Personal Finance Former apartment management sends me a bogus bill. What do I do? |
- Former apartment management sends me a bogus bill. What do I do?
- Questions on investing in US treasuries
- What is the difference between the selling price for a house and the tax assessment value?
- My parents did not pay taxes for 10 years. They now owe the IRS $16,000 and have 6 months to repay. They don't know that I know this and I have no idea what to do.
- Credit dip after paying off loans, how long does it last for?
- Sent a financing company the last payment, they cant find it and its due tomorrow
- If you have a prepaid debit card that you received as a reward or rebate for something, it is easy to get that balance into your bank account!
- Late for my taxes. My apartment flooded 3 days ago, dont have an extension, will finish them today. what can I do?
- Having a baby and trying to make the right decision about my debt.
- How can I retire early with 401k and Roth IRA if I can't withdraw from them until I'm 65/59.5?
- IRS is reviewing my tax return.
- It seems like moving your emergency fund around to collect sign up bonuses would made double or more the interest on most money market accounts - anyone tried this?
- Is my HSA screwing me?
- I'm 30 and recently started a new job, realized that I should get my investments in order but am a little overwhelmed by how much information is available
- Inherited vacation house--best to sell, rent, AirBnB, or what?
- What's the scam?
- Can I get a layman's explanation of small/medium/large cap funds, value funds, growth funds? (US)
- I have ignored my finances for 5 years and now I have no idea what to do (Catastrophic, or it feels that way)
- Proud New Owner of a $2,634 Debt (HELP)!
- Should I move to a new bank?
- 25 and in debt please help!
- In debt with multiple collections, should we declare bankruptcy or are there other worthwhile options? (Wisconsin)
- How do debt collection agencies contact you?
| Former apartment management sends me a bogus bill. What do I do? Posted: 16 Apr 2019 07:57 AM PDT So my former apartment management has sent me a bill for carpet cleaning and professional cleaning. I can understand the professional cleaning although I left the place spotless it could just be protocol. However, the carpet cleaning is bullshit because I left the brand new carpet in brand new condition. It was just me without any animals, I am positive that the carpet was flawless. How should I proceed? Edit: As of right now, whenever the manager quits avoiding my calls, I am going to request photos of the "mess" I left as well as receipts of the services completed. I will ask why these charges weren't deducted from my deposit as well as check my lease to see if the carpet cleaning was contractual. Thanks guys. Edit: great news, after requesting photos and receipts of the work done, the $95 cleaning fee was promptly dismissed. It turns out the $55 carpet cleaning is part of the lease agreement so I'll take that hit, but I consider this a win! Thanks for your input!! [link] [comments]  |
| Questions on investing in US treasuries Posted: 16 Apr 2019 04:38 AM PDT Hi, I invested $1000 recently in 6M treasury bills from TreasuryDirect and had a few questions that I was hoping someone could answer. I do apologize if this is not the best place for this query. Type: 26-Week Bill Par Amount: $1,000.00 Purchase Price: $987.66 Investment/Interest Rate: 2.505% Yield: 2.440% Price per $100: 98.766444 Discount: $12.34 Issue Date: 02-07-2019 Maturity Date: 08-08-2019 Number of Reinvestments: 1 1) What is the difference between the "Investment/Interest rate" and the "Yield", in this case? Since it's a zero coupon bond, my effective return is 2.49% (12.34 * 2/987.66) 2) Since I selected 1 reinvestment, does this mean the money automatically rolls over at the end of 6 months into another on-the-run 6M treasury bill? If so, I presume the yield on that would be the yield 6 months from now (ie I don't lock in the current price/return). Is this right? Thanks! [link] [comments]  |
| What is the difference between the selling price for a house and the tax assessment value? Posted: 16 Apr 2019 05:06 AM PDT If I buy a $300,000 house, is it safe to assume that the tax assessment value will be $300,000 as well? I look at houses on zillow and the tax assessment value shows as $200,000 on a house that is selling for $300,000. Is this because the house originally sold for around $200,000? Just trying to understand the property tax implication a little better. [link] [comments]  |
