Many banks now charge consumers higher monthly fees and higher fees for each check. As a result, many people cannot afford to open bank accounts, and turn to check cashing companies. Check cashers typically tack on large fees for the service of cashing checks. See if the check casher is licensed. Compare check cashing services to find the one with the lowest fees.
Some states have laws that regulate check cashers.
The con artist also may sell you the items needed to create the finished goods, but refuse to pay you, claiming that your finished work does not meet his standards. Just when you think an old scam has died, it pops up again. The Nigerian oil scam has been around for years, and lots of people have lost a lot of money. The crooks actually use your blank letterhead to complete documents to suck all the money out of your bank account. Pyramid Schemes Pyramid schemes are illegal in most states, plus there are federal laws that protect consumers.