Are Payday Loans are Better Options?
If you are in the routine of jogging out of funds and checks, a brand spanking new study suggests it might be better going to a payday lender.
The study Moebs $ervices, an economic research firm, found that consumers who bounce a check you get hit, on average, $ 28 insufficient funds fee from your bank. This is aggravated by an average of $ 30 fine assessed by lots of retailers. Some banks let you avoid the embarrassment of a bounced check, offering an overdraft facility, but the study found that costs an average of $ 34 per check.
The whole story on MSM Money.