| Posted: 16 Apr 2019 05:22 PM PDT A lot of this information is coming second hand from my sister, so I apologize if I don't have all of the details. My parents both work in education and have been very bad with finances my entire life. They declared bankruptcy after taking a mortgage for a house they couldn't afford and for other tax and debt related issues. Both of them quit their jobs to focus on multi level marketing schemes shortly before this happened and are still involved with various multi level marketing schemes to this day. My dad collected his retirement early after quiting his tenured teaching position to start his own small business that eventually failed. My car and my parents cars were impounded because of unpaid debt (the title of my car is still my dad's name). My sister bailed them out by paying close to $5,000 to help settle their debt and to recover their vehicles. They have since both gone back into education have steady incomes, but continue to live in a large house that they rent at ~$2,000/month even though it's only my parents in the household. My sister and I have tried to convince them to downsize or move into an apartment to reduce this expense but they either can't or won't. A few months ago I was doing laundry at my parents house while they were both at work (my washer was broken and was being repaired) and a man incessantly knocked on their door. I didn't answer since I assumed it was a salesman and it wasn't my home. When I left I saw an IRS notice taped to their door. I didn't approach the subject with them but mentioned it to my sister to see if she knew anything and she did not. Fast forward to today. My sister called to update me on the IRS situation. My parents did not pay their taxes for close to 10 years. On the day of my wedding two weeks ago their accounts had been frozen. They have agreed to a payment plan with the IRS for a sum of $16,000 and have 6 months in order to repay or their accounts will be frozen again and I'm assuming their assets (cars) will be seized. My sister and I know that my parents won't be able to pay the IRS that amount in only 6 months. Not only because of their salary, but because of their expenses as well. We both feel trapped and are worried about our parents future and their ability to support themselves through retirement. My sister doesn't want to help them out because she doesn't want to enable their irresponsible behavior and become a safety net for them, and I am on the same page with her. I still want to help them, but I want them to be able to help themselves. We've decided to have them sit down with my brother-in-law as a neutral party to help them come up with a budget and financial plan for their future and figure out if there's a way to for them to make the payments to the IRS on their own. My sister and I will sit down with them separately to be open and upfront about our unwillingness to help them after how irresponsible they've been. Beyond that I have no idea what else to do. Again, they have no idea that I know and generally keep their financial problems private from me. I've worked very hard over the last few years to work out the bad financial habits that they instilled in me and I'm able to be in a steady place financially thanks to learning many habits here and through my wife, but I'm not equipped or prepared to handle this. What are my parents options? Should they consolidate through a tax consolidation company, or could that make them worse off? Should I offer to loan them money? Sorry for my rambling. Any help/advice would be greatly appreciated. TL;DR: Found out my parents owe the IRS $16,000 in unpaid taxes over the last ten years and I don't know what to do or if I should help them with their debt [link] [comments]  |
| Credit dip after paying off loans, how long does it last for? Posted: 16 Apr 2019 04:13 PM PDT Per the title I paid off my student loan and car note this January and am officially debt free (woot woot!). My score was 797 and it's been around 750 ever since. I assumed it would go down a little but just curious when it will go back up? Was hoping to finally eclipse the infamous 800 number and thought paying everything of would be a good step. I do have a couple CC on there but they are paid off monthly so is my total utilization too low perhaps? [link] [comments]  |
| Sent a financing company the last payment, they cant find it and its due tomorrow Posted: 16 Apr 2019 07:57 AM PDT So yea, payment is due on the 17th and it was "paid" for on the 9th. Bank confirmed that the payment went through, but the financing company is assuring me they haven't received it. When i called them yesterday, they told me that they'll launch an investigation and get back to me in 24-48 hours - putting that after payment would have been due. Kind of in a corner here, what should i do? I figure that trying to pay again would be a bad idea but doing nothing seems bad as well. [link] [comments]  |
