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Financial Wellness

From the beginning, Purchasing Power has been in the business of helping hardworking employees. We give them a way to make needed purchases without the pressures of traditional credit options.

The Reality

The facts and numbers speak for themselves. Most Americans struggle financially and continue to live paycheck-to-paycheck.

2 out of 3

Americans would struggle to find $1000 to cover an emergency

49%

of United States consumers do not qualify for prime credit

60%

of employees are worried about money

Business Impact

Employees who are financially stressed carry that weight into the workplace, where 23% of employees say they are less productive because of financial worries (source: 2017 MetLife Benefits Trends study).

This financial stress can lead to several negative outcomes, including:

  • withdrawing loans against retirement savings
  • asking for payday advances
  • having unexpected absences
  • dealing with preventable medical issues
  • losing productivity because of the need to focus on finances at work.

Learn more about the signs of employee financial stress.

The Purchasing Power Difference

By giving people a way to pay for important and emergency purchases over time, we reduce financial stress and improve the quality of life for our customers. We believe that people should have reliable and fair financing choices that keep them on the path to financial health.

 CashPayday Loans,
Rent to Own
Credit CardPurchasing Power
Pay Over Timenot availableavailableavailableavailable
No Credit Checkavailableavailablenot availableavailable
Easy Payroll Deductionnot availablenot availablenot availableavailable
Manageable Paymentsnot availablenot availablenot availableavailable
No Ballooning Interestavailablenot availablenot availableavailable
No Late Feesavailablenot availablenot availableavailable

Compared to cash

 CashPurchasing Power
Pay Over Timenot availableavailable
No Credit Checkavailableavailable
Easy Payroll Deductionnot availableavailable
Manageable Paymentsnot availableavailable
No Ballooning Interestavailableavailable
No Late Feesavailableavailable

Compared to payday loans

 Payday Loans,
Rent to Own
Purchasing Power
Pay Over Timeavailableavailable
No Credit Checkavailableavailable
Easy Payroll Deductionnot availableavailable
Manageable Paymentsnot availableavailable
No Ballooning Interestnot availableavailable
No Late Feesnot availableavailable

Compared to credit cards

 Credit CardPurchasing Power
Pay Over Timeavailableavailable
No Credit Checknot availableavailable
Easy Payroll Deductionnot availableavailable
Manageable Paymentsnot availableavailable
No Ballooning Interestnot availableavailable
No Late Feesnot availableavailable

While many of the options available to our customers come with shifting or hidden costs, our pricing is transparent. We don’t charge interest or stack fees over time. These benefits, combined with built-in spending limits, help reduce overall financial stress.

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