Sometimes youre a bit short on cash and your payday is a few too many days away.
What financial tool could help you out in such a situation?
The Earnin app might be the solution to help you stay on track with your finances.
Earnin
What Is the Earnin App?
Weve seen these types of services before in the form ofterrible payday loans.
Keep on reading as we explore just exactly how the Earnin app operates.
How Does the Earnin App Work?
No Interest Til Almost 2027?
How Do You Qualify for the Earnin App?
Dont worry, Earnin isnt looking for your credit score, unlike a personal loan or payday loans might.
In fact, Earnin plays the financial game a bit differently in a few ways.
But, how does Earnin know that you are working?
When you join Earnin, youll need to connect the service to your checking account.
Youll need to ensure that over 50% of your direct deposit is sent to a checking account.
Did you know?
How Much Does the Earnin App Cost?
Thats quite a payday loan alternative with a reputation!
But, if you want to tip nothing, you are free to do so.
But, speaking about your Max…
How Much Can I Borrow From the Earnin App?
The Earnin app has two maximums that you should keep in mind.
The first Max is your Daily Max, which is the same for all members $100.
Members cannot request to borrow more than $100 per day from Earnin.
Based on multiple factors, your Pay Period Max can range anywhere from $50 to $750.
How Long Does It Take to Get Money From Earnin?
Although, we also have a roundup of personal loans that you may want to consider if appropriate.
No, Earnin does not contact your employer in any way.
Earnin is not associated with your employer and does not work with it.
You are free to use the Earnin app without your employer being notified.
No, Earnin does not affect your credit score in any way, unlike a traditional payday loan.
Additionally, Earnin does not utilize your credit score information in its eligibility decision.
The Earnin app offers a feature known as Balance Shield.
Michael Archambault is a senior writer for The Penny Hoarder specializing in technology.
