5 financial services you should never pay for
There are many financial services people pay professionals to do for them or assist them with. Many of these are necessary and well worth the cost of paying for them. However, there are some services that you should never have to pay for. Hopefully, you haven’t been paying for any of these five financial services.
Having a checking account
While free checking account services are getting a little harder to find, you should still make sure to get one. The fees on a non-free checking account are unnecessary and add up! If you want to have a checking account with a certain bank, you may need to jump through a few hoops to qualify for a free account, but it is worth it.
Checking your credit
If you try to check your credit report, you may find a lot of sites that will try to charge you to look at it. Don’t pay them! You can request access to your credit report, for free, once a year from each of the big credit companies: Experian, TransUnion, and Equifax. This means you can check your credit score without cost once every four months.
Getting student loan repayment assistance
Student loan repayment can be a confusing and frustrating process, not to mention costly. Sometimes, recent graduates are tempted to pay for services from third parties regarding consolidating their loan or setting up a payment plan. However, none of these companies are empowered to do anything you cannot do for yourself, with a little research and time.
Filing new business paperwork
There is a lot of paperwork involved with setting up a new business. In fact, there are companies out there that specialize in nothing more than helping people file the paperwork required to get a new business legal. While this may seem like a good prospect, the truth is that it is not actually that difficult a process and you can do it yourself without much hardship.
For those of us who travel a lot, we know the importance of keeping some of the local currency on hand. It may seem convenient to simply visit an exchange kiosk whenever you arrive in a new country, but the fees from such places can be expensive and are utterly unnecessary. Most major banks will allow you to exchange currency without a fee, though you do need to give them a few days notice for them to order it.