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Money and Finances
Reply to "Shut down could not have come at worst time withdraw. Some tap "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]How does delaying (or even missing) one paycheck create this problem? If you owed 20k and for some reason need to pay it back immediately, one paycheck wouldn't make that much of a difference.[/quote] Another scenario that I heard a coworker trying to figure out is that the OPs cards are maxed. My coworker is in this boat. Her husband is on furlough and their cards are pretty much maxed out because of Thanksgiving travel and Christmas. She was on the phone the past few days with different cc companies and relatives trying to make it work. They have her paycheck but it won't even cover their mortgage. [/quote] yeah, it's a bad time of the year for a shutdown for people because most people do spend a lot more at the holidays. there's seasonal variability in spending. that's why delinquencies go up normally in January. but it's a lot worse if you're not getting the paycheck you're entitled to.[/quote]
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