Personal Finance My parents had me co-sign on a lease when I was 19. I wasn't aware that they had broken the lease until recently, and now no one will rent to me. Where do I go from here? |
- My parents had me co-sign on a lease when I was 19. I wasn't aware that they had broken the lease until recently, and now no one will rent to me. Where do I go from here?
- What is the point of apps/companies like Chime that give you your paycheck a few days early? Doesn't that just shift your pay period from set amount of time to another?
- Change the due dates of your credit cards
- VTASX vs VTI? What's the difference?
- Is Credit Karma accurate?
- Concerns about writing a check with the pay to line blank
- What happens if you invest in a 529 but your child ends up getting a full-ride?
- 26 Year old Med school dropout, $87,000 in debt, in need of financial & life advice
- Landlords disappeared, now what?
- A story about a financial advisor who tried being dishonest with my grandma
- Continually sent to collections for paid bills
- Mom won't give tax info for FAFSA. Need to get a loan so I can register for classes.
- Becoming a Fed, how can I start out on the ‘right’ financial foot?
- 7,000 just for being diagnosed with Bell's palsy
- Is there a way to set up a 529 Plan for a child that makes it easy for people to donate to it one-time or regularly?
- Be cautious of your doctor's billing department/third party contractors.
- My parents offered to add me as an authorized user on one of their credit cards to boost my credit score. Is it legal?
- Started my first “grown-up” job six months ago, am I doing this right?
- How can I make it on my own with financially controlling parents?
- I’m so confused on why my car insurance quotes are outrageous
- Can someone ELI5 to me why the USAA target-retirement funds all dipped recently? (URTRX, URFRX..etc)
- Can I skip a credit card payment if minimum payment is $0? Small balance
- Mom (60’s) has no savings and needs a job to support herself
- Living alone soon, worried about budgeting
| Posted: 29 Dec 2019 10:29 AM PST Hello. I'm a 23-year-old living in Portland, OR. While we were living in Washington, my family had me co-sign on a full year lease for the place they were living in order to "build my credit". I unwittingly obliged, and later moved out and into an apartment with my current partner. About a half of a year ago I found out that my parents had broken the lease we had all signed, by way of applying to apartments in Portland, only to be rejected for having an eviction on my account. My parents were apparently court summoned, but did not show. I am now estranged from them, and desperately want to move, but my options seem incredibly limited. Is there any way anyone can rent to me in this situation? Even if I am the roommate and not the main lease signer? Should I contact a lawyer in order to sort this out? Can I be in contempt of court if I try to pay off the bill? More info: It was only two or three months into the lease when they broke it. Both me and my partner have over 740 credit scores. [link] [comments]  |
| Posted: 29 Dec 2019 07:58 AM PST Several of my coworkers use apps or services that allow them to receive their paycheck early. (i.e. Get paid on the 29th of the month instead of the 31st) They are always gushing to me about how nice they are but I feel like I'm missing something? The apps don't shorten your pay period, they just shift the dates? So if you get paid every two weeks you're still getting paid every two weeks, it's just a different two week period than the rest of your coworkers? What is the virtue of these apps then? [link] [comments]  |
| Change the due dates of your credit cards Posted: 29 Dec 2019 06:14 PM PST One of my most recent financial moves that has relieved a lot of stress is changing the due dates of my credit cards. I get paid once a month on the last business day of the year. My credit cards were usually due around the 27th, before I would get paid. I found out it was very easy to request a change of due-date online with my credit cards. It took about two payment cycles to get them all due on the 3rd when my bank account has been replenished. I'd recommend this to anyone who is also paid monthly. Edit: I pay extra to principal on my mortgage, max out a 403b, Roth IRA, and have a couple investment accounts. I mostly just wish my employer would pay bi-weekly since I have my different payments and investments set at the beginning of the month. [link] [comments]  |
| VTASX vs VTI? What's the difference? Posted: 29 Dec 2019 01:27 PM PST VTSAX is Vanguard's Total Stock Market Index Fund and is listed as an Admiral share with a $3000 minimum investment and a .04% expense ratio. From my reading, admiral shares require a highish minimum investment because they have a lower expense ratio. But Vanguard's other total stock market fund, VTI, has a .03% expense ratio. Why would I chose the admiral share version over the no-minimum version when they have the same performance numbers? And if the Admiral Fund is better, would it be better to save up until I have $3k or put the money in the other fund and move it once I meet the threshold? [link] [comments]  |
