Personal Finance Phishing scams are getting sophisticated - don't fall victim |
- Phishing scams are getting sophisticated - don't fall victim
- [NEED HELP] Applied for CA Unemployment, Wages and Benefits Came Back as $0.00?
- What information do your employers see when you file for unemployment? I have a second job I need to keep discrete.
- Just brought down my first major medical bill by 50%
- Freedom Financial will postpone mortgage payments for 90 days but at the end it’s all due. What’s going to happen if I’m not working by then?
- Should I accept a 15% pay cut by my current employer if I am not obliged to?
- Need help with several mortgage and mortgage closing questions on an offer I made with a VA loan.
- How bad would an auto repossession be?
- Does DTI ratio consider potential rental income?
- Roommate didn't pay rent, eviction upcoming. What to do?
- Medical issues unattended since loss of insurance
- Unable to get W-2, need help.
- Health Savings Account with new insurance
- Need help with financial security for my mom
- My company is issuing -20% pay deferments (across the entire company). They've made a promise to cough up the backpay at the end but I don't know how binding that is.
- Husband is starting new job but start date is pushed back
- Credit score changed drastically after my student loans were deferred
- Unauthorized ACH transfer of ~$20K from my savings
- If I increase my 401k contribution and it reaches the max of $19.5K by September, will my employer continue to contribute throughout the rest of the year?
- I'm an independent contractor. I had a good Q1 but lost half of clients in the last two weeks and am unsure about future. Should I pay my entire estimated Q1 tax?
- Laid off on 3/19, filed for unemployment. Now job wants me back, will this mess anything up?
- Wiki flowchart is so low quality I can’t read it?
- Tax filing rejection - IND 524
| Phishing scams are getting sophisticated - don't fall victim Posted: 08 Apr 2020 06:15 AM PDT I received a call yesterday about a fraudulent charge on my account. It was not a stereotypical scam call. The bank phone number had been spoofed and this scammer knew everything, down to my social and even the amount in my bank account. These people did their homework. I admit I was fooled and had some info phished out of me. My account was drained shortly after. My advice is don't fall victim. This person called from "my bank phone number," and knew a ton of information already. No matter how legit it sounds, just hang up and call your bank directly to avoid the mess I am in. Even in the times we are in now, there are still pieces of shit out there that will take you down. Be cautious. [link] [comments]  |
| [NEED HELP] Applied for CA Unemployment, Wages and Benefits Came Back as $0.00? Posted: 08 Apr 2020 11:16 AM PDT Hi everyone. I applied for CA unemployment and I accurately reported gross income per week and every three months on my unemployment claim. I waited 10 business days, received a letter in the mail, but my notice says that my weekly benefit amount is $0.00 and under the Employee Wages box that shows how the weekly benefit amount was calculated, it says I reported $0.00 for every 3 months. I don't understand this because I did not report $0.00 and I even screenshotted my claim so that I have proof I did not put zeroes. I tried calling the California EDD but it is impossible to reach them even during off peak customer service hours (Wednesdays). I have already called them over 400 times, gone through all the prompts, but my call keeps getting rejected due to overwhelming call volume. I sent a message to the EDD via UI Online (the online portal) but I have a feeling it won't be responded to. What should I do because I can't get a hold of anyone for my unemployment claim? Things are getting desperate really soon. [link] [comments]  |
| Posted: 08 Apr 2020 10:30 PM PDT I lost my main job last week, and need to file for partial unemployment. However, I also do online sex work. I'm nervous about applying for unemployment because I don't know if my most recent employers will see anywhere that I have a second job, or what it is. Can anyone help? [link] [comments]  |
