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Category Archives: Michigan Online Payday Loans

Fintech App Dave Fights Overdraft Costs and Payday Lenders

Fintech App Dave Fights Overdraft Costs and Payday Lenders

Dave, a new fintech software, could be the David to your big banking institutions’ Goliath, fighting exorbitant overdraft charges by warning individuals they’re about to blow their spending plans and also lending them $75 until their next paycheck.

With 4 away from 5 People in america residing paycheck to paycheck, the money advance through the Dave mascot, a bespectacled bear, assists you to buy a tank of gasoline or food until next payday, creator Jason Wilk told TriplePundit.

Choices like payday advances can drive individuals into further debt, as 3p has reported.

Wilk stated he desired to simply take in the $34 billion overdraft industry because “it appeared like the finance industry had the brand loyalty that is lowest of most” and ended up being ripe for interruption. Tackling overdraft fees had been “something that may re re solve customer that is true points,” he said.