Personal Finance Wells Fargo opened another 2 accounts in my name. |
- Wells Fargo opened another 2 accounts in my name.
- Dad dead at 58, mother unemployed. What social security benefits can my mother pull on my father's behalf?
- Vanguard lowers fees on 21 of it's ETFs
- Terminology to Replace "I Can't Afford..." etc.
- Dave Ramsey’s book, how it changed my life. It’s so much easier than I ever thought.
- $7000 bill for an ER trip
- I'm 24 and my parents opened credit card accounts using my SSN & have always done things without speaking with me first...need advice.
- Did I screw up future Medicaid benefits by buying my elderly parents a home?
- Good (poor?) timing for my car to die
- Dealer won't take pre-approved loan
- 19yo and 4k in debt. Need urgent help.
- Credit Karma reported to me that I've been sent to collections for something I don't know of. Thoughts? [MIC]
- Is it legal to keep sending bill after sending an account to collections?
- Buying my first home and inspection is concerning
- No credit and used car loan
- Family opened credit cards in my name when I was a kid. Now I can’t get any credit cards to begin building credit.
- I'm thinking about taking some money out of my savings to help pay off my debt. My question is, is it a good idea?
- Saving vs. student loans
- Looking for a private party used car loan with mediocre credit (~650)
- Tuition assistance offered by employer
- How to open a new bank account at an all online bank, and transfer my money from BB&T to that account.
- Basically starting over at age 27 and not really sure what to do in general.
- College student looking for ways to earn/save money for a (used) car
| Wells Fargo opened another 2 accounts in my name. Posted: 28 Apr 2019 05:02 AM PDT Title. Closed my account with them in 2015/2016. I keep getting mail about my accounts with them. Last week they sent the last 4 of the accounts. Called them up and they confirmed that they exist. These aholes opened two new accounts in my name in 2017 l ( I'm pissed. Besides closing the account, how else can I punish WF. It isn't right they can just play with my personal finances just to score a few extra sales numbers. Edit: Monday I'm going to ask for opening document signatures [link] [comments]  |
| Posted: 28 Apr 2019 04:00 PM PDT Reddit, I am turning to you all because I am finding unreliable information elsewhere online. My father just died at 58 years old. My mother is 54. They had been married for 30 years. My mother has had a few odd jobs here and there, but has overall been unemployed the entire time. I am getting conflicting information regarding what Social Security benefits my mother could receive on behalf of my father and when she could begin to withdraw. My family lawyer says that the money my father paid into SS is "gone." That is, my mother would be entitled to nothing on his behalf. However, searching the internet makes it appear as though she would be entitled to survivors benefits provided she does not remarry. I am still concerned that the family lawyer is right and that the money my father paid into SS is gone. What should we expect in this situation? Thanks in advance. [link] [comments]  |
| Vanguard lowers fees on 21 of it's ETFs Posted: 28 Apr 2019 12:32 PM PDT https://investornews.vanguard/lower-expense-ratios-on-21-vanguard-etfs-means-more-savings-for-you/ Forgive me if this is already posted elsewhere. Among the list are some of the more popular building blocks for a wide range of portfolios. I am not a direct Vanguard client, but this is always good for the industry as a whole to see costs nudge lower. It also puts a bit of space between many of these ETFs in terms of fees and the mutual fund versions of the same choices at Vanguard. VTI 0.04% to 0.03% ER VOO 0.04% to 0.03% ER BND 0.05% to 0.04% ER VXUS 0.11% to 0.09% ER VT 0.10% to 0.09% ER [link] [comments]  |
| Terminology to Replace "I Can't Afford..." etc. Posted: 28 Apr 2019 05:00 AM PDT Hey guys, so a lot of the wealthier people I know, often reiterate the old concept of not saying things like "I can't afford it" or "I'm broke" etc. but I don't know of many alternatives. If I was invited to lunch somewhere I couldn't afford for example, what would be some better phrases I could use. I don't want to lie and use a fake excuse, but I don't want to be using phrases like "I can't afford to/can't afford x" etc. Any ideas? [link] [comments]  |
