Personal Finance FYSA: Shitty experience with Ally |
- FYSA: Shitty experience with Ally
- I got scammed out of $800 and I’ve never felt more stupid.
- 19, Not going to college, looking to move out of my mom's apartment, part time job, no car, 1k in savings, need guidance.
- Father to a 5 week old baby girl - Want to invest for her future. What investment vehicle should I look into? (Suggestions)
- Beware Synchrony Bank with multiple deferred purchases.
- Police refused to write a report for a stolen wallet.
- Burried in Debt. Any advice?
- Is my emergency fund too big?
- Can't afford my car payments, completely broke, and my debt is piling up.
- Inheritance coming my way, terrified.
- Girlfriend told me her parents are signing the house to her name.
- Car totaled from hail damage, insurance says my only option is to give the car back to the bank.
- How to manage taxes at 18?
- Starting an MBA program this Fall. I've never had student loans before and not sure if I should. Advice welcome.
- Should I splurge??
- I have 18k in CC debt and personal loans, not counting my mortgage and car payment. I am in the USA on a work visa at a good job but I am drowning and need help. Please recommend to me what to do.
- I just found out my hours at work are counted in the stores "hourly precap" as a supervisors hours. Been trying for a raise recently when I'm not an actual supervisor.
- As a nonresident, Is it ok to keep money in my US bank accounts if I am moving to Canada soon?
- 19 year old won lump sum
- 24, first credit card, no credit history but wanting to build it. Should I keep it or cancel it immediately?
- Why should I be using a cc instead of a debit card?
- Where to invest 100k
- Social Security
| FYSA: Shitty experience with Ally Posted: 03 Aug 2019 10:10 AM PDT I still like them overall, but.. I got a text message from them that my debit card was flagged for fraudulent use. The charge seemed to appear at a walmart i frequented, but I was not there, so i responded to the text with an affirmative. Where this goes south.... After that, with no notice or communications to me they permanently disabled that debit card. My only means of accessing my money except for emergency cash. While I appreciate that they locked the card, what they failed to do is automatically send me a new card, so i was sitting on a disabled card for a few days. God knows how bad it would have went if a real emergency cropped up. Their 2nd fuckup, is the website having no card replacement options. When I had BOA, it was stupid simple to just log in and hit "stolen" and bam, overnighted card. They'd also automatically overnight a card if they flagged fraud. Their 3rd fuckup, is the phone support people not having access to the card replacement/fraud division outside of core business hours, requiring a call while i was at work instead of some sane and calmer time of day. Their 4th fuckup: they charged me a fee. For the replacement card. that they closed on me.. TL;DR: Really bad fraud handling of debit cards. [link] [comments]  |
| I got scammed out of $800 and I’ve never felt more stupid. Posted: 03 Aug 2019 11:18 AM PDT A guy ran into me outside the bank claiming to be a college student needing to pay his student debt. He said he had a paycheck from work that he couldn't cash since his account his bank account was negative. He showed me his phone and confirmed his account was negative and it was a student account. He needed to explain his story multiple times because I wasn't sure what he wanted from me so I didn't really understand. The guy showed me he couldn't get into his account at the bank atm, although he was using an atm card, the kind of card they give you temporarily while they mail you your new debit card. He had a whole story lined up, like where he works, where he went to school and what he majored in. He even gave me a phone number to call him if anything went wrong afterwards. What he wanted from me was for me to cash his money order using my account and have me withdraw the money. I realize how obvious of a scam this sounds but I have really bad anxiety and I wasn't thinking straight, I just wanted him to leave me alone because he kept pressing me. I deposited the money order and gave him the money. We talked a bit afterwards and then parted ways. A few hours later I got a message from the bank that said they couldn't accept the money order. I tried calling him but he didn't answer. Judging from the voicemail, the number was from a texting/calling app. I know he can at least read my texts because he responded to my threats about contacting the police(although I already had and they can't do anything.) All he said in the message was his first name he told me when we met. I feel so stupid because I knew better but I let my anxiety get the better of me. I don't feel like I've learned anything because it was such an obvious scam, I just needed to be assertive and tell him to fuck off but I'm not an assertive kinda guy so it's hard. I doubt the bank can do anything because it was 100% my fault so I doubt they would just give me the money back. It just sucks because I'm a college student who doesn't have much money and I will need that $800. Sorry if this doesn't fit the subreddit, I didn't know where else to post. Edit: Since the thread is locked, I'll just say that I appreciate all the advice/kind words, I've read all of it. People were a lot less judgmental than I thought they'd be which is nice. [link] [comments]  |
