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  • December 2, 2020
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money App could possibly offer a inexpensive and Humane Alternative to Expensive Payday Lending

money App could possibly offer a inexpensive and Humane Alternative to Expensive Payday Lending Square’s money App evidently is testing a brand new financing item that will allow users to borrow between $20 and $200 bucks at a 5% fixed fee for one month plus 1.25per cent in non-compounding interest for every single extra week borrowers stretch their loans. The fixed charge averages 60% at a yearly price (APR), which can be much lower than “payday” loan storefronts cost. By cross selling and leveraging its low fixed costs, Cash App can provide pay day loans at reduced prices possibly preventing...
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