Check 'n Go: You're Covered, No Matter What
Cincinnati, OH (PRWEB) March 4, 2010
Check 'n Go, a leading online payday loan lender, released a new video, "Check 'n Go: You're Covered, No Matter What," to educate consumers on the risks of overdrawing a bank account by writing a bad check. In January, the video was posted on YouTube, Facebook, MySpace, Twitter and the Check 'n Go website.
A return check fee from a bank can be as much as $29 when a person writes a check for an amount totaling more than what is currently in his or her checking account. Then, he or she potentially faces another fee from the vendor who tried to cash the check, adding another $29.
Another risk of writing a bad check is being blacklisted as an irresponsible check writer. Some merchants will report consumers to a Do Not Accept list if you write them one bad check.
"This video showcases how payday loans are a viable alternative financial resource, and will save a person money if they are going to face numerous fees from bouncing a check," said Michael Cammon, Vice President of e-Business for Check 'n Go Financial.
Check 'n Go offers online payday loans for a predictable fee, which is a good alternative to accumulating numerous fees for writing one bad check. As is said in the video, "It's about knowing all the fees and risks and making the best financial decision you can."
Payday loans are small, unsecured, short-term loans, usually due on the borrower's next payday. Research shows payday loan customers to be middle-income, educated, working families. More than half of the families earn between $25,000 and $50,000 annually. Fifty-eight percent have attended college, and one in five have a bachelor's degree.
About Check 'n Go
For more than 15 years, Check 'n Go has been a leading provider of convenient consumer financial products. Headquartered in Cincinnati, Ohio, Check 'n Go provides products and services that preserve consumer choice and increase access to credit for millions of American families. As a founding member of the Community Financial Services Association of America (CFSA), Check 'n Go is a leading advocate of CFSA's Best Practices promoting responsible lending and consumer protection. Check 'n Go operates more than 1,000 locations in 31 states and online at http://www.checkngo.com.