They can borrow as much as $100 per pay duration, however some users could possibly borrow more. Like pay day loans, the app debits cash from the borrower’s checking account on payday.
“I started whenever I had been 17 with Activehours. It’s type of like a pay day loan. We make use of clock called Tsheets, and [the app] links to Tsheets so that it understands just how many hours we work,” says Yu. “It’s free, there aren’t any charges, but if you cash down it offers you an option to pay for guidelines, to ensure that’s how they generate cash.” Yu says he often will pay a tip, although not constantly.
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