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Some Workers Are Turning To Pay-Advance Apps for Basic Expenses
Monday October 6, 2025. 10:51 PM , from Slashdot
![]() An analysis of anonymous data found worrisome behavior among users of the apps, including quick increases in the number of advances, advances from multiple apps at the same time and more frequent bank overdraft fees. 'These findings reveal persistent patterns of financial strain that raise serious concerns about the long-term effects of these loans,' said the report from the Center for Responsible Lending, a nonprofit consumer advocacy group. The group analyzed data from SaverLife, a nonprofit that promotes saving and sound financial practices among people with low or moderate incomes. The analysis found that heavy users of the apps paid $421, on average, in total loan and overdraft fees over a year, or almost triple the average paid by moderate users. Read more of this story at Slashdot.
https://news.slashdot.org/story/25/10/06/1938255/some-workers-are-turning-to-pay-advance-apps-for-ba...
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