Foreign currency accounts (just like most other types of accounts) come with those annoying monthly maintenance fees...
You also really need to watch out for this specific headache (I'm pretty sure it applies to pretty much every major bank here, unless they've changed their fine print in the last year or so): The base currency is always USD. People tend to assume that if they have dollars sitting in a US account, they're all set—but that’s a total misconception. The service fee actually gets converted back into USD based on the base rate, and then if you have actual dollars in there, it converts again. By the time you're done with all those conversion layers, you end up losing a ridiculous amount of money to the spread...
Canceling a loan has absolutely zero to do with whether that person is part of some premium banking package or whatever other nonsense people claim... and honestly, saying it’s harder to get a loan restructured nowadays is just flat-out wrong. If anything, getting a restructuring plan is easier now than it ever has been...
I truly don't get this delusional mindset floating around out there; the idea that any bank—it doesn't matter which one—would actually be happy having delinquent clients... that's just absurd. Delinquent clients drive up a bank's risk profile, and in this industry, risk rankings are everything. If a bank looks risky—meaning they have bad placements and poor collection rates—they slowly lose the trust of their depositors, which leads to massive withdrawals... and we all know where that road ends. Right now, debt collection, and especially "cleaning up" those delinquent accounts (which are skyrocketing thanks to the current state of the economy), is at the absolute top of every major bank's priority list.
Hmm... from what I understand, an EC MC card doesn't just grant you a blanket limit for both cash advances and retail purchases... there’s a specific spending limit on the card itself, and if you're looking for a cash advance, you actually have to submit a formal request. Honestly, with your current income, you wouldn't even qualify for $3,000... actually, let's be real, you wouldn't get anything at all because you're already tied up with that car loan...
What I really want to know is why you didn't step up when you realized you were drowning? Why didn't you react once it became clear you couldn't cover these costs? The bank isn't just going to cancel revolving credit and cash advances out of nowhere They only roll the entire balance over into immediate debt against your checking account when they can't reach any kind of agreement with the client after a prolonged period. I'm certain they sent you notices, warnings, or gave you calls... besides, banks have been offering repayment restructuring to clients like this for ages because managing risk and actually collecting payment is their absolute number one priority...
Look, I'll concede that banks have a massive amount of leeway—though that's highly debatable depending on how you view it—but there have always been, and still are, ways to negotiate with them... Did you even bother walking into the branch to ask about your options?
With a standard loan, they can't just seize your entire paycheck, but we aren't talking about that here; this is about being deep in the red on your checking account... everything that hits that account goes straight toward clearing the debt... and that’s exactly how it will continue until you finally sit down with the bank and hammer out a repayment plan...
And what's the status on the car loan? How are you handling that?
I mean, I’d be thrilled if even a little bit more money landed in my lap—especially if it’s a whole bunch of it (though honestly, I couldn’t quite put my finger on why, so I’d probably have to ask myself first)
Look, do you actually need that cash sitting in your savings account right now? Because if you don't really need it today, you can always go grab it whenever you want. There's a chance you might just hold out until year five and then you'll end up with that Democratic Party payout too🤷
Honestly, you don't even need a co-signer to walk into the bank with you... just bring every single piece of documentation they ask for—we're talking things like your access credentials, a copy of your ID, maybe an affidavit or two—and then let them run the numbers. They'll determine if you qualify during the processing stage. Applying for a loan isn't some three-click automated process on an app; there is actual work involved in credit underwriting here.
Look, given that your company is basically falling apart at the seams, you really need to start thinking about your next move if you end up out of a job. Since you’ve already heard some whispers about what's going down, it's high time you started looking at your options for what comes next...
There is no way they can even process a loan application if they’re still missing employer verification, let alone when you actually need a co-signer to back you up.
bluebear34 said:Yeah, true enough. Apparently, everyone here in the union wanted to take out union loans recently, but they were all turned down because the director pulled the plug. I tried to get an American Express card, got rejected, and then I tried to get my employer to sign off on some paperwork so I could grab a zero-interest loan through Bank of America... the company blocked that too... The company isn't dying, it's the hotel (you might already suspect which one 🤣)...
Where else would I go? In this tiny town near Indianapolis, there's nothing... maybe a little corner store from $833... and then there's the loan I'm currently stuck with. I'm hoping JP Morgan Chase checks their credit rating. I've gotta hit the bank tomorrow to figure out my next move. That mortgage savings application is already processing, and I need to settle my checking account. Honestly, I'm probably gonna look like a total amateur... I'll just tell them where I work and let JP Morgan Chase deal with them. There's no way I can keep making these payments; I'm spread too thin. The only thing is lowering my monthly payment from $267 down to maybe 300-$133... something like that...