| Posted: 29 Dec 2019 02:41 PM PST I'm a 24 year old guy and My best friend has suggested I use the service to monitor my credit for a while now. However he went to purchase a new vehicle recently and when the dealership pulled his credit they claimed it showed over 40 points less then what Credit Karma said. Why would that be? Is it super delayed in updating to a recent score? Does it leave out crucial information? I just don't want to be basing my financial decisions on bad information. Thanks! [link] [comments]  |
| Concerns about writing a check with the pay to line blank Posted: 29 Dec 2019 08:51 AM PST Bought some furniture this weekend from a flea market using a check. The vender asked me to leave the "pay to" section blank stating she might use it for rent, but I put her name in the memo. Is this a red flag? Should I be concerned? [link] [comments]  |
| What happens if you invest in a 529 but your child ends up getting a full-ride? Posted: 29 Dec 2019 03:19 PM PST Also, what's the advantage of using a 529 over a basic savings or money-market account? [link] [comments]  |
| 26 Year old Med school dropout, $87,000 in debt, in need of financial & life advice Posted: 29 Dec 2019 03:36 PM PST Hi PersonalFinance, TLDR : I'm distressed and contrite of my current situation explained below. I need financial and life advice on how to move forward. FULL POST : - 2015 / I made a personal and well informed decision to discontinue my medical school education in 2015. I moved in back with my parents at 22 and got a job as a telecommunication sales rep.
With all the losses, I'm in around $87,000 in the negative with about $50K of it in student loans. I've moved in back with my parents at 26 (will be 27 in a few months) to reassess my situation and figure out how to move forward. I am a Canadian with a degree in Bsc but do not want to work in the medical field. I don't want to debate my choice to leave or rejoin medical school, that ship has sailed. I'd like advice on what type of jobs to look for with a salary range and how to methodically pay down the debt. Any other financial advice is appreciated. [link] [comments]  |
| Landlords disappeared, now what? Posted: 29 Dec 2019 03:55 PM PST I leased an apartment from the Willowbank company in Syracuse, New York. A week ago I received an email stating that my online portal has been deactivated. I went to check, but I could still log on. Yesterday I received another email inviting me to use another website to make payments (Geiger property management, https://geigerpm.appfolio.com/connect). I can also no longer log onto the old website (https://willowbankcompany.appfolio.com/connect/). I tried contacting Willowbank via email and phone, but received error messages that I have been blocked. I am worried about two things: Firstly, this is some kind of scam and I'm going to be paying money to the wrong group. Secondly, it isn't a scam but no one informed me that the property changed hands. What's going on and how can I get ascertain if I should be paying this new group instead? [link] [comments]  |
| A story about a financial advisor who tried being dishonest with my grandma Posted: 29 Dec 2019 05:19 PM PST My grandma went to see a financial advisor and then afterwards she told me about the meeting and how she found a really good financial advisor who had all these numbers/funds who were above the market average. Then I look at the numbers and see that's all comparing gross profit to gross profit, so I have her send a follow up email basically asking to see the net Margin instead and then those numbers showed exactly what my assumption was thinking: after seeing all the fees he would have squeezed from her, the fund performance was much lower than the market performance. Just make sure if you see or know anyone who sees a financial advisor, that they understand all the fees and the ways they can be misled. (Though id argue for most people, following this sub will be enough and a financial advisor isn't necessary for 95% of people) [link] [comments]  |
| Continually sent to collections for paid bills Posted: 29 Dec 2019 12:37 PM PST I've seen a couple posts on here and online for what to do when you've been sent to collections for a bill that has been paid but I've now been threatened collections twice and sent to collections three times all for bills that have been paid. These are all from the hospital my wife and I had our child at. To make it better I'm a contractor for the hospital. I originally went in with the two notices threatening collections and basically said "what the hell I've paid these", showed the receipts, and got it cleared. About a week and a half later I got a letter from collections for another bill. I went back in said wtf again and had the hospital date and sign the receipt for extra proof and had them contact the collection agency to have them call me and make sure it didnt hit my credit. Now two weeks after that I've got another letter from collections 🙄. Thankfully my wife is a two time all state paper trail keeper so we have proof and encounter numbers for all the checks & bills but I'm at the point where I think I need to get a lawyer involved or something to make this stop or I'll keep getting sent to collections indefinitely. Any help or ideas? I want to avoid anything legal if possible considering I'll almost certainly loose my job. [link] [comments]  |
