Financial wellness should encompass many things, including:
- Financial education and counseling
- Financial tools and solutions that work
- Incentives to save and invest
Today, many financial wellness programs focus only on financial education. What they’re lacking in are actual solutions or tools that help employees resolve debt or start saving.
TrueConnect was founded as a small-dollar loan alternative providing employees with what no other program has been able to do safely before: no-credit check advances.
Our patented, automated no-credit check advance has helped thousands of employees get back on their feet after a financial hardship…but we’ve only scratched the surface of how we can help them become more financially healthy.
That’s why TrueConnect has evolved to be more than just an employee loan program.
Turning a new chapter…
TrueConnect is now the Financial Wellness Platform that provides the financial wellness solutions that work for the employees who need them most. And there is still no cost or financial risk to employers.
While our no-credit check advance is unique and really works, we know that employees may need more solutions when it comes to their financial wellness. Specifically, they need tools that meet their needs based on where they are in their journey to financial wellness.
That’s why we’ve evolved–still at no cost or financial risk to employers.
Now, TrueConnect is the Financial Wellness Platform that includes:
- No Credit Check Advances
- Credit Check Personal Loans
- Free Online Banking
- Emergency Savings Program
- Rewards Program
- Financial Counseling
- Debt Management
- Discounted Prescriptions
Our programs work seamlessly together to help employees along their Financial Wellness Journey..
What exactly is the Financial Wellness Journey?
The Financial Wellness Journey is comprised of three stages:
- Financial Insecurity
- Changing financial habits
- Financial security
Financial Insecurity
Many times, this looks like someone who:
- Is living paycheck to paycheck
- Has no credit score or a very poor credit score
- No savings at all
- No budget, no plan
- Student loan debt
- Many other debts
In this financial insecurity stage, money tends to be a consistent thought and usually a major stressor in one’s life. They can’t focus on financial education because they need help paying their debts.
Changing Financial Habits
Once debt has started to subside and solutions have been put in place, it’s much easier to start changing financial habits to focus more on the future vs. present day.
This starts to include the following:
- Financial education
- Physically paying down debt
- Growing emergency savings
- Paying bills on time
- Increasing credit score with each transaction
Financial Security
Once you feel like you have a good grasp of your finances, you can start participating in programs like:
- Retirement plans
- College savings plan
- Buy a house/car
- Starting to reduce tax liability
Once you hit this stage, you are much more financially stable and sound.
This journey can ebb and flow, which is why TrueConnect now provides you with options depending on your needs; where are you at this moment.
You can help your employees
TrueConnect is on a mission to provide safe, simple and affordable financial support to employees in need. Whether employees need a helping hand or they deserve to be rewarded for their pristine financial standing, TrueConnect has the program for every employees’ needs.
Why wouldn’t you give your employees options when it comes to their financial help? There is still no cost to employers, and TrueConnect is automated and online, so it’s still easy to administer.
To learn more about TrueConnect’s Financial Wellness Platform, let’s schedule a call. Contact us and we’ll reach out to you soon.
