Paycheck advance apps like Even.com, PayActiv, EarnIn, DailyPay and FlexWage are helping to provide employees access to their earned income so they can meet their financial needs; the apps are providing a cheaper alternative to payday lending who provide financing but for a cost that is sometimes two times the amount these apps charge; the apps are not solving all the issues with financial health but they are providing a valuable service that can better help people living paycheck to paycheck; the tools could have a negative effect too as people should be better preparing and organizing their financial lives instead of pulling money early from their paychecks. Source.
