When the requested so you can image a pay check financial, you think out of a storefront into the a remove shopping mall that have environmentally friendly buck signs and you will fluorescent slogans such “everyday’s pay-day.” You really cannot photo a mobile application one to promotes toward TikTok and activities a colorful expression.
However, payday loans apps such as for instance Earnin and Dave provide improves that have a comparable acquire-and-repay construction given that payday lenders, and you may individual advocates state it bring comparable risks.
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