Illinois' Newest Fintech Introduces Game-Changing Installment Loan to Families in Indiana

    DEL PLAINES, IL, September 09, 2023 /24-7PressRelease/ -- The revolutionary savings and installment loan offered by GoCredit.me is now changing the lives and brightening the financial futures of families in Indiana.

"Consumers with limited financial means now have a dependable resource that can help them with their immediate needs and enable them to build a more secure financial future," says Dave Papeck, GoCredit.me Senior District Manager.

"GoCredit.me has commenced lending operations in Indiana," he continues, "and our savings and installment loan will help countless families put themselves in a more positive financial situation."

Online lender GoCredit.me, headquartered in Illinois, is the state's newest fintech (financial technology, abbreviated to fintech, is a term used to describe new technology that seeks to improve and automate the delivery and use of financial services) and one of Illinois' fastest growing companies.

An innovative solution for families in financial need

Tens of millions of American families lack the stability a savings account provides. The latest federal report on the Economic Well-Being of U.S. Households (issued by the Federal Reserve) found that only 68 percent of Americans are equipped to cover a $400 emergency expense.

"Life's emergencies happen all the time," says Dave. "But if you don't have savings to draw on, an unexpected medical bill, a surprise car repair or some other event could put you in a real financial crisis. And you'd likely find it very difficult to get a loan from a bank or credit union.

"For families without savings," he continues, "the GoCredit.me savings and installment loan delivers a solution that makes such a difference. They get the funds to meet their immediate and pressing needs, and they build the savings that provide longer-term financial stability."

It's Simple: Cash Loans + Savings!SM

With the savings and installment loan offered by GoCredit.me, Indiana customers can get funded for an installment loan up to $2,000, build a savings account and get the chance to build their credit history.

Here's how the loan works:
• Application—after completing and submitting the brief installment loan application, customers can get approved within minutes
• Funding—A portion of the funds can be deposited directly into their bank account the same day, and a portion will be placed into a secure savings account that the customer can monitor through an online portal
• Building—As a customer makes installment payments, their savings build and accrue interest, and their payments are automatically reported to one of the leading credit bureaus, which gives them the opportunity to build their credit history
• Collect—Once the installment loan is paid off in full, the customer receives full access to the funds in the savings account

Putting a more secure financial future within reach

"Let's face it—building savings can be a tremendous challenge when expense after expense get in the way of putting money aside," notes Dave.

"Our savings and installment loan provides a way for families to work their way toward a brighter financial situation," he adds, "one in which an unexpected expense won't completely derail their budget and leave them at a continual disadvantage."

Another key benefit of the GoCredit.me savings and installment loan is the automatic reporting of a customer's installment payment history to one of the leading credit bureaus.

"As a customer pays off their loan," says Dave, "they're building their savings but they're also getting the opportunity to build a positive credit history. That's something that will be valuable when they buy a home or car, rent an apartment or apply for a job.

"At GoCredit.me, we think building a positive credit history is so important," Dave adds, "'credit' is part of our name."

Online convenience and courteous customer service

Customers can apply for the GoCredit.me savings and installment loan by visiting the GoCredit.me website or by contacting a customer service representative at 888-599-5077.

"Earlier this year we introduced GoCredit.me and our innovative new savings and installment loan to customers in Illinois and Oregon," Dave concludes. "Now we're excited to make this loan available to consumers in Indiana. We're looking forward to helping lots more families on their journey toward increased financial stability."

About GoCredit.me

GoCredit.me, Illinois' newest fintech, is headquartered in suburban Chicago. The company gives customers in Illinois, Oregon and Indiana an easy way to build savings and get funded for an installment loan through a quick and simple online application process.

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