| Posted: 02 Aug 2019 09:12 PM PDT I'm 19 years old, after taking a year off from school I decided not to go. Honestly I need to move out asap, my mom, grandmother, and I live in a 2 bedroom apartment that has a roach infestation. (My mother owns the apartment). My mom doesn't want me to go, but honestly I can't take it anymore. The roaches are getting to me, they're all over the kitchen and slowly spreading towards my bedroom. I've been stressing like crazy, I don't want to eat, I don't want to be at home, I have no social life, I couldn't even hope to get into a relationship as the bottom feeder I am atm. My mom wanted me to go to college but I'm already pinching pennies as is. I pay the internet bill, and for my own food atm. I think I'd probably kill myself If I had to live here for another 3 years while I payed off student loans, worked and went to school. As of right now I'm making around 2-300/week, and spend 100+20/month for internet and gym membership. I do my own cooking and rarely eat out. I spend prob around 2-400 a month on food, closer to 250 if I'm anal about spending. I'm looking for a full time night shift job atm that I could do in addition to my current grocery store job. My mom and I share a car atm, she works from 6am-4pm weekdays, So i usually go to work when she comes back, that is also the reason I am looking for a night shift job. If I can get enough consistent income to take out a cheap car loan I'd feel capable of moving out. Honestly I've wasted too much money on weed in the past, I'm willing to admit it. I also don't want to spend money on weed until I'm in a comfortable position. My short term goals are, Get a full time night shift job, Take out a car loan, rent a cheap apartment. I've been looking near where I live atm and studios are cheapest 700, some two bedrooms are 1000, so If i got a roomate that would be around 500. If i can achieve those 3 goals I'll be in a much better place mentally. My mental health is not in the best spot rn, I've had my highs and lows, but I haven't felt this down in a while. All I want is my own apartment, car, and a steady job. That way I can feel less socially restricted, and use my free time to date and pursue my side hustle. ps. Dont have a credit card only debit. I use capital one TLDR; want to move out. 1K savings, Not going to school, no car, only part time job, make roughly 300/week. Please help. [link] [comments]  |
| Posted: 03 Aug 2019 03:17 AM PDT What the title says. Is there an IRA or 401K type of account that is tax-friendly that she can cash out at 18? What are my options? Thanks again. [link] [comments]  |
| Beware Synchrony Bank with multiple deferred purchases. Posted: 03 Aug 2019 10:26 AM PDT Just got off the phone with Synchrony Financial about a deferred interest purchase I made a year ago that's coming due in a couple of weeks... it was an interesting conversation and I thought others might want to know if they're in the same situation. I have a local electronics store card that uses Synchrony to finance purchases. I've been making more than minimum payments and the balance was reducing. But I also made another big purchase that also deferred interest for a year. What I learned was that the monthly payments are applied to both purchases. Now, I have about $400 left on the first purchase that must be paid in two weeks or I get hit with interest from the date of purchase. However, there's no way to indicate which balance the payment needs to be applied to. I'm able to pay the $400 so I called customer service and was told to make the big (last) payment and then call them back and instruct them to apply the balance to the expiring deferred interest purchase. That last step isn't clear at all. I've had other cards that make it clear where your payment is going. But not Synchrony. You have to call them. [link] [comments]  |
| Police refused to write a report for a stolen wallet. Posted: 03 Aug 2019 11:51 AM PDT Not sure if this is a better question for /r/legaladvice, but my wallet was stolen yesterday. I say "stolen" because I had realized my wallet was missing a few minutes after I had made a purchase at a store and walked out onto the street and the wallet was nowhere to be found. I immediately cancelled my credit and debit cards, but I also lost my license and registration with the wallet. Everything online says to file a police report so this is on record in case anyone tries to use my driver's license ID, but when I went to the police, the officer said that this isn't something that gets filed in a report and that there was no way someone can use my license because they don't look like me. He also said that we couldn't call it stolen because I didn't see anyone steal it.... Once I left, I realized he might have just been intimidating me because he didn't want to write a report. But he made it seem like I was an idiot for asking to file a report. Is there really no reason to write a report for this? Not sure If I should take his word for it or go back and try to speak with another officer. NY state if it matters. [link] [comments]  |
