Personal Finance Job Loss Megathread: unemployment resources, state-specific information, and help |
- Job Loss Megathread: unemployment resources, state-specific information, and help
- Can’t Make Your Car Payment?
- 5 Year review of Champion / New Image Modular Home
- Toyota Financial Claiming I Never Paid My Truck Loan, But I Traded It In in 2012!
- AT&T new Facebook scam
- $6,000 stolen from my checking account
- Mortgage just shot up $400 a month
- Purchasing Acreage. Lots of it.
- Credit score is stuck at 679, when it needs to be 680 to be approved for a home loan.
- If you need life insurance, move quickly
- Forgot about $8.74 I made off stocks for 2019. Should I revise my taxes?
- Best way to stretch about 30 bucks for groceries? Rice and chicken legs?
- I think i shouldn't refi my 4.5% mortgage to 3.125%
- Trying to find a solution
- Got a proposed amount due bill, about my 2018 tax return, and cant reach IRS about it. Advice on what to do about it?
- The mortgage company sold my parent's fixed rate loan, the new company says we owe them an $11,000 activation fee, and apparently this has happened more than once adding up to $40,000.
- Bad time to switch financial advisors?
- I got gifted a green dot card for my birthday. I’m 16. What do I do with it? Should I just give it away? Sorry if this isn’t the right place.
- Transferring from Wealthfront to Vanguard
- Should I take my defer option?
- Please remember that the IRS will not call you asking for your bank account information!!
- Employer has stopped contributing to the firm's 401(k). Should I stop my contribution also?
- Bank of America balance transfer woes
| Job Loss Megathread: unemployment resources, state-specific information, and help Posted: 18 Mar 2020 03:43 PM PDT If you lose your job or have your hours cutRead Be prepared if you're resigning or quitting, have been fired, or are being laid off from the PF wiki. In particular, if you were laid off or fired, apply for unemployment as soon as you can assuming you were not fired for misconduct (i.e., terminated for cause). The entire process can take weeks so do this as soon as possible. Please also see our Coronavirus MegathreadLocation-specific informationIf you're outside of the US, please see our country index and check for a megathread or resources on a country-specific subreddit (if available). This list of resources and links is originally based on this submission from /u/bigdamncat and this comment from /u/ryuukhang and we're making updates as more information becomes available. Edit: US Territory InformationThe following links are for US territories that are not states: the District of Columbia, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands. Please note that at this time, we could not find information specifically related to COVID-19 for these areas, so we have linked their general pages for the offices that handle unemployment compensation. We encourage any readers in these areas to reach out to those offices and/or apply for benefits even absent specific guidance related to COVID-19. If anyone finds specific pandemic-related information from these territories, please send a message to the moderation team so we can update the links.
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| Posted: 31 Mar 2020 09:52 AM PDT It's going to be a financial nightmare for many people soon or maybe is already. I just wanted to share some tips as a former collections person (who once repo'd cars 😳) if you might soon be or already are unable to make your car payment.
UNABLE TO GET IN CONTACT WITH A CUSTOMER SERVICE REP OVER THE PHONE? Check the lender's website. Some now offer the Due Date Change option online or email them. I hope these tips help during this difficult time. Please contact your lender to verify which options you have available. Stay Safe Everyone. [link] [comments]  | ||||||||||||
| 5 Year review of Champion / New Image Modular Home Posted: 31 Mar 2020 08:32 AM PDT Here is my 5 year review of buying, building and living in a Champion New Image Modular Home. I ordered a New Image 3 bed 2 bath home in 2014. A simple single story house on a basement. Paid $20k to have a septic mound installed and another $20k for a full basement and $15k for excavation work. The set of the house went easy with a crane setting the house. After that I realized these houses aren't all they are claimed to be. Entering the house the wiring was hanging in the basement. I had to hire an electrician to finish the fuse panel box and get that inspected. The supply line plumbing in the house was not quality controlled. Every single piece of plumbing done by Champion wasn't tight. The drywall had to be cut the get into the connections and do what should have been done in the factory. The J-traps under the sinks were all loose. So in a new house I have ruined wood under all the cabinets due to waste water leaking. There is no central connection to hook the supply water to. You have to pay a plumber to hook every supply line up and pay to hook every waste water line up to a central line. Next pleasure, these are built with particle board baseboard, so in every bathroom and where your dog drinks water the baseboard comes apart. I opted for electric baseboard heaters since these are supposed to be insulated really well. They are not. It cost over $500 a month heat this place. Piggybacking on the insulation – The walls don't seem very insulated. Every