Frequently Asked Questions

How does an income guarantee work? 

We assess your average income and make sure you have access to a guaranteed monthly amount to take the lumpiness out of flexible work. Whether your income varies because of planned events (vacation, parental leave, time off for education, etc.) or unplanned events (sick leave, delays in collecting from clients or just temporary slowdown in finding work), we’ve got you covered.

Who is this for?

Any flexible worker who wants to benefit from smoother and more consistent income. We know flexible work can be variable but your income doesn’t have to be. Income Guarantee provides an income floor to make sure you always have enough to live on. You don’t have to worry about paying anything until you’re earning enough to start paying off. 

Why wouldn’t I just use a line of credit or loan?

Control’s Income Guarantee isn’t like a bank loan or line of credit. We don’t require you to have a traditional job, consistent income or meet a minimum credit score. Unlike bank loans or lines of credit, you don’t pay anything until you’re earning enough to afford it. We focus on one thing only: helping you enjoy the benefits of flexible work without the stress of worrying about next month’s bills!

How much of my income do you take?

We work with you to set an income threshold that you feel comfortable with to cover your life expenses. If you earn less than that amount, we top you up so you don’t have to worry about paying your bills that month. If you earn more than that threshold, we take anywhere from 25% to 50% of the amount in excess of the threshold to repay the balance outstanding on Income Guarantee. You can always choose to pay more if you’d like, but you’re not forced to pay more than that to make sure you’re fully supported on your journey as a flexible worker.

What happens if I have no income?

If you don’t have any income, you don’t pay us! In fact, we automatically top up your income as long as there’s room available in your Income Guarantee balance in months where you earn less than your typical amount (which we call your income threshold). To make sure we’re able to take care of all of this for you and meet the terms of your agreement, we need to see your bank accounts and annual statements so we can verify incomes and top up and repay when needed. 

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