| Dave Ramsey’s book, how it changed my life. It’s so much easier than I ever thought. Posted: 28 Apr 2019 09:17 AM PDT After reading post after post of people in their 30's and 40's talking about their financial disaster, I finally took advice on something some time ago. I am in my late twenties, and read these posts to 'learn from others mistakes'. The posts all followed the same paradigm, and I always saw the top comment, "You should read Dave Ramsey's book, this sounds like something that book can help with." So I read "Total Money Makeover". It was a simple read, with simple concepts. It made sense. Now just do it... is what I took away from it. Today, some time after reading his book and paying down my debt substantially, I am looking at sailboats online... I live close enough to the water that I am able throw a rock into the ocean. I have wanted one for years, especially for my daughter to enjoy as she grows. But, I don't have cash for it lol. Maybe in a few more years I'll have set aside enough for one. Thanks to everyone in this community for helping me shift the only thing ever really needed to... the way I look at money, and the role it plays in my life. I've adverted (and worked to reverse) years of pain by keeping it this simple. [link] [comments]  |
| Posted: 28 Apr 2019 06:34 PM PDT 2 weeks ago I had a migraine, worst one I've ever had, lasted over 12 hours and kept me awake all night. The following day I went to urgent care for some painkillers, doc there takes my vitals and says my heart rate and blood pressure are too high. I've had episodes like this before, and ask him could it just be a pain response to the headache and lack of sleep. He starts talking to me about throwing a clot and stroking out, and says I need to be evaluated in an ER. He even does an ECG on me and says "You're going to the ER, this ECG will tell us how you get there", implying I need an ambulance. It feels like he's trying to freak me out, and it's working. ECG at urgent care is fine, he says we can drive, but must go immediately. Wife drives me to the ER, I tell them I'm there for a migraine (which feels much better at this point), I give them a referral slip from urgent care and they put me in a bed. Nurse takes vitals and does another ECG. After about 30 mins, doc visits me and takes vitals again, which are starting to get back to normal. Nurse puts me on an IV saline drip. Nurse comes back an hour later and takes vitals, everything normal. Doc tells me my vitals were just a pain/stress response, discharges me... Total visit time was probably 2 hours or less. No labs, no imaging, just ECG and IV. Claim was filed against my insurance for ~$7000. Itemize costs are:
I live in NYC, have a wife and son, and wife is unemployed. I have insurance, but it is HDHP and I will be paying the majority of this bill because I have not met my deductible. We have savings and we can cover this...but this hurts and makes things tight for us. I just received the bill yesterday, and contacted the billing department through online messaging (office is closed on Sunday) asking them for an explanation of the costs, especially the level 4 visit. I also told them I can't afford to pay this. Looking for further advice about my situation. I've read some other posts on here, and my situation is not as bad as a lot of others, but I want to know what my options are. I've seen good advice, but I want to avoid anything that lets it go to collections, and I'm not sure if we would qualify for financial assistance (although I will try). [link] [comments]  |
| Posted: 28 Apr 2019 06:01 PM PDT Hello! Title says it all. A little background: My parents have always been hard working immigrants that moved to America over a decade ago. They're overall kind hearted and good people but don't have the best judgement when it comes to money (at least in my opinion). Money has always been tight in my family. My mom works at a restaurant and my dad was a food delivery man but has been unemployed. I am my parent's only child and they rely on me to help finance their car. They recently asked if I could start paying for the mortgage as well. I have no problem with doing so because I love them even if things are tight for myself. What has been bothering me, however, is finding out about some things that they have decided to do without discussing with me first. 1) They always took care of my taxes since I was a dependent. When I got my first corporate job back in 2017, my tax return was quite high. They withdrew the return without letting me know and used the money. 2) They decided to buy a new car when my dad got into an accident and lost his older one as a total lost. They then asked me to help finance the new car only after they purchased it. I asked why they couldn't just buy a used car and they both said that they don't like or trust used vehicles for safety. EDIT: I did not cosign for this car. I transfer money into my parent's account monthly for the car payments. 3) Today, I found out that my parents had opened two different credit cards back in 2016 and 2017 (I used Turbo to check on my tax return and decided to look at other tabs e.g. Debt and discovered this). The cards have never not been paid off on time though but I believe that is besides the point. I know talking to them about this is what I need to do but is there anything I can do without hurting my parents? Thank you for any advice that you may be able to give me! [link] [comments]  |
