Payday lenders prey on low-wage workers who live paycheck to paycheck, charging exorbitant rates for financial quick-fixes.

Although that perception is prevalent among many employers, it's far from the complete picture. No one is immune from financial stress that can create problems for businesses and employees alike.

"We encounter financial distress at all levels of pay grade, with larger debt problems typically with manager-level, six-figure-salary employees," says Adam Potter, president of SimpleFi in Palo Alto, California. His company offers alternative solutions to payday loans.

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