| Posted: 16 Apr 2019 07:52 PM PDT Add the card to your venmo or PayPal account, send the full balance to someone you trust, and have them send it right back to you. You can now withdraw it to your bank account. No need to carry around an extra card with a balance that will never accrue interest and has no cash back rewards, when it could be in your regular bank account. I recently did this successfully with a prepaid visa rebate card from Centurylink, issued by Metabank. Also, these cards typically expire very quickly, and they tend to start charging monthly fees after a few months. All of that can be avoided and you can just get rid of the card itself if you use my method 🙂 Edit: just realized, you can skip the step of sending it to a friend. Using the Cash App from Square, you can use the debit card to instantly add the balance to your in-app cash balance, and then you can withdraw it to your bank account right away. [link] [comments]  |
| Posted: 16 Apr 2019 04:24 AM PDT Using turbo tax. I am stuck on a few of the last parts, so now I am 1 day late with no extension. what happens now? Can i explain my apartment was flooded to them? im still walking on wet floors and its documented with my landlord and renters insurance. [link] [comments]  |
| Having a baby and trying to make the right decision about my debt. Posted: 16 Apr 2019 06:54 PM PDT I'm having a baby in July. And my current debt situation is out of control. I need some advice. TLDR: Here is a rundown of my current financial position and my thoughts about how to deal with it. Maybe steer me in the right direction. I really need help and I know it, I'm just not quite sure where to turn or which resources to trust. Annual NET household income: $52,000 (I make about 24,000, husband makes about 28,000) Notes: My husband and I do not make much money. I know that the easiest advice here is "make more money". I respect that this is a reasonable solution but it is not the solution for us. My husband is a bipolar artist with literally no other documented job history who is making a serious career for himself and has sustained a consistent and predictable income for 5 years now. I run a small beverage company that is only three years old. We turned a profit last year and are set for steady and dependable growth which will guarantee my income will increase at a decent rate for the foreseeable future. Assets: House: currently valued at $250,000. NOTES: purchased with an FHA rehab loan in 2017 for $190,000, currently owe about $180,000. We have done extensive remodeling as it was on the brink of being condemned. Cars: $16,000 total 2011 Nissan Juke and 2008 Toyota Camry NOTES: I estimated costs based on Kelly Blue Book values Expenses: Notes: Our income covers our expenses without a problem. It's a tight budget with the other payments we make on debts, but I've worked pretty hard to keep this budget tight. Husband could always drink less beer and he's working on it, but there just isn't much more to cut back on than we already have. I also have a long commute (40 miles each way) which I make on average 3 times a week, so gas is a significant regular expense as well. Mortgage- $1495/mo. Notes: We currently have a part-time roommate who pays $200 a month. He moves out in September and we have a full-time roommate lined up who will pay $500 a month. So our adjusted mortgage is more like $1295 now, and will be about $995 come September. Utilities- average $450/ mo. Notes: includes electricity, internet, trash, cell phone bill Insurance premiums- $200/mo. Notes: includes car insurance and health insurance Debts: Notes: Our debts are a story of stupidity and I'm well aware of that. Medical- $5130.25 (monthly payments currently average about $150) NOTES: we just applied for financial assistance for this, and should hear back within 2 weeks. We are currently not making payments of $75 a month for some of it, and have paid it down from a total of 11,000 in the past year with some help from family and from chipping away at smaller bills that we can afford to take care of. Our medical debt is due to not understanding the plans that I chose on the marketplace- twice in a damn row. The info about which providers are covered and estimated costs for services on the marketplace are EXTREMELY inaccurate. And I did not understand that I could not trust the information provided there and accrued significant out of pocket costs because I misunderstood or was misinformed about coverage. Also- my husband had to have surgery for kidney stones last year and that did not do us any favors, even after our co-insurance paid we owed thousands. Credit Card- $8303.03 with an interest rate of about 20% (currently paying about $200/ mo) We haven't accumulated any new cc debt in years, we have just been paying minimum payments on a big nasty credit card bill that I accumulated in grad school because I got bad advice that