In times of emergency, cash advance apps like Earnin, Dave, and Brigit can be a lifesaver. They allow you to borrow a small amount from your next paycheck before you receive it, so you can get the money you need quickly. However, it's important to look for cheaper options before turning to an app. Here are five apps that offer cash advances and some alternatives to consider. Earnin is a paycheck advance application that tracks your hours worked using a timesheet or by tracking your location.
It also has a feature that notifies you when your bank account balance is low and a feature that will supplement it with a commission. The money you borrow should arrive in your account within three business days. Cash advance apps are similar to payday loan lenders in that they provide quick cash before your next paycheck. However, they tend to charge much lower rates than payday loan lenders or none at all. Plus, payments made to these apps won't be reported to major credit bureaus, so they won't help or hurt your credit rating. If you're looking for cheaper options than cash advance apps, Bankrate is a great place to start.
Founded in 1976, Bankrate has been helping people make smart financial decisions for more than four decades. They demystify the financial decision-making process and give people the confidence they need to make informed decisions.
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