How Earned Wage Access Provides Relief in the Era of High-Interest Loans
DailyPay
APRIL 1, 2024
Since July of 2023, interest rates have sat between 5.25% and 5.50% and that’s the highest they’ve been since 2001. As per the most recent CFPB data available, as many as 12 million Americans are estimated to take out a payday loan each year, spending $9 billion on loan fees.
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