| Did I screw up future Medicaid benefits by buying my elderly parents a home? Posted: 28 Apr 2019 01:24 PM PDT Two years ago I bought my elderly parents a home; I paid the down payment and make the payments each month. However, it made sense at the time to put my father on the title and mortgage, as it meant that we got a low "owner-occupied" interest rate (4%). But I've come upon a frightening possibility: The home may count as an asset of my Dad. This means that if he needs a nursing home and his meager savings are exhausted, Medicaid will consider his ownership of the home to be an asset and require that it be sold and half used for his bills. Their financial planner suggested that it might be enough to file a quitclaim deed to take him off the title. But this brings questions:
Links about quitclaim deeds tend to be about a completely paid-off family house with no mortgage, or about divorces or joint ownership by siblings. Details:
Bonus question: Should they be spending down their IRA's, as it's really not that much money, and they have enough to live on month-to-month via a 2500/month pension? [link] [comments]  |
| Good (poor?) timing for my car to die Posted: 28 Apr 2019 05:48 PM PDT I bought my car brand new in 2006 and have steadily had it as my steed for the last 12.5 years. Over the last 6, I was starting to feel like it was starting to go south, so when I finally brought it in on Friday, the mechanic tells me that the transmission is basically ready to go and will require $3k in repairs. Looking around on the Internet, my car is maybe worth $6k in good shape, which my car is not due to some rusting on the exterior. On top of that, there were other issues that made the car, by the mechanic's assessment, unsafe to drive. That was $1k in repairs just to get the car back. The timing could be fortuitous (or terrible, depending on how you want to look at it), because I was just about to make a payment on my line of credit. For context, I turned the remaining $190k left on my mortgage into a line of credit, and pay about $600 in interest payments every month, as opposed to paying $1,200 a month on my mortgage. Without getting into details, I have a decent paying job, but I also do pretty well for myself in a side-hustle (perfectly legal) that is all cash, plus a few investments that have worked out pretty well for me. So, as it stands. I have a couple options: 1) Take my $20k and buy a car. I can get a pretty nice 2015 car in the high $20k range, use $20k down and then finance the remaining over 5 years which works out to about $135 bi-weekly. 2) I can pay for the whole thing in cash, but that would obviously eat up my cash reserves and I'd rather not in case something else pops up. 23 My brother has offered to give me his wife's 2009 Lexus SUV, which they were going to replace anyways. I can take that car, and make the $20k payment on my line of credit. Reducing the principle then lowers my payment by about $70/month. The three options represent the extremes. I could mix it up $15-5, or whatever, but I didn't want to drown this question in minutiae. What are your thoughts? I don't mind option 3, but my concern is that with it only being 3 years older, I could be running into a similar problem. Option 1 leaves me with a car that I really like, but requires me to add to my debt load, rather than reduce it. [link] [comments]  |
| Dealer won't take pre-approved loan Posted: 28 Apr 2019 07:09 PM PDT Throwaway because this has a lot of details I don't want on my main account. I'm going through the process to buy a new vehicle. I did all the things recommended - negotiated the price down (checked with a few dealerships to do this), negotiated my trade-in value up. Got pre-approved through my credit union for more than the price I'd need. Got all the way through to the financing part of buying the vehicle and then I run into all of the issues. I'm told that they've never heard of my credit union before (it's a federal credit union), it's not one of their partners, it's not in their system, and they'd have to pay a bunch of fees for me to use my credit union for my loan. They said that the interest rate offered by my credit union (2.99%) was too low and because of this, I needed to sign the contract with dealer financing at 4.99% "just for a few days until the credit union loan comes through". I called my credit union and they said that this type of thing is pretty normal, but that sometimes it can get worked out on weekdays when the loan officers are in. My credit union said that usually when something like this happens, they just fill out paperwork to refinance with the credit union and then I'd get the original approved rate, unless something goes wrong and then they would guarantee the rate quoted by the dealer. I told the dealership I'm not signing anything, I'll talk to my credit union tomorrow. They wanted me to give them my down payment today to "hold the car". I told them no. They asked if my credit union says it's okay will I sign for the 4.99%. They told me that they do this whenever they deal with credit unions. My gut tells me this whole thing is shady but I don't know what to think since my credit union seems to think this happens often. Is this normal? How can I get through this with just my credit union loan? Just for context: credit rating in the low 800s. income well into the 6-figures. spouse has comparable stats but is not co-signing. Location: CA [link] [comments]  |