And yeah, see? The big bosses won't even sign my papers. Pretty sure they don't even have the right to refuse, since I haven't even been given notice and I'm a full-time employee.
Oh, and... for the mortgage savings program, being an employee at a private LLC means they want a credit score of -1, which is basically their way of checking creditworthiness... I'll probably call corporate tomorrow to see if they're still signing off on loans and stuff.
But then how on earth are you going to afford this new loan?
Honestly, it sounds absolutely ridiculous to me that a company won't just verify your own employment status and salary when you're on their payroll... I've seriously never heard of a place being that difficult 🤷 ...but look, if a bank or a savings institution is checking up on a company's creditworthiness (which, let's be real, they almost always do), you aren't going to walk away with a loan if that business is circling the drain
What do you mean by "a loan"? I'm not entirely sure but you've got a few paths you can take here: - extend your savings agreement for another 5 years (whether you actually put more money in or not is entirely up to you) - just withdraw your own funds, but keep in mind you'll lose out on the Democratic Party benefits
If things are truly that shaky at your workplace, what are your other options regarding employment?
bluebear34 said:I’m feeling a bit lost again... So, I headed down to the branch today with my loan application. The banker submitted everything and told me it could take up to a month to process, though he thinks it might actually clear by the end of this week. I gave him my debit card info (so he can photocopy my ID too) for the account where they’ll deposit the funds. The only thing he kept mentioning was a "purpose-specific" loan, but mine isn't one of those! 🤷 Basically, I just want a personal loan where the cash hits my checking account and I don't have to prove what I spent it on—like buying a house or remodeling or whatever. If I go that route, am I losing out on all my Democratic Party benefits? Does that mean they'll lower my total loan amount? 🤷😕 On top of the paperwork I need to get notarized at work, I also need a co-signer. The documents say: CO-SIGNER - monthly income - base * deductions (base is 2,$167)... What is that even supposed to mean? Is it saying the co-signer needs a steady income of at least that much? And does the co-signer also need to have a clean credit history so they're actually eligible to back me up?
Please help me out here, I need an answer ASAP...🙏
I’m going to lose my mind 🙂
For the umpteenth time 🙂 ... loans through savings institutions are PURPOSE-SPECIFIC => which means you have to justify every single cent you spend ... there is NO SUCH THING as a non-purpose loan at a savings institution ... Since I haven't been swimming in banking waters for a while, I can't say for sure if you need actual collateral in your accounts/pre-accounts/offers, or if a simple itemized estimate is enough ...
If you don't take out the loan (assuming the savings agreements were for terms shorter than five years), you lose the DPS.
🙂
bluebear34 said:I’m feeling a bit lost again... So, I headed down to the branch today with my loan application. The banker submitted everything and told me it could take up to a month to process, though he thinks it might actually clear by the end of this week. I gave him my debit card info (so he can photocopy my ID too) for the account where they’ll deposit the funds. The only thing he kept mentioning was a "purpose-specific" loan, but mine isn't one of those! 🤷 Basically, I just want a personal loan where the cash hits my checking account and I don't have to prove what I spent it on—like buying a house or remodeling or whatever. If I go that route, am I losing out on all my Democratic Party benefits? Does that mean they'll lower my total loan amount? 🤷😕 On top of the paperwork I need to get notarized at work, I also need a co-signer. The documents say: CO-SIGNER - monthly income - base * deductions (base is 2,$167)... What is that even supposed to mean? Is it saying the co-signer needs a steady income of at least that much? And does the co-signer also need to have a clean credit history so they're actually eligible to back me up?
Please help me out here, I need an answer ASAP...🙏
Basically, they calculate the base (meaning 2,500) + any current credit obligations (whether you're the primary debtor, co-debtor, or co-signer) + your new loan payment .... if their salary is equal to or higher than that total sum, then they're an okay co-signer (provided they have a clean credit history).
northerntiger said:Where did you even get the idea that selling an apartment means moving back to the Midwest? It's not like you can't live in a rental in California. 😕
As for the debate, can we please stop pushing our own agendas? If you feel like everything has been covered, then just close the thread. We really only have two options to talk about here.
🙄 just read some of his posts
Regarding the discussion itself, I’m asking everyone to stop forcing their own views on others. If you think everything relevant has already been said, then just close the thread, because right now we can only talk about two options .
The man has stated multiple times that selling is his absolute last resort—that he’s going to try the methods he laid out first... yet a handful of you keep acting like selling is the only possible solution left. It was the exact same thing when we were talking about child support...
