Reply to How Can We Help?

Forum Index » Money and Finances

Reply to "How Can We Help?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I am a not-yet-furloughed fed, but have a team that is mostly furloughed but still working employees (different funding lines…)
First, feds have a TON of resources.  Most banks are offering no interest loans matching their normal paycheck.  I’ve heard some say they don’t want to impact their credit score… but honestly, it is better to pay bills on time and have a no interest loan than to be late on the bills.  Plus, when it comes time for a major purchase, these loans can be explained – “I was a furloughed federal employee.” I know one employee took a part time job on the weekends.
That said, for this office of mostly furloughed but still working federal employees – the team set up a mini-food bank that those of us that can are donating to.  We did a pot luck last week – with those of us can brought in most of the items and brought in enough for some of the junior employees to take some home.  I am providing them a luncheon next week – deli trays from Giant (sandwich tray, wrap tray, hummus tray, fruit tray, vegetable tray)  - and ordered enough that they will have some to take home.
On top of that, I am dropping off 8 bags of canned food to my local food bank.
 [/quote]

DP, I just need to clarify that no, "most banks" are not offering interest free loans. Federal employee credit unions have offered loans in the amount of *one* paycheck if you already had  direct deposit with them before the shutdown. If you didn't direct-deposit with a CU, you don't get anything, and if you did then it's limited to one paycheck when we're now missing multiple checks.

I personally can afford groceries for now but I am grateful to PPs who want to help others, and don't want them to think it's unneeded. It's going to be a lean holiday season even for me. [/quote]
It is most major banks. Bank of America, Chase Bank, US Bank, Truist, Wells Fargo all have programs - you have to (shock) actually call and inquire.
I am a member to both Navy Federal credit union and USAA. Both are offering no interest loans. You get one loan for each missed payday. Not “one loan and that’s it”. 
And honestly, everyone knew this furlough was coming. It’s not our first one and it’s not our last one. Why anyone wouldn’t belong to a bank that assists its members of beyond me.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics