Confessions of a Laid-off Lawyer

Just Your Average Joe Blogging Away His Debt—In One Year or Less

Posts Tagged ‘Lateral Link

Living Wage

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Total Black: $3,956.23
Total Red: $270,710.31

President Obama signed an extension of unemployment benefits today.  Somehow I missed the news that Congress revived the issue and then passed it.  Last I had heard, Republicans blocked it.  And the media rang its death knell.  While driving home from work today I heard debate on NPR about extending unemployment benefits.  A year ago I was still collecting unemployment.  Keep reading . . .

Small Town Boy in the Big City

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Total Black: $22.71
Total Red: $230,281.21

Again Bank of America has walloped me with insufficient funds fees.  This time I don’t even know for sure just how.  A few days ago I received an email notice from Barnes & Noble alerting me to some difficulty processing a check card transaction.  A few months ago I purchased some items on Barnes & Noble and it slipped my mind that one of them wouldn’t be available until the Fall.  I didn’t have enough money in my checking account to cover the transaction, so I figured I’d just let the order be canceled as Barnes & Noble suggested might happen if I didn’t update my order information.  Besides, I’m in savings mode now and those items were purchased before I began this project.  A day passed and another email alert arrived reminding me once more of the inability to complete the transaction.  And again I passed on it (not that I would have had money from anywhere to pull to cover the approximately forty dollar transaction).  The next day a new alert arrives thanking me for my purchase and providing me with the tracking number.  Huh?  I checked my checking account but no pending transaction was listed.  I figured that perhaps it was some other credit card I had used that suddenly became available.  I didn’t really care to go investigating.  Today I got alerted of insufficient funds fees and saw that somehow Barnes & Noble force through the order or Bank of America authorized it despite the lack of funds in the account.  This time, I will get my money back.  I’ve printed out all of the insufficient funds fee notices for the past month and I’m walking into the branch office near my job.  As Ron Lieber of the New York Times reported that “[b]eginning Oct. 19, Bank of America will stop charging any fees for customers who overdraw their accounts by less than $10 in a single day.  It will also limit the number of overdraft fees it charges to four a day, although the bank will continue to charge a fee of $35 per overdraft.”  Unfortunately, it looks like the bank is trying to garner as much money as it can before its new policy goes into effect. Keep reading . . .