We received a couple checks last week in the mail. Take a look at them below.
This first one is from Wescom Credit Union. The letter that came with the checks says:
Make your Summer Dreams come true! Simply endorse this check and deposit it in your account. There’s no waiting period. Or, you can also call us at 1-888-NOT-DUMB to accept this pre-approved offer.
Go ahead, make this summer a memorable one. Use your $5,000 for travel, remodeling, graduation or wedding gifts, or any way you’d like, other than paying a Wescom loan or credit card.
This is not a checks, this is a ticket to the land of debt! This company tempted my fiancee with a $5,000 checks that she can just cash in and automatically taken a loan out. I bet there are some people that would cash the checks without knowing what it truly entails.
Here’s another one from Citibank that was sent to me with my credit card bill.
CASH WHEN YOU NEED IT – It’s easier than ever to get cash, up to your available Cash Advance Limit. Tear off the attached check, deposit it into your bank account, or use it like any personal check. Convenience checks access the cash advance portion of your credit line. Refer to your Card Agreement for specific finance charges.
I looked everywhere. Buried under the fine print of the terms and conditions were – Cash advance APR: 23.24% variable. No thanks!
Look, be smart, read the fine print and risk the temptation. Say no!
Promote or Save This Article
If you like this article, please consider bookmarking or helping us promote it!
Print Post | Email Post | Del.icio.us | Stumble it! | Reddit |
Related Posts
- Balancing a Checkbook
- Money Mailbox Friday – Never Wait For a Check Again
- What Happened to Your First Stimulus Check
- Bank Lets You Deposit Checks Right on the iPhone
- Trash Frugal Living by Buying in Bulk
Subscribe! (and Get a Mini-Course with Free Registration)
Follow me on twitter! In addition, subscribe to grab free amazing content or take advantage of the newsletter to have content delivered to you. For starters, a 7-part mini course to help you spend less and be happy will be delivered to you when you subscribe!(Don't worry about spam, because we hate it as much as you do!)
{ 3 comments… read them below or add one }
I also hate when some service providers send you a check for $8.00 or some cheap amount. If you read the fine print, it says “By cashing this check, you agree to activate a service of -blah blah-”
J2R: It happens far too often in the USA. I don’t really get those in Canada or in Hong Kong. I wonder if there is a reason why this happens more here.
reminds of a bank that advertised
“We’ll lend you enough money to get out of debt!”.