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Require financing? Your investment part payday lender — your employer has you covered

Require financing? Your investment part payday lender — your employer has you covered

Your manager might donate to your retirement account or help pay money for medical health insurance. But can it assist you to set an emergency fund up? Or give you financing of some thousand bucks whenever your transmission stops working?

In the event that you work with Comcast Corp., yes.

The Philadelphia-based telecom and entertainment giant is rolling out those as well as other advantages to its above 160,000 employees at NBC Universal as well as other subsidiaries through a fresh Comcast-backed advantages company. It is the latest instance of a huge manager seeking to https://badcreditloanshelp.net/payday-loans-pa/uniontown/ include it self in workers’ monetary life by providing not merely education and guidance but real cash.

Started this season by Comcast’s venture-capital supply, benefits firm Brightside announced final thirty days so it would provide loans through north park company Employee Loan possibilities. The loans of $1,000 to $2,000 should be accessible to most workers, don’t require a credit check and generally are reimbursed through payroll deductions.

The loans are more expensive than the typical credit card but are dramatically cheaper than other types of debt available to borrowers with bad credit or little credit history with an interest rate of 24.9. (more…)