Current Events > Banks can keep the 1,200 stimulus to cover existing debts.

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Talk2DaHand 04/14/20 2:49:51 PM #1:	Banks have been given the green light by regulators to take the $1,200 CARES Act payments and use them to offset an individual's existing debts. https://t.co/by1oQ1uoJl 'Murica! --- "The wise speak only of what they know." - J.R.R. Tolkien <cite>Talk2DaHand posted [p:937389084] in Banks can ... [t:78582471]...</cite> <quote>Banks have been given the green light by regulators to take the $1,200 CARES Act payments and use them to offset an individual's existing debts. https://t.co/by1oQ1uoJl 'Murica! </quote> ... Copied to Clipboard!
Talk2DaHand 04/14/20 2:52:18 PM #2:	Up --- "The wise speak only of what they know." - J.R.R. Tolkien <cite>Talk2DaHand posted [p:937389229] in Banks can ... [t:78582471]...</cite> <quote>Up </quote> ... Copied to Clipboard!
B-Factor 04/14/20 2:53:16 PM #3:	lmao --- Meh. <cite>B-Factor posted [p:937389280] in Banks can ... [t:78582471]...</cite> <quote>lmao</quote> ... Copied to Clipboard!
Questionmarktarius 04/14/20 2:54:12 PM #4:	Your bank account is setting at -$1231.07 somehow. You get a deposit of $1200.00. What is your balance now? <cite>Questionmarktarius posted [p:937389347] in Banks can ... [t:78582471]...</cite> <quote>Your bank account is setting at -$1231.07 somehow. You get a deposit of $1200.00. What is your balance now? </quote> ... Copied to Clipboard!
Tyranthraxus 04/14/20 2:55:00 PM #5:	Lenders always get paid first. If you run a business and you haven't issued paychecks to your employees yet and declare bankruptcy, the employees just have to kind of hope there's enough money for them after paying lenders to still cut paychecks for their work. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://imgur.com/dQgC4kv <cite>Tyranthraxus posted [p:937389400] in Banks can ... [t:78582471]...</cite> <quote>Lenders always get paid first. If you run a business and you haven't issued paychecks to your employees yet and declare bankruptcy, the employees just have to kind of hope there's enough money for them after paying lenders to still cut paychecks for their work. </quote> ... Copied to Clipboard!
Ludwig Von 2 04/14/20 2:55:44 PM #6:	Should have gotten a check --- My luck works best when things are... random. Mat Cauthon from The Dragon Reborn <cite>Ludwig Von 2 posted [p:937389448] in Banks can ... [t:78582471]...</cite> <quote>Should have gotten a check </quote> ... Copied to Clipboard!
Tyranthraxus 04/14/20 2:55:47 PM #7:	Questionmarktarius posted... Your bank account is setting at -$1231.07 somehow. You get a deposit of $1200.00. What is your balance now? That would never happen. Your account would be closed and sold to a collections agency. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://imgur.com/dQgC4kv <cite>Tyranthraxus posted [p:937389454] in Banks can ... [t:78582471]...</cite> <quote>Questionmarktarius posted... </cite> <quote>Your bank account is setting at -$1231.07 somehow. You get a deposit of $1200.00. What is your balance now?</quote>That would never happen. Your account would be closed and sold to a collections agency. </quote> ... Copied to Clipboard!
Orlando_Jordan 04/14/20 2:56:18 PM #8:	Fair, next. --- "Then after 2 hours of listening to me talk about watches I reward them with sub par sex"-No_U_L7 <cite>Orlando_Jordan posted [p:937389488] in Banks can ... [t:78582471]...</cite> <quote>Fair, next. </quote> ... Copied to Clipboard!
Ludwig Von 2 04/14/20 2:57:40 PM #9:	Tyranthraxus posted... That would never happen. Your account would be closed and sold to a collections agency. well I mean the deposit would still go through.. --- My luck works best when things are... random. Mat Cauthon from The Dragon Reborn <cite>Ludwig Von 2 posted [p:937389586] in Banks can ... [t:78582471]...</cite> <quote>Tyranthraxus posted... </cite> <quote>That would never happen. Your account would be closed and sold to a collections agency.</quote> well I mean the deposit would still go through.. </quote> ... Copied to Clipboard!
