Even app personal loan review

Written by: Jamie Johnson
• Updated •1 min read
This date may not reflect recent changes in individual terms.
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In a Nutshell

The Even app offers instant access to your paycheck, along with budgeting tools to help you manage your money better. But your employer must sign up as a partner for you to use the app.
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What you need to know about the Even app

Even was founded in 2014 as a cash advance app that allows employees to access up to 50% of their earned wages early.

Who is the Even app good for?

The Even app is a good option for eligible employees who want the option to access part of their paycheck early in a pinch. Using the app may be a good alternative to getting payday loans. And the app is good for anyone who doesn’t currently have a bank account, since you can receive the cash at any U.S. Walmart MoneyCenter.

The app is also helpful for anyone looking for ways to improve their money management skills and financial situation.

*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.

About the author: Jamie Johnson is a Kansas City-based freelance writer who specializes in finance and business. She covers a variety of personal finance topics, including building credit, credit cards, personal loans and student loans… Read more.