Advance pay service may reduce utilization of pay day loans

Advance pay service may reduce utilization of pay day loans

Americans take away roughly $50 billion in pay day loans a each racking up hundreds of dollars in fees and interest year.

But a tiny and service that is growing enables its users to simply take an advance on the paycheck may be offering the cash advance industry a run for the money.

San francisco-based technology that is financial also made headlines later a year ago whenever Walmart, the country’s biggest personal company, announced it would begin providing Even’s solution included in its worker advantages package.

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