Personal Finance Found a collections bill that is 96% paid off on my Credit Karma report, but I've never heard of or paid this company. |
- Found a collections bill that is 96% paid off on my Credit Karma report, but I've never heard of or paid this company.
- Someone sent me money on Venmo asking for it back. Is it a scam?
- 401k- 1x salary by 30, 2x by 35 unrealistic?
- Need some clarification: High Value Amex customer for 40 years, ALWAYS pay on time, accounts suddenly cancelled.
- Just want to give some advice to everyone in regards to the IRS.
- Chase asking for a photocopy of SSN card to be faxed to them.
- MBA no longer deductible as business expense?
- Say I am considering two jobs, one with a 401K and one with a pension. How would I calculate the pension into my annual total compensation to properly compare the 2 positions?
- What are credit card checks and why does my credit card keep sending me them?
- How exactly does subletting an apartment work?
- Getting kicked out and I'm basically screwed
- Alliant Credit Union security breach?
- Financial Checkup
- Broken wrist, no insurance
- Emergency fund questions
- Does it make sense to buy pension years?
- Buying grandmas house advice
- [VA]Should I stop contributing to 529 and do something else to save for college?
- Drowning in Debt
- Best resource for balancing my portfolio?
- CD rates offered lower than savings account rates at same bank?
- If I had a disputed collection removed from my credit report with TransUnion do I need to submit a dispute with the other two?
- [UK/Scotland] 22y/o with dreams of emigrating to Canada, but I feel so lost and I don't know how to get there.
| Posted: 03 May 2018 07:29 AM PDT Credit Karma says the account was opened Jan 2 of this year, but I never received anything in the mail or any phone calls from a new collections agency in the past 6 months-1 year. The description on Credit Karma says it was for an ER physician. This could be related to a workers comp claim back in summer 2016. Workers comp covered one ER bill, but I was still on the hook for $700 that I eventually sent to my insurance when a collections agency was on my tail for it in 2017. This amount doesn't match the amount reported on Credit Karma from this agency, but it could be a reason why the account was 96% paid off on the report. It says I owe the agency $51 now. That same year, I also had a visit to a mental ward for a week, but insurance notified me that the stay was covered and I never saw a bill for it. My question is how I should approach this. Do I just call the company listed on my report? I can't pull a full report from annualcreditreport.com until July of this year. Can I still make them validate this debt even though its been opened and mostly paid off for 4 months? Or should I just dispute this and wait to hear back? Thanks for any help! [link] [comments]  |
| Someone sent me money on Venmo asking for it back. Is it a scam? Posted: 03 May 2018 05:27 PM PDT I received $150 sent to my Venmo account and then received a message an hour later asking to send the 150 back as it was sent to my account accidentally. I don't want to keep money that is mine but I've read about scams where someone seemingly sends money sends you money, asks you to send some back asap and then find out a few days later their original payment was false and you're out the money. Any advice on how to tell if this is a scam or how to handle? [link] [comments]  |
| 401k- 1x salary by 30, 2x by 35 unrealistic? Posted: 03 May 2018 05:01 AM PDT I am 30, graduated college in 2011 after 5 years August 2011 to March 2012 $19 hourly, no benefits. No retirement savings March 2012 to March 2015 37-45k salary Saved 10.5% of salary to 401k (up to match) $19,742 current account balance from this period March 2015 to present 60-70k salary Saved 12% to 15% of salary towards 401k $32,764 current balance And I am currently interviewing for a new job which will be in the high 80s. I'm only at 53k in my retirement accounts despite doing most of what I could. I missed the 1x salary rule at 30 by a pretty big margin and seemingly will do the same with the 2x rule I only had 30k in student loans too, plus decent employer matching at my jobs (4.5% and 6%), some people are much worse off then me. Seems to me like this "rule" is borderline only achievable to those who had college paid for or get a high paying job right out of the gate. Any thoughts? How concerned should I be here? [link] [comments]  |
| Posted: 03 May 2018 03:22 PM PDT I get a call from Amex today out of the blue telling me my accounts were cancelled. I have a platinum amex and a blue Optima card. I spend about $10,000 a month on the cards and always pay on time. I have significant assets, including real estate, a thriving business and a fairly large stock portfolio. Nothing on my credit score has changed; it's over 800. The person on the phone couldn't tell me anything other than the accounts are closed. I was suspicious of the phone call so I called Amex myself and I was told I would need to send a letter (an actual physical piece of mail) to get any further information. Checked the accounts online and they are indeed closed. Ever heard of such a thing? I had about 300,000 points that are now gone as well and I'm not really concerned about them or the card for that matter but I'm very curious what happened. [link] [comments]  |
