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These apps allow workers to get paid between paychecks. Experts say there are steep costs

More people are using so-called Earned Wage Access apps to get money to pay bills and buy groceries in between paydays. The typical user earns less than $50,000 a year,

These apps allow US workers to get paid between paychecks. Experts say there are steep costs

EarnIn is one of more than a dozen companies that provide this service, billed as Earned Wage Access. The apps extend small short-term loans to workers in between paychecks so they can pay bills and meet everyday needs. On payday, the user repays the money out of their wages.

Apps allow workers to get paid between paychecks but experts say there are steep costs

'Earned wage access' apps are booming; critics want it to stop | The Arkansas Democrat-Gazette

NEW YORK -- When Anna Branch, 37, had her hours at work reduced at the start of the pandemic in 2020, she suddenly noticed ads for an app called EarnIn.

Need money before payday? These apps will help. But at a big cost

More people are using Earned Wage Access apps to get money to pay bills in between paydays. Some consumer advocates say the fees make the apps comparable to payday loans.

These Apps Allow Workers to Get Paid Between Paychecks. Experts Say There Are Steep Costs

These apps allow workers to get paid between paychecks. Experts say there are steep costs

More people are using so-called Earned Wage Access apps to get money to pay bills and buy groceries in between paydays. The typical user earns less than $50,000 a year,

These apps allow workers to get paid between paychecks. Experts say there are steep costs – Metro US

NEW YORK (AP) — When Anna Branch, 37, had her hours at work reduced at the start of the pandemic in 2020, she suddenly noticed ads for an app called EarnIn. “You know how they get you — the algorithms — like they’re reading your mind,” Branch said. “The ad said I could get up […]

These apps allow workers to get paid between paychecks. Experts say there are steep costs

When Anna Branch, 37, had her hours at work reduced at the start of the pandemic in 2020, she suddenly noticed ads for an app called EarnIn. EarnIn is one of more than a dozen companies that provide this service, billed as Earned Wage Access. While Earned Wage Access apps have been around for over a decade, the pandemic and its aftermath boosted their popularity.

These Apps Allow Workers to Get Paid Between Paychecks. Experts Say There Are Steep Costs