time a vehicle drives past I mine as well have to doors and windows open. This place is loud. The quality of life inside is horrible due to hearing every sound outside. The doors and windows don't stop any sound. The weather strip around the door isn't even solid. I've had to piece it together to stop the noise, bugs and heat loss. Speaking of windows, particle board again around the windows. So if your window is open and it rains – ruined particle board. The structure isn't quite there either. The floors squeak when you walk across the floors. I've shimmed till my heart's content but it seams another always starts. When you run the washer, the rinse cycle shakes the entire back half of the house. The sliding glass door literally vibrates. The washer isn't out of balance. Just this house seems to have little structure integrity. The back wall where the guest bathroom is warped. It will take tearing the siding off the figure out what is going on behind it. Literally looks like a wave running down the wall. The siding is also junk. I've had to reattach this stuff every spring. It seems the factory wanted save money and didn't put any overlay in. In the winter it shrinks and you can see the weather wrap underneath. That leads to it unsnapping from itself and me getting a ladder out and trying to reattach it. It has also faded. I had to replace two pieces (I have original siding) and the color difference is huge. The exhaust vent from the kitchen wasn't installed correctly. It vented right into the attic. It's been fixed but now there are mold marks where the damage was done. The bathroom vents weren't insulated either so the water would condensate. It damaged the insulation in the attic and it would literally pour condensation from the fan onto the bathroom floors. I wish I could say these houses are the way to go but I feel like I bought a 100 year old fixer upper rather than a brand new house. So that's my review. Hope it helps you in your decision on buying a new modular from Champion Home Builders / New Era Building systems. [link] [comments]  | ||||||||||||
| Toyota Financial Claiming I Never Paid My Truck Loan, But I Traded It In in 2012! Posted: 31 Mar 2020 06:00 AM PDT I bought a low-end model pickup truck back in 2008, and took the loan through Toyota Financial Services. It was a 5 year loan, and the amount financed was somewhere around $20K. Never missed a payment, though I'm sure I may have been a week or two late once or twice over the course of the loan. In 2012, I decided to upgrade to a slightly bigger truck, so I traded in the 2008 truck for a 2012 model at a Toyota dealership. I had just a few payments left on the original loan (I'd guess under $2K in principal remaining), so the dealership took the trade in, and my loan for my new truck was through a different lender. I haven't heard anything from TFS since then, so assumed that the normal process of the dealer paying off the lien to receive the title happened. Yesterday, I received a letter from TFS claiming that I owed them $15K on that original loan! They're giving me 30 days to contest the charges. I've called them, but their offices are on limited hours/staff due to the virus, so haven't actually spoken to anyone yet. I'm living at the same address since the original loan, so no chance that they sent any delinquency notices to another address and I missed them. I'm pretty certain that I've discarded the documents from that original loan -- was over 12 years ago, and I'm usually pretty diligent about shredding unneeded paperwork. So what are my steps from here?? Do I deal with TFS? How do I prove to them that I made all those payments after all this time? Or do I let the dealer that I bought the second truck deal with it? After all, they're the ones who took it as a trade in and were supposed to ensure that the lien on the first truck was discharged as part of the process. Any advice as to the best steps to follow to get this resolved? As it's freaking me out to think that this may have been messed up! [link] [comments]  | ||||||||||||
| Posted: 31 Mar 2020 11:58 AM PDT I got a call from "att", they left a message saying someone had committed fraud on my account and to call them back. I called the number (already suspicious) and it said welcome to att and had the proper hold music. I got in touch with a guy that gave me a name and employee number. I knew it was wrong when he "confirmed" the name on the account, he used my name on Facebook (that I have set to completely private, well as private as it goes it seems), and my Facebook name is a nickname I've never used for business before. I confirmed the information because I wanted to see where the call went. He instantly threw out there was a fraud against my account for two iPhones for $2400 and that he needed my passcode to verify my account. When I said I was told to never say my passcode to someone, he said because of the virus they have restructured their rules. He pressured me for about 10 minutes while I wasted his time acting dumb. Finally I said I'd give him the info if he answered one question and I asked him how he could live with himself knowing he's hurting people. He hung up on me. And I called the number back and it switched to voicemail haha. I left him a scathing voicemail and am now waiting on the real att fraud dept to get back to me. TLDR: DO NOT accept calls from people claiming to be att, It is not att. [link] [comments]  | ||||||||||||
