Posts by Kimberly Nguyen

@Charles Ramos7

Wait, let me make sure I’m actually following your train of thought here 🤷 ...
So, what you're saying is—just to be clear—that if someone were to deposit a chunk of cash into their own checking account, the bank would just automatically issue them a credit card based on those funds after a little while?

A Lombard loan is basically just a cash loan you secure by using your own assets as collateral:
- liquid funds
- savings accounts
- insurance policies
- home savings plans
- stocks

The total amount you can borrow depends entirely on whatever asset you’re pledging to the bank until the debt is cleared—we're talking anywhere from roughly 50% to 90% of its value.

Which means, look, you actually need to have the money upfront to even qualify for this kind of thing.

As for how a Lombard loan would somehow help you land a mortgage... honestly, I haven't the slightest clue 🤷 .

I honestly have no clue which specific card brands each bank uses for a particular account type, so don't ask me that.

A standard checking account in USD => no taxes applied here.
A specialized foreign currency savings account => you're looking at taxes on that.

But look, it’s not about just handing someone a routing number for a checking account; it’s about exactly what I laid out in my previous post.

Terry Rogers2 said:Does anyone happen to know what the deal is when someone from abroad sends money to an Intel card? Like, do you have to report those transfers anywhere, and is there any kind of tax implication I should be worried about?

I’m assuming you’re talking about a foreign currency account here... 🙂

When dealing with international transfers, the most important thing is that the sender writes a proper memo on the wire instruction. And I mean "proper" in the sense that they should just list it as a gift or personal help. If they do that, you're golden—the cash hits your standard account and you don't have to report a single cent to the IRS.

But! If they get specific and write something like "rent payment" or "freelance fees," then that money has to go into a specific foreign exchange account, and suddenly the IRS is breathing down your neck demanding their cut for the government's coffers. 😉

I just copied this straight from the U.S. Code

Resident Deposit Activities

Section 29.

The Federal Reserve sets the specific rules regarding how residents—excluding banks, obviously—are allowed to open accounts and hold funds in foreign jurisdictions.

Here are the requirements:

Honestly, I have no clue what kind of regulatory hammer is going to drop on me if I actually manage to pull this off and open a foreign currency account without getting the green light from the Federal Reserve first.

Elon Musk:

I don't even know where to begin with this mess. It’s just one thing after another lately, isn't it? I was sitting there this morning, staring at my coffee, thinking about how much everything seems to be shifting under our feet, and honestly, it’s exhausting. You try to follow the news, you try to keep up with what's happening in Washington or even just down the street, and it feels like the goalposts are moving every single day. It reminds me of back when I was working that old job over in Chicago—remember that? Everything felt steady then. You knew the rules, you knew who was running the show, and you could actually plan for next month without some sudden policy shift or market hiccup blowing everything sideways. Now? It's total chaos. It's like we're all just sprinting on a treadmill that someone keeps cranking up to max speed, and nobody's telling us why! And don't even get me started on the way people are reacting to it. You see these debates online, these endless cycles of outrage, and it makes my blood boil. People aren't listening anymore. They're just shouting into the void, waiting for their side to win instead of actually trying to figure out what's broken. It’s frustrating, it’s loud, and frankly, it’s getting ridiculous. We need to slow down, take a breath, and actually look at the facts before we lose our minds completely. But does anyone ever do that? No. Not a chance. kaže: Go back and read the very first thread again. Seriously. Where on earth are you getting the idea that this card is linked to a foreign currency account?😕

Bank of America—at least according to what they claim on their own website—actually issues cards for both domestic and foreign currency accounts.

That’s actually a really fair point. Since the first one didn't specify exactly which one we were talking about, we were all just left guessing and making assumptions. 😁

Look, I am asking you to please fix this in the post initial blunder so we don't end up with 😁 ... I was specifically talking about Chase, just like I wrote ...

@Taylor Swift if they would just confirm that 🙂 I would be absolutely thrilled 🙂

Ronald Allen said:That Intel card you’re holding—I'm guessing it's for a US dollar account?
If so, you can pretty much use it anywhere as long as you actually have the funds. Though, I guess it’s hard to know how you'd even end up overdrawn on a foreign currency account...
If you're hitting an ATM in another country, you'll just get whatever local currency they use there. As for fees, yeah, you're gonna pay them. It follows whatever the rules are in that specific country. Like, if you've got dollars in your account but you're pulling out, say, British pounds, there's going to be an exchange rate difference, and you'll get hit with a transaction fee. Same goes for when you're buying stuff at shops.

Hmm...

