Life Event Loans
In partnership with QCash, your credit union can provide instant funding to members facing a life event. These loans are accessible to your members anytime from anywhere on any device from the convenience of your credit union’s digital banking platform. In less than 60 seconds, funds are deposited into the member’s credit union account – without a credit check.
You read that right. Because QCash’s platform leverages relational data rather than credit score for underwriting, life-altering funds are put within reach for individuals who may not qualify for traditional lending options. These are the same members that might otherwise turn to predatory sources, like pawn shops and payday lenders, to access funds in their time of need.
How QCash’s current credit union clients leverage Life Event Loans to support their members:
- Accidents
- Illness or injury
- Home or auto repair
- Pet emergency
- More month than money
It's Melanie's first year out on her own, and for the most part, things are going great. She's enjoying her new teaching job, and though finances are tight, she’s been making it work, albeit paycheck to paycheck. That is, until she pops a tire while driving home from work. She beelines to the nearest mechanic to learn she not only needs to replace the popped tire, but all four. Since car insurance won’t cover a repair like this, Melanie’s now on the hook. Her checking account holds $1,200, rent is due in two days, and payday isn’t for another week…
What’s Melanie to do?
When life happens, you can help members like Melanie with a QCash Life Event loan.
QCash is for more than just life event lending. Whether members are bracing for back-to-school season or an incoming hurricane, QCash helps your credit union serve all members, no matter the need. Together, we can make small-dollar lending easier and more accessible for everyone.
The secret sauce to a successful small-dollar loan program? Marketing to your members. QCash makes advertising easy with an array of premade marketing tools and templates that are customizable yet hassle-free.
Simple, fast and efficient way to meet our member’s short term financial needs.