| Mom won't give tax info for FAFSA. Need to get a loan so I can register for classes. Posted: 29 Dec 2019 11:26 AM PST Title says it all really. I cant get the required info to fill out my FAFSA so I need to get a personal loan to get enough funds to go back to school next semester. What steps do I need to take and what info do I need. I currently have bank with wells fargo and newly Bremer. I have student loans from the government direct loan service that uses your FAFSA info. Would I be able to get a loan through this service without my mother's tax info some how? I have not filed taxes for a few years as I only started working again this summer. [link] [comments]  |
| Becoming a Fed, how can I start out on the ‘right’ financial foot? Posted: 29 Dec 2019 03:26 PM PST I will become a federal employee soon and have a few questions. I am 27y/o and will be making $63k once I enter, which is nearly double my current salary. So I want to make sure I am starting this journey on the right foot. I currently have $8k in a split 401k (my contributions are Roth, the 3% company match in Trad). I will be rolling this over into the TSP, but am not 100% which direction to go. Do I stick it all in a L fund and forget it, or do I start hard in the C Fund. Or do I allocate amongst the L, C and S funds. I assume it's best for me to continue my contributions as Roth since I intend to retire at a higher salary. Next question is banking. I currently have Capital One and enjoy it, but was considering Navy Federal Credit Union, although I'm not seeing a major reason to switch. Except for their support during furloughs. The Capital One 360 Performance Savings is nearly two percent in interest, and I have several small(ish) savings accounts benefitting from that. I don't see anything like that nearly competitive at NFCU. Also, I don't want to have my checking at one, and savings at another again. Been there done that and waiting 2-4 days for my money to come from the checking and get deposited into the savings is annoying. I rather have it all the same bank because I am constantly moving things around. So am I missing any major benefits from a Credit Union by staying with Capital One? I will be doubling my drive from 35miles to 65 miles one way. Luckily it's only a 15 minute difference so it doesn't bother me too much, especially since I'm doubling my pay. I will need a car probably within a year or two because my car runs okay currently but KBB is $2k or under, and it's 14 years old. We know it's only a matter of time before the major issues start appearing. I plan on driving it for as long as I can (and getting AAA membership), but I need to start saving/prepping for a car payment to get something new and under warranty with way better gas mileage (I'm currently in low 20s). I will be doing about 31k miles yearly just in commute alone. So I think just putting a savings account to the side and contributing monthly to it will be okay, unless there are better ways to prepare for a new vehicle to maximize savings? I don't even know where to begin on health plans, but I assume that's not as much of a PF question. I think that's about it for questions. Advice appreciated. [link] [comments]  |
| 7,000 just for being diagnosed with Bell's palsy Posted: 29 Dec 2019 05:05 PM PST This is my first time posting here so hopefully I'm doing this right! My boyfriend is 19 and he got diagnosed with bell's palsy today. He has tmj, that's caused by stress and causes many similar symptoms as bell's palsy, but today it got so bad he went to the hospital. He went in and he told him his symptoms, that he had tmj, and they told him he has bell's palsy and that was it. No tests or anything. They said the bill would be $6,700. He doesn't have insurance bc he is literally fresh out of high school. He is low income and lives with his mom and 2 younger sister, so it's just him and his mom working, and most of their money goes to paying rent, paying phone bills, and groceries. Hes already working 3 jobs and there's not much more he can do. Hes gonna get an itemized list of everything they're charging him for in the mail soon but, is there anything he or I can do to make the bill lower or anything ?? Is there a way he could maybe get the bill written off ? Any suggestions or help would be super appreciated. I really just, need some sort of plan to follow because I want to help him get out of this as soon as possible because be has been kicked out by his mom a few times before and I don't want that happening again. Thanks reddit. [link] [comments]  |
| Posted: 29 Dec 2019 11:55 AM PST It's for a friend who passed away's young child. We batted around some different options and we want to set up a 529 that can grow and people can donate to it over the next x amount of years. We want it to be easy for people to donate, kind of like how easy it is to donate to a GoFundMe or something like that. [link] [comments]  |
