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The Inner City Check Cashing Business. The risks of Payday Advances

Posted by: funnytodd   
December 25th,
2020

Tom Nix’s family originated in San Pedro, in which he worked their way up from the rough youth to receive a check-cashing company, a brand new concept during the time, in Southern Central Los Angeles. their father had started a little food store, as well as cashed checks for clients. From helping his daddy in this continuing business grew their notion of beginning a check-cashing business.

Tom completed school that is high did well in college, but found myself in numerous battles with others his age, about consuming, girls and fighting one another to show their toughness. He had been admitted to USC and soon started initially to remain in the greater upper-class tradition here, playing 12 months of football under John McKay. After graduating in 1970, he married their twelfth grade sweetheart, Pam.

In 1976, he was succeeding and had been a book Los Angeles County Deputy Sheriff, but had temper-control problems, mood swings and had been a binge eater and drinker, obese, and possessed a peptic ulcer. After entering a self-help system, he stopped blaming other people and began centering on good ideas on where he had been going, perhaps maybe not where he had been. 24 months later on he launched their very first check-cashing company, Nix Check Cashing, plus in twelve months ended up being cashing $1 million of checks each week. He staffed the company with residents, element of their community, with quick, friendly, affordable and courteous solution. Read the rest of this entry »