| 19yo and 4k in debt. Need urgent help. Posted: 28 Apr 2019 05:18 PM PDT In need of urgent help, I've fucked up and my finances are fucked. Little backstory. I gambled alot. I've won thousands but recently I started losing big. My bank allows a 2k overdraft, Wich I have maxed out within 3 weeks because of gambling. I also have a creditcard wich is maxed out at 2k at the moment. I do not have alot of monthly costs. I pay 150€ in school fees monthly, pay around 30€ for insurance and 50€ for my phone bill. I have a part time job after school. This brings in around 480-550€ monthly depending on what hours i work. I also get around 600€ a month from the government because I'm a student. I have applied for serveral online loans, but they won't accept me because I'm too young or because of my monthly income. I have honestly no clue what to do at the moment. So, here I am seeking help. I would be very grateful if someone has some useful information. If there is anymore info you guys need. Let me know. I have seeked professional help to help with my gambling addiction, I am doing much better at the moment, expect for my finances. Everybody makes mistakes, I've learned my lesson. Sorry for the terrible grammar, English is not my first language. Also, I used a throwaway account for reasons. [link] [comments]  |
| Posted: 28 Apr 2019 02:01 PM PDT Was reported to transunion yesterday that I've been sent to collections for $2k for medical Bill's. What's fishy to me is the two possibilities behind it:
Waiting until Monday morning to get rid of all these assumptions and calling the collector. Anything else I should? [link] [comments]  |
| Is it legal to keep sending bill after sending an account to collections? Posted: 28 Apr 2019 07:58 PM PDT A few years back I had the misfortune of seeing a health provider who failed to properly bill my insurance and who has been sending me erroneous bills ever since. They've sent the bill to collections (twice) each time I've contacted said collections agency and put the fear of God into them demanding so much documentation that there's no chance in hell that they'll even try to get anything out of me. But through it all the original health provider has kept sending me bills, I've gotten several since the last time it went to the collections agency. As far as I understand it once they transfer it to collections they should stop billing me. Is this legit on their part or do I have cause to pursue some sort of legal remedy? [link] [comments]  |
| Buying my first home and inspection is concerning Posted: 28 Apr 2019 05:26 PM PDT I'm not sure if this is the right place to post this. I am looking into my first home and put in a offer and they accepted contingent on the inspection. Well it came back with some things that I think are concerning:
How expensive or serious are these deficiencies? [link] [comments]  |
| Posted: 28 Apr 2019 05:09 PM PDT Hey guys, By the title, I currently do not have credit but I saw that I can switch to a credit union, apply for a credit card, and take out a loan to buy a used car. Is this feasible and a bad decision? [link] [comments]  |
| Posted: 28 Apr 2019 04:58 PM PDT Family ruined my credit when I was young. All are paid off and cancelled, but now, my husband has to sign for everything, and I can't get my name on anything. What steps can I take to get an actual credit card to begin rebuilding trust in my name? Thanks for any advice! [link] [comments]  |
| Posted: 28 Apr 2019 07:05 PM PDT Hi I have about $3000 dollars between two credit cards and I can take money I've saved over the last year and a half (around 1,500) and knock the balance on one or both of the down. Should I do it and should I throw it all on the lower one and pay it off or pay the one that is higher or split it and knowck them both down? [link] [comments]  |
| Posted: 28 Apr 2019 04:38 PM PDT I'm 24, and make a 60k salary. Each month, I take home a little over $3510 and have been trying to figure out the best way to spend my extra money. Initially, my biggest priority after getting a job a few years ago was to try to pay off my student loans within 4 years instead of 10. But since I've paid off the loans that accrued the most interest (around 6%), I'm concerned that there must be better ways to spend my money right now. I have around $6.3k left in student loans (at a 3.1-4% interest rate). I've paid off around $4,000 ahead of schedule by contributing $250/month instead of $125/month (10-year plan). My 401k is around $3910 - unfortunately, my company doesn't match and I haven't been contributing much because of that. I also have $6.5k in extra funds that are sitting in my savings account. I'm not sure what the wisest thing to do with this money would be - possibly a HYSA? What would be the wisest way to spend my money? After reading through this subreddit, it seems like paying my loans at a lower rate, contributing more to retirement, and setting aside more for my savings account would be better. Any advice welcome. Thanks! [link] [comments]  |