Tyranthraxus 04/14/20 2:58:16 PM #10:	Ludwig Von 2 posted... well I mean the deposit would still go through.. No it wouldn't because you wouldn't have a bank account at that point. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://imgur.com/dQgC4kv <cite>Tyranthraxus posted [p:937389623] in Banks can ... [t:78582471]...</cite> <quote>Ludwig Von 2 posted... </cite> <quote>well I mean the deposit would still go through..</quote>No it wouldn't because you wouldn't have a bank account at that point. </quote> ... Copied to Clipboard!
g980 04/14/20 2:59:17 PM #11:	Makes sense for deposits to overdrawn accounts Sketchier for being used to pay off separate loan accounts But note that this wasnt an explicit "go ahead please do that" it was "there is nothing specifically saying you cant" And honestly in most cases, protecting that money would be impractical. But if youre just looking for something to get riled up about, godspeed --- These old bones live to learn her wanton ways: (I measure time by how a body sways). <cite>g980 posted [p:937389679] in Banks can ... [t:78582471]...</cite> <quote>Makes sense for deposits to overdrawn accounts Sketchier for being used to pay off separate loan accounts But note that this wasnt an explicit "go ahead please do that" it was "there is nothing specifically saying you cant" And honestly in most cases, protecting that money would be impractical. But if youre just looking for something to get riled up about, godspeed </quote> ... Copied to Clipboard!
g980 04/14/20 2:59:56 PM #12:	Tyranthraxus posted... That would never happen. Your account would be closed and sold to a collections agency. Not immediately. This could absolutely happen. --- These old bones live to learn her wanton ways: (I measure time by how a body sways). <cite>g980 posted [p:937389725] in Banks can ... [t:78582471]...</cite> <quote>Tyranthraxus posted... </cite> <quote>That would never happen. Your account would be closed and sold to a collections agency.</quote> Not immediately. This could absolutely happen. </quote> ... Copied to Clipboard!
Questionmarktarius 04/14/20 3:00:12 PM #13:	Tyranthraxus posted... No it wouldn't because you wouldn't have a bank account at that point. According to the link, it ends up going towards that debt from the closed account. <cite>Questionmarktarius posted [p:937389739] in Banks can ... [t:78582471]...</cite> <quote>Tyranthraxus posted... </cite> <quote>No it wouldn't because you wouldn't have a bank account at that point.</quote>According to the link, it ends up going towards that debt from the closed account. </quote> ... Copied to Clipboard!
Ludwig Von 2 04/14/20 3:00:43 PM #14:	Tyranthraxus posted... No it wouldn't because you wouldn't have a bank account at that point. the account exists, its just in a different status. If a direct deposit came in though it would take it. The account doesnt magically disappear. --- My luck works best when things are... random. Mat Cauthon from The Dragon Reborn <cite>Ludwig Von 2 posted [p:937389773] in Banks can ... [t:78582471]...</cite> <quote>Tyranthraxus posted... </cite> <quote>No it wouldn't because you wouldn't have a bank account at that point.</quote> the account exists, its just in a different status. If a direct deposit came in though it would take it. The account doesnt magically disappear. </quote> ... Copied to Clipboard!
Bio1590 04/14/20 3:01:06 PM #15:	[Treasury] has the ability to say that these payments are exempt, and theyre not doing so" Gee I wonder why --- https://imgur.com/bbRWLI8 https:/i.imgur.com/S1m3po4.jpg https://imgur.com/A0BErSV https://imgur.com/7fCcfko <cite>Bio1590 posted [p:937389790] in Banks can ... [t:78582471]...</cite> <quote><quote>[Treasury] has the ability to say that these payments are exempt, and theyre not doing so"</quote> Gee I wonder why</quote> ... Copied to Clipboard!
