Employee Loans Made Easy
HedgeStar is excited to partner with TrueConnect to help assist our clients as efficiently and effectively as possible
How TrueConnect Works
TrueConnect is a web-based voluntary benefit that provides safe, affordable loans for employees, at no cost or financial risk to the employer. With no benefit enrollment process, and automated administration, it's quick and easy.
Employees Crave Financial Stability
45%
60%
63%
1 in 3
of employees say that personal financial matters cause them the most stress in their lives. PWC
of households faced an unexpected financial shock in the last year.
PEW
of Americans say they’re unable to handle a $500 car repair or a $1,000 emergency room bill.
CBSNews
American families report having no savings.
PEW
How TrueConnect Helps
TrueConnect helps employers provide financial security for their employees regardless of their financial status--no credit, poor credit or great credit.
Fast,
online application
Automatic
payroll deduction
No credit
score required
Free financial
counseling
Increase employee
engagement
TrueConnect offers free financial credit counseling to all TrueConnect loan borrowers to help reduce and ensure smart borrowing
Employees with no credit or low credit scores are still eligible to apply and receive a TrueConnect loan and it helps them build credit and increase their scores
Employees can pay back their TrueConnect loans through small automatic payments deducted right from their paycheck
The loan process is a fast guided online application and provides an instant decision. Funds are deposited in employee’s account usually within 24 hours
Help cover everyday expenses or unexpected emergencies which can help reduce financial stress resulting in happier, engaged employees
Nick Porter,
VP of Total Rewards at Signature HealthCARE
“The more benefits you can offer that really apply to everybody’s daily life, te more valued your stakeholders feel. We were looking for a funding source for our employees. Here in the next couple of months, stimulus checks and unemployment are going to dry up. With TrueConnect, we are ahead of the curve and we can avoid people tapping into their retirement plan.”