Client Review on UnBank Check CashingLoans- Anoka

Feedback:

A cancer to a community. (After a call from the owner of UnBank, I will further clarify my review:1. This company is a check cashing, payday loan, bill pay and other high cost financial transaction business. They provide payday loans for up to 14 days. Example of fees on a $300 loan is $30+ per two weeks or roughly 340% yearly interest. Imagine if you had 340% or more on your house or car loan. Emergency loan or not, this is a well known trap and strategy to fleece America's Poor.2. Check cashing fees for a government check: 3%. If you cash a $5000 tax refund check, this will cost you $150. There are many companies that will cash your check for much less.3. Everything in this establishment is targeted towards the poor and the cost of every service is very high. The staff was friendly. The owner was great to talk with.