Quin is not a loan — you do not pay your up to $3,000 in Lifestyle Protection funds back, but Quin membership includes either a credit card or a credit builder loan. The company describes itself as a private program that offers financial help in the event of unemployment.
You pay a monthly fee and have access to the payout if you lose your job, and Quin also provides ongoing credit building and personalized savings features for its members.
Quin is meant to supplement your state unemployment funds so you can maintain and build your credit in addition to preserving your lifestyle and paying your bills while you’re unemployed.