| Be cautious of your doctor's billing department/third party contractors. Posted: 29 Dec 2019 06:49 PM PST This just happened to me recently and I'd like to share this in the hopes that it would help others that might run into this situation. TL;DR/Moral of the story: always double-check whether your doctor's billing department bills directly to insurance or does it through a convoluted intermediary. I went to a PT office in Aug and got a splint done for my wrist. I double-checked with the front desk to verify my insurance coverage and paid the deductible up front. A few months go by and I get a bill all of a sudden for the remaining balance of the splint. I called the office to inquire and they informed me that they actually use a third party biller and provided me with their phone number. I called the biller and was told that they billed my insurance for the splint but the claim was denied and as a matter of fact, my insurance does not cover splints. Now even though I had an HDHP, it was a group insurance plan through my employer so I knew we had pretty good benefits and I would at least get a discounted price if nothing else (vs the full price I was billed). So I called my insurance to see why they would deny the claim. The rep told me that they did not in fact, receive a claim at all from the biller so there is no way they could have denied it. At this point, I was pretty frustrated so I called the biller again and told them that my insurance didn't even receive a claim. The billing office was adamant that they billed the splint and even gave me a claim number. So I ended up calling the insurance yet again to give them the claim number. Not surprisingly they weren't able to find any claims associated with that number. I asked them how that may because I went to that office a few times after I got the splint for physical therapy and every time the services for my PT were billed and processed by my insurance. The rep did some digging and found out that the biller from the PT office actually bills all services to an intermediary healthcare service that in turn have a contract with and bills my insurance for anything PT related. BUT here's the kicker: they only bill PT related services but not prosthetics/medical equipment like splints. At this point, I realized that the biller for the office billed the splint to the intermediary instead of billing my insurance directly. Now I want to give the biller the benefit of the doubt but they have been around for a while so there is no way they could not have known the claim would have being rejected. I'm guessing they billed the intermediary on purpose knowing it would get rejected so they can bill me directly for the full amount because my insurance "rejected" the "claim". In the end, the insurance rep transferred me to another department that called the biller directly on my behalf and not a day later I see a claim for a splint that had a much-discounted rate than what I was billed for. [link] [comments]  |
| Posted: 29 Dec 2019 06:05 PM PST The only credit I have is 24k in deferred student loans so my credit is pretty bad due to 100% utilization, and low credit age. My parents have a 22 year old line of credit with a very high limit and near zero balance. My dad said he can add me as an authorized user and just not give me a card and it would boost my credit score, but it sounds too good to be true, would it be fraud? [link] [comments]  |
| Started my first “grown-up” job six months ago, am I doing this right? Posted: 29 Dec 2019 04:42 PM PST 26F in TX, making $80k annually I grew up in a low income household where we lived pay check to pay check. My parents worked very hard but were immigrants, having no education and speaking no English. Given the circumstances, we never had left over money to handle and I wasn't taught the best financial practices. Fast forward, after putting myself through college and grad school, working lower paying jobs (my entire income went to supporting myself and paying as much of my schooling out of pocket as I could) I now have a good chunk of disposable income. Since I started my job, I've used extra money for things I wanted to do before and couldn't afford like paying off my credit cards, saved up for a small down payment on a car, and took a vacation. Moving forward though, I want to be smarter about my money. I do track my spending and budget monthly but feel like I should be doing more. I have $1900/month in monthly expenses(including student loan/car payment) Debt: a $22k car loan (got the car recently as my old car was barely holding on for dear life) $31k in student loans Also, I put 6% my income into my 401k. My company matches up to 6% so it seems like like a no brainer. My next goal would be to buy a home but I don't know where to start. Should I just save money? Should I pay off my car/student loans first? Should I be investing? Since I'm still young I want to make sure I start making good financial decisions sooner rather than later. Thank you! [link] [comments]  |