KiwiTerraRizing 04/14/20 3:01:26 PM #16:	Questionmarktarius posted... Your bank account is setting at -$1231.07 somehow. You get a deposit of $1200.00. What is your balance now? I mean, yeah this kinda makes sense. Thats just automated. I dont know how you prevent it. --- Trucking Legend Don Schneider! <cite>KiwiTerraRizing posted [p:937389816] in Banks can ... [t:78582471]...</cite> <quote>Questionmarktarius posted... </cite> <quote>Your bank account is setting at -$1231.07 somehow. You get a deposit of $1200.00. What is your balance now?</quote> I mean, yeah this kinda makes sense. Thats just automated. I dont know how you prevent it. </quote> ... Copied to Clipboard!
Tyranthraxus 04/14/20 3:01:50 PM #17:	g980 posted... Not immediately. This could absolutely happen. It would have to happen within hours of you getting the CARES money. That's not a realistic scenario. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://imgur.com/dQgC4kv <cite>Tyranthraxus posted [p:937389846] in Banks can ... [t:78582471]...</cite> <quote>g980 posted... </cite> <quote>Not immediately. This could absolutely happen.</quote>It would have to happen within hours of you getting the CARES money. That's not a realistic scenario. </quote> ... Copied to Clipboard!
Talk2DaHand 04/14/20 3:04:20 PM #18:	Bio1590 posted... Gee I wonder why Kleptomania --- "The wise speak only of what they know." - J.R.R. Tolkien <cite>Talk2DaHand posted [p:937389997] in Banks can ... [t:78582471]...</cite> <quote>Bio1590 posted... </cite> <quote>Gee I wonder why</quote> Kleptomania </quote> ... Copied to Clipboard!
thanosibe 04/14/20 3:04:31 PM #19:	KiwiTerraRizing posted... I mean, yeah this kinda makes sense. Thats just automated. I dont know how you prevent it. You, the account holder can't. That's why banks offer overdraft. I rarely ever use it but, I went from $500 OD like 15 years ago when we open our account to $1500 and I never asked for any increases. But since they can see I have steady income, and that income pay period has never exceeded that OD amount, they always know they'll get their money. Including the OD fees. --- I think I need a drink. Almost everybody does only they don't know it. -- Charles Bukowski <cite>thanosibe posted [p:937390006] in Banks can ... [t:78582471]...</cite> <quote>KiwiTerraRizing posted... </cite> <quote>I mean, yeah this kinda makes sense. Thats just automated. I dont know how you prevent it.</quote>You, the account holder can't. That's why banks offer overdraft. I rarely ever use it but, I went from $500 OD like 15 years ago when we open our account to $1500 and I never asked for any increases. But since they can see I have steady income, and that income pay period has never exceeded that OD amount, they always know they'll get their money. Including the OD fees. </quote> ... Copied to Clipboard!
g980 04/14/20 3:05:44 PM #20:	Tyranthraxus posted... It would have to happen within hours of you getting the CARES money. That's not a realistic scenario. I was a branch manager at a bank for years. Banks dont sell off overdrawn accounts quickly. $1200 is a lot to be overdrawn, but not all that rare. Why would they? If theres a chance they can recover the full amount + fees and still maintain the relationship, theyre going to. Double so if theres an additional lending relationship. --- These old bones live to learn her wanton ways: (I measure time by how a body sways). <cite>g980 posted [p:937390071] in Banks can ... [t:78582471]...</cite> <quote>Tyranthraxus posted... </cite> <quote>It would have to happen within hours of you getting the CARES money. That's not a realistic scenario.</quote> I was a branch manager at a bank for years. Banks dont sell off overdrawn accounts quickly. $1200 is a lot to be overdrawn, but not all that rare. Why would they? If theres a chance they can recover the full amount + fees and still maintain the relationship, theyre going to. Double so if theres an additional lending relationship. </quote> ... Copied to Clipboard!
