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What is a paycheck advance app?

A paycheck advance app allows you to use your smartphone to borrow money in between paychecks. Instead of running a credit check, the app will review your bank account to determine your eligibility. Namely, it’ll look at the amount and frequency of your direct deposits. It may also consider your spending habits.

What is a payday advance app?

The idea behind payday advance apps is that they advance your paycheck, or part of your paycheck, usually for a low fee. That's what some of them do, but they're all different, and some may be less appealing as you comparison shop and weigh their differences.

What is a cash advance app?

It’s a paycheck advance, or cash advance to help cover you until your next payday. In other words, it’s a way to get paid a little early for the work you’ve already performed, usually without a credit check. Cash advance apps pay you for some of the work you’ve already done this week, even if your paycheck is still several days away.

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