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  1. MyWage
  2. Frequently Asked Questions
  3. Information on the service “salary advance”

Information on the service “salary advance”

  • For what purposes can the salary advance be used?
  • Is the salary advance offered by MyWage a loan?
  • What is the difference between the salary advance offered by MyWage and a loan?
  • Will my employer be notified if I apply for a MyWage salary advance?
  • Do I need to worry if my employer goes out of business?
  • Will the SCHUFA be informed about the use of MyWage?
  • Does using MyWage affect my taxes or social security contributions?
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