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What sort of Silicon Valley startup is wanting to rebrand loans that are payday

What sort of Silicon Valley startup is wanting to rebrand loans that are payday

Earnin bills it self as method to have compensated before payday. Experts call it a cash advance. Earnin

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When every weeks that are few Myra Haq withdraws $100 approximately from Earnin, an application that lets people borrow tiny sums of cash. “I started making use of Earnin once I had been a wage that is minimum so I could pay money for things like the bus to function and food,” Haq stated. Now she currently works as a nanny, handles a children’s clothing company’s social media accounts, and sells clothing online — she still occasionally finds herself needing extra cash for doctor appointments or other unplanned expenses, and that’s where Earnin comes in that she’s no longer an intern making minimum wage.