I shouldn't take out a student loan when my stipend didn't cover our expenses and my husband was looking for a new job in a new city for 6 months. Instead I put it on a card. This assumed that the job market was stable and that I could pay the card off quickly when I finished my masters degree. As it turns out, it wasn't. I worked extremely low wage jobs for years before getting to the place I am today. I know it's best to pay more than the minimum (obviously), but it's not an option I've had. Taxes- 3948.36 (currently have a payment plan for $300/ month that will drop to $250/mo in December 2019, and be paid in full by April 2020) Our tax debt is due to my husband's inattention to his business finances. No excuse really, just didn't make estimated payments throughout the year, and was surprised when he owed a large lump sum. We have payment plans in place but essentially they suck up all of the budget we have for making estimated payments, so we are always behind by a year playing catch up instead of staying ahead of the game. CREDIT SCORES: my score: 615 husbands score: 721 Current plan: A. See what help we might get from family on taxes and medical bills, although I don't expect much. B. See what kind of financial aid we might get on medical bills. According to all the forms I filled out, we qualify for at least some. C. Sell the Camry and use half of the money to buy an old truck for about $4,000 (we super need one, we live on a farm and are currently transporting farm supplies in the Juke and it's not sustainable), use about $2000 to knock out some debt, and use the other $1500ish to do a tune up on the Juke and repair a vintage RV on the property that has a resale value of probably $5,000 if it's running. Sell the RV. B. I think we need to take out a loan to consolidate the rest of the debt. It seems like the two routes available are a home equity loan (which I don't know if we would qualify for), or a debt consolidation loan (and I don't understand how to choose one thats legit and a good deal). It seems like paying $650 a month for debts that are all disconnected is a bad plan, and that we could steer our money more wisely. But I just don't know how. What are the next steps? Goal: I need for us to have a plan in place by the time we have a baby. We do not need to pay for childcare, but we will incur probably $4,000 more in medical bills (which I should have some financial help with). I want to be proactive about the situation. I feel like we have been so reactive to all of our various debts that we don't have a comprehensive vision for how to set ourselves up for success in the future at all. Thanks for reading that novel, any advice is greatly appreciated. [link] [comments]  |
| How can I retire early with 401k and Roth IRA if I can't withdraw from them until I'm 65/59.5? Posted: 16 Apr 2019 06:44 PM PDT I'm a new college grad with no debt. I'm going to max out my 401k and Roth IRA each year, and I will be able to spend $1000 per month on investing (index funds, etc). By my calculations, I should be able to retire at about 50. How will I be able to retire early if I can't withdraw the funds from my retirement accounts until I'm 60? [link] [comments]  |
| IRS is reviewing my tax return. Posted: 16 Apr 2019 07:43 PM PDT I recieved a letter yesterday that the IRS is reviewing my tax return. Do I need to be worried or is this a normal thing? We have a faily simple tax return. I work two jobs and my wife stays at home with our two kids. I filed my two w2's with FreeTaxUSA. Everything went smooth and seemed pretty straight forward, and of course I double checked all the numbers. Obviously getting a letter from the IRS is scary though and I'm just wondering if I'm stressing over nothing or if I have a good reason to be worried? [link] [comments]  |
| Posted: 16 Apr 2019 09:59 AM PDT I got an email from Chase saying they'd give me $225 if I deposit a minimum of $15k for 90 days. That's about 5.9% interest. Looking at lists of best savings accounts, it seems like it would be easy to jump around and handily beat the 2.2% you get from Ally or similar. Anyone else doing this with their emergency fund or similar? Any pitfalls I'm missing here? [link] [comments]  |
| Posted: 16 Apr 2019 04:53 PM PDT Hey PF - last year my company forced me to switch to their (rather, the insurance company's) own HSA provider - Optum Bank. My original plan was to just take the company contribution and then transfer it to my previous HSA administrator, but of course they make that a PITA with paperwork and a $20 fee per transaction. However, Optum is structured in such a way that you are forced to hold $2000 in ~zero-interest cash at all times (IOW if you have a $3000 balance, you can only invest $1000 of it). Also, they charge a Monthly Investment Fee of:
