The Float Credit App Gives Small, Personalized Lines of Credit

By: Joey Haar - Feb 10, 2017
References: hellofloat & mashable
Securing small loans can be tricky without a traditional credit card, but many young people aren't willing to take on the risk that comes with such a financial decision — for those people, the Float credit app is a happy medium. The app allows users to take out small lines of credit without it affecting their credit score, meaning that anyone can take out a loan through the Float credit app, regardless of their credit experience or score.

While Float charges no interest on its loans, each transfer conducted accrues a five percent transfer fee. As such, the most economically sensible way to use the app is for large, unexpected purchases: think buying a plane ticket or a new smartphone.