SANTA MONICA, Calif.–(BUSINESS WIRE)–College Hunks Hauling Junk & Moving, a leading moving firm with over 100 franchises and 2,500 employees across the nation, has entered into a program between its corporate stores and Grow Credit to help its workforce establish and build credit for free.
Grow Credit Inc., a Santa Monica, California-based Fintech company, helps consumers establish or build credit for free thanks to a virtual Mastercard backed by a small-dollar loan. The card is exclusively dedicated to processing payments from subscription companies such as Disney Plus, Netflix, or Spotify.
College Hunks’ workforce includes Gen Z and Millennial employees, groups that are often denied access to affordable credit products due to a lack of credit history. Additionally, they often suffer from prohibitive car payments and large upfront costs for apartment rentals. These are just a few examples related to the adverse consequences of living in the United States with no credit or thin credit files.
“We wholeheartedly believe in Grow Credit’s mission,” said Omar Soliman, CEO and Founder at College Hunks, “since the firm is delivering an impactful solution that will positively help the financial health of our workforce.”
Grow Credit also offers a premium plan with an array of features, including the ability to use cell phone bill payments, from AT&T, T-Mobile, and other major carriers, to help boost credit scores. College Hunks employees will be able to gain access to the premium memberships at a discounted rate, which will enable them to begin their credit-building journey on a healthy financial footing.
“We are excited to be collaborating with one of the fastest-growing firms in the United States,” added Joe Bayen, Founder and CEO at Grow Credit. “College Hunks was created around a shared value of building leaders, which is another reason why partnering made so much sense.”
About Grow Credit Inc.
Grow Credit’s innovative credit-building service lowers the barrier of entry for millions of Americans who need to establish and build credit. Combining a small-dollar loan with a virtual Mastercard, the service manages subscription payments, such as Netflix, and reports loan balances to the credit bureaus. The Mastercard is issued through Sutton Bank and is exclusively designed to process subscription payments. The company is based in Santa Monica and was founded in 2018 by financial industry veterans. Learn more at www.GrowCredit.com.
About College Hunks®
Hunks stands for “Honest, Uniformed, Nice, Knowledgeable, Service.” Originally founded by two college buddies in a cargo van, College Hunks Hauling Junk & Moving® is the only full-service residential and commercial service company that offers moving, junk removal, donation pickups, and labor services in the United States as well as Canada, with over 100 franchise locations across North America.