| Just brought down my first major medical bill by 50% Posted: 08 Apr 2020 04:59 PM PDT As the title states, I just brought down a $4500 medical bill from a laproscopic appendectomy in February, which was my first ever major medical bill. It may not be too much, but I'm only 20, and I only have a part time IT job that I'm lucky to keep during this crisis. I feel really good that I was able to take advice I often see on this sub -- ask for a renegotiated payment. I requested to defer the minimum payment of $1787 (for the professional bill, the other $2700 or so for the hospital stay was not due yet) as it was due on the 16th of this month. SoCal Kaiser Permanente said that all payments for their entire customer base were deferred by 1-2 months because of COVID-19. Finally, I asked to be sent to any center they had for renegotiating payment or discounts. They immediately took down my number and said to wait one to three business days for a call. I got the call 20 minutes later, and they said that if my guarantor's primary source of income was impacted by COVID-19, we qualified for a 50% discount on both bills. They let me know that my payment plan would increase to $130 a month, but the bill would be reduced to around $2200. With my insurance reimbursement from my job, I can pay approximately $390 over the course of the next quarter while being reimbursed $130 a month -- exactly what my payment plan costs. Additionally, I will (hopefully) receive a stimulus check for $1200 that I will use as a down payment. Finally, I will be left with around $600 to pay when I go full time in June, as opposed to sucking it up and paying $2000 every month. Again, to anyone with SoCal Kaiser or even possibly Kaiser, if you've been impacted, it's a good idea to ask. Thanks to all the people who give wonderful advice to younger folks like myself. I'm actually really proud, and I feel like more of a capable person. [link] [comments]  |
| Posted: 08 Apr 2020 08:12 PM PDT Am I going to lose my house? They weren't any help on the phone and the wait times were like 2 hours. [link] [comments]  |
| Should I accept a 15% pay cut by my current employer if I am not obliged to? Posted: 08 Apr 2020 01:52 PM PDT I am a Software engineer with ~10 years of experience. Today my employer communicated that our yearly pay raises that should have been in place from May 1st will not happen due to the current situation. On top of that our current salaries will be reduced by 8%. The upper management will also take bigger cuts to their salaries. For me, this means I will be making 15% less than what I should have been making otherwise. Here is the interesting part. I live in Bulgaria and my employer cannot reduce my salary without my consent or terminate my contract without a significant reason. It's legal to do layoffs but it's complicated - you have to either pay the employee 4+ monthly salaries or not hire anyone in the same position for some period of time. All this means I can refuse to sign the new contract and stay with my current salary. I suspect 99% of my coworkers will sign the new contract and if I refuse this will damage the relationship between me and my employer. I've worked at my current company for 2.5 years. The company is in the banking sector with thousands of employees. It's privately held but it's estimated worth is $10-15 billion of dollars and they are trying to go public. It is seeing a 15-20% drop in revenue due to COVID-19 and wants to find a way to manage its debt. Should I take the pay cut like everyone else or should I be a pain in the ass? I will be able to live fine with the pay cut but it will be stressful as I have a mortgage. Edit: Thank you guys. I think I will sign the contract but try to negotiate my pay is back to normal once our revenue/profits are back the regular values. I feel bitter as I think even now my company is doing quite well but I guess that's the safest bet I can make until the market stabilize. [link] [comments]  |
| Need help with several mortgage and mortgage closing questions on an offer I made with a VA loan. Posted: 08 Apr 2020 07:08 PM PDT I need help and I am not sure who to turn to as I get very close to closing on an offer I made on a house. I am a first time home buyer, with a pretty steady job, who has been looking to get a place since January, and made an offer in mid-march. I received the loan estimate today and I am very confused. On my loan estimate it is several thousand dollars higher than previous estimates for closing costs. My mortgage broker said they have had to change the company doing the loan, which is I guess where the change came from. However, the amount of money the estimate says I need to bring to the table does not match the cash to and from borrower amount on the Form 1003. Also, on the form 1003, there is a entry h. Discount (if Borrower will pay) that is a negative number, and it is decreasing the amount of the total costs. However, my loan estimate has me buying down the interest rate. My questions are: Is it common to have h. on the form 1003 be a negative number? Is this a typo (I've noticed two others) or is it something else? It was as if a magic number should up to get closing costs down somewhat. Is it possible to get money back for closing with a discount but then in a different section turn around