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Inside My Wallet: Meet Natalie C.

Inside My Wallet is a series where we talk to Salary Finance members about their journey moving out of debt and into saving. Today we’re talking to Natalie, a Quality Assurance Training Specialist at a major insurance company in Maryland. Natalie spoke to us about how she used her Salary Finance loan to make paying down her credit cards more simple and stress free, and why she recommends Salary Finance to her coworkers. 


How did you feel when you heard that your employer was going to introduce Salary Finance?

My first impression was that it was very unique – I had never heard of an employer offering a benefit like this. A lot of employees, including myself, were excited to hear this type of option was available should we need to borrow money. For me, what was most appealing was the convenience and simplicity of it. 


What was the reason you were looking to take out a loan? 

I was looking to pay off my credit card debt, and Salary Finance allowed me to do that in one fell swoop. I like that I just have one payment that comes out of my paycheck, and the option to pay it off entirely whenever I am able to. 


Were there any other options you were looking into to pay down your debt besides Salary Finance? 

I was considering taking out money from my 401k, but I really didn’t want to have to do that. Salary Finance was simple, quick, and a better option for me than touching my 401k. 



How were you feeling about your finances during that time? 

I was feeling slightly uneasy, because I had to rearrange my finances to be able to figure out a way to afford my bills. Before I took out the Salary Finance loan I was trying to pay everything down on my own, but it was causing me stress and ultimately it was easier to just consolidate my debt and knock it out at once. 


How has your experience been with Salary Finance? 

It’s been very good. I got a response to my application very quickly and everything was very clear and upfront – not at all misleading. The customer service team also responded to my inquiries very quickly in a friendly, honest way – it was much better than feeling like you were speaking to a robot. 


I also really like the payment automatically coming out of my paycheck and am very happy that option is offered. It makes it easy and simple, and I don’t need to worry about logging on to my account and making a payment on time or any of that. 


Everything from the online application to actually communicating with Salary Finance team members has been great.


Have you applied for loans previously? If so, how has your experience with Salary Finance compared?

Yes I have. The difference is when you usually take out a loan there is a long waiting period from the time you apply to when you get your money – with Salary Finance it’s a much faster process. 


The experience was really good too, anyone who applies will see that the process is very easy and consumer friendly. 


How does having this benefit available through your employer impact how you feel about working for them?

I’m one of those people who loves my job, I’ve been working here for 16 years and I have a great experience at work. I’m always happy to see them listening to employees and addressing our needs at all levels – financial, wellness, health – so I was very happy that this option was available to me and other employees. A lot of times people don’t want to touch their 401k to take out a loan, so that’s why Salary Finance just makes sense. 


Would you recommend Salary Finance to your friends or colleagues? 

I would definitely recommend it – I already told like five of my coworkers, and two of them have actually told me that they ended up applying, getting a loan, and actually ended up in a much better situation as far as their interest rate and saving money. 


I also like that you look at work experience and other things, not just credit – sometimes people don’t have the best credit score and it’s great to know Salary Finance may be able to help them. 



Interested in getting Salary Finance where you work?



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