log in to the WCUSA web site and click on “Employees
Login” in the top right corner of your screen, then click
on “Payment Calculator”. Enter information as directed. You
will see the maximum amount you are eligible to request. Enter
the amount you wish to request and click “Sample Payment Schedule”.
You will then see an example of the payment schedule and amount
for the loan you may request.
6. Who else at work will know I requested a loan?
View answer here.
Traditionally, plans are designed to ensure a quick and private
request process. WorkersChoiceUSA
will verify your employment and income, then notify your payroll
department of repayment amounts and schedules. No one else
needs to know.
7. How many loans can I request?
View
answer here.
WCUSA employee loans are a revolving line of credit. There
is no limit to the number of loans you may request.
8. Can I have more than one loan at a time?
View
sanswer here.
When you initially request a loan from WCUSA, you will receive
a line of credit up to your maximum eligible amount (half
of your monthly gross income). Loan requests are made in minimum
amounts of $500. You must have at least $500 available towards
your eligible limit in order to request additional funds if
you are currently repaying a WCUSA loan.
9. What if I’m being garnished?
View answer here.
WorkersChoiceUSA
may or may not be able to approve your loan request. If you
are being garnished in the amount of 25% or more of your monthly
income, you are not eligible for a WCUSA loan. Garnishments
and other legal deductions include: child support, defaulted
student loans, taxes, unpaid court fines, and any other type
of monetary judgment.
10. Can I pay the loan off early?
View
answer here.
Yes, you can. There is no cost or penalty for early pay-off.
11. What happens if I can’t pay you back? What happens if
I lose my job? Quit my job? Get laid off from my job? Will
I still have to repay my loan?
View answer here.
Yes, you will need to repay your loan. A representative will
contact you to create a repayment plan that works with your
individual situation.
12. Can you send the savings plan amount to the savings
account I already have?
View
answer here.
Employees will have access to their savings plan amount and
can move it into any account they choose, or simply withdraw
the funds from the account.
13. How do I take advantage of your savings account program?
View
answer here.
Give us a call and we will arrange a savings account for you
so you can begin your own savings program. You may even elect
to have your paychecks directly deposited into your savings
account as long as your employer offers that service.
14. Will you run a credit check on me?
View
answer here.
No, we do not run credit checks.
15. Will this service improve my credit rating?
View
answer here.
WorkersChoiceUSA
transactions will be automated and reported to credit reporting
agencies. The successful payments on your loan should provide
positive reporting to the credit agencies. That’s making your
paycheck work for you!
16. How do I get started?
View
answer here.
Simply go to www.workerschoiceusa.com
and click on “Employees Login”. Click “New Users Click Here”,
then enter your company name in the empty box, and choose
the company you work for from our secure drop-down menu and
follow the enrollment prompts. You can enroll for future convenience,
or enroll and request a loan at the same time. Or, if you
prefer, you can call us at 1-888-928-7248 and we can process
your request over the phone. Either way, IT’S YOUR CHOICE…
WorkersChoiceUSA!
(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) Annual $50 fee applies to first loan of benefit year.
|
About the Program