Retailers to offer financial services

(WPRI) - With today's consumers feeling more comfortable shopping for financial products outside of a traditional bank, a growing number of retailers are stepping up their game.

Think of it as the next generation of one-stop shopping, where retailers are going beyond the basic store credit card. Costco, Walmart, Sam's Club, and Home Depot all offer exclusive deals on a slew of financial services.

For first time homeowners looking to save, they can head to Costco to pick up groceries, home insurance, and a mortgage.

Depending on the store, retail stores may offer a sense of comfort. According to Tom Feltner from the Consumer Federation of America, nearly 10 million households in the United States do not have bank accounts from traditional banks.

At some retailers, financial products are available for those that might not necessarily qualify for a bank loan.

However, the same rules apply whether you are seeking out a loan from a retailer or a bank. Make sure to shop around in order to find the best possible deal.