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R1masher 04/14/20 3:11:08 PM #23:	This is something that I consider fair and so should you, Ill cast judgment your next statement as I wait up on high --- R1R1R1R1R1R1 <cite>R1masher posted [p:937390438] in Banks can ... [t:78582471]...</cite> <quote>This is something that I consider fair and so should you, Ill cast judgment your next statement as I wait up on high </quote> ... Copied to Clipboard!
Questionmarktarius 04/14/20 3:12:01 PM #24:	KiwiTerraRizing posted... I dont know how you prevent it. Paper check, then pay the pawn shop on the corner an obscene fee just to cash it. Assuming, of course, you don't already owe that pawn shop money. <cite>Questionmarktarius posted [p:937390510] in Banks can ... [t:78582471]...</cite> <quote>KiwiTerraRizing posted... </cite> <quote>I dont know how you prevent it.</quote>Paper check, then pay the pawn shop on the corner an obscene fee just to cash it. Assuming, of course, you don't already owe that pawn shop money. </quote> ... Copied to Clipboard!
Sir Will 04/14/20 3:15:47 PM #25:	...what ISN'T wrong with your country? JFC.... --- River Song: Well, I was off to this gay gypsy bar mitzvah for the disabled when I thought 'Gosh, the Third Reich's a bit rubbish, I think i'll kill the Fuhrer' <cite>Sir Will posted [p:937390766] in Banks can ... [t:78582471]...</cite> <quote>...what ISN'T wrong with your country? JFC....</quote> ... Copied to Clipboard!
BettyWhite 04/14/20 3:20:08 PM #26:	Time to open up a Bluebird or Greendot and change your direct deposit to that account. --- Life is pain and misery beat skeet to asian street meat <cite>BettyWhite posted [p:937391007] in Banks can ... [t:78582471]...</cite> <quote>Time to open up a Bluebird or Greendot and change your direct deposit to that account. </quote> ... Copied to Clipboard!
Sackgurl 04/14/20 3:22:02 PM #27:	in theory this shouldn't happen too much most people who live outside the traditional banking system didn't file their taxes to accept returns/make payments via a bank acct number because they already don't have one--they're just waiting for the checks to be mailed in practice anybody who has fallen on hard times directly as a result of coronavirus is the most likely to have their stimulus taken from them by debt holders --- LittleBigPlanet is like merging dress-up with a real game. <cite>Sackgurl posted [p:937391119] in Banks can ... [t:78582471]...</cite> <quote>in theory this shouldn't happen too much most people who live outside the traditional banking system didn't file their taxes to accept returns/make payments via a bank acct number because they already don't have one--they're just waiting for the checks to be mailed in practice anybody who has fallen on hard times directly as a result of coronavirus is the most likely to have their stimulus taken from them by debt holders </quote> ... Copied to Clipboard!
Talk2DaHand 04/14/20 3:56:11 PM #28:	BettyWhite posted... Time to open up a Bluebird or Greendot and change your direct deposit to that account. I'll look it up. --- "The wise speak only of what they know." - J.R.R. Tolkien <cite>Talk2DaHand posted [p:937393269] in Banks can ... [t:78582471]...</cite> <quote>BettyWhite posted... </cite> <quote>Time to open up a Bluebird or Greendot and change your direct deposit to that account.</quote> I'll look it up. </quote> ... Copied to Clipboard!
DrizztLink 04/14/20 3:57:18 PM #29:	Tyranthraxus posted... Lenders always get paid first. If you run a business and you haven't issued paychecks to your employees yet and declare bankruptcy, the employees just have to kind of hope there's enough money for them after paying lenders to still cut paychecks for their work. Bootlicker logic --- http://guidesmedia.ign.com/guides/9846/images/slowpoke.gif https://imgur.com/M8h2ATe https://imgur.com/6ezFwG1 <cite>DrizztLink posted [p:937393344] in Banks can ... [t:78582471]...</cite> <quote>Tyranthraxus posted... </cite> <quote>Lenders always get paid first. If you run a business and you haven't issued paychecks to your employees yet and declare bankruptcy, the employees just have to kind of hope there's enough money for them after paying lenders to still cut paychecks for their work.</quote>Bootlicker logic </quote> ... Copied to Clipboard!
