Float Money Expands Interest-Free Loan Service Into Michigan, New York, Texas, and Florida

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Start-up That Combines Everyday Shopping and Lending Now Offers Pro-Consumer Borrowing Service in 10 States

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People are looking for better borrowing options without high-interest and fees. Float meets this need with a pro-consumer program that members use to replace high interest rate credit cards, improve credit scores, or just build safer “rainy day” credit.

Float Money recently announced that it has expanded its interest-free lending services to now include residents of Michigan, New York, Texas, and Florida.

Float is an online lending solution for consumers focused on improving their financial health. Instead of offering cash or airline miles for shopping, Float rewards members with an interest-free line of credit that can be used for any purpose. The Float platform offers an industry-first borrowing alternative to credit cards and other high-rate lenders. Its network of over 1,000 online and local merchants includes national brands such as Amazon, CVS, Best Buy, Kroger, ExxonMobil, and The Gap as well as many regional and casual dining chains. Members can shop with Float merchants online by clicking through the Float Money website (http://www.floatmoney.com) or in-store by purchasing gift cards from the website. Each type of shopping adds to a consumer’s shopping history and builds the credit line available to them. More details here.

Float Money founder and CEO Shane Hadden noted that, “We are very excited to continue expanding our service throughout the US, so that more Americans can have access to a safer source of credit.” Hadden went on to say that, “People are looking for better borrowing options without high-interest and fees. Float meets this need with a pro-consumer program that members use to replace high interest rate credit cards, improve credit scores, or just build safer “rainy day” credit. We are helping people help themselves stay financially healthy.”

About Float:

Founded in 2011, Float is an online lender focused on improving members’ financial health by leveraging an asset every consumer has – their shopping loyalty. Float offers general-purpose interest-free loans to members who do their shopping for everyday items through the Float network of merchants. This network of over 1,000 online and local merchants includes top national brands, boutiques, groceries, restaurants and gas stations. Float is based in Lexington, Kentucky and currently serves members in Connecticut, Florida, Georgia, Kentucky, Massachusetts, Michigan, Ohio, New York, North Carolina, and Texas. Float will be growing to other states soon. For more information, visit http://www.floatmoney.com.

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Jay Davis
Float Money LLC
859-705-0901
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