You want someone who understands the unique challenges that you face...
Our 90 years of experience supporting Federal Employees means we are ready to step in when you most need us.
We understand the toll that furloughs can take on the federal worker community. We’re here to take care of your family throughout the process with real compassion and practical assistance. So, even in the face of unforeseen hardships and disasters, FedChoice is here to help you regain control of your financial well being, with resources and tools to protect what you’ve worked so hard to build.
During a Government Shutdown
With a shutdown currently occuring, FedChoice has made the following options available to our members:
- Fast loan decisions and funding
- Furlough Loan
- No Fee Skip-A-Pay options
As always, we encourage you take advantage of these aditional options that could help you find savings or free up cash.
- Balance transfers to our low-rate credit cards
- Home Equity and Instant Access lines-of-credit draws
- Clear Title Loans
- GreenPath Financial Wellness counselors to eliminate financial stress
FedAssist Furlough Loan+
Our 90 years of experience supporting Federal Employees means we are ready to step in when you need it most.
| You may receive the equivalent of one month's net pay as the maximum loan amount plus 60 days until first payment in 6, 12, 24 or 36 month repayment terms. | |
| Term* | As Low As Rate^ |
|---|---|
| 6 Months | 3.25% APR |
| 12 Months | 4.25% APR |
| 24 Months | 5.25% APR |
| 36 Months | 6.25% APR |
In order to be eligible for this loan, the following criteria must be met:
- You are an employee or Federal contractor for the Federal Government who did not receive a paycheck as a result of the Federal Government shutdown. Most recent pay stub is required to prove employment.
- Copy of Furlough notice is required.
+Proof of Furlough will need to be provided to qualify for the reduced rates. No further discounts may be applied to the Furlough Loan.
* Deviation from offered terms may result in a delay in processing your loan application.
^All credit is subject to credit approval. FedChoice underwriting requirements apply. APR = Annual Percentage Rate. APR is based on evaluation of applicant’s credit at time of application. Your actual APR may vary.
No Fee Skip-a-Pay Options~
Have a loan with FedChoice? You may take advantage of a no cost Furlough Skip-a-Pay on your FedChoice loan even if you have skipped a payment within the last 12 months. This option is available on vehicle loans, VISA® credit cards, lines-of-credit, and personal loans. Real estate loans do not qualify for this program. Note: Interest will continue to accrue on your account.
Contact FedChoice to Skip-a-Pay
~Loan must be in good standing when requesting a skip. Not all loans are eligible to be skipped.
Let's talk about the options that are best for you.
Contact us or call 800.969.6151
We look forward to helping you during this time.