Talk2DaHand 04/14/20 4:01:20 PM #30:	DrizztLink posted... Bootlicker logic eso parece --- "The wise speak only of what they know." - J.R.R. Tolkien <cite>Talk2DaHand posted [p:937393633] in Banks can ... [t:78582471]...</cite> <quote>DrizztLink posted... </cite> <quote>Bootlicker logic</quote> eso parece </quote> ... Copied to Clipboard!
kingdrake2 04/14/20 4:06:41 PM #31:	when creditors take money out of the stimulus: --- Explorers In The Further Regions Of Experience, demons to some, Angels To Others: Pinhead <cite>kingdrake2 posted [p:937393979] in Banks can ... [t:78582471]...</cite> <quote>when creditors take money out of the stimulus: </quote> ... Copied to Clipboard!
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ThyCorndog 04/14/20 4:13:09 PM #33:	Sir Will posted... ...what ISN'T wrong with your country? JFC.... the list is getting smaller and smaller --- https://imgur.com/6cPXvLN https://imgur.com/hVC4i6j <cite>ThyCorndog posted [p:937394365] in Banks can ... [t:78582471]...</cite> <quote>Sir Will posted... </cite> <quote>...what ISN'T wrong with your country? JFC....</quote>the list is getting smaller and smaller </quote> ... Copied to Clipboard!
YellowSUV 04/14/20 4:33:16 PM #34:	Reminder the US government works for the rich and banks and not you. --- We all live in a Yellow SUV! a Yellow SUV! <cite>YellowSUV posted [p:937395545] in Banks can ... [t:78582471]...</cite> <quote>Reminder the US government works for the rich and banks and not you. </quote> ... Copied to Clipboard!
Tyranthraxus 04/14/20 4:40:19 PM #35:	DrizztLink posted... Bootlicker logic I'm telling you how it is not telling you how I want it to be. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://imgur.com/dQgC4kv <cite>Tyranthraxus posted [p:937396005] in Banks can ... [t:78582471]...</cite> <quote>DrizztLink posted... </cite> <quote>Bootlicker logic</quote>I'm telling you how it is not telling you how I want it to be. </quote> ... Copied to Clipboard!
ElatedVenusaur 04/14/20 4:41:59 PM #36:	CARES just gets lamer and lamer... <cite>ElatedVenusaur posted [p:937396111] in Banks can ... [t:78582471]...</cite> <quote>CARES just gets lamer and lamer... </quote> ... Copied to Clipboard!
DrizztLink 04/14/20 4:43:22 PM #37:	Tyranthraxus posted... I'm telling you how it is not telling you how I want it to be. Touch. --- http://guidesmedia.ign.com/guides/9846/images/slowpoke.gif https://imgur.com/M8h2ATe https://imgur.com/6ezFwG1 <cite>DrizztLink posted [p:937396192] in Banks can ... [t:78582471]...</cite> <quote>Tyranthraxus posted... </cite> <quote>I'm telling you how it is not telling you how I want it to be.</quote>Touch. </quote> ... Copied to Clipboard!
SH_expert44 04/14/20 4:44:25 PM #38:	pay your debts --- https://imgur.com/iQep35u https://imgur.com/nhHkg9L https://imgur.com/A3kur0P <cite>SH_expert44 posted [p:937396255] in Banks can ... [t:78582471]...</cite> <quote>pay your debts </quote> ... Copied to Clipboard!
