Square’s Cash App tests new feature allowing users to borrow up to $200

techcrunch.com

5 pointslladnar3 comments

If you ever wanted to read reviews of people thinking they're affected by money lending apps, go onto google play and see how people rate something like "Dave."

https://play.google.com/store/apps/details?id=com.dave&hl=en...

It's an interesting window.

Mildly OT:

> The advance was great at first. Then I started noticing " Your info was found on the black web" on my credit report!?? Turns out in the almost year I had been using Dave they'd been hacked like 10 times! Never said anything. A heads up would've been nice Dave! Hey btw might want to change your passwords, check your credit report, etc. We may have been hacked once or ten times or so!? Big fail Dave, big fail! DO NOT RECOMMEND

I'll always find high-interest lending to be morally questionable. This is coming in the wake of the repeal of the 36% rate cap.[1] How predatory.

[1]https://www.nclc.org/media-center/fdic-to-repeal-36-rate-cap...

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