House of Rothschild
Advance America on Opdyke in Auburn Hills, MIToday I had to go pick up a MoneyGram sent by a friend overseas. Near work I pretty much had three choices: Walmart, Advance America, or any number of gas stations and tobacco shops. Not wanting to walk out of a gas station or tobacco shop with a couple hundred dollars in my pocket, and not wanting to give Walmart any business (I presume they get a slight fee for MoneyGram transactions) I opted to go to the local loan shark, Advance America.
To start, if you don’t know about these places, take a look at Advance America’s Michigan Fee Schedule (PDF) for people who are taking out loans. It ranges from 332.19% APR on a $600 loan to 402.80% APR on a $100 loan. These places are just insane! Or, should I say that using such places is insane. Those fees are absolutely abusive. I’m really surprised it isn’t illegal. Thankfully I have no need to, and wasn’t getting, a loan from there.
Also, I really think (particularly being near Pontiac) that they regularly only see people getting loans, because the woman working behind the counter had no idea how to receive a MoneyGram. While coughing with what she said was a case of “walking pneumonia” she made a total of three calls asking people at other offices how to handle the transaction.
After about 20 minutes she had things sorted out, and I was to receive the money. I’m not sure if this is a special case for Advance America, but I was issued one money order for $100, and a second for the remaining balance. The first money order was then cashed in the office, while I had to take the other with me. As I was going to the bank to deposit everything immediately anyway this wasn’t much of a problem, but it still struck me as a bit odd.
Maybe I should have gone to Walmart instead, but at least now things are sorted out and the monies have been deposited into my account. Yay!



