Others are adding to their credit card debt or worse taking out payday loans
- The average U.S. household carries $8,398 in outstanding credit card debt.
- For employees who rely on payday loans to get by, the cost of such loan products come with an average annual percentage rate (APR) of 391%.
Our mission is to ensure all your employees have access to a financial safety net
HoneyBee loan example: a $500 loan with finance charge of $0, an interest rate of 0%, repaid in 4 bi-weekly installments of $125.00, would have an APR of 0%.