Americans take down approximately $50 billion in payday advances a each racking up hundreds of dollars in fees and interest year. But a tiny and growing solution that permits its users to simply just take an advance on the paycheck could be providing the pay day loan industry a run for the money.
San Francisco-based monetary technology business also made headlines later this past year when Walmart, the nation’s biggest private manager, announced it could begin providing Even’s solution as an element of its worker advantages package. Continue reading “Advance pay service may reduce usage of pay day loans”