| Posted: 03 Aug 2019 04:56 PM PDT Hi all.. Im ashamed at what I've done. I was doing really well. I was born into a poor family and made my way out.. Graduated college.. Got a good career. Then out of no where I had a really bad manic episode. I gambled away everything. Took out loans and credit cards to survive and gambled more. I am 1 month Sober. Im just not sure how to get out of this hole. Im ruining my credit, behind on bills, and living pay check to pay check. I never want to be in this position again. I'm planing on moving next month into a cheaper apartment, I'm eating out less, and watching my spending. With loan and credit card payments, I'm drowning. Anyone else experienced this? How'd you get back on track? Any advice would be greatly appreciated. [link] [comments]  |
| Posted: 03 Aug 2019 02:23 PM PDT I'm 33 and I have a 12-month emergency fund of $48k that sits in a high-yield savings account which covers mortgage, insurance, food, and potential health-related emergencies. I'm a little paranoid that if I lose my current job, I won't be able to find another job and with good reason. I've been sending out a few resumes for the past 2 years seeing if I get any bites and to figure out my worth. I've received no bites or offers so far which is why I think my emergency fund should be 12 months long. It'll give me enough time to bring up my value if I'm ever let go. My monthly expenses don't change from month to month. I have no credit card debt, no school loans, no car loans, just a mortgage to pay each month. Am I overdoing it and saving too much? [link] [comments]  |
| Can't afford my car payments, completely broke, and my debt is piling up. Posted: 03 Aug 2019 03:00 PM PDT I [F24] recently lost my job with no savings and my debt has been racking up since. Fortunately, I was able to file for unemployment, but what I'm receiving still isn't enough. I get $1100 every month (after taxes) but have had no luck finding a new job. $600 out of that goes to a car payment that I can barely afford and $100 PG&E. My credit card is almost maxed out at $7,900 (8k limit) and the interest on it is roughly an extra $100 every month. The credit card payment is ~$220 a month ($100 towards interest only) but it's very hard to keep up with those payments. I have never missed a payment or made a late payment, but it's getting tougher considering I only have $100 to survive off of for the month. I'm lucky enough to be able to live rent-free with my parents, and my Dad is helping me out with my phone/car insurance so I don't have to worry about those for now. I'm considering getting rid of the truck since I can no longer keep up with the payments, but then I think about how I'm 3yrs in with ~$17k left on the auto loan. Plus, the truck isn't even under my name; it's under my Dad's. AND I'll need a reliable form of transportation for a new job, not to mention school which starts in 3wks, but I am just struggling so much to make those payments. I've thought about getting a credit card to up my credit limit and "lower" the credit usage or maybe trying to do a balance transfer, but I don't know if that's wise or how to even do that. My credit score keeps dropping (648 estimate from credit karma as of now) because my credit card is basically maxed out. I'm just so stuck. I have no idea what to do or where to go from here, and I feel so embarrassed. Any advice would be greatly appreciated. Thank you. [link] [comments]  |
| Inheritance coming my way, terrified. Posted: 03 Aug 2019 11:39 AM PDT Spent my whole life being frugal, watching what I spend but have never had a lot. Now, after my mother has passed, looking at 250k potentially coming my way. Not a lot of debt, just bought a house 121k mortgage. Assuming the standard have no debt advice, what else can I do to generate financial safety? 34, married, 1 child. Decent job. [link] [comments]  |
| Girlfriend told me her parents are signing the house to her name. Posted: 03 Aug 2019 05:46 PM PDT Like the title says. My girlfriend's parents are in a sizable amount of medical debt (over a million from what I can gather) and they are talking about signing the house they own over to her to keep the debtors from getting it if something were to happen. The house is paid off. She also has a sister that I'm not sure what would happen ya know when everything goes down. For more context my girlfriend is 21. Is this like a common thing to do? Would doing it this way fulfil the goal? Should they be doing something else? My only thoughts are talk to a lawyer about estate planning. [link] [comments]  |
| Car totaled from hail damage, insurance says my only option is to give the car back to the bank. Posted: 03 Aug 2019 01:59 PM PDT Car: 2016 Mazda CX-5 Insurance: USAA + Gap coverage Down payment: $1000 Payments to date: 3x$500 = $1500 Running out of options here, need advice. Sorry if this isn't the right place. We got some bad hail and when the agent finally got around to appraising the damage, he said the car was totaled and that, because it's financed, the bank would have to take it back. Insurance is paying for the cash value of the car, and gap coverage is taking us the rest of the way to the original purchase price (~9k difference). My question is this: don't I own $2500 worth of that car? If my only option is to buy a new car, then I should really be getting every penny back (or at least a percentage commensurate with my investment as compared to the original price.), right? Also, I find it shocking that the repair could be worth more than the $22k that the car is worth. If we could get a quote for less, wouldn't the insurance prefer that option? What does the bank's position as primary lien-holder have to do with things? TIA [link] [comments]  |
