Before You Enter a Check Cashing Store


Subject:
Money , Consumer Research & Advocacy , Consumer Education , Checks

Description:
Brief advice suggesting that consumers not "rely on check cashing stores to cash their payroll, government, or personal checks. These corner stores charge customers very high fees." Instead, consumers "can avoid paying high fees by opening or using a basic checking or savings account at a bank, savings and loan, or credit union." Also provides tips on what to ask about fees and obtaining a receipt when using a check cashing store. From AARP.

Publisher:
AARP

Language:
English

Source:
http://www.aarp.org/money/credit_debt/a2002-10-04-CreditDebtFringeBanks.html


PID= res:lii-25549