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Started By
Message
re: Why do poor people pay to have checks cashed?
Posted on 9/29/16 at 3:00 pm to colorchangintiger
Posted on 9/29/16 at 3:00 pm to colorchangintiger
It takes more than a mimimum deposit. It takes good credit.
3
Posted on 9/29/16 at 3:02 pm to BigEdLSU
quote:
It takes good credit.
not necessarily credit. most banks use chex systems as a reporting agency. that means if you overdraft an account and the bank charges it off the rest of them know about it.
Posted on 9/29/16 at 3:16 pm to BigEdLSU
quote:
It takes more than a minimum deposit. It takes good credit.
No it does not. You can open a bank acct with NO CREDIT, therefore it cannot possibly take GOOD CREDIT.
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.
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