FloatMe App Hyper Links Workers to Paycheck Quicker for Less. Economic emergencies can occur anytime.

FloatMe App Hyper Links Workers to Paycheck Quicker for Less. Economic emergencies can occur anytime.

Economic emergencies can occur anytime. If they do, a surprise cost that pops up in-between paychecks can trigger belated costs from perhaps maybe not having to pay bills on time, to mounting bank costs from over inadequate funds and overdraft charges, to exorbitant interest on pay day loans.

Founder Josh Sanchez experienced this as he had car that is unexpected as soon as 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 short-term. Their concept converted into FloatMe, a software that allows employees to have a “float” or advance that is short-term their next paycheck without spending hefty fees or interest.

As soon as Sanchez paid right right right back his pay day loan, he discovered the high prices for numerous coping with unforeseen costs. Continue reading “FloatMe App Hyper Links Workers to Paycheck Quicker for Less. Economic emergencies can occur anytime.”