Personal Finance A company I'm doing freelance work for sent me 100k too much |
- A company I'm doing freelance work for sent me 100k too much
- Employer is interviewing for my position in an attempt to understand the market?
- Yesterday someone walked into a Bank of America and withdrew all my money. Going forward what can I do to avoid a situation like this?
- Dental office threatens to call collection agency on me for $50 today
- Credit card debt is at a record high despite scores being higher. The average household with revolving debt owes $16883. Remember credit card debt is always bad debt and should be paid off in full monthly.
- If my husband pays child support to ex, will filing jointly make my income considered?
- How do I know the difference between helping my family and enabling them to live off my money?
- Celebrating the small victories
- Warning for DOE Student borrowers that pay through MyFedLoan-
- Do you live at a different address than where most of your mail is directed (e.g. students)? USPS has a program that might interest you.
- Seen in /r/EatCheapAndHealthy: The forgotten part of saving money on food...
- If student loans are forgiven after 20 years, then wouldn't it make sense to not pay them since they would eventually be forgiven?
- 66 Credit Cards, 300K Debt from Spouse, What do I do?
- How to invest with vanguard Roth IRA
- Debt Collector Attempting to Collect a Debt From Someone Else, Reported on My Credit Report.
- Bonus W2 help
- Is Ally really worth it?
- 401k - After Tax Contributions vs. Roth Contributions?
- I own my house - what do I charge my boyfriend when he moves in?
- I need some advice with my credit cards and debt affecting my credit score please!
- Barclay's Savings increased to 1.5% APY
- So standard deduction for married was more then itemized.
- Filed taxes, forgot to include interest earned on savings/checking
| A company I'm doing freelance work for sent me 100k too much Posted: 24 Jan 2018 04:14 AM PST So a small company in China that I've worked with the past few months has sent me the payment for my freelance work, but they accidentally wired over 100k (some odd number, not 100k on the dot) too much. This is the first time I've ever worked with them and this is the first payment that I've ever received from them. They sent it from Hang Seng, a Hong Kong bank, but the company itself is in Shanghai, idk if this is out of the ordinary or not. They notified me of the mistake immediately after they sent the money and told me it was suppose to be for an American company, but I live in Canada. I asked them how they could make that big of a mistake when my payment is supposed to be vastly smaller and I'm in a different country, and they said their finance guy got it mixed up and basically yolo'd it or something. They're asking for me to wire back the difference now. The whole situation is a little strange to me. Now, I've heard of scams with a similar premise before, and I think they're probably not out to scam me, but considering they accidentally sent over 100k to the wrong guy, I don't wanna get fucked somehow by their incompetence if not malice. I've already spoken with my bank through the phone and in person and they've given me different answers. The person over the phone suggested the safest way for me to give the money back is to tell them my bank can't do anything and see if they could speak with their bank and somehow get the transaction reversed on their end, whereas the branches I've visited in person said the sender can't reverse it on their end, so I have to send it back myself, with the sort of attitude basically telling me to "get fucked kid we're not liable if anything happens". I think I'm done with TD after I get this sorted out. So logically speaking, you'd think banks would be able to reverse international wires for exactly these sort of mistakes right? They can reverse it, right? So for now, I've told them to check with their bank first and see if they could get the transaction reversed. What's my next step if they say they can't? How do I protect myself for the worst case scenario? In what ways can they fuck me if they tried to? Edit: The account they sent it from is the same account they're asking me to send it back to, so there's nothing strange going on there, at least. [link] [comments]  |
| Employer is interviewing for my position in an attempt to understand the market? Posted: 24 Jan 2018 04:36 PM PST The company I've invested 8 years in, in an effort to understand the market, did the following: 1) told me they were going to interview people for my job, but it's not a real job, they are just trying to "understand the market" and hope to learn by interviewing people who are applying for it. 2) placed an add on our career website advertising the (my) position 3) announced to the rest of the management team they were doing 1 and 2, but told them not to worry, they aren't really looking for my replacement 4) announced to the rest of my division in a meeting today, that they did 1, 2 and 3. Needless to say, i find it offensive that they are doing this. First, I think it's wrong to interview people for a job that doesn't exist, in the hopes they divulge information about their current employer's best practices. Two, it undermines me with my subordinates and co-workers that they are interviewing for my position, regardless of the intent. Three, inside and outside of my organization, I've had people asking me if I'm leaving and I don't really know what to tell them. I find this embarrassing, dishonest and offensive. But before I fly off the handle, I would love some feedback from you folks to try and decide what course of action I should take. I did inform my manager that I'm offended by this, especially after he decided to announce it to the rest of my division in a meeting today. He called me and left a voice mail offering to discuss it further, but I told him I had plans tonight and would rather discuss it in person tomorrow. Any advice/thoughts you're willing to share would be appreciated. In 20+ years in this industry, I've never head of a company employing this tactic. [link] [comments]  |