| How can I make it on my own with financially controlling parents? Posted: 28 Dec 2019 10:51 PM PST I've just graduated from college and I'm lucky enough to have parents who are very well of financially, but I do not think I want their help anymore. This is primarily because whenever I receive *anything* from them, my father belittles me, rubs it in my face, and makes me feel guilty for receiving it. They have always been very controlling (not letting me walk outside as a teenager, did not go places with friends ever) and even now there is pressure to include them in everything that I do. Apartment shopping? Can't go without them, even though I will be the one paying for it. I've just accepted an offer for ~95k/year, yet my father still thinks I will not be able to succeed without their help. I'm tired of constantly answering to him for my life decisions, and being told that I can't or don't have the resources to do things in life. I'm 23 years old and I want to be free. My father constantly talks down to me, saying that I know nothing about the real world and am too immature. For reference, I have researched and planned extensively, budgeting the next two years of my life down to unexpected costs, tax deductions and retirement, yet it is not enough to him. I want to be free from their influence and make it on my own. Can I do it? How? Edit: Wow! Firstly I want to thank you all for your kind and thoughtful responses. I didn't think I'd get this much feedback. I'd like to clear up a few things--I see a couple people referring to me as "he" but I am a woman, and this is partially why they claim they are so protective of me (the world is dangerous for a single woman, etc.). So I don't know if this would change anyone's response, but there it is. My parents currently pay my phone bill, health insurance, and car insurance. I have no idea how I'd be able to get the phone or car insurance transferred over to me without fighting them for it tooth and nail. I have dreams of attending graduate school, and I don't know if this would be possible anymore if I refused help and tried to escape them. For some more background detail, my sister made some poor life decisions in her young adult years, and this projects onto me because for some reason my father is incapable of seeing us as individuals. He thinks we are the same, think the same, and even though I will be making much more than my sister, he assumes I will need help anyway simply because *her* financial situation was poor. It's like thinking of us as two separate people is just too mentally strenuous for him, and I've paid the price for her mistakes ever since she was a teenager. [link] [comments]  |
| I’m so confused on why my car insurance quotes are outrageous Posted: 29 Dec 2019 04:12 PM PST Hello, I am 19 looking for car insurance. Everytime I look for a quote w/deductibles it's always 1000+ a month. I just financed a 2014 Toyota and I'm just trying to get a solid insurance without having to be on my parents insurance. I've looked online and I haven't really seen why it's so damn expensive. I have no accidents on my record either. [link] [comments]  |
| Can someone ELI5 to me why the USAA target-retirement funds all dipped recently? (URTRX, URFRX..etc) Posted: 29 Dec 2019 06:17 PM PST https://i.imgur.com/KrccVX9.png Just curious, I am looking at putting some money in because it looks like a good time to do it, but is there more to it than it just dropping? [link] [comments]  |
| Can I skip a credit card payment if minimum payment is $0? Small balance Posted: 29 Dec 2019 12:18 PM PST I have a $150 balance on a credit card and the minimum payment is $0. The check I was expecting on the 31st will come on the 15th and I could use a bit more cash at the moment. If I don't pay anything at the closing date, will I be charged interest on the $150? [link] [comments]  |
| Mom (60’s) has no savings and needs a job to support herself Posted: 29 Dec 2019 03:32 PM PST My mother is in her 60's and is having trouble finding a job for herself. I'm currently paying for all her bills and paying the mortgage for her house. I can't afford to support her much longer so I need advice onto where she can find a job as a senior and what she should apply for. She's already applied for places at grocery stores but hasn't gotten it. Any ideas? Edit: She's about $15k in debt. Home is worth about $400k with $70k left on the mortgage. She's fairly fit so I'd give about 10 years in the job market. She currently has a part time job at the local library but it on li pays $500 a month... [link] [comments]  |
| Living alone soon, worried about budgeting Posted: 29 Dec 2019 05:26 PM PST Location: Indianapolis, IN / Noblesville, IN Take home: ~$2,400 Phone bill: $59/mo Car Insurance: $94/mo Recurring leisure: ~$25 Credit score: 695 as of 12/23 based on Credit Karma. No car payment or outstanding loans. Based on what I've read, it is recommended to have a rent of 30% of take-home income. Currently what I'm finding is closer to 35-40% base rent, then add in utilities. Expanded below: I've found a place 5 minutes from work, one bed one bath, $895/mo with a $1,000 credit on the account if I move in before 1/15. The property manager showing me the apartment said her gas and electric tend to sit around 250-300/mo in a 3 bedroom apartment in the same complex. I believe that would put me around $150 max for utilities, raising my payment/month to $1040 + water/trash/sewer, for a total of ~$1080. I wanted insight to make sure I wouldn't be shooting myself in the foot to move to this area, as I've never been without a roommate, and don't want to ding my credit history due to oversight. Thanks in advance! Edit: I would budget grocery off of what is left once I've fully broken this down. I'm less concerned about grocery cost due to the gas savings from moving closer to work. I also don't spend much on social activities as I am more of an introvert and homebody. [link] [comments]  |
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