Advance pay service may reduce usage of pay day loans

Advance pay service may reduce usage of pay day loans NYC (AP) — Americans remove approximately $50 billion in pay day loans a 12 months, each accumulating a huge selection of bucks in charges and interest. But a tiny and growing solution that enables its users to just just take an advance on their paycheck may be offering the cash advance industry a run for the money. San Francisco-based technology that is financial also made headlines later this past year whenever Walmart, the nation’s biggest private manager, announced it could begin providing Even’s solution as an element of its worker advantages package.