Experts of payday loan providers state the prices and costs are excessive and that can trap the borrower in a period of financial obligation that will last months
Americans take down approximately $50 billion in pay day loans a each racking up hundreds of dollars in fees and interest year. But a tiny and growing solution that enables its users to simply take an advance on their paycheck may be offering the pay day loan industry a run for the cash.
San Francisco-based economic technology business also made headlines later this past year whenever Walmart, the country’s largest personal company, announced it could begin providing also’s solution as an element of its employee advantages package. Read more