Ever wonder why you need to wait fourteen days to obtain your paycheck?
In the end, you get paid today if you already completed the work, shouldnвЂ™t?
Any day can be a payday if activehours has its way.
The Palo Alto, California-based monetary start-up wants to disrupt the payroll that is traditional and change the way in which workers receive money. Rather than await bi-weekly pay durations, employees could have instant use of their paycheck on the basis of the hours currently made.
Established in 2012, Activehours assists its users avoid costly overdraft fees and high interest payday loans. Payday loan providers make short-term loans with steep interest levels to borrowers who require a cash connection until their next payday. The lending that is payday is commonly criticized because of the customer Financial Protection Bureau and Sen. Elizabeth Warren (D-MA) to take advantageous asset of cash-strapped clients and lending at usurious rates of interest.
Discussion With Top Advisor Gerry Klingman
As opposed to compete directly with payday lenders, Activehours is seeking to eradicate them.Read More »Never Ever Wait A Couple Of Weeks For Your Paycheck Once More