| Just want to give some advice to everyone in regards to the IRS. Posted: 03 May 2018 11:48 AM PDT Hey all, i've been a lurker to this sub for a while, and you all have some really great advice, especially for someone who's young and paying dues for being financially stupid when I was first starting out with credit cards. One post I specifically remember was someone saying to "Actually take the time, and if you disagree with the IRS's decision on something, politely contact them. You'd be surprised." Well, as far as it goes for me, I tend to have pretty shitty luck. I like to convince myself that "you make your own luck", but nonetheless. So, as far as this years taxes were concerned, I hadn't claimed myself on my W4 - so I had expected to get a decent ~ ~return~ refund come tax season. Tax season came, and turned out the IRS was pushing an inquiry on me, and asking for repayment on my 2016 return, in regards to my school amounts. ( I used Tuition assistance, it's a military benefit on the Guard/Reserve side of the branches.) I don't make that much right now- and they were asking for me to hand over $600. I'm just as of recently unemployed, and am pushing to try to get into the software development field, which hasn't been fruitful quite yet. Naturally - I was beyond pissed - yet I kept it cool, transferred just about all of my current year's After I calmed myself down, wrote my letter for an appeal, stating the time spent on the phone only to be booted - and that I wanted to speak my peace - and mailed it in. I was eventually contacted, and asked to provide the details on my actual expenditures towards school - including books, online course fees, in total. I replied kindly, thanking the agent for their time and attention to my case in my reply letter - which I faxed in. To end this long story - after another fax or two, and hope being lost and expecting to fork over that wad of cash - I received the letter in the mail today, stating the IRS is dropping their inquiry, and no balance was owed to them. I get to keep the $600. Definitely take the time to speak your peace with the IRS, believe it or not - they DO listen, and are willing to work to help you, if you're respectful. tldr: If you have an issue with the IRS from your taxes, don't take the punishment blindly. Speak your piece, and you may be pleasantly surprised. Sorry for the long post. Edit: words Edit 2: reddit mobile isn't respecting my strikethroughs, so, forget it [link] [comments]  |
| Chase asking for a photocopy of SSN card to be faxed to them. Posted: 03 May 2018 04:55 PM PDT Hi, I've got a decent credit score ~730 -ish with a puny credit line of $2k from BoA. I recently applied for a Chase preferred card, for the benefits, but they sent me a letter seeking a copy of SSN, Utility bill and Driver's License to be faxed. Is this a normal practice? Which at this point is a bit of a turn off for me. Whats the best way forward? Is Chase a 'good bank' ? Should I look elsewhere? [link] [comments]  |
| MBA no longer deductible as business expense? Posted: 03 May 2018 08:36 AM PDT I started an MBA program last year and deducted my tuition on my 2017 taxes as a work expense. I heard someone say that you can no longer do that under the new tax changes. Is that correct? Thanks. [link] [comments]  |
| Posted: 03 May 2018 09:48 AM PDT Say I am considering two jobs, one with a 401K and one with a pension. How would I calculate the pension into my annual total compensation to properly compare the 2 positions? Edit: With the understanding that pensions are unreliable. Also, consider the pension position as a municipal/state/federal job [link] [comments]  |
| What are credit card checks and why does my credit card keep sending me them? Posted: 03 May 2018 03:09 PM PDT I have a business credit card through Capital One and an old personal credit card from Wells Fargo (I don't use that one anymore but keep it open since it's my longest credit line). Both cards have sent me these "transfer checks". I can write the check for up to $10,000, but I don't have to pay it for 18months with 0% APR. There is a fee (I think 2%?) for using the checks. What are these and how are they different from just using my card (besides the lower APR)? Wells Fargo only sent it to me once and I ripped them out and through them away. But Capital One keeps sending these (once every 1-2 months). I keep destroying them, but is there something else I should be doing? Is there a way to request not to receive these? Thank you! [link] [comments]  |
