The Power of Payroll Deduction Lending through payroll deduction is optimal because payment is efficient and guaranteed. It benefits both consumers and lenders:

Up until recently, lending through payroll deduction has not been a viable option due to the labor-intensive and error-prone payroll deduction process. E-Duction’s patented technology platform makes lending through payroll deduction not only possible but easy.

In short, E-Duction’s technology platform automates the collection, aggregation, calculation, and remittance of variable payroll deduction amounts. This means that an unlimited number of transactions from any source can be combined into one payroll deduction or a company-defined number of payroll deductions; electronically, with no HR/Payroll intervention.

Contribution Processing and Benefits Administration

In addition to offering specific credit solutions, E-Duction also offers contribution processing and benefits administration services. Our technology’s ability to easily combine multiple products from multiple carriers while dynamically calculating variable contribution and payroll deduction amounts, allows our clients to increase the number of elective benefits offered at a reasonable cost.