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fees5 min read

10 million Americans are using advance loan apps to get their paychecks in advance—and it’s costing them hundreds of dollars more, report finds

More than 95% of payday loans through direct-to-consumer apps included fees or voluntary “tips,” and these extra charges are piling up.

By Sasha RogelbergFortune AI
10 million Americans are using advance loan apps to get their paychecks in advance—and it’s costing them hundreds of dollars more, report finds

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Originally published by Fortune AI on Oct 18, 2026.

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