So with the new regime executive order declaring it essentially illegal to be unhoused, people at risk might be thinking, “how do they classify me as homeless if I am surfing between friends or family or shelters?”
One of the big answers to this is the practice of debanking. If your financial institutions catch wind that you don’t have a stable address, they will try to close your accounts and send your balance as a cashier’s check to your last legal address. At-risk people understand the many, many scenarios where even just this process could be devastating.
Some unexpected ways you can get de-banked:
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your apartment doesn’t have a legal address
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you lose home owner’s insurance or your coverage changes and your bank decides it doesn’t like that
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your building’s owner defaults
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fire
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flood
You may be at risk and just now realizing it. If you have an MH diagnosis and you don’t have two back-up legal addresses, you are on this Ex O.
Anyway, do not get debanked. Have legal address back-up plans EVEN IF YOU TRY TO FLEE THE COUNTRY because you do not want the regime classifying you as someone they want to put in the camps.
Sorry for another US-centric post.
Your value is your money and what money you bring in for your employer and taxes. That’s it. If they can’t have access to your money in some way, you are a non-person to them.
Ehhh you are correct but some people might think that having $15,000 or $25,000 USD on hand, active direct deposits going would be enough for them, no.
You need to have “fuck you” money, like you need to be able to immediately buy an address to be immune to this. Many landlords will not rent to you without bank statements. You cannot buy property without an address unless you can do it in cash.