This, I presume, would be on top of the investment fund expenses (0.04% in the case of VTSAX). But this is where I'm a bit confused... isn't the the .04% expense of VTSAX an annual fee? So the Optum charge is really more like .36%? And then there's the whole forced-to-hold-2000-as-cash factor, which makes the return even worse. Clearly I'm bad at math, so someone smarter than me please explain - is it worth the $20 fee to move my money out of this BS account? Obviously I'd have to do it semi-regularly, but maybe quarterly or annually? If I'm paying them $3/mo, I'd come out ahead if I xfr twice annually, not counting the gains I'm losing out by letting them sit on my money for 6 months. I should also point out that I'm using this as an investment vehicle and I'm not planning on actually getting reimbursed for medical expenses anytime soon. so.. lil help plz? Thanks! [link] [comments]  |
| Posted: 16 Apr 2019 01:35 PM PDT I've been reading the wiki and information from other sites but am still somewhat confused by how to secure all my assets most efficiently. I'm in the US, lucky in that I have no debt, and my current assets are: Vanguard (from previous job) Tax Deferred Savings Plan for Salaried Employees $16K Vanguard (I put in $5500 last December) Roth IRA Brokerage Account $5.5K Fidelity (from a different previous job) Retirement Plan $61K Various Banks $20K in checking/savings accounts My current employer has a 401K account through Ubiquity in which I put in 8% of my paycheck (no employer matching) and it invests in a Vanguard investment plan. My questions are:
Thanks for any input! [link] [comments]  |
| Inherited vacation house--best to sell, rent, AirBnB, or what? Posted: 16 Apr 2019 01:52 PM PDT Briefly, my wife's father passed away a few months ago, He had just bought himself a new home a few miles from the beach in FL where he was planning to retire, but now the rest of the family are trying to figure out the best thing to do with it. He was in a wheelchair, and the house had just been upgraded with a lot of mobility assistance, like ramps, accessible sinks, roll-in shower, etc. Rather than sell the house, the family is hoping they could use it as an income source, if not really to "make money" at least enough to pay for the utilities, taxes and such so that they could keep the house without it being a net cost to do so. We've been thinking about options of making it a vacation rental that would be marketed to those who could take advantage of the mobility enhancements, or having someone from the family live their part time and rent it part time on Air BnB, or finding out what other options their are, but we are all 100% ignorant of the realities of how any of those would work, if they would be financially viable, etc. If just selling the house and investing the money in something else was the smartest thing, I think they would be open to that as well, but for sentimental reasons I think that's the least desired option. I know a lot of this comes down to specifics, and probably finding a dedicated financial advisor who could go over the real numbers and give us the options, but we're not even sure where to start with that. Are there people who specialize in helping to manage this kind of situation, and if so how do you search for them? [link] [comments]  |
| Posted: 16 Apr 2019 10:46 AM PDT I'm selling a washer on Craigslist and someone responded saying they're out of town for an indefinite amount of time, they'll send a certified check for the cost plus $30 for holding it, and hire a moving company to move it. Obviously it's a scam but I can't figure out what the angle is. He asked for my full name and address, and I assume the check will bounce. What am I missing? [link] [comments]  |
| Can I get a layman's explanation of small/medium/large cap funds, value funds, growth funds? (US) Posted: 16 Apr 2019 08:15 AM PDT Looking at my 401k funds an noticed there are a lot of funds distinguished by these classifiers:
I have a general sense of what these things mean, but what do I do with this information? When would I want to invest in a value fund, or small cap fund? Are there times in my life, like when I'm young, that I want to invest in X funds and then invest in Y funds as I'm older? I'm 25 if there's any age specific advise for me (currently invested in 100% stocks, which I know isn't ideal, but as I said I just started putting money into 2 funds that looked decent so I could start getting the employer's match) [link] [comments]  |
| Posted: 16 Apr 2019 02:10 PM PDT Hey reddit, throwaway for obvious reasons but this post is going to pretty long.I don't know what information is pertinent and what isn't so I'm going to lay out the most concerning elements of my financial situation and can elaborate as needed from that point.
