A Safer Alternative to Predatory Loans
The Payday Loan Problem
Feb 1, 2025
The Payday Loan Problem
Each year, millions turn to payday loans for quick cash — but the cost is staggering. With APR rates exceeding 300%, these loans trap vulnerable households in debt cycles, costing billions annually in fees and interest.
How SplitPay Is Different
SplitPay flips the model on its head:
Flat Monthly Subscription Fee ($15–$20), predictable and affordable.
No Interest, No Penalties, No Collections — ever.
Responsible Access: Capped at $500 to ensure compliance and prevent overextension.
Data-Driven Eligibility: Verified via Plaid, payroll connections, and behavior.
Empowering, Not Exploiting
Where payday lenders profit from keeping people trapped, SplitPay empowers users to break free. Our model prioritizes financial wellness over profit, helping households cover essential expenses safely without predatory traps.
Align your Paycheck & Bills with Hometab
Sync Your Bills & Paycheck While Boosting Your Credit
Hometab is a subscription-based platform that helps Americans manage essential expenses by providing safe access to funds, aligning bills with paychecks, and offering optional credit-building tools — all without loans, interest, or hidden fees.
Always Know What You Can Spend with Drip®
Your Daily Spending Number, Powered by AI
Drip is a subscription-based app that takes the guesswork out of money. It connects to your bank, tracks your bills and income, and uses AI to give you one simple number each day — exactly what’s safe to spend. No budgets, no stress, just clarity.
Align your Paycheck & Bills with Hometab
Sync Your Bills & Paycheck While Boosting Your Credit
Hometab is a subscription-based platform that helps Americans manage essential expenses by providing safe access to funds, aligning bills with paychecks, and offering optional credit-building tools — all without loans, interest, or hidden fees.