4 ms·
The real problem with check-cashing places are payday loans. Low-cost checking accounts from Walmart won't stop those.
by nofinator 12y ago
The real problem with check-cashing places are payday loans. Low-cost checking accounts from Walmart won't stop those.
- bilbo0s 12y agoI don't know. It seems to me that a good entrepreneur would see the proverbial "writing on the wall" here. If I were a proprietor of a check cashing establishment... I would think that now might be a good time to cash out... before the writing gets any more clear. Alternatively, it might be good to seek out a service that you can offer that would be a complement to what you expect the Walmart service to evolve into. I don't know what that complement would look like... but I do sense that it is likely pretty profitable. In any case, the WORST thing they could do is sit still and assume business as usual. I mean, there is clearly a train coming... it's time to get out of the way.