| Posted: 24 Jan 2018 12:21 PM PST Yesterday someone used a debit card to withdraw money from my checking account. I am the only person authorized to use it and there has only ever been my one card. They also walked into a Bank of America and a teller gave them everything in my account. This all happened several states away. I've reported this to BoA and the police and it's a waiting game now. I think I have sufficient credit to make it through a few bill cycles, but my main concern is what I can do better to avoid another situation like this. [link] [comments]  |
| Dental office threatens to call collection agency on me for $50 today Posted: 24 Jan 2018 04:04 PM PST Hello everyone. My wisdom tooth has been bothering me for awhile now. I found an oral surgeon office from my dental insurance website (Delta Dental). I scheduled an appointment for this morning. I have previously provided my social security and basic personal information via phone for them to verify with my insurance. Since it was my first visit, so I had to complete several forms like HIPPA and basic medical history. The front desk lady informed me that she still couldn't find my information on the insurance website and asked if I have my insurance card. I provided her my full enrollee membership documents, which contains everything. When she was still looking for my insurance information on her computer, a dental assistant called me in. I asked the dental assistant if my insurance was ready, the front desk lady said no, she was still working on it. I explained that I wasn't comfortable to receive any service or procedure not knowing if they can really accept my insurance. I wanted to avoid any out of pocket cost. The dental assistant didn't respond to my concern and asked what I needed to get done. I answered that my wisdom has been bothering me. She said that I need an X ray, which I explained that I have one done in 2016 with my old oral surgeon. She said I still needed one. She then proceeded to put a protective jacket over me. After it was completed, a female and male staff walked in and asked about the progress. The dental assistant said my insurance still wasn't ready and a second front desk staff came in to check on my insurance again. I showed her my enrollment document on my phone again. I asked if they really accept my insurance, she reviewed the document and answered "yes we do accept this" firmly. After 5 minutes, the first front desk lady came in and said they don't take it and it would cost $550 to have my extraction done. I informed them that I will seek another office. She said I couldn't leave unless I pay $50 for the X ray procedure. I declined because I didn't have cash and also because I already expressed discomfort getting any treatment and procedure done before the front desk could figure out my insurance eligibility. Also, I explained to the dental assistant that I already completed an X ray in 2016 and she didn't tell me about possible charges regarding X ray when she knew that front desk was still checking my insurance. Also, I double checked with two other staffs if they truly take my insurance after providing my enrollment document in more than one instances, and the answer was "YES". The staff called in a manager and things got really ugly. I complained about the situation that it wasn't fair for the charge. She threatened me that she will ruin my credit by sending the bill to a collection agency if I didn't pay today. I explained that I didn't feel comfortable paying it. I needed time to think about it and in the meantime, she can send me a bill. She said no. It must be paid today right now in person. I asked if I could at least see the bill and she refused. She continued to taunt that my credit will be ruined and she is not responsible for anything the collection agency will do. I left the office in fear and now I AM STRESSED OUT about this. In the process, a staff gave me my primary treatment plan, which on the bottom I was required to sign to give consent for the suggested treatment. I didn't sign it and I don't know what to do. I'm afraid they will ruin my life. [link] [comments]  |
| Posted: 24 Jan 2018 07:02 AM PST Article here with pretty good advice. https://www.cnbc.com/amp/2018/01/23/credit-card-debt-hits-record-high.html Even though your score may be rising, it's costing you hard cash to carry a balance. Pay it off! [link] [comments]  |
| If my husband pays child support to ex, will filing jointly make my income considered? Posted: 24 Jan 2018 06:05 PM PST I got married in June. My husband pays child support every month, he is not behind or anything like that. We are trying to decide if we should file jointly in fear of my income also being considered if his ex were to file for an adjustment in child support down the road. All info I can find is about back child support which isn't what we're looking for. Any insight would be appreciated! Thank you! [link] [comments]  |