| $6,000 stolen from my checking account Posted: 31 Mar 2020 01:16 AM PDT Hi, this is my first time posting here, I am a victim of fraud for the first time in my life. I'm seeking some guidance on what steps I should take to remedy this. I looked at my checking account today and I noticed that there was a electronic bill pay check written under my name to an unnamed source. The check was under my name and address. I called my bank provider (ally bank) and after an hour or so conversation was able to open up a dispute on the charge. They also closed my old checking account and transferred the remaining funds to a new one for me. They said the would get back to me within 10 business days and to call the company (interactivebrokers.com)that the fake check was written to. I don't have an account with them and haven't heard of them until today. I spoke with a support rep and he said would escalate my issue to a higher up and took some information from me regarding my old bank account number the payment was made from and said they would get back to me tomorrow. Neither of these conversations left me feeling 100% confident I would see my money returned and I'm stressing out with the end of the month coming up as I can no longer afford rent due to this. I want to know what are my options with this in terms of recovering my money and what other steps I need to take to better my odds at getting it back. Thanks you to all that answer in advance [link] [comments]  | ||||||||||||
| Mortgage just shot up $400 a month Posted: 31 Mar 2020 09:05 AM PDT Typing this on mobile, sorry for bad formatting. I purchased a home last year. When it was time for me to sign I noticed the mortgage payment wasn't the same as I thought it was going to be. $2200 vs $2000. So I questioned it. My mortgage broker told me it was due to taxes and I would have to file homestead exemption, I tried to reach out and was told that since I filed it at my old location I didn't need to file it again until the following year. When I told my broker this he rewrote everything to sign basically at the $2000 I thought everything was good until this year during a reassessment of my escrow. Come to find out my escrow paid for $2000 of the $4000 taxes I owe, so not only do I owe that back, but now my escrow payments are higher as well. This is a very difficult time for this to happen considering this virus has put a damper on my sales at work. What options do I have here? I'm not sure why my taxes are even where they are. I filed homestead exemption and it was approved. Yet my taxes are $1000-$1500 more than my neighbors. I was looking into refinancing my mortgage to get my payment lower, but really unsure if this will help much. [link] [comments]  | ||||||||||||
| Purchasing Acreage. Lots of it. Posted: 31 Mar 2020 06:03 PM PDT I have been playing with the idea to purchase land. Specifically in the western part of the US. I would like it as a possible vacation area and it have a possibility to be sold for some profit later aka retirement. I am talking about acreage. Not built up. Though electric and water would be a plus. Is this something worth pursuing? I see 5 to 10 acre plots for only a few thousand 15 to 25. Any input is appreciated. Ideally such as location suggestions or overall investment strategies. [link] [comments]  | ||||||||||||
| Credit score is stuck at 679, when it needs to be 680 to be approved for a home loan. Posted: 31 Mar 2020 02:41 PM PDT Hey everyone. My wife begins her medical residency in June, and now that we have income (we were both students for a long time, and I am still a student), we are looking to purchase a house. She has better credit than me, but the other advantage of the loan being in her name is that she can get a physician's loan, which allows for no money down, no PMI, student loans not being factored into DTI, and several other things. My wife checked her three-credit report on Experian last week. According to the numbers she received, she met the requirement of the middle score being 680 - her low number was 683, her middle number was 690, and her high number was 692 (Experian, Transunion, and Equifax, respectively). After seeing that, she called a mortgage banker in the same city as her residency and inquired about a physician's loan. He pulled her numbers, but for him, the numbers came back as 665 (Transunion), 679 (Equifax), and 702 (Experian). We were a little confused as to why his results were different, but he recommended that we try and pay a chunk of one of her credit cards to get the score to go up. We paid roughly 50% of the balance on one of her credit cards and waited a couple days before checking her score again, even getting the credit card company to push through an update to the credit bureaus. When she checked her scores on Experian again, they were 685 (Experian), 690 (Transunion), and 698 (Equifax). We thought we were clear, so she called the same guy at the bank today and had him pull the scores again. When he pulled the scores, they came back as 678 (Transunion), 679 (Equifax), and 725 (Experian). Yet again, we fall short by one point. Is there any reason for this discrepancy? Why are his numbers so different, and why did the middle number on his end stay the same, even after the credit score went up? Any advice/insight is much appreciated. [link] [comments]  | ||||||||||||