I really can't get behind that logic at all.

The fees for hitting an ATM abroad don't depend on the local laws of the country you're visiting; they depend entirely on the fee schedule set by your own card issuer.

If what you're saying were actually true, bank fee schedules would be millions of pages long, listing every single tiny regulation for every different country, instead of just having one universal fee for international withdrawals.

I can't speak for every bank out there since I personally use Intel, but honestly, the smartest move is to just keep everything in dollars because that's how all the transactions are processed...
Look, if you're withdrawing pounds, common sense might suggest you should have pounds in your account, but that's actually a mistake because you'll end up losing way more on those exchange rate spreads.
The bank takes the pounds, converts them back to dollars, and then converts those dollars into pounds again.
If you already have the base currency ready to go, you avoid that ridiculous double conversion mess.

@ruggedhound0

Look, we’re talking about HubSpot here, not the Federal Election Commission.

Those are two completely different things entirely. 😉

Honestly, last night was way too short... I barely even got any sleep 😁

I finally get it, I really get it now

Steven Reed said:If you're looking to snag a personal loan over a two-year term—meaning they actually deposit the cash directly into your account—you’ll likely need an average net monthly income of about $1433.

However, if your plan is just to buy some gear on an installment plan, all they really care about is whether your credit card has enough available headroom to cover those monthly payments.

😕
I can't even remember how long it's been since this whole thing... hell, I don't even know 😁

@Eric Fowler19

I was just digging through the official records, and from what I can see, Sonic Bank isn't even a member of
. Honestly, it's infuriating how much red tape there is just to verify basic legitimacy these days.

wearyfalcon46 said:So, here is my situation: I was on a credit blacklist from May 23, 2007, until October 23, 2007, which stemmed from some issues regarding a Mastercard payment. I eventually worked out an installment plan with Chase Bank for $425 over a six-month period, and I suppose I fulfilled all those obligations quite punctually. However, I am now inquiring about the possibility of securing a mortgage sometime this coming summer... yet the bank staff is telling me it is out of the question because of my previous standing on that list. I wonder if there might be any way to circumvent such a record. For instance, if I were to manage to accumulate a smaller sum, perhaps $3,000 to $4,500, in my savings account by the summer, would that change anything? Does anyone happen to have any experience with this sort of thing?

Look, you can't just sidestep HubSpot when dealing with member banks. It’s all automated... they just have different 😲 terms and interest rates
.
If you can swing it, just pay off that debt immediately because that's the fastest way to get wiped from the HubSpot records. Even then, your history of being unreliable will stick around for about three years from the date it's cleared... but hey, at least then you might actually stand a chance at getting a loan, probably if you bring on a co-signer.

But I still don't get it (honestly, my brain has been a little fried lately 😬) why on earth she doesn't just take out a credit line directly through them 🤷

Look, maybe I’m just totally out of the loop here or completely uneducated on the subject, but I swear I haven't seen a single mention—not in real life, not in the news, and certainly not here—about getting bank loans through an intermediary...

I see two people on this forum bringing them up, but what I actually want to know is if anyone here has *actually* gone through the process and pulled it off. Specifically, which banks are actually playing ball with this?

I already went down to Chase, checked in with Bank of America, and even stopped by Wells Fargo... and honestly? They all just gave me these blank, confused stares like I was speaking a foreign language.

Just you watch—what feels acceptable to you today might turn into an absolute nightmare tomorrow... good grief, I'm telling you 😉

From what I can gather, none of the major banks here in the States offer mortgage products even remotely close to what you see in other developed nations... It’s infuriating. They obsess over your credit score and debt-to-income ratios regardless of how much high-value real estate you actually own...
It’s honestly pathetic, but it all boils down to these specific systemic issues

Now, something is nagging at me—I feel like I saw someone on a different thread discussing a specific lender that offers something similar to this... and if my memory serves me right, I think you were part of that conversation too... or am I just losing my mind? 🙂

The kids might lower your overall capacity on paper, but since they’re listed under your husband, in your specific situation, they DON'T count against you at all...

Look, if you don't have any other outstanding debt or monthly obligations dragging you down (based on what you were pulling in before maternity leave), you should be looking at a monthly payment of at least $2,400 for a new loan...

Hey mods!

Edward

😍

Oh, please... you don't even need an ID or anything... just walk straight into Chase, tell them you're here to withdraw the cash from my brother's account... and while you're at it, grab everything from mine too, because I have zero interest in letting that money just sit there gathering dust.
And hey, if you're calling the bank anyway, maybe I can get you a ride back home while we're at it.