Saturday, January 22, 2005

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Check Cashing Contracts I keep getting these checks from the different credit card companies I have cards with. Some for as little as $2.50, recently one for $15. The fine print on the check states "By cashing this check, you automatically enroll in credit protector". I can't believe that practice is legal. If cashing a check invokes a contract, then the contract should be a separate legal document. The back of the check could reference that contract, but the check itself should not be the contract. Where does it stop? What's to stop them from writing "By cashing this check, you deed your house to us"?! The companies in question, by the way, are all large, "reputable" finance companies: AT&T, Chase, Citigroup. 12:16:49 PM    comment []