Whether you are using payday advance apps or getting traditional payday loans for fast cash, heres what you need to know. Like most payday loans, payday or payday advance apps allow you to borrow with no credit checks. Cash advances apps such as Earnin, Dave, and Brigit Earnin Dave Brigit lets you borrow small amounts against your next paycheck before you get it. Show Source Texts
Fortunately, there are apps that allow you to borrow cash, making it easier for you to access emergency cash in a matter of minutes. Cash apps and payday loans are all financial resources at your disposal when you need to stay afloat. The good news is, there is a lot more that cash apps and payday loans provide compared to a straight-up direct deposit, and actually, some are similar to Chime in terms of features that they provide. Show Source Texts
There are some great cash advance and payday loans apps in the market that take Chime and are easy to link with Chime. Like payday lenders, cash advance apps do not report payments to major credit bureaus, so they cannot help or hurt your credit score. Regulators such as the Consumer Financial Protection Bureau do not classify cash advance apps as lenders, even though they are similar to payday loans. Generally, these payday loan apps charge no interest, though an advance could be considered lending. Show Source Texts
