Nancy Sineath: Beware of loans for 'quick cash'

Being recently widowed, I have become yet another victim of the infamous check-cashing business. My vulnerability and lack of information on how these places really work have left me in near ruin.

Please allow me to pass along some very important advice: Do not ever think of putting yourself in this position. You will eventually regret it and the stakes are too high. Always try other methods first ”” family, friend, etc.

Let your creditors know from the very beginning your situation; almost all are willing to work with you in order to keep you from dealing with these so-called “Quick Cash ”” Quick Fix” schemes.

Read it all from yesterday’s local paper.

Posted in * Economics, Politics, Economy, Personal Finance