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My Mom has Alzheimer's and my sister and I started taking over her finances and discovered she was overdrawn nearly $600.00. We went to the bank and were told that as a last resort only, our bank offers a "fresh start". This allows them to take out so much per month for six months, but zeroed out her account, so that when her check went in it was not eaten up with that negative balance and fees. I don't know if all banks offer this, or if you have to have a direct deposit set up (which I think most people do) in order to do this or what all the rules are, but it is interest free with her bank.
If there is no other alternative and you are in dire straits, ask your bank if they have something like this in place. I can see why they wouldn't advertise this, but in today's economy, so many people are behind.
Source: Discovered this yesterday from a very helpful bank employee.
By Karen from Union, SC