Poor Person's Quesstion

[NADINENURSE]

EVIL EMPLOYER LEFT A FEW THINGS OUT !! When I went to work today I told the administrator of the facility I work at that I could not work any longer including the "upcomming promising to be horrible Sunday" as I had to resign my perdiem status to cash in my 401K to help me thru this major financial crunch. THEN THE POOP HIT THE FAN!! The director of the facility indicated to the administrator in no uncertain terms that if I no longer worked there life would be extremely difficult, than I recieved a MIRACLE phone call from human resources that I could get a loan against my 401K, I would not have to quit my perdiem status, and I could still work "the horrible shift comming up this Sunday", that no one else but me has agreed to work. Isn't it amazing that all of a sudden after several weeks of this stress and trauma, that Human Resources came up with this? Turns out this option was available all the time, they just never told me !!. SO, I have done so, and hopefully, this loan will come before I leave. AND..., the best of all, is that all of the posts here have made this all, somewhat, more tolerable, thanks to all for your posts and suggestions !! I'll write back if, and when I actualy get this loan. Just think, if EVIL EMPLOYER, had told me about this weeks ago, as they should have, we would have never had this interesting thread to read.LOL

 

[LMC]

I used to work at a bank and did the programming for "Float" assignments on checks. The check would probably take 3 days to clear from Florida to New York (if they do not do everything by imaging and electronically now). Alot of business run a check through their registers just like a debit card (if they do this, they immediately hand you the check back; anyone experience this at a Disney resort? That is just an if.) And, if banks and the federal reserve still send the original check to the bank it is drawn on it would take the 3 days. (I got out of banking 12 years ago and alot has changed but I know that wherever I write a check, it still comes back to my bank to be included in my statement. Make sense?) The best thing to do would be to give a friend and deposit slip and see if they could make the deposit for you. Your former employer could do a direct deposit too. It is, dare I say it, illegal to float funds.