Corporate Credit Wellness

A Plus Credit offers two programs to help employers provide assistance to their employees who are dealing with financial stress. Statistics show that one in every four employees reported they are SERIOUSLY FINANCIALLY distressed and dissatisfied with their personal finances. If employees are distracted by phone calls from creditors, wage garnishments, arguments with a spouse about money or are just stressed about their financial position the employer will see it in the bottom line. The effects of reduced productivity, increased absenteeism, increased health care cost and increased turnover rate all cost employers a significant amount of money. Credit education cannot solve all of these issues but even a slight improvement can equate to a large improvement in the bottom line.

Note: A Plus Credit does not sell any financial products. We offer independent credit advice and direction.

A Plus Credit Lunch and Learn

Our Lunch and Learn program is kept to 1 hour. We would have about 30-45 minutes of material and leave about 15-30 minutes for Q&A. The topics we cover are:

  • What’s in your credit report
  • FICO Scores and what impact they have on your finances
  • FICO Scoring tips
  • Your credit profile and how banks use it
  • Need for good credit
  • What is a budget and why budget
  • Credit ratios
  • Goal setting
  • There is no charge for this program. If the employees would like further assistance they can chose one of our individualized programs.

A Plus Credit Wellness

The program is a 30 day process consisting of two group educational sessions and individual one-on-one sessions for all participants. Employee participation is voluntary and the program fees can be paid by the employer or employee. The fee for this program is $150 per participant. A breakdown of the program:

  • First week: Rollout meeting
    • Explain format of group and one-on-one sessions
    • Determine the best method of communicating the program to the participants
    • Explain confidentiality and third party information
  • Second week: Credit education
    • How credit works
    • How credit scoring works and what it is based on
    • Credit card utilization analysis
    • Credit report overview
    • Detailed summary of a credit profile from a lenders perspective
    • Review of lending ratios
    • ID theft and how to protect yourself
  • Third week: How to create a budget
    • Step by step instructions
    • Budgeting tool that allows tracking of past performance and 12 months of future projections
    • Discuss wants vs. needs analysis
    • Introduce budget scorecard
  • Fourth week: Credit scoring tips and budget review
    • Provide credit scoring tips
    • Suggestions for improvement
    • Lending activity from the banks perspective
    • Answer questions that arose from work at home on individual budgets
    • One-On-One sessions (held throughout the month)
    • Recommend spouse attends
  • Pull one credit bureau report for the participant
    • Full analysis of report and identification of errors with employee
    • Make recommendations for improvement
    • Insurance premium review and discussion
    • Auto loan rate review and recommendations (refi to help budget, etc)
    • Mortgage loan review and recommendations (ARM vs. fixed, qualify for refi at low rate)
    • Credit card review and recommendations (payback schedule, keep open or close, etc.)
    • Offer advice on an action plan for improvement. Self help or CreditWise involvement