AlecSkorpio 04/14/20 4:45:02 PM #39:	Tyranthraxus posted... If you run a business and you haven't issued paychecks to your employees yet and declare bankruptcy, the employees just have to kind of hope there's enough money for them after paying lenders to still cut paychecks for their work. This is why you stop working immediately if your employer misses a paycheck. I've seen like 3 people keep going for up to a month saying "they'll issue back pay when they get covered" They couldn't even get a loan to cover a week of payroll. Why would you ever think this is going to get better? --- For you, the day Skorpio graced your topic was the most important day in your life. But for me, it was Tuesday. <cite>AlecSkorpio posted [p:937396291] in Banks can ... [t:78582471]...</cite> <quote>Tyranthraxus posted... </cite> <quote> If you run a business and you haven't issued paychecks to your employees yet and declare bankruptcy, the employees just have to kind of hope there's enough money for them after paying lenders to still cut paychecks for their work.</quote> This is why you stop working immediately if your employer misses a paycheck. I've seen like 3 people keep going for up to a month saying "they'll issue back pay when they get covered" They couldn't even get a loan to cover a week of payroll. Why would you ever think this is going to get better? </quote> ... Copied to Clipboard!
BettyWhite 04/14/20 5:07:28 PM #40:	Talk2DaHand posted... I'll look it up. 5 bucks for a Bluebird at Walmart. I know you need to wait 2 weeks for your card to come in the mail to be able to use mobile check cashing, but I'm not sure about direct deposit. I love my Bluebird.. Pretty much all the basic features of a bank account except they don't let you overdraft. --- Life is pain and misery beat skeet to asian street meat <cite>BettyWhite posted [p:937397682] in Banks can ... [t:78582471]...</cite> <quote>Talk2DaHand posted... </cite> <quote>I'll look it up.</quote> 5 bucks for a Bluebird at Walmart. I know you need to wait 2 weeks for your card to come in the mail to be able to use mobile check cashing, but I'm not sure about direct deposit. I love my Bluebird.. Pretty much all the basic features of a bank account except they don't let you overdraft. </quote> ... Copied to Clipboard!
Questionmarktarius 04/14/20 5:14:52 PM #41:	BettyWhite posted... I love my Bluebird.. Pretty much all the basic features of a bank account except they don't let you overdraft. Would it be useful for fuckoff money and/or not-quite-trusted online purchases? <cite>Questionmarktarius posted [p:937398087] in Banks can ... [t:78582471]...</cite> <quote>BettyWhite posted... </cite> <quote>I love my Bluebird.. Pretty much all the basic features of a bank account except they don't let you overdraft.</quote>Would it be useful for fuckoff money and/or not-quite-trusted online purchases? </quote> ... Copied to Clipboard!
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GallisOTK 04/14/20 5:39:46 PM #43:	So even if I qualified for a check, it would probably be kept to just pay off $1,200 of the $30,000+ student loan debt I have. Peachy. --- "WHAT THE HELL'S GOIN' ON OUT HERE!?" ~ Vince Lombardi https://imgur.com/rDu2AJS <cite>GallisOTK posted [p:937399531] in Banks can ... [t:78582471]...</cite> <quote>So even if I qualified for a check, it would probably be kept to just pay off $1,200 of the $30,000+ student loan debt I have. Peachy.</quote> ... Copied to Clipboard!
BettyWhite 04/14/20 5:44:49 PM #44:	Questionmarktarius posted... Would it be useful for fuckoff money and/or not-quite-trusted online purchases? Absolutely. There's no maintenance fees like other cards of the sort. It's easy to load money onto it through multiple sources. And you can easily have multiple accounts just so as long as you pay the initial 5 bucks. And they still operate like an actual bank if you have to go about disputes --- Life is pain and misery beat skeet to asian street meat <cite>BettyWhite posted [p:937399799] in Banks can ... [t:78582471]...</cite> <quote>Questionmarktarius posted... </cite> <quote>Would it be useful for fuckoff money and/or not-quite-trusted online purchases?</quote> Absolutely. There's no maintenance fees like other cards of the sort. It's easy to load money onto it through multiple sources. And you can easily have multiple accounts just so as long as you pay the initial 5 bucks. And they still operate like an actual bank if you have to go about disputes </quote> ... Copied to Clipboard!
