Helping families through the January crunch
DES PLAINES, IL, January 06, 2023 /24-7PressRelease/ — “All the Christmas presents have been opened, the carols have been sung and the parents have sent their kids back to school,” says Mike Guenther, chief operating officer of S.A.I.L. Loans.
“But it’s at this very time, with the holidays just over,” he adds, “when the need for cash may be greatest.”
Bills for gifts and holiday expenses often start appearing in the mail during late December and January, and families can find themselves caught short.
An innovative solution for families in financial need
“We understand that many families lack the savings or the financial resources that can help them meet these necessities and unexpected expenses,” says Mike. “That’s why all of us at SAIL Loans are so excited about our innovative savings and installment loan offering, and the ways it can help provide financial stability.”
With SAIL Loans’ savings and installment loan, customers can build savings and get funded for an installment loan up to $4,000 in three easy steps.
Cash today, savings tomorrow
“Our savings and installment loan works in two ways,” Mike explains. “You’re getting a loan to meet your immediate needs, but you’re also building a savings account as you pay off the loan. So you’ll find yourself in a better, more stable financial situation and can then continue building your savings.”
A 2021 study by the Federal Reserve found that 36 percent of American households don’t have enough money on hand to cover a $400 emergency.
The savings assistance that can foster financial stability
“Many American consumers have difficulty saving money,” Mike notes. “They may never have learned how to save, or they face expense after expense that get in the way of building their savings. Our savings and installment loan helps get them on the right track, and it helps them build their credit history as well.”
Customers can apply for a savings and installment loan through the SAIL Loans website or by visiting one of the company’s many convenient Illinois locations.
“We don’t want families starting the new year without the savings they need to weather life’s emergencies,” concludes Mike. “That’s why we invite our customers to set sail for financial stability.”
About SAIL Loans
SAIL Loans, headquartered in suburban Chicago, gives Illinois consumers a simple, easy way to build savings and get funded for an installment loan of up to $4,000, both online and at 19 convenient locations across the state.
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