JP Morgan Chase, mortgage loans—you don't even need a steady job, and they don't even look at your credit score! If you don't believe me, go ahead and check it yourself!!
ruggedlynx162 said:Still no luck, I just tried hitting up a Bank of America ATM and it’s still giving me grief. The thing is, the cash I'm actually trying to grab is sitting over at Wells Fargo.
Wells Fargo was having some major system glitches yesterday and today. Probably why you can't touch your own damn money!
Mark Lewis4 said:I mean, it’s pretty much a given that you shouldn't be dipping into a negative balance immediately after receiving your first paycheck.
Oh, you absolutely can—it just depends on which bank you're using! You can definitely 😁
Look, if you ask me, the law says Bank of America can't just snatch money from your account like that, even if they messed up. They need your written consent before they touch a dime!
The interest rate is annual, capped at 13.99% by law. Some banks calculate it monthly, others quarterly—it just depends on which bank you're dealing with. And yeah, they'll hit you with interest for every single day you're in the red once the calculation period hits!
It all boils down to how long you’ve been on the clock at your current gig. If you’ve been grinding away on a fixed-term contract with the same employer for two years, you can go ahead and pull a loan. But, if you’ve only been there for at least a year on that same contract, you can still try applying—you'll just need to bring a co-signer with solid credit into the mix to make it happen.
Frank Castillo4 said:help! I am seriously clueless when it comes to this banking stuff🤷
so if my account is overdrawn by $1167, and at JPMorgan Chase they charge something like 14% which gets calculated every three months—does that mean if I manage to get back out of the red within those 3 months, what happens to the interest?
The interest only hits you for the exact amount of time you were actually in the red. 🙄
Some banks will cut you a deal on car loans where if you're keeping it under $5,000, they don't even bother putting a lien on the title. Once you cross that threshold, yeah, they'll claim ownership. Honestly? Just go for a dedicated auto loan. The interest rates are way lower than whatever junk you'll get otherwise.
If you ask me, a standard loan beats Enterprise any day. The interest rates aren't even that different. The real kicker is that with Enterprise, you’re stuck handing over at least 20% upfront—and some places demand way more depending on how long the term is. That only works if you’ve already got cash burning a hole in your pocket ready to drop as a down payment. But honestly, if you've got that kind of savings anyway, why not just take a smaller loan and use your cash to lower the monthly hit? I'm voting for the loan!!!👍
How many hours are you pulling? There's no way you just started and you're already looking at permanent contracts. If you've been on the job for at least six months, you can grab an auto loan. Honestly, a dedicated car loan is the better move—lower interest rates—but JPMorgan Chase keeps the title until it's paid off. It’s totally up to you! Regarding your buddy, his only real option is to take out the loan himself and then have you cover the monthly payments. I don't see any other way it's going to work. 😢
vividgardener502 said:Does anyone happen to know where I can track down some study guides for the upcoming exam? Any leads would be much appreciated—thanks!🤷
Who even recommended you for the exam? Seriously. When I was sitting there taking mine, they told me everything you need is right on the Deloitte website. My instructors gave me some extra study guides on the side, but I passed those along to everyone else. I nailed it on the first try! 👍