In a Nutshell
Cash advance apps like Brigit can spot you small amounts of cash in between paychecks. And some even offer extra features like budgeting and savings tools or overdraft protection. But they could come with membership fees or other costs.The Brigit app is a cash advance app that provides cash advances between paychecks with no interest fees or credit checks. And Brigit offers the ability to help build up your credit.
But Brigit isn’t the only app that can help you get an advance on your paycheck or access to cash. But before choosing another app, it’s a good idea to compare their features to make sure you’re selecting the best app for your financial situation.
What to watch out for with apps like Brigit
Apps like Brigit might be able to help you make ends meet until your next payday. And unlike payday loans which come with high costs, a cash advance app could be an appealing alternative.
But even though you may be able to get access to small amounts of cash between paychecks, you could be stuck paying a monthly membership fee, depending on the app.
If you find yourself needing to borrow money frequently, it might be a good idea to take a look at your monthly budget.
*Approval Odds are not a guarantee of approval. Credit Karma determines Approval Odds by comparing your credit profile to other Credit Karma members who were approved for the personal loan, or whether you meet certain criteria determined by the lender. Of course, there’s no such thing as a sure thing, but knowing your Approval Odds may help you narrow down your choices. For example, you may not be approved because you don’t meet the lender’s “ability to pay standard” after they verify your income and employment; or, you already have the maximum number of accounts with that specific lender.