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Of course they can. A bank would have no problems giving out loans given the pay is coming eventually.
by fracus 11mo ago
Of course they can. A bank would have no problems giving out loans given the pay is coming eventually.
- hshdhdhehd 11mo agoCitation? Who is giving unsecured pay day loans on unknown payday? If they did what would the interest be? 1000%?
- AirMax98 11mo agoI worked at a payroll backed loan company and can say there is not many people in the space, for many good reasons. These banks do not exist.
- nobody9999 11mo ago>Citation? Who is giving unsecured pay day loans on unknown payday? If they did what would the interest be? 1000%? I'm not a Federal employee and I don't know the details, but there's a banner on my bank's (Chase) website (after you log in) suggesting that they have mechanisms to assist those who aren't getting paid. What those are, I have no idea. It may well be high interest loans or no interest loans. Or it may waive fees on overdrafts. Again, I don't know. But banks are taking note and communicating with their customers about it.
- hshdhdhehd 11mo agoI see. I imagine its good PR like that cafe giving free lunches in DC.
- bashtoni 11mo agoI hope these hypothetical banks will also be giving these theoretical indefinite loans interest free.