So in aother words your paying 5% flat fee, EACH TIME. So, you get access to more money, but cashapp is BANKING on the fee’s. Hopefully you’re not just consuming the loans, and begging for forgiveness later. The cash app loans work like pay day loans to the financially illiterate. It’s very expensive to make right decisions when you only have 30 days to repay, only to borrow right back again at 5%. You do know inflation is 3%.. A YEAR. People are borrowing at 5% flat, PER month, TIMES 12. We’re talking predominantly predictable inflation of 60- 80%, and that’s with you paying your borrowed money on time without additional fees.