| If you need life insurance, move quickly Posted: 31 Mar 2020 11:34 AM PDT I searched the sub for a topic like this, and came up empty. Here is an article from Barron's With Covid-19 spreading, life insurers are scrambling, which could lead to denial of coverage and/or increasing rates. There are a lot of people who solely rely on their employer's coverage. With people being laid off, don't let this be something that you let slip through the cracks. I'm not saying everyone should rush out and get life insurance, but if your death would create a financial hardship on anyone then please make sure you take care of this before it's too late. [link] [comments]  | ||||||||||||
| Forgot about $8.74 I made off stocks for 2019. Should I revise my taxes? Posted: 31 Mar 2020 01:37 PM PDT Tried my hand at stocks early 2019 and it wasn't for me. That being said I totally forgot all about it until someone at my work brought theirs up. I made less than 10$ on gains. Ive already done my taxes and have gotten my return. Just figured I'd ask what my next step should be. Thanks! [link] [comments]  | ||||||||||||
| Best way to stretch about 30 bucks for groceries? Rice and chicken legs? Posted: 31 Mar 2020 04:58 PM PDT Going to have a bit of a dry spell (few weeks) here with being laid off due to covid before ei and relief benefits kick in, have rent and utilities/etc put aside and dont want to go further down the debt rabbit hole, that being said, what groceries go the longest? Starches of course, but as far as meat and veggies go everything seems pretty expensive - lookin to brainstorm some ideas and hopefully help myself and others out! [link] [comments]  | ||||||||||||
| I think i shouldn't refi my 4.5% mortgage to 3.125% Posted: 31 Mar 2020 04:00 PM PDT Hi all, This isn't quite an obvious question. I have a 152k mortgage at 4.5% but with an extra 102k deferred principal due when the 152k is paid off (i owe 254k to mortgage company). I pay no interest on that 102k but if i were to refi i would have to do the whole amount (152k + 102k). Since wife and I are in our 40's and recently had a baby we're trying to see if a refi makes sense. Just about everyone tells me yes but I'm not so sure. I got some refi offers and put together some scenarios with Karls Mortgage Calculator. My current mortgage situation: 152k mortgage at 4.5%, 177mo remaining (14yrs, 9mo) 102k deferred principal (due when 152k is paid off. I pay no interest on this) $333/mo auto payment, 47mo left. I can send this money to mortgage once car is paid off. $450/mo investing to vanguard index fund (currently at 40k). This may help payoff mortgage in future. Here are 3 options i thought of... Ex1) Stay the course. Keep 4.5% mortgage, 102k balloon, keep funding vanguard *When car payment is done in 47mo, send that $333/mo to mortgage. *Keep funding vanguard at $450mo. Hopefully grows to 102k Total cost is $301,322 ($47,322.41 is interest) and I'm done in 143 months (11yrs, 11mo). Ex2) Refi to 3.125% ($262,332 Loan), keep funding vanguard *When car payment is done in 47mo, send that $333/mo to mortgage. *Keep funding vanguard at $450mo. Total cost is $367,309 ($104,977.32 is interest) and I'm done in 263 months (21yrs, 11mo). Ex3) Refi to 3.125% ($262,332 Loan), pay down mortgage instead of vanguard *When car payment is done in 47mo, send that $333/mo to mortgage. *Stop funding vanguard now, send that $450mo to mortgage. Total cost is $332,902 ($70,570.23 is interest ) and I'm done in 183 months (15yrs, 3mo). What are your thoughts? Did i do this math and scenarios right? [link] [comments]  | ||||||||||||
| Posted: 31 Mar 2020 04:19 PM PDT Hello everyone, So I live in Lebanon here we use our home currency and USD to buy or pay for stuff. 1$ used to be around 1507LBP but because of the revolution and after that the corona now 1$ is around 2800LBP in the black market, and there is no one who can stop that. Plus my salary was cut off by 25% and now I get around 600LBP thats around 215$. Very bad stuff happening in my country and I need an advice so I can raise some cash online or something. Btw we can't withdraw USD from our banks, before we used to do that but now no. I only can get USD using western union from the outside. Any idea how to start my life again maybe something online can make me work for some cash to add them to the 215$ I get every month? Thanks in advance! [link] [comments]  | ||||||||||||
| Posted: 31 Mar 2020 08:34 AM PDT So I recently got a letter from the IRS about my 2018 tax return. It was dated for last week, but I got it yesterday on the 30th. There's so much thats confusing me, especially since I file yearly and its taken two years to finally get news about this (among the amount and how much income I "unreported"). Obviously I'm confused and trying to reach them, but I cant reach a person and the automated service is useless. Due to the virus, im out of work and dont have too much in savings. I literally STARTED to save money right before this hit, I was making enough to afford putting some to the side. Then got cut a month later... I can't afford some surprise bill due towards the end of April, especially without knowing what its even about and why it exists. Ive tried calling four times now, each time I either get automatically told the live systems are down and will be up eventually, or they can't process my request at the moment and to call back later. So if I can't contact the IRS, and apparently owe money, what exactly am I to do in this situation? I can't afford to even pay them if I wanted to and figure out later, but apparently the amounts due next month so I'm lost and would appreciate advice. [link] [comments]  | ||||||||||||