| Looking for a private party used car loan with mediocre credit (~650) Posted: 28 Apr 2019 06:20 PM PDT Ok so I make pretty good money (~75-80k) and I don't have a lot of bills atm. I also don't have a car. I've been using my GFs, but it is time I got my own (wrecked mine about 18 months ago). Found a few 2015-2016 Civics from dealerships in the 15k range for ~20k miles, which is definitely a solid deal. However I just found a 2017 with 35k miles on CL for 12000$. I can put down 2000, maybe 2500. So I am looking to finance around 10k. My credit score is 650-660ish (up from 505 2 years ago!) but it still isn't good enough to get in with Alliant/Lightstream. I don't want to go to a bottom of the barrel lender - are there any options for mediocre, but not awful credit? I haven't checked with credit unions yet tbh, I just figured I would be denied there too. Am I going to have to go to one of the 'we take any credit!' lenders? [link] [comments]  |
| Tuition assistance offered by employer Posted: 28 Apr 2019 06:19 PM PDT Hello all! Lots of good stuff in personal finance thanks for the informative posts! I learned that employers don't value "loyalty" and won't "notice" you if you work your butt off for them. My questions is regarding tuition assistance. They offer 60% reimbursement for school tuition in a related field. I work for a cellphone company and I'm going getting a 2 year degree in Network Administration. The problem though, is in the jobs my degree qualifies me for. There aren't any openings where I live. The current people in those jobs are lifers, with 10+ years and no sign of quiting or retirement. I could move, but it would be several states away. If I get the assistance and leave the company will they want the money back? The only requirements for the assistance is to be employed for 1year and no active disciplinary action on file. Thanks! [link] [comments]  |
| Posted: 28 Apr 2019 08:46 AM PDT I recently turned 18, and dont want my parents to have access to my money, how do I transfer my money from my BB&T account to an online bank without my parents knowing where the money went?(trying to switch from BB&T to Alliant). [link] [comments]  |
| Basically starting over at age 27 and not really sure what to do in general. Posted: 28 Apr 2019 06:00 PM PDT Skipping the sob story and details I'm trying to change careers after failing to establish one in the field I wanted and losing interest. In a few weeks I'll be in the following situation...
I'm abandoning chemistry. After years and years of trying to have a real career in it in my location (NYC). For various reasons I need to stay in (or very close to) NYC. The primary reason is, I want to. I don't care if that makes me immature... I don't want to leave just for a job. I am now mostly applying for entry level programming, data science, data analyst, software engineering etc jobs. There are lots of these in NYC, unlike chemistry. I have not had luck so far, though. I've been appling for about 13 weeks. I haven't had this kind of job before, so I am having trouble getting interviews; however I do have significant academic experience with these things as my grad school research was much more compsci/programming than normal for a chemistry person. I could explain this to a technical/scientific person on an interview if I ever get an interview... but the HR people won't give them my resume! Basically, I'm wondering for people who go back to their parents house as in their late 20s... how much money should I save up before leaving again? I really value having my own space/apartment. I care about privacy and not having the constant anxiety over being interrupted/etc a lot... after living by myself for years I really dread living with other people again (that sounds a bit psycho, but I think you will understand). I don't plan to move out the second I get a job, because I will still have no savings. But... 1 month after I start getting paid? 6 months? Stay until I'm kicked out? Stay until I have a certain amount of money in the bank? I really have no idea. Based on my education and things I'm guessing whatever job I get will be paying somewhere between 65-75k, but really I don't know. I'd welcome any tips about anything really. I have no idea what I'm doing, just in general. [link] [comments]  |
| College student looking for ways to earn/save money for a (used) car Posted: 28 Apr 2019 03:44 PM PDT Hi all, I'm a 4th year nursing student with one year left, I'm looking for tips to make or save more money so that I can buy myself a used car to get around. What are also some things I should be looking at when getting a used car? Thank you [link] [comments]  |
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