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

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

NEW YORK -- When Anna Branch, 37, had her hours at work reduced in 2019, she suddenly noticed ads for an app called EarnIn.

These apps allow workers to get paid between paychecks - Vimarsana News

These apps allow workers to get paid between paychecks

Experts say there are steep costs

Experts warn of steep costs to worker wage access apps - Vimarsana News

Experts warn of steep costs to worker wage access apps

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 - Vimarsana News

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

NEW YORK — When Anna Branch, 37, had her hours at work reduced in 2019, 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 to $100

With these apps, workers get paid between paychecks, but at what cost? - Vimarsana News

With these apps, workers get paid between paychecks, but at what cost?

These apps extend small short-term loans to workers in between paychecks so they can pay bills and meet everyday needs.

Source: wgntv.com