Short Term - Cash Advance
The "story" of a cash advance is often one of a bridge. For Leo, that bridge was expensive. The fee was $100 for a two-week term, a steep price for a few hundred dollars, but it was the price of staying in motion. Within twenty minutes, the "approved" notification flashed. The funds were in his account before the tow truck even arrived.
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The app he found was surprisingly sleek. He didn't need a mountain of paperwork; the lender used a digital system to assess his risk almost instantly. He requested $400—enough for the tire, a full tank of gas, and a decent dinner for his kid. The "story" of a cash advance is often one of a bridge