| How exactly does subletting an apartment work? Posted: 03 May 2018 12:29 PM PDT My girlfriend and I are going to be moving in together soon (yay). She has about 6 months left on her lease, which is a 1 BR with very reasonable rent for our area. She has a friend who would be interested in taking over her lease for the remaining 6 months. My GF contacted her landlord and they said "that's fine, we'll have to run the standard credit and background checks on your friend and you'll be charged the lease break fee and then she'll have to sign a new lease" (which is 1 month of rent). What the heck? Isn't this why people sublet apartments in the first place - to avoid breaking the lease? Not to mention that the friend isn't guaranteed the current price, and doesn't want a 12 month lease. This doesn't really sound like "subletting" to me. I haven't read my GF's lease, so perhaps subletting is explicitly prohibited. But I've actually never been through this process so I'm not sure. Is this sort of thing typical? [link] [comments]  |
| Getting kicked out and I'm basically screwed Posted: 03 May 2018 07:59 PM PDT My landlord is fixing up and selling his house and needs me out by June 1st. I just looked at a bunch of places and there is nothing cheaper than 900$ a month plus electrical. My rent is due at the end of the month and the best candidate needs rent the first of June plus damage deposite of equal amount. I have no savings, and the only pay cheque I'll get before then will be $1500. I make 1500 biweekly and my gf make about 1100. We both have vehicle payments. I really dont know what to do here. [link] [comments]  |
| Alliant Credit Union security breach? Posted: 03 May 2018 09:10 AM PDT Not sure if this is the right place to post this, but I learned about Alliant through this subreddit so I thought it might be useful info. I just checked my account and found I had 6 $20 charges from Ronald McDonald House on my account. I called to report it and they said lots of people had been calling about this issue. The rep even said that many Allaint employees had the same charges on their accounts. It seems like they have had some kind of security breach. I'm kind of concerned that no emails were sent out notifying account holders of this issue. Check your accounts! [link] [comments]  |
| Posted: 03 May 2018 07:29 AM PDT Hi all, Some big life events have happened, so I want to check in and see how my wife and I are doing financially. I think we're in decent shape, but it's always good to run it by someone. Profile
Income
Assets
Life Insurance
Debts
Monthly Budget
After our credit card is paid off (end of this year, give or take a month), we plan to do some combination of taxable investing (for a future home upgrade) and more aggressive repayment of our student loans. Looking forward to hearing some thoughts! [link] [comments]  |
| Posted: 03 May 2018 11:39 AM PDT Broken wrist, no insurance What's up y'all. I broke my wrist snowboarding on Monday. Not really sure what to do anymore. My mother passed away about a year and a half ago and I was under the assumption I would stay on her Medicaid until I was 26, regardless if she was alive or not. Well turns out my Medicaid expired last September and I make too much to qualify. So I'm waiting on a huge bill from the ED. Also going to need surgery on my wrist (4 fractures), which who knows how much will be. I went to see the surgeon and they were going to charge me $250 just to walk through the door. Pretty shitty situation here because I see 2 options; go broke, or go with a broken dominant hand for the rest of who knows hahaha. If anyone has any advice please let me know, I'm 20 years old in Colorado and I made about $26000 before taxes last year, if that helps. [link] [comments]  |
| Posted: 03 May 2018 07:32 PM PDT I have 14k in my emergency fund and I am now in a position to start contributing to it more aggressively. Here is my current situation: -Wife and I make 125kish/year combined. -We have a 1 year old, no more children planned. -Our CC debt is pretty low and cars and student loans are almost paid off. -We don't have a house, we rent. We would like a house in the very near future but our market is shit. Questions: -I have heard the six month recommendation often, is that still a good length of time for a fund? -I imagine that it's 6 months worth of expenses and not income because if that was the case, it would be a pretty high amount. I imagine I should only budget for the basic bills that I would have no option but to pay. Cable would be canceled, for instance. I would like to hear opinions on what else is expendable here. I don't have a lot of bills but they are expensive, rent is 1500 and daycare is 1000 so that's 2500 right there. I need a phone to receive calls, need internet. I think the only thing I could drop would be life insurance but wouldn't it be more expensive when I redo it? Maybe I keep my kid at home so I save 1k. Assuming that one of us lost a job. -What's a good timeline to hit the goal? I've heard that ideally I should try to accomplish my goals concurrently so would it be better to stretch out the timeline so I can put money into other things like a 401k? Other thoughts/suggestions? Thanks. [link] [comments]  |
