salary advance

Warning that salary advance schemes are masking debt crisis

16th June 2023 Consumer Collections | #debt #salary advance

Manchester-based Money Wellness, an organisation offering free debt and wellbeing advice, is warning that the explosion in salary advance schemes, allowing employees to access their salaries before payday, is camouflaging a spiralling debt crisis. Salary advance schemes, also known as earned wage access, salary loans or payroll advances, are financial arrangements offered as an employee…

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salary advance

Warning that salary advance schemes are masking debt crisis

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