and decrease the interest rate by buying points that bring the rate down to what it was originally? I am being charged nearly a point in the loan estimate closing costs. This is a VA 30-fixed mortgage, so I don't know if they are trying some kind of accounting trick to get around VA limits. Also they gave me three loans on the paper work they sent me but I guess all of them have me buying down the rate. The paper work certainly doesn't have the loans with no points on them, and two of the loans have the exact same information on it. The closing costs on my loan estimate are about 6.8% not counting the VA's 2.3% funding fee. (this includes prepaids, title stuff origination charges and escrow). Is that high for a VA loan? On the form 1003, if the negative number is correct, it looks like the closing costs are 5.8% not counting the VA funding fee. It is higher than my last estimate but I could maybe swing that. If they are wrong then it's more like 7.9% not counting the VA funding fee, and it is much higher than the original estimate and I don't think I can put together that much cash before closing. There are six categories on my loan estimate. The homeowners insure estimate for prepaids seems way low. Is there a specific way they should estimate this? The title services seem extremely high. They are like 1.3% of the closing costs. It says I can shop for these, how do I even start with that? I feel like my mortgage broker and his out of state support staff are not very helpful. However, I screwed myself, because I went with the broker my realtor suggested, instead of somebody independent. Worse, my realtor is also the manager for the apartment I rent from. I realize now that was a mistake. The rate doesn't seem too bad (but it is slightly above the rate listed on Bankrate's 30-Year VA rate page). I have decent credit, but not too much cash. I was trying to stop renting, but now I have signed an offer, I feel like my mortgage broker is barely contacting me, has not sought any input, and is basically just inputting numbers that are thousands of dollars higher than what I originally discussed. What are your thoughts and advice? Sorry this is so long. I just feel like this is going south, not even counting the economic implosion happening as well, which is also keeping me up at night. [link] [comments]  |
| How bad would an auto repossession be? Posted: 08 Apr 2020 06:24 PM PDT Long story short I'm young and financed way too much car. If I just let the payments lapse and have it repossessed, how bad would that hurt me in the short/long run? [link] [comments]  |
| Does DTI ratio consider potential rental income? Posted: 08 Apr 2020 07:10 PM PDT I'm very curious about using rental income to help my DTI. My current situation is, my wife and I gross $9,400 a month combined. FICO scores are 740+ for both of us. We have a mortgage on our primary. Our DTI is about 25%. We plan to purchase a new home to be our new primary residence, and rent out the home that we are currently living in. We have 5% to put down on the new home, which we plan to secure a conventional loan on as it will be our new primary residence. Here are my questions and I really appreciate any insight you can provide! 1.) Since I've never owned a rental, and have no proof on my tax returns or experience, is there a waiting period of say 1-2yrs after renting out my first property and reporting the rental income on my taxes before I can use the predicted rents to help my DTI? How does this all work? 2.) What do banks require as proof for all of this? Will I need to have my current house rented out with a lease signed and in place before I secure financing for buying my new primary residence? (In order to have the rental income count towards our DTI) Thank you so so much for helping us. I really appreciate it! [link] [comments]  |
| Roommate didn't pay rent, eviction upcoming. What to do? Posted: 08 Apr 2020 12:46 PM PDT I'm 18 and make 50k in NYC. With that kind of money, it's really hard to find a nice place in which to live alone in this city. So I moved out to finding a roommate and found one that was sub-leasing the apartment whilst living in Puerto Rico. A few weeks in, a letter comes in the mail... It's a court order due to non-payment of rent. She's been using my money for personal gains and not the rent. Luckily, I'm a programmer and did some digging online and found $3400 in missed rent payments. Now my question is: should I pay the debt and continue living in this place ($400 a month - unheard of in NYC)? Find another roommate and pay roughly 800-1k (typical in the city)? Or just forget the whole roommate thing and live on my own (which would cause my savings to drop sharply and expenses to really bump up)? --------- Little more background:
