New Texas AFT Member Benefit: BMG Money “LoansForAll” Program

Texas AFT is pleased to introduce a new membership benefit for active members and retirees: the BMG Money “LoansForAll” Program.  

The BMG Money “LoansForAll” program for Texas AFT members allows employees and retirees to borrow responsibly and repay the debt over time, with fixed, affordable installments regardless of credit score. 

The BMG Money “LoansForAll” benefit package also includes free financial wellness tools and programs for Texas AFT members. 

BMG Money may be a suitable alternative for those with less than-perfect credit who need a loan fast for an emergency. If you have limited loan options, BMG Money loans are a better alternative than payday loans because the APR is generally significantly lower. 

Fast Facts About “LoansForAll”

  • BMG Money has provided over $3.5 billion in financial assistance nationwide to K-12, higher education, health care, private, and local federal government employees. BMG Money also has AFT partnerships throughout the country, including the United Teachers of Dade and Broward Teachers Union.
  • Current Texas AFT members who apply under the Texas AFT “LoansForAll” program but are employed by a Texas school district that offers BMG Money’s “LoansAtWork” program will be routed to the school district’s “LoansAtWork” program and receive its benefits.
  • BMG Money was incorporated in 2009 and has been accredited by the Better Business Bureau, BBB, since 2018. BMG Money has an “A” rating with the BBB and a 4.92 Star rating out of 5 Stars based on customer reviews. 

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