Your company might donate to your retirement account or help buy medical insurance. But does it allow you to set up a crisis investment? Or provide you with that loan of the few thousand bucks as soon as your transmission stops working?
If you work for Comcast Corp., yes.
The telecom that is philadelphia-based activity giant is rolling down those as well as other advantageous assets to its significantly more than 160,000 employees at NBC Universal along with other subsidiaries through a fresh Comcast-backed advantages company. It is the example that is latest of a large company trying to include it self in workers' monetary life by providing not only training and guidance but real cash.
Launched in 2010 by Comcast's arm that is venture-capital benefits firm Brightside announced final thirty days so it would provide loans through north park company Employee Loan possibilities. The loans of $1,000 to $2,000 will likely be offered to most workers, don't require a credit check and tend to be repaid through payroll deductions.
The loans are more expensive than the typical credit card but are dramatically cheaper than other types of debt available to borrowers with bad credit or little credit history with an interest rate of 24.9.