Rapper Nas & the No-Good-Very-Bad Payday Loan Investment

Rapper Nas & the No-Good-Very-Bad Payday Loan Investment

Famed rapper Nasir Jones (“Nas”) produced choice that is poor supporting a revolutionary brand new monetary solutions item that provides “earned wage access” to employees.

a selection of earned wage access organizations have actually popped up in the past few years, but just one of these includes a model that is even worse compared to the loans that are payday’s made to change.

Unfortunately, Nas made a decision to help this one startup, called Earnin. Let’s perhaps perhaps perhaps maybe not hold it against him, however, because their heart is within the right spot. He simply didn’t do sufficient research.

Just How Those Icky Payday Advances Began

Earned wage access lets employees spend the wages they usually have attained in a offered pay period before payday comes. Since many workers are stuck into the two-week pay cycle, they usually are looking for several of that cash they usually have gained just to pay the bills when you look at the interim.