Thank you Reddit [link] [comments]  |
| Medical issues unattended since loss of insurance Posted: 08 Apr 2020 06:42 PM PDT It was suggested to me to reach out on this sub. I'm just another person struggling, but I didn't know if anyone had been in a situation where they had lost their insurance, were waiting on state benefits, and what they did in the meantime. I'm unable to get prescriptions and any care pro bono. Just looking for advice. [link] [comments]  |
| Posted: 08 Apr 2020 03:54 PM PDT I recently moved to a different state and forgot to let my previous employer know I changed my address. So I assume they sent my W-2 to my old address, seeing that I don't have it still. I've tried calling daily to their HR and only ever got their answer machine. I've left countless messages, even had the customer support leave a note asking for them to call me back or simply just send me my W-2 to my new address. They left the note exactly one month ago today. I'm starting to worry. Thankfully tax day was pushed back but it's not looking good in terms of getting my W-2 from these people. [link] [comments]  |
| Health Savings Account with new insurance Posted: 08 Apr 2020 10:21 PM PDT Have an HSA with like $350 in it. I got a new "gold" insurance plan. Can I still use remaining HSA funds for co-pays, etc.? If not, is there a way to convert to an IRA? Not much, but don't want to see it just slowly be dissolved by bank fees. [link] [comments]  |
| Need help with financial security for my mom Posted: 08 Apr 2020 10:16 PM PDT In California. My (20M) parents got divorced a couple years ago and my mom (47F) has since moved out of the house. I have not lived in that house for 3 years. My parents have come to an agreement where my father (51M) will pay my mom $1500 per month, but he does not intend to give her that money forever. She was a stay at home mom her whole life, achieved up to the equivalent of a 6th grade education before coming to America with my father from Mexico, has quite a language barrier and 0 work experience. I'm not in a position to where I can afford at all to support her. She is not disabled or injured in any ways that I know of, but she's also 4'10" and not at all an able bodied woman. I can't think of any options out there for her to make her own living. Looking for advice on anything I'm able to do to help create security for her. [link] [comments]  |
| Posted: 08 Apr 2020 07:25 AM PDT I work in IT. I was earning 80k and now I'm earning 64k. I could keep working there but then I suspect I would feel "stuck" (given the promised backpay...) until potentially next year. However, the job market right now doesn't seem amazing, even with an in-demand CS degree and software dev experience, and I'm not really interested in moving right now... plus if I got a new job it would probably start remote and I won't be able to make connections as well/learn the job quickly. But if I hunker down for the next few months, I'll have the "giving up 6k in backpay" feeling hovering over me, and that number will just keep growing. Is that sunk cost fallacy? Not really right, if the money is definitely coming back? And additional question -- how binding is the "we will pay backpay back" thing? This is a major company, I have to imagine if they fail to do that it's because they're bankrupt... but the govt has bailed them out before and probably will again. I like the job. I don't like it -20% pay. I can afford to live on the 64k until I get the backpay back. tl;dr: Getting a pay deferment due to the coronavirus pandemic. Unsure if I should ride it out or not. [link] [comments]  |
| Husband is starting new job but start date is pushed back Posted: 08 Apr 2020 06:38 PM PDT My husband recently got hired for his dream job at double his current salary. They just called him and said that his start date is being pushed back until May. Current job has already hired his replacement and said they can only cover payroll for him for another week. New job has shut down all operations until May but we think it will be longer. I'm a remote software engineer and I make a good salary. I'm being told that my position is safe and I'm in management training for a promotion this fall. I have been putting a huge portion of my income to some home improvement debt that I have with a low interest rate. Kids have braces, husband has new car etc. We are cooking all our meals from home and have let go extra expenses like the pool maintenance company. I have a couple months worth of food in the house and we are expecting a lot back from the recent stimulus and our tax return. Technically I can cover all our bills myself and continue to pay off debt but it will be tight. My question is, should I be stockpiling cash in case this gets worse and ask the mortgage company and car companies to delay payment? We really don't need it but I am worried anyway. I just realized that the delayed start date might qualify us for a little extra safety net. [link] [comments]  |
