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The apps extend small short-term loans to workers in between paychecks so they can pay bills and meet everyday needs. On payday, the user repays the money out of their wages.
“Make it a habit to review your pay stub at least once a month. It’s a good idea to check the spelling and accuracy of your name, address and Social Security number,” said Fox.
A salary statement, commonly called a payslip, pay stub, paystub, pay advice, or sometimes paycheck stub or wage slip, is a document received by an employee that either includes a notice that the direct deposit transaction has gone through or that is attached to the paycheck.
Your paycheck stub serves as proof of income and government agencies, lenders and landlords often request them to verify your earnings.
EarnIn is a financial services company that provides earned wage access services. [1] Founded as Activehours in 2013, the app launched in May 2014. [2] [3] The company's business model, which is based on users paying voluntary "tips" to withdraw earned wages ahead of time, has been compared to payday lending services. [4]
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This page provides a general guide for dealing with stubs: the first section, Basic information, contains information that is recommended for most users; and the second section, Creating stub types, contains more specialized material.
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