Economic emergencies can occur anytime. Once they do, a shock cost that pops up in-between paychecks can trigger belated costs from maybe perhaps perhaps not having to pay bills on time, to bank that is mounting from over inadequate funds and overdraft charges, to exorbitant interest on payday advances.
Founder Josh Sanchez experienced this as he had car that is unexpected when and had been short that week. After getting a quick payday loan for $200 that turned into a $250 payback balance after only fourteen days, Sanchez began thinking about more affordable choices to access cash term that is short. Their idea converted into FloatMe, an software that permits employees to have a “float” or short-term advance on their next paycheck without having to pay hefty charges or interest. Read More