Advance pay service might reduce usage of payday advances

Advance pay service might reduce usage of payday advances

NYC (AP) — Americans take out approximately $50 billion in payday advances a each racking up hundreds of dollars in fees and interest year. But a little and service that is growing permits its users to simply take an advance on the paycheck may be offering the pay day loan industry a run for the cash.

San Francisco-based technology that is financial also made headlines later this past year when Walmart, the nation’s largest private manager, announced it might begin providing Even’s solution as an element of its worker advantages package. Continue reading “Advance pay service might reduce usage of payday advances”