I’ve always been a firm believer that if someone is up to something illegal, you report it. If anyone ever came to me asking for something shady, I’d make sure the FBI and every major news outlet in the country heard about it. People seem to think that standing up to a bank means they'll never get a loan again—which might be true for that specific branch, but thank God we have enough banks in America now to just shop around elsewhere. 🤷
Look, if they’re claiming this is a prerequisite for a loan, tell the client to demand that requirement in writing immediately! If they refuse, skip the teller and ask for the branch manager right then and there—besides, there is always a way to file a formal complaint through the bank's official website, which escalates the issue to corporate headquarters. I’ve heard whispers that certain banks operate this way, though unfortunately, nobody seems to have stepped up to cause enough of a scene to actually report them. Practices like these are outright illegal and need to be shut down once and for all.
Under current law, banks have absolutely zero authority to touch your retirement funds if you happen to default on a loan. So, really—why do they push these funds so hard if it doesn't actually secure their loans? 😕 Just take a look at the fund regulations; you're actually entitled to choose your own provider, and no bank can force one on you.
Copy-paste from the Social Security Act, Chapter V:
MEMBERSHIP AND CONTRIBUTIONS TO MANDATORY RETIREMENT FUNDS
Section 40. (1) Insured individuals covered under the Social Security Act who are under the age of 40 are required to participate via individual capitalized savings in a mandatory fund of their own choosing, thereby becoming members of that specific fund.
If a bank actually had the legal standing to mandate a specific retirement fund as a condition for credit—which we all know they don't—they wouldn't hesitate to issue a certification demanding it from you (but they won't, because it’s illegal). If you're looking to push back—and you certainly have the grounds to do so—file a complaint with the SEC. They quite enjoy it when people report this kind of nonsense. 😉
With a standard ECMC card, you can secure a cash loan without needing any guarantors or extra collateral—up to *$13333 depending on your credit score. That’s exactly why an ECMC card is worth having 😉 (I personally keep one just in case—you never know when you might suddenly need a little extra liquidity).
You can just head into any local branch—both you and your dad will need to sign the authorization paperwork—and that’s really all there is to it. The PIN will be mailed directly to your house if you opt for the digital version, and if you choose the physical card, that'll show up at your doorstep too; however, if you decide on a standard EMV card, you'll have to pick that one up at the main branch.
Kimberly Nguyen said: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 🙂
Hold on now! 🙂 I'm confirming it regarding Chase 😉
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.
Based on what you’ve shared—you aren't actually on a blacklist, but rather on the delinquent debtor list maintained by the American Bankers Association. That record of yours will be wiped clean three years after you've settled the debt—which doesn't necessarily mean you can't function normally, take out loans, or whatever else in the meantime—it all depends on the discretion of the bank where you deposit your paycheck, or when you decide to submit a credit application.
Charles Bennett8 said:Every time I try to enter my Duke Energy account number, I get this nagging little error message saying the account holder's details just aren't available... I mean, what on earth could be going on there? Is it just some glitch in the system, or am I missing something obvious?
It just means Duke Energy uses a different bank—likely Chase in this instance. That’s exactly what happens when you try dealing with VIP accounts, too. Just enter everything exactly as it appears on your payment slip and don't sweat it—the funds will land right where they belong.
It goes straight to your checking account! Though—if you want to be efficient—you can just set up an automatic transfer to move everything from checking over to your savings account.
Overdrafting is essentially a cheap way to be reckless—provided you have a premium checking account. With a GoCardless account, however, you’re just getting hit with cash withdrawal fees and an annual interest rate on whatever credit you use
It’s highly probable—given that you’re essentially putting your car up as collateral. The absolute worst-case scenario here is a simple rejection; therefore, honestly, you have nothing to lose by trying.