21 Apps Like Earnin (Payday Apps That Make Life Easier)
Reduced work hours and rampant unemployment has made payday apps like Earnin a go-to for many Americans.
Despite the stigma, there is no shame in needing help in between paydays. Bills stack up, emergencies happen, and sometimes life comes at you fast. In 2016, the Consumer Financial Protection Bureau found that more than 40% of U.S. adults struggled to make ends meet. Considering what the living wage is, in comparison to minimum wage, across the United States — it should come as no surprise that people are struggling in an era where jobless claims are up and entire industries have been shuttered by COVID-19.
We can help you map out a route the get yourself out of debt, but in the meantime here are twenty-one apps like Earnin that can help you make ends meet between paydays.
See the full list from YourMoneyGeek.
Helpful Hint: Payday apps aren’t always loans, sometimes they’re paycheck advances. If you take out an advance of $100 through the app, when your paycheck hits the $100 is transferred directly from the deposit in your checking account. Payday advances are a lot friendlier than regular payday loans because there are no hidden interest fees associated. This is also a great way to avoid more debt.
SoLo Funds
SoLo Funds is an outlier compared to the other programs on this list, as it is a peer-to-peer lender and self-proclaimed “Community Bank”. The nice part is that SoLo has no hidden fees, funds can be transferred immediately, and you can qualify for up to $1000 soon after registering.
Maximum Loan: $1000.
Turnaround: Varies.
Interest Fees: None.
Costs: None.