Comments on: The check-cashing sub-culture http://7million7years.com/2008/06/15/the-check-cashing-sub-culture/ How to make 7 million in 7 years ... Mon, 15 Mar 2010 12:16:05 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Moneymonk http://7million7years.com/2008/06/15/the-check-cashing-sub-culture/comment-page-1/#comment-1329 Moneymonk Mon, 16 Jun 2008 21:01:56 +0000 http://7million7years.wordpress.com/?p=239#comment-1329 That video is so real The poor is the most valueable asset This economy thrives or fees and people willing to live above their means That video is so real

The poor is the most valueable asset

This economy thrives or fees and people willing to live above their means

]]> By: Di Eats the Elephant http://7million7years.com/2008/06/15/the-check-cashing-sub-culture/comment-page-1/#comment-1328 Di Eats the Elephant Mon, 16 Jun 2008 15:04:02 +0000 http://7million7years.wordpress.com/?p=239#comment-1328 I used to work a job eons ago where we traveled constantly, there was no interstate banking system, and you needed cash from your checks in whatever town you were in. THen there are those (believe it or not) to whom the banks will not give check cashing privileges. I've known someone with a well-paying job that lost his ability to have a checking account (despite being able to deposit payroll checks in it) because they kept overdrawing their banking account and had no good credit to fall back on. People who file bankruptcy could be in this boat as well. I'm always surprised when I see people paying by checks, still, tho. Cards are so much faster, and one can still write down what was paid out in a checkbook if needed - later, with the receipt, or even in the car after loading one's groceries. I used to work a job eons ago where we traveled constantly, there was no interstate banking system, and you needed cash from your checks in whatever town you were in. THen there are those (believe it or not) to whom the banks will not give check cashing privileges.

I’ve known someone with a well-paying job that lost his ability to have a checking account (despite being able to deposit payroll checks in it) because they kept overdrawing their banking account and had no good credit to fall back on. People who file bankruptcy could be in this boat as well.

I’m always surprised when I see people paying by checks, still, tho. Cards are so much faster, and one can still write down what was paid out in a checkbook if needed – later, with the receipt, or even in the car after loading one’s groceries.

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