 TITLE: What Is an Early Payday App? CONTENT: The Pros and Cons of Using Early Payday Apps\n--------------------------------------------\nWhile early payday apps can be a good alternative to payday loans, they're not free of risk. Consider the upsides and downsides before using one of these services.\n### Pros\n*   **Easy access to emergency funds**: You can often get money into your account within a few days. Sometimes, on the same day.\n*   **Few or no fees**: Unlike other short-term loans, early payday apps can carry few added charges.\n*   **No credit check**: Enrollment and access isn't based on your credit and won't hurt your credit.\n### Cons\n*   **Not a long-term solution**: The money can help with a one-off emergency, but you'll need to repay the money quickly, and the fees can add up. While $3 or $5 to get $100 might seem reasonable, look at it this way: Paying $5 in interest on a 14-day, $100 loan equals about 130% APR.\n*   **Limited funding**: Most options will give you around $100 to $250 unless the advance is based on your income (even then, there may be limits). You may need to tap your savings or take out an emergency loan for larger surprise expenses.\n*   **Look for reviews**: These types of services are relatively new, and you should look for reviews before signing up. Also, look out for high-cost lenders that market themselves as payday loan alternatives. END