A question about a neighborhood on the edge. "A check cashing place just opened near my home in Atwater Village. Is this a sign we're degentrifying?? ...and how many times do i have to egg it to make it leave?"
Check-cashing joints get a bad rap. What exactly is their crime? Would we prefer a "legit" bank like US Bank, one that ties all sorts of strings to "free" checking, holds deposits up to 30 days and charges $45 for overdrafting?
When long-term banking fees exceed instant check-cashing fees, it's no wonder 20 percent of Americans decide to remain unbanked. I, for one, support them.
Don't worry, gentrifiers. There's still hope for The Home Depot.
Check cashing places always have huge, obnoxious ugly signs and banners...they seem to usually be an eyesore. Since this one opened up, I haven't looked directly at it. I was disappointed they didn't put something more interesting in that retail space.
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