Skipping Banking institutions: the newest realm of Prepaid Cards for Victims of tall charges

Skipping Banking institutions: the newest realm of Prepaid Cards for Victims of tall charges

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It started with only one bad check, a few bucks short on a lease re payment. However the $35 overdraft fee, plus another $50 belated charge towards the leasing business, delivered Betty White down a deep hole that is financial. Another check bounced, then another, then another. By the full time it absolutely was all over, White owed $600 in charges and unpaid bills.

“It was like a snowball effect,” said White, 34, whom earns between $25,000 and $31,000 per year as an assistant that is administrative a Washington, D.C. nonprofit. “Everything had been late, the lease ended up being later, the vehicle note had been tossed down, insurance coverage and every thing. Continue reading “Skipping Banking institutions: the newest realm of Prepaid Cards for Victims of tall charges”

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