| Does it make sense to buy pension years? Posted: 03 May 2018 04:33 PM PDT I work for a school district and can buy service credits which would increase the amount i receive when i retire. Buying 5 credits would cost me 80k and give me an additional 900 a month when im 62, im currently 42. Im having trouble working out if its worth it. [link] [comments]  |
| Posted: 03 May 2018 03:12 PM PDT Our Grandma is very sick and not given much time left. She rents her 2nd house to our cousins. Long story short is she wants to sell her 2nd house estimate value of $135,000 in New Britain CT to our cousins for $70,000. She doesn't have much money left for medical bills and is worried about estate issues once she passes. Our cousins don't have the best finances and want to buy the 2nd house to get her money for her hospital bills and to buy the house that they live in and rent from her. What are their options beside traditional mortgages? 2nd house is fully paid off, no mortgage. Edit: clarity [link] [comments]  |
| [VA]Should I stop contributing to 529 and do something else to save for college? Posted: 03 May 2018 08:14 AM PDT I opened 529s for my kids in December of last year. Ever since then, the account values have consistently been lower than the invested cash. Nothing too extreme, usually less than 10 dollars, but the whole reason I started these accounts was to have them grow, not shrink. At this rate I'd be better off putting it in a savings account instead. The only plus side is I can deduct contributions up to $4,000 per account per year with an unlimited carry forward to future tax years. Currently my son's (4 years old) account is an age-based with 70% stocks and 30% fixed income asset allocation. My daughter (7 months old) has two: an age based and stock index with 80% stocks and 20% fixed income allocation and 100% investment in Vanguard Institutional Total Stock Market Index Fund respectively. I've looked at other portfolios that I can switch to and almost all of them have negative YTD returns as well, so it's not just the ones I have invested in. Should I just wait this out and see what happens? I was thinking about just throwing money into savings and then opening Roth IRAs when they are able to get jobs in high school as an alternative. [link] [comments]  |
| Posted: 03 May 2018 09:42 AM PDT I'm sure there has been a lot of posts like this but it's more to vent then anything else. I'm at my whits end with my student loans and have lost hope as to what to do. I have been faithfully paying my student loan debt for two years now and have had to go into a income driven repayment plan for the bulk of it. Over these two years I've paid Navient over $8k and have so far managed to have my loan debt increase by $27k, meaning bigger payments that I can't afford all while I just keep getting more and more debt. What the hell do they expect me to do?? Just in case you were wondering I currently work a full time job at $19/hr and have even been using spare time to try and make some money with handcrafts in Etsy and find a better paying job. I live in Helena MT in a trailer park with a soon to be $305 lot rent, $125 utility bill, $65 internet bill, $341 car payment an unemployed wife and they expect me to pay just shy of $600 a month all while increasing my dept forever.... I just have no idea what to do... To answer questions in comments: Let me preface this information with the fact that I know that to get to this point mistakes were made and some of it was bad advice and direction and other parts were my own bad decisions. I don't need to be told that I shouldn't have done A or B, I already understand that completely. I'm just looking for a way out. I currently owe $130,279.10 in Student Loans: $62,625.48 - Federal Unsubsidized 6% interest $8,656.32 - Federal Subsidized 6% interest $20,388 - Signature Student 7.750% interest $9,047.43 - Signature Student 7.875% interest $16, 015.41 - Signature Student 7.875% interest $13,546.46 - Signature Student 7.875% interest My wife is looking for work and has been unsuccessful in finding any, is why she is unemployed. The degree I got was a BA in History and yes I know, I don't need to be told the uselessness of that degree nor did I TRY to get that degree. I fell into that degree because at one point I was so in debt I decided to get out of college the fastest I could and that happened to be the degree I was the closest to achieving. Again I know what a bad decision is and I don't need to be reminded. I'm 30 by the way and am not looking to waste the decades of good health i get working 3 jobs, and I get that this may seem unreasonable but working 40 hours a week full time plus the 20 or so hours I try to make money on the side is plenty. I'm sorry if I sound angry or unreasonable but I do appreciate the advice and help it's just a frustrating situation I wish I never got myself into. Sorry if this doesn't flow well I never post on reddit but here's another edit: Thank you everyone for your advice. I'm going to keep at