SAN DIEGO, Sept. 9, 2016 /PRNewswire/ -- Zebit, a company committed to offering no-cost, transparent credit to hardworking Americans, has seen tremendous adoption by educators since launching its financial wellness benefit and e-commerce marketplace with interest-free credit to educators in 130,000 K-12 schools, colleges, and universities. In less than 45 days, teachers and administrators from over 450 schools in 47 states have joined Zebit. This rapid adoption can also be attributed to Zebit expanding its marketplace of furniture, appliances, electronics, and more, to now include over 11,000 classroom supplies for teachers to buy now and pay over time without any interest or fees.
Research has shown that teachers spend an average of $487 out of their own modest paychecks to equip their classroom each year.1 On average, Zebit members are spending 80% of those expenses in July and August alone. With many teachers not receiving a paycheck during the summer, Zebit's interest-free credit helps teachers manage the upfront financial burden of setting up a classroom. They can buy what they need now and spread the payments over time, interest-free. Purchases include basic school supplies, common core materials, books, furniture, and classroom technology.
"We are here to give American educators a better way to provide for their students and their families," said Michael Thiemann, co-founder and CEO of Zebit. "Although teachers may use Zebit to furnish their classrooms during the back to school season, Zebit is available to manage all life event purchases from car repairs to holiday gifts to moving expenses at any time of the year."
Zebit has also been working with school districts to help increase the visibility of Zebit's financial wellness offering. By sponsoring the free employee benefit from Zebit, school districts foster employee well-being with a savings and credit safety net that include budgeting tools, online education, and access to a worry-free and interest-free credit model.
Current statistics that show how teachers spend personal money to equip their classrooms, and quotes from many who have benefited from using Zebit, are available on an infographic at zebit.com/press/2016/09/09/educators/. School districts and educators interested in joining Zebit can visit zebit.com/educators to learn more.
Zebit is committed to providing free financial resources and no-cost credit to hard-working Americans. Zebit counters deceptive financing alternatives and saves members thousands of dollars in fees by offering free financial education, interest-free financing, and access to a closed marketplace containing thousands of competitively priced products. Members pay over time without interest, fees, penalties, or credit checks. Zebit's no-cost financial wellness benefit is currently available to employees of leading U.S. companies, association members, active/retired U.S. military personnel, and educators. With improved financial literacy and access to a credit safety net, working Americans can finally plan, manage, and respond to life events more responsibly. Learn more at www.zebit.com.
1 SheerID and Agile Education Marketing, 2016 Teacher Shopping Behavior Study
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