Simply Credit Designs a Platform to Help Credit Union Members Escape High-interest Credit Card Debt
June 26, 2018
According to the Federal Reserve Bank, Americans owe more than $1 trillion in credit card debt — the most owed since the Great Recession. Strategic Link partner SimplyCredit offers a platform that allows credit union members to conveniently pay off their high-interest credit card debt through credit union loans.
SimplyCredit is known for its online tools and analytics that help credit unions navigate a changing financial landscape and strengthen member relationships by meeting members where they are. The credit union landscape is changing to reflect digital banking and its advantages, and SimplyCredit provides a seamless web and mobile experience that enables members a solution for high-interest rates on credit cards.
The SimplyCredit platform allows credit union members to continue to reap the awards benefits – often times offered when opening a credit card – then pay off the credit card debt with a loan held by the credit union. Of course, the interest rate on the credit union loan is much lower than the credit card interest, and it’s a tool that provides credit unions the chance to engage with their members, especially when they are consistently and digitally being offered perks elsewhere.
Learn more about how SimplyCredit can help credit unions and their members address an increasingly digital banking world with an informative webinar scheduled for July 11 at 11 a.m. PDT (12 p.m. PDT).