Naperville, Illinois (February 29, 2024) |
In partnership with TruStage, QCash Financial has proudly announced the availability of Payment Guard Insurance to its credit union clients, providing portfolio coverage to potentially help prevent loans from becoming delinquent or charged-off due to covered job losses.
“We are really excited and thankful for this partnership,” remarked Seth Brickman, CEO of QCash Financial. “The TruStage team was able to tailor their existing Payment Guard Insurance solution to provide greater peace of mind to our credit union clients and, in turn, the members of those credit unions.”
Lending insurance has played a critical role throughout the consumer credit ecosystem. As loans become digitized, TruStage with its first-of-its-kind digital lending insurance solution provides coverage for a fully digital lending event. The Payment Guard solution is designed to be a component of the loan, integrating easily and adding an extra layer of protection for both borrowers and lenders. With this new offering, TruStage is now protecting over $375 million1 in aggregate loan portfolios and is focused on providing coverage to digital lenders/fintechs as well as their underlying lending capacity providers.
"TruStage and QCash Financial are united in our vision of enhancing the financial well-being for borrowers and lenders alike,” said Danielle Sesko, Director of Product Management “Through our partnership with QCash, we are not just mitigating risk; we are fostering trust and resilience in lending transactions.”
To learn more about this TruStage offering at QCash, click here. To start a dialogue with TruStage about this offering, click here.