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

It started with only one bad check, a few bucks short for a lease payment. However the $35 overdraft fee, plus another $50 belated charge towards the leasing business, sent Betty White down a deep economic opening. Another check bounced, then another, then another. Because of enough time it absolutely was all over, White owed $600 in fees and unpaid bills.

“It was like a snowball effect,” said White, 34, who earns between $25,000 and $31,000 per year being an assistant that is administrative a Washington, D.C. Continue reading