Apps offer lifeline for employees whom face difficulty between paychecks. Luis Vazquez along with his gf had been right down to their final $50 after she got unwell together with to miss work with four weeks.

Luis Vazquez and his gf had been down seriously to their final $50 after she got unwell and had to miss benefit per month.

He currently paid their lease and bills for the thirty days, but without her income the couple could not protect food as well as other essentials. Their paycheck that is next was than per week away.

Up against the same money crunch years back, Vazquez had resorted to an online payday loan, a high-interest, temporary loan designed to tide a borrower over before the paycheck that is next. (more…)

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