| Posted: 03 Aug 2019 04:50 PM PDT So I recently got 2 jobs. One job the employer uses 1099 tax form and the other just pays me with a check because I'm just a part time caretaker for this grandma that hired me. I'll be making around 10k a year and was wondering how much I'll pay in taxes? I heard 1099 is 15.3% but what about my caretaker job? Do I have to pay taxes for that too if I'm just helping her do small tasks and getting payed for it? I live in CA [link] [comments]  |
| Posted: 03 Aug 2019 07:02 AM PDT Hi everyone. I've been reading PF for a few years now and need some advice if you don't mind. The main question is basically "to debt, or not to debt". First some background... I finished a BS in electrical engineering a few years ago and have been employed at the same company for two years now. Recently we were acquired. I had some equity so financially I am in a pretty good spot right now. My rainy day fund is good for 8 months of my families current expenses and I was able to pay off my wife's student loans two years early with a lump sum payoff. My wife and I have two new cars (to us), we bought a house a year and a half ago, one kid is leaving daycare and another is entering. Our third is only a year old so his care expenses won't be changing. No more kids will be coming after that one. I pay off credit cards in full every month. I'm contributing 15% to a Roth 401k and have 10% of my paycheck going towards other investments. The point is all of my expenses are not expected to change over the next few years and I'm in a good position right now. I'm entering a two year MBA program this Fall and can have the entire thing reimbursed by my company with three stipulations:
I funded my BS with the GI bill and yellow ribbon program so the only student loans I've ever paid were my wife's. I still have access to 6 months of coverage from the GI bill. My plan is to let the company pay reimburse me this fall, use the GI Bill in the for the first half of 2020 and then use the company for the rest of my courses. So my question is (remembering that I have to first pay for classes and then get reimbursed) what is the best way to fund this plan? Should I:
Thanks for reading! [link] [comments]  |
| Posted: 03 Aug 2019 02:57 PM PDT Hi all, I'm in my mid 30s and have lived a rather frugal life. I've been driving a Carolla 2002 since forever and am now in need of a new car. Thinking of leasing a lexus rx which is coming to around 700/month. I know I dont need this I.e. a Honda crv for 300/month will suffice but I cannot get over wanting a lexus. Mathematically I know I should save for my 3 kids. But I just cant get over the fact that I've never tried a luxury car ever. I'm self employed and make around 140K a year so affordability is not an issue. I'm thinking of leasing the lexus for 4 years just for the hell of it. You only live once. Am I being stupid? [link] [comments]  |
| Posted: 03 Aug 2019 02:24 PM PDT My name is John, I'm 29m from Chile here in America on a work visa for the last four years after I got my engineering degree back home. Since I have been here I have not been smart with my finances and I need good help and financial counseling but I am so worried about being scammed and I don't have a lot of extra cash for fees and services. My situation: I make about $3100 per month at my job. I have 18k in CC and personal loan debt. I have a car payment of $500 a month on a 2011 Camaro. I owe about 8k on it right now. I have a mortgage payment of $1,100 on my home. My gf recently got a new job and can contribute $500 a month in rent. I spoke to a company called Americor last night after I got a letter in the mail but I am terrified they are a scam company after reviews I read. I am very interested in debt consolidation but have no idea what a good company would be. I am trying to understand the Avalanche and Snowball method of paying the debts but I honestly am very overwhelmed right now. What should my first steps be to conquer this? [link] [comments]  |
| Posted: 03 Aug 2019 02:41 AM PDT I work for a department store in California (home depot).... have been here for quite a few years and I am in a supervisors position, I handle the truck unloads and work nights, I have made sure over the last few years I was the most dependable associate and am now working with my own crew, handling problems on my own etc. I have been bugging about a decent raise for the last year or so and it's been in limbo for some time. Was submitted to the "district manager" awhile ago. getting seriously impatient. what should my next course of action be? [link] [comments]  |
| As a nonresident, Is it ok to keep money in my US bank accounts if I am moving to Canada soon? Posted: 03 Aug 2019 02:56 PM PDT Hey Guys, So I am an immigrant from India currently working on OPT student visa. I have to move to Canada for work purposes as my H1b lottery didn't get picked. I am actually planning to come back to US on L1 visa within 1-2 years.
