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re: Why do poor people pay to have checks cashed?
Posted on 9/29/16 at 3:17 pm to BigEdLSU
Posted on 9/29/16 at 3:17 pm to BigEdLSU
quote:
It takes more than a mimimum deposit. It takes good credit.
I don't believe it is a credit thing, but I could be wrong. I believe they just check you in a system that looks for overdraft/charged-off bank accounts. Granted, that usually goes hand in hand with bad credit, but I don't believe they run a credit check on you at most institutions.
1
Posted on 9/29/16 at 3:19 pm to slackster
quote:
I don't believe it is a credit thing, but I could be wrong. I believe they just check you in a system that looks for overdraft/charged-off bank accounts
Yes, you just had to not be a frick up previously within the banking system. Nothing to do with credit necessarily, however I'm sure there is a correlation between the frick ups and poor credit
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