It seems that I can’t watch t.v., drive down the street, or kick it at the burger spot without seeing an ad for someone’s check cashing services or pay day loan or some such craziness. I have read the research, but I still don’t understand why so many people don’t have checking accounts at credit unions.
Let me put it this way, paying even $10 to cash your check every two weeks equals $240 a year! Pay day loans? These are the worst of the worst. Getting a pay day loan usually starts a cycle that will be hard to get out of. Please, please, please don’t use check cashing companies; open an account at a credit union.