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| Posted: 03 Aug 2019 11:32 AM PDT Hello, I won a lump sum last year for 196k My mom took 80 I gave my sister 30 Now I have 86k I bought a computer and several things Anyway I been investing my money a lot in the market. Is there anything you suggest me to do with my money? [link] [comments]  |
| Posted: 03 Aug 2019 04:41 PM PDT I currently work part time and earn about $440 biweekly. I live at home and am trying to save while finish school. My expenses are... Light bill/Auto insurance: $100 Pet insurance: $12 Phone bill: $35 I'll be getting some extra money from some grants/scholarships after my class is paid for this month, so that will go into my savings. I have no credit history to speak of, but I want to start building it as I want to live on my own soon. I won't use the card for major expenses, but small things like gas or grocery shopping, $10-$35, if possible. I'd be an absolute idiot to buy anything I don't need, and what I do need, I'd pay out of pocket, not with my credit card. The card I was immediately approved for today is the Bank of America Cash Rewards Credit Card. My credit card limit is $500. To anyone who uses, or has used this card, what are your opinions on it? Is it a good card for a beginner or should I cancel it immediately? [link] [comments]  |
| Why should I be using a cc instead of a debit card? Posted: 03 Aug 2019 07:02 PM PDT I've always used my debit card and never had issue with fraud or anything like that, but after frequenting this sub, it seems like the majority of people are incredibly against this. I understand it's a lot easier to sort out problems with a cc (friend had a holiday cancelled on them and all they'd say is "how much easier it would be to get the money back if they paid with cc"), but apart from that, what are the other benefits? Also, does it literally translate £1:£1 if it's paid off instantly? Sorry for the dumb question! Just never thought about it really until reading this sub. Edit: thanks for pointing me in the right direction, I'll double check on r/ukpersonalfinance but I think I have the majority of the information I was looking for, thanks again. [link] [comments]  |
| Posted: 03 Aug 2019 05:12 PM PDT Long time lurker, first time poster. I have 100k to invest and I'm not sure what the best option is. I've read over the what to do with money wiki but am still confused. I'm 32, have 120k in student loan debt with 4 years left of payment at 3.9% and have a mortgage of 520k with 30 years left of payment at 4.125%. No other debts. I'm somewhat risk averse. I'm not eligible for a 401k until January and will be maxing it out once I am eligible. I'm not eligible to write off interest on student loans because of my income. Here are what I thought were my best options but not sure which one to go with 1) traditional ira (I would do vanguard and either the target retirement fund or one of the ETFs or the admiral shares. Which is better?) I can't do Roth IRA because my income is too high 2) back door Roth IRA with same issues as to where to invest 3) directly buy admiral shares or ETFs through vanguard 4) pay off a portion of my student loans 5) pay off a portion of my mortgage Thanks! [link] [comments]  |
| Posted: 03 Aug 2019 06:28 PM PDT I am turning 65 soon. I swear I read "somewhere" that I could apply for my deceased husband's Social Security and not have to curtail my work hours. Is this true? Sadly, I will have to work for a few more years before I am comfortable retiring, like many of us, and this seems like a godsend to me. [link] [comments]  |
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