DIRECT ANSWER

Is the Kronos pay advance a loan?

Short answer: No — it is Earned Wage Access (EWA).

Last updated: 2026-04-26

Full answer

No. Kronos pay advances are Earned Wage Access (EWA): you advance your own already-earned wages, not third-party credit. EWA sits outside the Truth in Lending Act under the CFPB's 2020 advisory opinion. No APR, no late fees, no credit reporting.

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