| Posted: 30 Mar 2020 11:27 PM PDT This just does not sound right to me. I know nothing about finance and my parents are too old to give a damn anymore so this is all falling on me if I don't want to be homeless (the danger is not immediate but it will be the end result if I do not resolve this). They said even if we paid off our mortgage we still owe them these activation fees from them selling our contract to other companies apparently totaling $40,000. This doesn't make sense to me, so because they sell the mortgage to somebody else we owe them money? How do I even look into this more? I don't know who I am supposed to call or what paperwork I need or anything. I am lost and I can't pay them these activation fees. This sounds like some predatory loan thing to me that doesn't sound legal. This is in Michigan, USA if it makes a difference. [link] [comments]  | ||||||||||||
| Bad time to switch financial advisors? Posted: 31 Mar 2020 03:53 PM PDT I've been contemplating switching financial advisors for some time, primarily to save on fees, from a traditional advisor to something more robo. I have several accounts (IRAs, Roths, REITs, Trust). With the recent value changes, is it prudent to move now or wait? Many places liquidate the investments you transfer over in favor of their own funds, strategies. [link] [comments]  | ||||||||||||
| Posted: 31 Mar 2020 07:06 PM PDT The card needs my ssn and all, and I don't feel comfortable giving that out nor do I think a prepaid debit is legal for a minor? [link] [comments]  | ||||||||||||
| Transferring from Wealthfront to Vanguard Posted: 31 Mar 2020 04:16 PM PDT Hi, I decided to stop using Wealthfront and to transfer all my holdings to vanguard. Now, I'm wondering: will Vanguard display the cost basis for my shares once they get them? Has anybody done this transfer before and know how it turns out? Thanks, Angela [link] [comments]  | ||||||||||||
| Should I take my defer option? Posted: 31 Mar 2020 07:01 PM PDT backstory: Bought a car on 2-17-20 Credit score is great, however the history is too shallow, so i couldn't get a good rate. (5.5%) Today: I made my first payment last week. I have the option to defer 3 months (mazda capital financing, loan with Chase) So I'm not sure what i should do. I work in a pharmacy so i'm still working, only way i'll be out of work is if i catch the virus. I have more that 6 months saved up of expenses so i'm not necessarily hurting, but you make money by capitalizing on opportunity. What do I do? Obviously I want to refinance this interest rate ASAP. However can't do that as the loan is too fresh (wait 6 months). If I defer, my credit score isnt continuing to mature because i'm not paying the loan. If I don't defer i'm still paying at a high interest rate. If i defer, but still make monthly payments, am i avoiding interest rates AND continuing to mature my credit? any pointers would be much appreciated. [link] [comments]  | ||||||||||||
| Please remember that the IRS will not call you asking for your bank account information!! Posted: 30 Mar 2020 06:25 AM PDT Not sure if this has been posted recently. The IRS does not call for this stuff!! I've seen this more and more since the stimulus bill was passed. [link] [comments]  | ||||||||||||
| Employer has stopped contributing to the firm's 401(k). Should I stop my contribution also? Posted: 31 Mar 2020 12:49 PM PDT So I just got an e-mail from management that as part of the firm's austerity budget, it is stopping the 5% matching to our 401k. Is it a good idea to go ahead and stop my 5% contribution as well? The firm is about 100 people and 35 of us are lawyers. As one of the lawyers, I am probably the last group that would be laid off since we are the money generating engine. However, it's of course a possibility. I have 4 months of an emergency fund and my IRA is already maxed for the year (contributed January 1). I have no credit card debt. Is it a better idea to take the 5% contribution I currently make and direct it towards my emergency fund? Or should I just keep contributing? [link] [comments]  | ||||||||||||
| Bank of America balance transfer woes Posted: 31 Mar 2020 05:07 PM PDT Hey guys, looking for some advice. Been dealing with Bank of America for the last few months, and gotten nowhere. Long story short, my wife made a $1400 balance transfer over the phone to pay off one of my credit cards from her BofA CC, and the representative accidentally added an extra number to my credit card account (they added a 5 to the beginning, making it 17 digits, not 16). BofA has admitted this multiple times. Predictably, the credit was never applied to my account, but apparently BofA claims the CC company cashed it, so we need to talk to them about it (Barclays). I opened a support ticket with Barclays and gave all the relevant check number info to them, and they rejected it, saying we needed to provide a copy of the check to them. We've spent hours on the phone with these CC companies, and gotten nowhere. I feel like we've been doing all the legwork to try to fix BofA's fuckup, and they should be the ones to sort this out, not us. Any advice, we are so tired of dealing with this. [link] [comments]  |
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