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

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

A 60-year-old worker in Texas says she s dependent on apps that let her get paid early: They get you hooked on having that money

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…

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.

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