it, hopefully some good things start to happen. I recently had an interview for a better paying job in Bozeman which will give my wife some better opportunities. I will start looking into some non profit work for the loan forgiveness option and see what that all takes and into maybe some more lucrative side work. This may seem silly but the side work I just recently started is actually woodcarving which I then try to sell on Etsy. I know that it's not the best option for money making but I chose it because I really enjoy it and I've been trying to reduce stress. It's difficult because at the same time I want to pay this debt off quickly before it becomes too much I also don't want to make my life miserable because life is too short and for all I know I don't have long left. Might sound dramatic but it's all too true. Thanks again for the advice! [link] [comments]  |
| Best resource for balancing my portfolio? Posted: 03 May 2018 07:22 PM PDT So I'm 20 turning 21 later this year, and I'm in a situation that will allow me to start saving for retirement. I've got a TSP account, and am saving 10% of my base pay, with 5% matching from the government. The government gives you a few mutual funds to invest in, but everyone I've talked to has told me to just use the L cycle fund(basically just invests in all the funds and balances based on how much time you have until retirement), which works for now, but i really want to learn how to properly balance my portfolio myself so that when I'm out of the military and don't have that option anymore, I'm not clueless as to what to do. Are there any online courses or resources i can use to learn how to manage my retirement account efficiently and get the best interest rates? I've had trouble finding anything with specifics, they all just say to diversify and rebalance every 6-12 months, without going into detail. [link] [comments]  |
| CD rates offered lower than savings account rates at same bank? Posted: 03 May 2018 07:14 PM PDT Looking for a better return on some cash, I couldn't help but notice Ally offers only 1% on 3 month CD's. If I can get 1.5% currently in their savings account, why would I choose their lower term CD's? Do CD's offer any other benefits? Just curious.. [link] [comments]  |
| Posted: 03 May 2018 03:12 PM PDT I submitted a dispute on the only collection showing on my account ($57) with TransUnion, it was removed and gave me a significant bump in score. I also did it from Experion and it was removed. The process from Equifax wasn't as seemless or easy for my to submit (maybe it's just me). I'll still do it if I need to but what I'm essentially asking is, is the removal from my whole credit report or just with the individual reporting agency. If the other two have removed it will it eventually stop showing on Equifax or do I need to keep following up? [link] [comments]  |
| Posted: 03 May 2018 11:55 AM PDT Hello! I don't really know where to begin. Two years ago, I graduated from uni with a 2:2 BSc (Hons) in Marine and Freshwater biology, not because I was incompetent, but because I lacked discipline and only studied the night before practically all of my exams, and began writing up coursework - including my dissertation - within two days of the deadline. I'm kicking myself for not taking it more seriously because I don't know if I'm not hearing back from employers for not having a higher grade. Since then, I have become a fully qualified scout leader, I volunteered during a couple of summers while at university to help a PhD student and a Master's student with their own projects and learned some skills along the way (siene netting, blanket drags, etc.) as well as at my old primary/elementary school two days a week for 7 months. I had a couple of retail jobs, moved to a new city and started renting for the first time and I was accepted into teacher training (PGDE), but dropped out because I realised that, as much as I love children and teaching, the school system and the politics that come with it aren't for me. I fell into a period of depression from the stress, shame and self-criticism since November 2017. About a month ago, I started self-help exercises and I started to learn discipline from that famous reddit thread on r/getdisciplined regarding the three states of "ME" and how you should do your future self a favour, with a small thanks in return. It's now May, and I finally feel almost back to normal. However, during that time, I wasn't working. I was living off of student loans from SAAS to cover my living expenses, so I have ~£20K in SAAS loans. Now that the lease on the flat is almost up, I'll be moving back in with my parents. I'll be paying ~£100/mo for rent, food and utilities, so saving money shouldn't be a problem once I get a job. The thing is, I'm not hearing back from employers and I have a bit over £600 in the bank. So, my main questions are:
And if I've missed anything, please ask! I'm going to be watching this thread! Many thanks! [link] [comments]  |
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