by careinke » Tue 15 Jan 2019, 20:06:07
$this->bbcode_second_pass_quote('vtsnowedin', 'I')'m surprised that the local banks across the country that have Federal employee customers with direct deposit of their paychecks have not offered automatic payday loans equal to their usual check for say one percent a month interest. A nice gesture and good for customer relations with about as low a risk as any loan they could make.
Back in the 80's when I was in the service, and a shutdown was threatened, my bank sent me a letter beforehand saying they would automatically give me an interest free loan on payday. Fortunately, the shutdown never happened, but the thought made a very good impression.
This is what my current credit union is offering to its affected members:
$this->bbcode_second_pass_quote('', 'S')ound is proud to stand with our members and community through all waves of life. If that includes an impact to your income due to the government shutdown, you may qualify for some flexible options through our Member Support Program including special loans or payment terms.
Program Options
Free Skip-a-Pay
90-day deferred loan at 0% APR, no credit check required
Waived early withdrawal penalty on existing Certificates
Sound is available to discuss and explore options that best suit your needs during this challenging time. For more information, contact us in the way that’s easiest for you.
So at least one credit union is stepping up to help.