How badly have I fucked myself? Now that I need loans I cant get them because I was irresponsible, I don't have the credit to get a car to get to work and I have no idea what the fuck I'm supposed to do. I do not have a certain place to sleep after tonight and my phone will be terminated tomorrow but I will be checking on the thread periodically to see what is happening I appreciate any help anyone can offer and will do my best to provide any details you need to better understand my situation. Some important points to note, I don't have family to help, I'm a Veteran (not sure if there are programs that benefit vets specifically) and I'm 22 with a dog (who will have food no matter what and proper care so that isn't an issue) [link] [comments]  |
| Proud New Owner of a $2,634 Debt (HELP)! Posted: 16 Apr 2019 12:42 PM PDT Hi there! I recently discovered a new debt on my credit report ($2,634/collections). I say discovered, because I'm a 20 yr old financial fetus who blindly signs whatever my mah tells me to (😐). I've only lived away from home since last January and I have been a part time student and worker since june of last year. My mah and I agreed that I cover my misc expenses and she'd take care of my housing. She never told me she didnt pay off the balance and it says it is an individual debt that I owe (she was my cosigner). *if it matters she filed for bankruptcy this year. What is the best way to take care of this debt? What are my options? [link] [comments]  |
| Posted: 16 Apr 2019 06:36 PM PDT I'm (19 F) currently at Wells Fargo on a joint account with my parents who have been sending me an allowance while I'm away at college. I recently got a job and plan to pick up another one here soon (saving for an apartment), and I plan on opening a new checking account in my name only for obvious reasons, and I see some people recommending moving to a whole new bank to prevent any future mix-ups with account access (i.e. the joint account still somehow being linked to my personal account and in turn, to my parents). Would this be advisable, or is it not likely that that would happen? Any banks you recommend? Thanks all! [link] [comments]  |
| Posted: 16 Apr 2019 02:38 PM PDT Quick Summary: I'm a former addict (year clean) that made a lot of dumb financial decisions while in active use. I've got debt from multiple different sources that have all gone in to collections. I maxed out two $1000 credit cards, Some student loan debt that's in default, and some medical debt. Between everything my debt totals out to be around $8,000-$10,000 is my best estimate. I have a job now but don't make that great of money and am just scared to even answer the debt collectors calls. My credit score is very low because of all this. I was just wondering what my options are and how I can start to repair this? Any suggestions would be greatly appreciated! [link] [comments]  |
| Posted: 16 Apr 2019 05:46 PM PDT Hello Personal Finance Redditors, About 5 years ago I got leukemia and went through expensive medical treatments, lost my job, and everything crashed otherwise. Insurance covered the majority of my medical charges but didn't handle everything else. I used all my credit cards and even got a few loans along the way try to keep myself afloat until I could recover enough to get back to work. However, most everything (credit cards, auto/personal loans, medical) went into collections before I could get a job again. My wife is disabled and cannot keep a serious job, so we're relying on my income alone. I have been trying to deal with the collections, trying to budget, trying to be smart about money these days but everything has piled up quickly. I make about $94k before taxes and deductions at my new job, but feel like I am climbing a mountain. I was sued a couple of weeks ago for $3500 of my medical debt and now they are going to garnish my wages (20% limit in Wisconsin?). I'm figuring about $1000/month for the next 3.5 months. I have a substantial amount in collections and I am fearing that if I can be sued and garnished for $3500 of my medical debt, that I will be sued for everything else in due time. Here is my rough breakdown: Current Income: $2500/2 weeks Main Known Budgeted Expenses:
Income minus budgeted expenses: $1,240 left over without taking into account any other expenses. Debt in Collections:
The rough sum of my debt in collections: $89,964 My wife has some as well - not as much though. I have about $20,000 in federal student loans as well. At this point, my wife and I (age 34) don't know what to do and what our best options are. I have $400 in an emergency fund and otherwise, have not been making much of a dent in collections. I suspect that bankruptcy is the only real viable option at this point. I'm scared about the consequences of bankruptcy, but I feel like we are running out of options and we could really use some advice. Thank you [link] [comments]  |
| How do debt collection agencies contact you? Posted: 16 Apr 2019 07:28 PM PDT Every couple of weeks I get an automated phone call from a supposed agency, and this automated voice says to call back at xxxx number. I have checked my credit report, and I believe all debts are accounted for as there were zero flags on the report. I have also not received any mail regarding this from a collections agency. So should I be worried, or should I chock it up to it being a phishing scam? (which is what I'm leaning towards) [link] [comments]  |
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