‘Financial wellbeing’ app targets low-wage workers with high-interest loans

Critics concerned as Wagestream offers loans of up to £25,000 to workers at Pizza Express, Asda and others‘The app’s like candy’: Wagestream borrowers’ concernsLow-wage workers are being offered a controversial new type of high-interest loan of up to £25,000 through the “financial wellbeing” app Wagestream, a specialist lender that has signed deals with some of the UK’s best-known employers including Asda and Pizza Express.The app is pitched as an employee benefit, and gives workers access to loans with a representative APR of between 13.9% and 19.9%, meaning at least 51% of borrowers will get that rate. Continue reading...

Comments

Business News

Low-deposit mortgage choice ‘hits 17-year high’

Evening Standard

Detained South Korean Workers Will Leave U.S. ‘Voluntarily’—Trump Says Foreign Investors Can “Legally Bring…Very Smart People’

about 3 hours ago

After 18 Years, ‘The Senior’ Football Movie Is Finally Hitting Theaters

Forbes

Comments

Similar News

How to support your child through university without risking your financial future

A second-time founder graduated from Y Combinator with a new AI financial services startup. Read her pitch deck.

Retailers set to warn of low spending in financial updates

My divorced friend is terrible with money. It's like watching a financial train wreck in slow motion &mdash;&nbsp;how do I help her?

Why France’s Financial Woes Are Pushing Its Government to the Brink

PROFESSOR GREEN wants to pass on his financial savvy to the young

NeueHouse abruptly shutters trendy L.A. co-working clubs, citing financial challenges

Financial Conduct Authority probes use of stock market roof

Lawmakers Used Non-Public Info For Financial Gain: Mike Levin Supports Congress Stock Trading Ban

Scotland bans arms companies that supply IDF from receiving financial aid

A financial meltdown in Africa will affect the world

The Guardian view on fiscal rules and financial myths: Britain must stop fearing imaginary bond vigilantes | Editorial

Football’s Financial Shame: The Story of the V11

Money can't buy you happiness, but it buys an 'inconvenience buffer,' says a financial educator

Europe's top central banker is the latest leading financial voice to issue a warning about Trump's battle with the Fed

How New Approach To NBA Salary Cap Could Change Financial Landscape

Financier Hands eyes stay at Hotel du Vin and Malmaison hotels

Britons alerted to financial scam that has targeted thousands

Two thirds of pharmacies ‘could close next year’ as financial pressures leave many on the brink

Thousands targeted by fraudsters impersonating financial regulator

Business News

Low-deposit mortgage choice ‘hits 17-year high’

Food flavourings firm Treatt set for £156.6m takeover by rival Natara

Insurer Phoenix changing name to Standard Life next year

Guyana's president sworn in for a second term as oil wealth transforms the nation

South Koreans feel betrayed over detainment of hundreds of workers at plant raid in Georgia

Mexico says it's cracking down on fuel theft and critics say it underscores the depth of the problem

Explosive testimony identifies legislators, officials in Philippine flood-control corruption inquiry

Tottenham says club is 'not for sale' after rejecting 2 expressions of interest

Indonesian leader fires the ministers of finance and security after deadly protests across the country

The leadership race for Japan's governing LDP party explained

A rebel-held Congolese city uses damaged banknotes due to a cash shortage

California FAIR Plan continues denying smoke damage claims despite court loss and regulatory action

Before logo fiasco, Cracker Barrel had quietly started serving day-old biscuits, microwaved meatloaf: employees

Homebuyer shortage forces many sellers to lower prices, walk away as slump drags on

Low-deposit mortgage choice ‘hits 17-year high’

Highest student loan balance nears £300,000 as millions owe over £50,000

Detained South Korean Workers Will Leave U.S. ‘Voluntarily’—Trump Says Foreign Investors Can “Legally Bring…Very Smart People’

After 18 Years, ‘The Senior’ Football Movie Is Finally Hitting Theaters

Add These Players From The Week 2 Waiver Wire (Fantasy Football)

Norway votes in a closely fought election with the future of a wealth tax in focus

How to support your child through university without risking your financial future

India-Pakistan Is Cricket’s Hottest Ticket As Demand Heightens At Asia Cup

Career Grand Slam On Carlos Alcaraz’s Mind After U.S. Open Triumph

Utah Enacts Law To Regulate Use Of AI For Mental Health That Has Helpful Judiciousness

The smart business guide

The Ultimate Dubai And Abu Dhabi Itinerary

San Diego Wave FC Retires Alex Morgan’s Iconic Jersey Number

The most powerful Porsche 911 EVER! New Turbo S arrives with 700hp - here's how much it costs

Opinion: Norwegian election to be better than a Hitchcock thriller

The best and worst looks at the 2025 MTV VMAs

Why Paul Graham advises against founding a startup in high school

FTSE 100 Live 08 September: Index set for a robust start, oil prices rise

London needs the old-school might of Lloyd’s more than ever

South Korea will bring home 300 workers detained in massive Hyundai plant raid in Georgia

Asian shares rise after Japan's prime minister resigns

Japan's economy grew at faster rate in fiscal Q1 than initially thought

China's export growth slows in August as US tariffs and trade tensions bite

Max Scherzer Acknowledges Pitch Tipping In Intriguing Blue Jays-Yankees Plot Twist

‘SNL50’ Leads Night 2 Of Creative Arts Emmys; ‘The Traitors’ And ‘Pee-Wee As Himself’ Standouts

Economic crisis in France goes beyond its overspending problem

Beware these savings blunders that could cost you dear

Has AI worked out my inheritance tax correctly? STEVE WEBB replies

Putin's energy fix for drone-hit Russia: Dig up more coal

Blackpink's Rosé just notched an unprecedented win for K-pop at the VMAs

Lisa’s ‘Born Again’ With Doja Cat And RAYE Wins MTV VMA For Best K-Pop

Sabrina Carpenter Delivers Rain-Soaked Performance Of ‘Tears’ At MTV VMAs

Photos: Biggest Celebrities At 2025 U.S. Open Men’s And Women’s Finals

Shoppers love 'painless and best' hair removal gadget so much it keeps selling out

Ukraine's new interceptor drones destroyed 150 of Russia's long-range UAVs in a single night, Zelenskyy says

Meta's marketing chief says early-stage startups shouldn't create one kind of team &mdash; the CEO needs to take charge

Spurs 'not for sale' as owner rejects approaches

India’s Investors, Defying Tariffs, Keep Pouring Money Into Stocks

Taylor Swift Skips 2025 VMAs, Stays Tied For Record Wins

Why The Green Bay Packers Look Like The Team To Beat in The NFC North

Lady Gaga Dedicates MTV VMAs Artist Of The Year Win To Fiancé And Fans

MTV VMAs 2025: Megan Moroney Wins New ‘Best Country’ Award

Alcaraz Trumps Sinner To Claim U.S. Open Title

My divorced friend is terrible with money. It's like watching a financial train wreck in slow motion — how do I help her?

Meta's marketing chief says early-stage startups shouldn't create one kind of team — the CEO needs to take charge