| How do I know the difference between helping my family and enabling them to live off my money? Posted: 24 Jan 2018 10:21 AM PST I'll try to be as brief with this as possible: I'm in my 30's, working as a chemical engineer making ~$110k/yr. My mom and sister both live out of state (on opposite sides of the US) and haven't made the best choices in life. I'm used to having to send money to my mom ever since I was about 19, and it never seems to end. Sometimes it would be a few hundred dollars, once I paid to help her move away from her then husband who she ended up with again in a few months, another time it was $5k for an RV that never materialized (turned into rent money for an apt). This last week I find out that she's in love with a 5th wheel trailer that she wants to live in and move to a small town. This is going to cost me roughly $15k. It stresses me out because I just don't believe this will be the last call for money and I hate having the conflict between wanting to help my mother and feeling like a vending machine. I can afford to do this, but as someone who is trying to put money into investments I feel like always having to give away money when I'm young is really going to cost me when I'm older. It doesn't help that my fiancé and I are planning a wedding for the beginning of summer, we're only 3 years into our mortgage, and both have car payments (although mine is over in 6 months or so). I don't know why my mom or her husband can't either manage this themselves or ask anyone else on either side of their family for help. Am I just being a pushover? My sister hasn't asked for help before, but she needed a vehicle so she can save money from work to move back to TX. I purchased one for her and maybe one day she'll pay me back or I'll sell the car when she doesn't need it and get some kind of recovery from that. [link] [comments]  |
| Celebrating the small victories Posted: 24 Jan 2018 07:55 AM PST Next month my fiance's 12% car loan will officially be paid off!! Each time we pay something off it feels like a huge burden is lifted! Don't forget to celebrate the small victories! It does wonders for your mental health. I know it's not much, but that extra $300 a month will be a huge help! Time to start chipping away at that credit card! Thanks /r/personalfinance [link] [comments]  |
| Warning for DOE Student borrowers that pay through MyFedLoan- Posted: 24 Jan 2018 12:18 PM PST I recently logged into my account to pay for the month. In reviewing my past statements, I noticed that several months ago, the lender capitalized a large portion of my interest without cause and without notifying me. I contacted them immediately and they told me that it was an internal error and would be rectified. However, if I hadn't caught it, it could have cost 10s of thousands of dollars over the life of repayment. If you use this system, please check that this hasn't happened to you! [link] [comments]  |
| Posted: 24 Jan 2018 08:30 AM PST I recently found out that USPS started a program (in my area - might not be available everywhere) called Informed Delivery. They scan the front of every piece of mail going to your household and upload it to your online profile. As someone who doesn't live at the address where my mail is delivered (I'm well past being a student but I've been a bit nomadic as of late and consequently still have my mail delivered to my grandparents') this is an immensely helpful service. Thought I'd post about it here since typically the most important mail people receive is financial-related. [link] [comments]  |
| Seen in /r/EatCheapAndHealthy: The forgotten part of saving money on food... Posted: 24 Jan 2018 05:33 PM PST ... is actually eating all the food you buy. Any food you throw away is still food you paid for, so it's like throwing that money straight into the garbage. I'll give credit to /u/funkybassmannick for the original post, over here. It doesn't mean eating anything that's gone bad, but it means eating things before they go bad instead of starting new food. Overall, that means that you will end up buying less food, and in consequence spending less. It can be done easily by doing frecuent inventories of your fridge, and placing leftovers and older produce in the front where they will be easier to spot and reach. I did an quick look back on the things I throw away (mostly fruit in my case, because I always overestimate how much fruit I'm going to eat), and I estimate it can be up to 10% of what I've spent on food on the last month. And yes, sometimes I started with fresh fruit, instead of finishing fruit that was older but was still fresh and that I ended up throwing away. [link] [comments]  |
| Posted: 24 Jan 2018 03:43 PM PST MAJOR NOTE: I am asking this out of sheer curiosity as a college student who has been fortunate enough to not have to take out loans and will not have to. I have no intention of trying this; I'm simply just curious. I was browsing some pamphlet given to students who take out student loans for their college (not private loans). Something that stuck out to me was that it stated that whatever amount you have left after 20 years had passed would be forgiven. Therefore, if student loans are eventually forgiven, wouldn't it make sense to defer them and pay as little as possible since after 20 years you wouldn't have them anymore? Again, this is just sheer curiosity and being asked by someone who is highly uneducated about student loans. [link] [comments]  |
