Preying on Weakness

I saw this today in San Diego and it really made an impression on me. How convenient! You can cash your check, for a small fee of course, and then buy all your drug accessories in one place.

How nice.

How much money would someone actually leave with after patronizing this business? This is one of the saddest things I’ve seen in a while.

SMDH

Money Management in 1 Minute: Check Cashing Places are the Devil

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.