TrueConnect provides a safe, affordable financial solution for employees who need a helping hand in times of financial hardship. This solution gives them a way to find relief when a financial emergency arises and help them avoid predatory lenders. Employees can take out a TrueConnect loan without regard to their credit score, and they can […]
Dispelling Common Myths About TrueConnect Loans Read More »
Financial issues are the most common causes of stress among men and women. As employers are beginning to learn, financial wellness and health are very closely linked, which is why nine out of 10 medium and large companies are starting to add financial wellness programs to their list of employee benefits. The advantages are clear:
Employees Demand More Financial Wellness Benefits Read More »
A surprising amount of people are unaware of the credit scoring system, let alone their own credit rating. But when they try to get credit to purchase a home or car, their credit score – or lack thereof – suddenly becomes a huge issue. What is a Credit Score? In short, your credit score shows
How Does Your Credit Score Affect Your Life? Read More »
Your credit score can pose a financial dilemma. Having bad credit means you have a credit record, but you’ve made some mistakes and it doesn’t look good. Having no credit means you do not have an existing credit record. If you fall into the latter category, it means that creditors have no way to predict
The Trap of No Credit: Is It Worse Than Bad Credit? Read More »
A loan shark is a person or company that lends people money and charges upfront fees and a high interest rate on very short-term, small loans. Typically, loan sharks target people who are in financial distress and in desperate need of cash. They will harass borrowers by means of intimidation, threats, and blackmail if the
How to Help Employees Avoid Loan Sharks Read More »
St. Paul, MN – Sunrise Banks of St. Paul, MN, today announced that TrueConnect, a benefit program offered in partnership with Employee Loan Solutions, LLC, was selected by Sourcewell as an employee benefit program available to its more than 50,000 public sector and non-profit members. Sourcewell, formerly known as NJPA, conducts national competitive bid processes
TrueConnect Awarded Sourcewell Contract for Government Employers Read More »
The Great Recession was a major economic downturn that affected the global financial markets from December 2007. From that month, until the end of the recession in June 2009, the GDP declined by 4.3 percent, while unemployment rose to 10 percent — this took a long-term toll on the economy. Some areas of the United
Some Areas May Never Recover from the Great Recession Read More »
Despite the strong economy, personal finance is still a major stressor for Americans. According to the 2018 National Financial Capability Study (NFCS), more than 53% of Americans state that thinking about personal finances causes them anxiety. The study also reveals that single women are more likely to feel anxious about financial planning than single men.
More Than Half of Americans Say Personal Finance Makes Them Anxious Read More »
In 2018, the Financial Industry Regulatory Authority (FINRA) conducted a National Financial Capability Study (NFCS), which was designed to measure and analyze people’s experiences of and perceptions to their personal finances. One of the things revealed by the study is that many Americans find their personal finances to be a significant source of stress. More
Education is Key to Financial Wellbeing, Study Confirms Read More »
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