A majority of Americans are currently living paycheck to paycheck. This stark reality became even more evident following the recent federal government shutdown. The issue becomes bigger, as many people rely on check cashers and pay day lenders. In the newest episode of Delivering The Memo, I talk about how customers can fall into debt so quickly.
The check cashing industry came from an honorable place, when grocery store owners cashed a convenience check for families in their neighborhood. That’s until it turned into a thriving business. In fact, the pay day loan industry generates $9 BILLION dollars in fees every year.
This episode is to educate you on how the industry works and how to get out of this seemingly never-ending cycle. My team at Operation HOPE is ready to help you build a strong financial future. Click HERE to find a HOPE Inside location closest to you.
Click on the image below to watch the episode. Also, be sure to like, share and follow the Delivering The Memo page, so you don’t miss future episodes.