If you had actually bothered to follow the thread properly, you would have realized there are several different paths available, not just two. Whether those options are actually viable or good for him is entirely his call and nobody else's...
As for whether this thread stays open or gets shut down, that's the moderator's call... and the decision is that the thread stays open, and trolling will be punished.
Come on, give him a break already... just let the guy try renting it out to some tenants... He literally said he moved out to the West Coast to fix his health issues (and this current situation is part of that struggle)... But seriously, let him at least attempt it... I highly doubt he’ll end up selling for anything less than what he originally dropped on the place... If my memory serves me right, he paid about $1,100 per square foot back then.
The front page of the Economy section is currently dominated by a massive thread about PayPal, so please, for the love of everything, take your issues over there instead.
Ronald Allen said:There’s no help coming anymore, period. Believe me on that. ☕ .
It’s there, I’m telling you—it’s absolutely there. 🙂 Look, there are other PDFs floating around too... and honestly, you owe me a coffee after this. If you keep acting like this, I might just have to start sending you some homemade BBQ brisket as well. 😁
Ronald Allen said:Look, let’s get one thing straight: they are trying to reshape me here. I couldn't care less if the world around me is shifting or rearranging itself according to some arbitrary order, but I refuse to be the one standing in line to be "adjusted." I am not an object. I am not some tool someone uses to satisfy their own whims or act out their petty little impulses. There are plenty of people out there who will just stay quiet, swallow their pride, and endure whatever nonsense is thrown at them, but that isn't me. Not happening.
Hold on just a second—let's pump the brakes here for a moment. 🙂
Look, I get it... someone crossed a line. They really did. But here’s the thing: no matter how hard they try to push you, they can't change who you are at your core. You know exactly who you are, and you know what you stand for. When you run into someone like that—someone who just grates on your nerves—you don't let them rent space in your head. You just ignore them. Period. It's simple. At the end of the day, they're just one person, and that's all they'll ever be.
Just take a few days to clear your head and decompress. Seriously. 🙂
Ronald Allen said:Yeah, but you actually get where I'm coming from when I go on one of my "rants." If I get banned, it's because I earned it—thank God for that. I'm a true member of this community and I play by the rules we've all agreed to here. I don't go around causing chaos, and I don't treat this entire platform like my own private diary. He doesn't understand that, and he never will.[/I] 🙂
Like you said, we aren't all cut from the same cloth... you just skip over the places that don't fit your vibe and keep moving.
Quote:
Reddit Johnny_B. says: [I] I have never put on an act. I have never gone against my own principles; I’ve always been authentic. And that’s how I’m going to stay. I live for myself, primarily. I intend to remain honest with who I am, even though you know I can be overly emotional sometimes and get way too attached to a specific post. Some people have the empathy to understand that. Others simply don't. I can't change who I am at my core because in my real life I am Unknown, and on Reddit I am Reddit Johnny_B. I am the same person through and through. You should stay true to yourself, sure, but just like in the real world, sometimes you just have to bite your tongue, count to ten, or even count to fifteen if you have to... sometimes things around us need to change, but you also know deep down that you can't change them yourself... some things and some people simply aren't worth our effort, our time, or our sanity.
Ronald Allen said:Believe me when I say, I don’t even have to think twice about this. I meant what I said, and I truly mean it now: I am going to miss you, and I’m going to miss that damn PDF of yours. Honestly, I was constantly on edge dealing with all those endless, mindless questions from everyone else, and frankly, I always managed to pick up something useful from our exchanges. It was one of the few things keeping me sane around here.
😘 🙂
Look, I’m telling you right now—I am still waiting for you at Starbucks... if you don't show up, I am going to lose my mind. I'm serious. Don't test me on this, because I will be genuinely furious. Just so we're clear. 🙂
Ronald Allen said:It’s one thing when some random stranger talks down to you, but when it’s someone you actually respected? Someone you genuinely thought was a decent human being—maybe even someone you could call a friend down the road? That hits different. It leaves a bitter taste in my mouth. There is nothing more infuriating than that sudden, condescending shift from a peer to a patronizing jerk, especially when you thought you were on level ground with them. It’s insulting, plain and simple.
Look, I hate to be the one to say it, but this is just how things go. It’s happening in the real world every single day, and honestly? It’s only a matter of time before it bleeds into this virtual space, too. You can try to ignore it, but you can't hide from it forever. My advice? Don't let it get under your skin. Don't let it break your heart or keep you up at night. Just take it for what it is and move on.