| 66 Credit Cards, 300K Debt from Spouse, What do I do? Posted: 24 Jan 2018 01:41 PM PST Dear Redditors, I am seeking advice on what to do about a family members situation (San Jose, CA) . Jane and her husband Dave have been married for over 40 years. When Dave became ill at 65 years of age, Jane was forced to take over the household finances. She discovered that Dave is in credit card debt and was not being honest about where his money was coming from-- for years. Dave now has a terminally ill disease and lost many motor functions and can barely speak, but has full cognitive function. Jane requested a credit report and saw 66 credit card accounts and even a federal student loan that was taken out in their son's name. Jane and Dave own their home and Jane has her own business. She was denied for personal loans to consolidate the credit cards because the amount is a little over $300,000. Safe to say, Jane should have been more aware about her husband's financial situation but feels powerless at the moment and doesn't know what to do. Her last resort is to sell her home. Jane works 45 hours and week and now has to care for her terminally ill husband before and after work. Dave receives social security benefits of 3k per month, but his medically bills are just a much. Janes yearly income is a little over 100k per year. Her home is worth 1.5 million roughly, if she sells, she still has to find a home for her and her husband as she is near retirement age as well. I hear over the radio about companies that can argue with Credit Card companies to reduce debt, I wonder how that works? Jane said that even if she pursued a divorce she would still be liable for the debt? She's a bit shaken up at the moment and has made appointments with financial advisors. I thought maybe some of you have gone through this or have any advice. [link] [comments]  |
| How to invest with vanguard Roth IRA Posted: 24 Jan 2018 01:40 PM PST Hey, I'm 18 and I start my new job as a lasher on Monday. I start at $23.50 an hour so we'll be working 60-70 hour weeks mostly so it'll be about $1600 (1.5 overtime) a week to start off and also with a 401K. After 3 months we move to $28.50 an hour with the same hours. I only have a phone bill $230 only for the next 3 months then it's drops to $140. Car insurance $210. I also have a detailing business that I can do on days I have off. I used to want to buy a car as soon as I started but it's better for me to wait later down the road. I want to invest as much as I can so I can become a millionaire and retire early. What's the best way to do this with vanguard? I'm not really sure how much to contribute. Also staying with parents till.I'm out of college. [link] [comments]  |
| Debt Collector Attempting to Collect a Debt From Someone Else, Reported on My Credit Report. Posted: 24 Jan 2018 03:05 PM PST I checked my credit report, and it showed I had a delinquent account in collections for a JC Penney's credit card. I have never had a credit card, or attempted to get one from GE Capital Bank/JC Penney. Looking up the information, it is for someone else entirely, in a different city in the same state. I disputed the claim saying I knew nothing about it, and it was not my debt. The dispute came back, saying it meets the FCRA requirements and would not be resolved. I called the debt collection company, informing them it was not my debt, not my account, and was reporting to my credit in error. They ask for my information, then it starts to get weird. I give them the last 4 of my social, the person on the phone takes a minute, then says they will need to escalate this to their supervisor. The supervisor asks for my full social, then says it will be a 15 minute hold. He comes back to the phone, says he will answer no more questions at all regarding this, I will need to fax my Social Security card, and my State ID to a number. I asked what for, he repeated he will answer no more questions. I want to know if sending in my documents will result in them taking the mistaken claim off of my credit report. He again repeats, he will not speak to me about this issue any further. He gives me a fax number, tells me to call back 7 days after sending in my documents, then hangs up. Obviously, I do not want to send in my documents with the situation being as sketchy as it is. I am curious if they broke some sort of law they do not want to admit to, by possibly mixing up credit information, sending me mail, or if they think it is an identity theft issue. I have no other accounts or debts from an Identity theft standpoint, and a JC Penney card with a sub $500 balance doesn't seem like typical ID Theft behavior. Any insight as to what my next steps should be would be appreciated. [link] [comments]  |
| Posted: 24 Jan 2018 03:45 PM PST Sorry i missed the mega thread yesterday until it was too late! I received a $5000 bonus from my employer, of which i took home $3000 after tax. I left before 1 year passed though and had to repay with a $5000 check. My employer indicated on my W2 that i did not receive the $5000 but failed to include the $2000 in taxes that i had withdrawn. It feels like i am being taxed on income which i never received, and my reported W2 taxes withheld is being understated. I thought my tax return would just be $2000 larger. Is there special treatment for bonus repayment? [link] [comments]  |
| Posted: 24 Jan 2018 05:28 PM PST I currently have my checking and savings accounts with Bank of America, is Ally Bank really that much worth it? I don't have much money to throw around like 200 in my checking 300 in my savings Also, how would it work with Atms? I'm a delivery driver and make most of my money cash, do they take deposits? Thanks for answering [link] [comments]  |
