Branch, the scheduling and pay management app for hourly workers, has added a new pay-on-demand service called Pay, which is now available to anyone who downloads the Branch app. It’s an attempt to provide a fee-based alternative to payday lending, where borrowers charge exorbitant rates to lenders on short term loans or cash advances. Borrowers […]
View More Targeting payday lenders, Branch adds pay on-demand features for hourly workersCategory: debt
Affirm’s latest partnership brings its alternative financing to Walmart’s U.S. stores and website
Financial technology company Affirm, which offers consumers an alternative to cash and credit when paying for large purchases, has scored a notable new partner: Walmart. The companies announced this morning that Affirm’s financing options would be made available in over 4,000 Walmart Supercenters across the U.S., and will roll out to Walmart.com in the weeks […]
View More Affirm’s latest partnership brings its alternative financing to Walmart’s U.S. stores and websiteBaseball prospect surprises parents for Christmas by paying off all their debt
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Brady Singer, a pitching prospect for the Kansas City Royals, has a promising future ahead of him, but he’s now making headlines for an entirely different, wonderful reason.
In a Christmas Day video posted on his Twitter account, Singer’s parents can be seen reading a letter from him and getting emotional for a very good reason: Singer has completely paid off his parents’ debt.
Today is very special to my heart. To give back to the two people who have given up everything to support my brother and I. I can’t thank them enough. Love you Mom and Dad pic.twitter.com/AFHi2Xma0c
— Brady Singer (@Bsinger51) December 25, 2018 Read more…
More about Debt, Kansas City Royals, Brady Singer, Culture, and Web Culture
Petal’s no-fee credit card for the credit score-less is now open to the public
Petal, the startup credit card company that’s offering a no-fee credit line to people without a credit history, is now publicly available. Launched earlier this year by co-founders Jason Gross, Andrew Endicott, Andrew Ehrich, and Jake Arenas, Petal has received a $34 million credit facility from Jeffries and Silicon Valley Bank to bring its consumer […]
View More Petal’s no-fee credit card for the credit score-less is now open to the publicPayday startups are increasing access to wages, but is “make any day payday” the right choice?
Kristen Berman Contributor Kristen Berman is a co-founder of Duke’s Common Cents Lab with Professor Dan Ariely. Common Cents is generously supported by MetLife Foundation. Kristen was on the founding team of Google’s behavioral economics team, and was previously the founder of Irrational Labs, a behavioral economics nonprofit focused on health and happiness. More posts […]
View More Payday startups are increasing access to wages, but is “make any day payday” the right choice?MoviePass introduces surge pricing for the summer
Starting in July, you might have to pay a little extra to see the newest blockbusters when using MoviePass . The movie subscription service has plans to instate surge pricing for non-annual subscribers starting at $2 for movies and times the app deems “very popular,” Business Insider reports. This comes one day after AMC announced its […]
View More MoviePass introduces surge pricing for the summerTesla uses auto leases to raise $546 million in asset backed securities
Tesla is using its car leases as collateral for a big $546 million loan as it turns to debt markets to raise additional cash to combat the blistering burn rate of its auto and energy business, according to multiple reports.
The bonds are pegged to leases of its Model S and X cars, and it marks the first time that Elon’s electric albatross has turned to asset backed securities for new… Read More
Apple offers more bonds to finance its $300 billion capital return program
Apple just started selling new bonds in order to finance a share buyback program and dividends for shareholders, as Bloomberg spotted in a filing. This is counterintuitive as Apple is sitting on a big pile of cash and probably doesn’t need to issue bonds. But most of the company’s cash is outside of the U.S. During Apple’s fourth-quarter earnings call, the company said that… Read More