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Per the article: "Should they not get paid by the client we don’t go after that money." If the company goes under while you are waiting to be paid, you end up
by AJ007 8y ago
Per the article: "Should they not get paid by the client we don’t go after that money."
If the company goes under while you are waiting to be paid, you end up with $0. Someone else is borrowing money, paying you in advance, and eating shit if they collect nothing from it. Not even close to payday lending in analogy..
- munk-a 8y agoYea, that was the value add I saw in the article. I wonder if they could provide that service more modestly and apart from the timing as a pure insurance. You agree to take a fee on your check in exchange for being paid the amount owed when the employer cuts the check or when your contract dictates you'd be paid by, ignoring bad actors, mistakes, slow processing or bankruptcy. This is also a portion of our legal system that may just need more transparency and government assurances.