| 401k - After Tax Contributions vs. Roth Contributions? Posted: 24 Jan 2018 05:51 PM PST I was under the impression Roth contributions were after tax, yet my employer plan offers Pre Tax, Roth, and After Tax Contributions. What's the difference between Roth vs After Tax? Which is the better option? [link] [comments]  |
| I own my house - what do I charge my boyfriend when he moves in? Posted: 24 Jan 2018 12:54 PM PST I (29/F) have owned a house since August of 2017 and my boyfriend (28/M) of 9 months is planning on moving in with me in March. Currently, I have a roommate (F/29) who lives with me and will be moving out in Sept. Currently, she pays $550 and I pay 450/month, my mortgage is $1,000. What should I be charging him? He offered paying all of the bills (utilities, internet, heat, water) and keep our rent the same but it doesn't amount to what her and I pay so that doesn't seem fair. I was thinking about each of us paying $425-450 each, splitting bills and putting the excess into an account for repairs/upgrades. My boyfriend didn't say much about that suggestion but I can tell he wasn't all about it. I haven't disclosed to either of them how much my mortgage is and frankly, I don't think it matters because we shouldn't be splitting the mortgage. Also, what I charge my roommate is a more than fair rate for the area we live in, I'm not overcharging her. What is fair? Anyone else been in this situation? Am I wrong for not wanting to split it 3 ways - am I justified? Why/why not? [link] [comments]  |
| I need some advice with my credit cards and debt affecting my credit score please! Posted: 24 Jan 2018 03:57 PM PST Hello all! I was looking for some help regarding how my debt and credit cards will affect my credit score. Currently, I have a 715 credit score. My parents have horrible debt and horrible scores, so as I become a real adult I want to make sure I keep my score up so I can someday hopefully get a house (22 right now and still living at home to manage debt and school). I have three open accounts:
I can't file my taxes yet, but it is estimated that I should get between $1000 and $1300 back, plus I am getting $200 back from my school for textbook charges. So lets say I will at least be getting $1300 to pay off some debt within the next two months. My plan was to put all of this towards the capital one debt as that has the highest interest rate. I am currently a full time student, I graduate in May and I will then have a six week full time internship, so in the summer I will basically not have a paying job, and at the moment I do not make enough at my part time job to make any dent at all in the debt besides minimum payments. My plan was that once I get a real job in my degree (hopefully) next fall, to really hit the remaining debt. I know it's only $1000 on the Chase card and that doesn't seem like much to pay off between now and the summer, but I barely make enough money now to eat anything else but Ramen for each meal, so I doubt I'll make a dent by the summer, and I know during my internship I'll have to use my credit cards. So I am mainly wondering this: in May when the Chase card starts gathering interest, would it hurt my credit score to close this card and transfer any remaining balance (will probably be $1000 I'm guessing) to a new credit card with a new no interest period? Or would closing the account hurt my score more than the interest would hurt me? A friend told me that it's possible the card may charge interest on the total balance transfer if I don't pay it off by May, but I'm not sure if that's true or not. I know this isn't a ton of debt for people my age, I am thankful to have a tuition scholarship. But this debt gives me constant anxiety. Thanks for any advice! [link] [comments]  |
| Barclay's Savings increased to 1.5% APY Posted: 24 Jan 2018 03:35 PM PST Just got an email that Barclay's Savings increased their APY to 1.5% after already increasing it to 1.4% earlier in the month. [link] [comments]  |
| So standard deduction for married was more then itemized. Posted: 24 Jan 2018 03:32 PM PST So did my taxes for the first time myself and didn't realize that my mortgage interest and property taxes didn't equal more than the standard for married couples. Actually I didn't know that's how that worked in the first place. Is there even a point to itemize at all if it isn't more? I feel like I just wasted a lot of time since it didn't mean anything. [link] [comments]  |
| Filed taxes, forgot to include interest earned on savings/checking Posted: 24 Jan 2018 03:25 PM PST I filed on Monday, the federal return was accepted yesterday. I completely forgot about the 1099 my credit union sent me for the interest my checking/savings earned (a whopping $16.87). This is the first year I've ever earned enough interest to even receive a 1099. I tried to go ahead and amend on TurboTax (I realize and they tell you that it will have to be printed and mailed, but they'll still walk you through amending it), but it says something about the IRS not being ready to accept amended returns until some time in February. So do I just sit back and wait for now? Is it possible that the return will not be approved and I can just re-file? If it gets approved as it is, do I need to bother amending? I just want to do what's right. [link] [comments]  |
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