Questionmarktarius 04/14/20 9:40:44 PM #45:	BettyWhite posted... Absolutely. nice. <cite>Questionmarktarius posted [p:937414550] in Banks can ... [t:78582471]...</cite> <quote>BettyWhite posted... </cite> <quote>Absolutely.</quote>nice. </quote> ... Copied to Clipboard!
Unsugarized_Foo 04/14/20 9:42:11 PM #46:	The borrower is slave to the lender --- "All I have is my balls and my word, and I don't break them for anyone!"-Tony Montana <cite>Unsugarized_Foo posted [p:937414632] in Banks can ... [t:78582471]...</cite> <quote>The borrower is slave to the lender </quote> ... Copied to Clipboard!
CapnMuffin 04/14/20 9:58:57 PM #47:	The Right to Offset is always the case and spelled out in your loan note. Doesnt matter where the money came from. And is generally a last ditch effort of loss mitigation before repossession. The article is just click bait. --- Parent or parent-to-be? Come join us: https://gamefaqs.gamespot.com/boards/1027-all-things-parenthood NNID : CapnMuffin \| XBGT : Capn Muffin <cite>CapnMuffin posted [p:937415535] in Banks can ... [t:78582471]...</cite> <quote>The Right to Offset is always the case and spelled out in your loan note. Doesnt matter where the money came from. And is generally a last ditch effort of loss mitigation before repossession. The article is just click bait. </quote> ... Copied to Clipboard!
Talk2DaHand 04/14/20 10:56:27 PM #48:	Up --- "The wise speak only of what they know." - J.R.R. Tolkien <cite>Talk2DaHand posted [p:937418750] in Banks can ... [t:78582471]...</cite> <quote>Up </quote> ... Copied to Clipboard!
Bio1590 04/15/20 12:02:43 AM #49:	CapnMuffin posted... The Right to Offset is always the case and spelled out in your loan note. Doesnt matter where the money came from. And is generally a last ditch effort of loss mitigation before repossession. The article is just click bait. I'd hardly call it clickbait when it specifically mentions that the government could easily exempt it from being able to be taken but not only are they actively choosing not to they are basically telling the banks they can if they want. --- https://imgur.com/bbRWLI8 https:/i.imgur.com/S1m3po4.jpg https://imgur.com/A0BErSV https://imgur.com/7fCcfko <cite>Bio1590 posted [p:937422133] in Banks can ... [t:78582471]...</cite> <quote>CapnMuffin posted...</cite> <quote>The Right to Offset is always the case and spelled out in your loan note. Doesnt matter where the money came from. And is generally a last ditch effort of loss mitigation before repossession. The article is just click bait. </quote> I'd hardly call it clickbait when it specifically mentions that the government could easily exempt it from being able to be taken but not only are they actively choosing not to they are basically telling the banks they can if they want.</quote> ... Copied to Clipboard!
Talk2DaHand 04/15/20 12:10:24 AM #50:	Bio1590 posted... I'd hardly call it clickbait when it specifically mentions that the government could easily exempt it from being able to be taken but not only are they actively choosing not to they are basically telling the banks they can if they want. Exactly. A lot of people need that money to survive and banks are gonna keep it. Expect a huge crime wave in the following weeks. --- "The wise speak only of what they know." - J.R.R. Tolkien <cite>Talk2DaHand posted [p:937422572] in Banks can ... [t:78582471]...</cite> <quote>Bio1590 posted... </cite> <quote>I'd hardly call it clickbait when it specifically mentions that the government could easily exempt it from being able to be taken but not only are they actively choosing not to they are basically telling the banks they can if they want.</quote> Exactly. A lot of people need that money to survive and banks are gonna keep it. Expect a huge crime wave in the following weeks. </quote> ... Copied to Clipboard!
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Current Events > Banks can keep the 1,200 stimulus to cover existing debts. (+) Yeah! (+)

Current Events > Banks can keep the 1,200 stimulus to cover existing debts.