Who is Melissa and how did she spark Random Acts of Relief?
Random Acts of Relief has just launched. It's all about getting gifts of $250 to those of you who need it right now, by crowdsourcing money from those who can afford to give.
You know the feeling. You’re all set to make it to payday. And then something unexpected happens.
A pipe bursts. Your car breaks down. You… somehow manage to spend $120 on takeout…
(If you are in a tight spot right now, we’ll just mention that Cleo can potentially spot you up to $100. No credit checks. No interest. Eligibility requirements apply though.)
It’s tough making it to the next paycheck at the moment. If you’re struggling with the whole money thing, you’re not alone. A record-breaking 64% of Americans are also living paycheck to paycheck.
When you’re in a tight spot with money, you’re even more vulnerable to sneaky overdraft fees and predatory payday loans. (Some are really out here charging 600% interest) 💀
If you do need a little help tiding you over until the end of the month, an interest-free cash advance can be a safer alternative. Enter: Earnin. And other cash advance apps (hint: Cleo) 🙃
So, how exactly does Earnin work?
Earnin is a money app with a cash advance feature. A cash advance is calculated against your credit card limit or income.
You can initially get $100 from Earnin, and this goes up to $500 over time.
You then repay this on your next payday.
Here’s the part that’s unique to Earnin: the app has a unique money lending system. It tracks the number of hours you have worked and allows you to access money according to your earnings.
To access the money, you connect your bank account, then you have to verify your employment info.
Earnin states that there are three possible ways to do this:
- An electronic or printed timesheet
- Your employer-provided work email address
- Automatically via the Automagic Earnings (GPS) feature if you work from a fixed work location
If you’re approved:
⏱️ The money takes 1-2 business days to arrive
💲 Earnin uses a voluntary tip model, so no fees
What to do if you’re a gig worker, or don’t qualify?
If you don't fit Earnin's employment requirements, don’t sweat. There are tons of options that don’t require you to verify your employment status. Since you’re literally on the Cleo blog right now, we’re gonna start with ✨Cleo✨
If you’re in need of a quick spot, Cleo can potentially offer you up to $100,** with:
- No credit checks
- No interest
- No need to verify your employment status, or earn a certain income level
You just connect your bank account and our fancy algorithm calculates your eligibility.
And because Cleo is the cash advance app that actually cares, you get access to a whole load of other cool features.
Stuff like:
💙 Cash back on your favorite stores
💙 Notifications when you’re about to overdraft (because we hate overdraft fees with the fire of a thousand suns)
💙 Roundup and autosave, to build your savings while you spend
💙 A budgeting tool that creates a personalized budget, specific to you
💙 Roast mode, to hold you accountable for your unhinged late night Amazon binges, and show you exactly how much you spent on Uber last month
Enjoy this post? Give it a share or send it along to a friend. You never know, it could make a big difference.
Big love. Cleo 💙
**Eligibility requirements apply.
