There are over 60 million working families who do not have $400 in savings. They are underbanked, and overcharged. Overdraft fees. Late fees. Phone reconnect fees. Payday loans. Title loans. It goes on and on, it is harsh, it takes a big chunk out of take-home pay. PayActiv eliminates this FinTax on working people.
Watch how financial wellness benefits improve financial health of employees and businesses. PayActiv's turnkey solution works with existing HR and payroll systems, has no cost to the business, adds zero-debt to employees, and is the most impactful financial wellness service in the industry.
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With no interest rate limits and direct access to the borrower’s bank account for extracting payments (whether the borrower can afford their groceries or not), unaffordable payday installment loans trap borrowers in long-term debt with the same harmful consequences as traditional payday lending.
PayActiv is the only real alternative to these predatory practices! Employers can play a crucial role in protecting their employees.