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

a week ago
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https://apnews.com/article/earned-wage-access-costs-payday-loans-9679d1bd09546d12074e0f27e23f0632

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 to $100 this week and repay it in my next pay period.”