| Credit score changed drastically after my student loans were deferred Posted: 08 Apr 2020 05:19 PM PDT I am sorry if this is either a dumb question or the wrong place to ask. To be honest, the whole family (including myself) is financially illiterate. Especially me. I am a 26 y/o female with 20k in student loans, no credit card debt. Currently unemployed due to coronavirus and currently receiving unemployment checks. I don't think any of that matters to my question but idk. My credit score went up 145 points, according to CreditKarma and CreditWise and it said because my payments for my student loans were deferred. That doesn't seem to make any sense, since I still have the debt to my name. I just would like some help understanding. Will my score go back down in September? [link] [comments]  |
| Unauthorized ACH transfer of ~$20K from my savings Posted: 08 Apr 2020 09:04 PM PDT Got back from work and decided to check out my Discover savings and just noticed this transfer that was made today. Didn't get any notifications for some reason. Immediately called them up and fortunately my my rep was awesome and said he would place provisional credit into my account within the next 10 business days (though they mentioned it normally takes within 48 hours), freeze the account, change the account number, and send me some mail regarding the matter. I've submitted a claim form, and will transfer the remainder of my savings elsewhere. The transfer was made through Citibank, which I do not have any associations with. So someone, somehow managed to nab my routing and account numbers, when I input that information on my employers payroll site. I scanned my PC for malware and some positive results popped up, so I highly suspect this was due to that. So I got some questions:
This is the first time something like this has ever happened to me, and compounded with all the current events going on at the moment, I've never felt so stressed and down in my life, and I'm incredibly frightened by the slim chance I won't get it back. I need some help :( Edit: I should also mention that prior to posting this I have also changed all my password info and double-checked for 2FA on all my login info for everything that I use. Thanks for everyone's advice. [link] [comments]  |
| Posted: 08 Apr 2020 07:29 PM PDT My employer matches $0.50 for every $1.00 I contribute up to 6% of my annual salary. Currently I'm contributing 13% per paycheck, and they've been matching 3% each paycheck. I'm thinking about doubling it to 26% to take advantage of the market dip. I know payroll automatically stops 401K contribution when the limit is reached. My question is, will my company continue to contribute even if I'm not contributing for the last 3 months because I've maxed out? [link] [comments]  |
| Posted: 08 Apr 2020 02:20 PM PDT As stated in the title, I'm trying to figure out if I just bite the bullet and pay the entire estimated Q1 (I use a formula, so it varies quarter to quarter with how many clients I have). I'm not sure how long my current clients will last or how the rest of this crazy year will play out, so part of me thinks having some extra cash around and paying a late fee might be better than giving it all to Uncle Same on time. For the record, I do have a substantial emergency fund and a growing SEP IRA, but as I mentioned, I've already lost half of my clients (one of which still owes me a considerable amount and is having trouble even making payroll for their employees—not too surprising right now, but annoying nonetheless). I was really hoping to hear the IRS would be waiving late tax fees or something, but nothing yet... Appreciate any advice! [link] [comments]  |
| Laid off on 3/19, filed for unemployment. Now job wants me back, will this mess anything up? Posted: 08 Apr 2020 04:12 PM PDT From my understanding, UI will take what I make that week and subtract it from what I would have been due if I didn't have a job and make up the difference. Ex - Unemployment in FL is $275/week + $600 federal $ = $875/week I could get. If I make $175 this week, I think I can still fill for that $700 difference. Is that correct? so I'm going to work (it's a good local brewery with a small staff and good $$ in normal situations. Problem is it might only be 1-2 days per week, and tips might only be $75 per day. 1 - Will this interfere with my current unemployment application? 2 - Will I still be able to claim unemployment since I've gone from full time to laid off, to part time? I want to make sure I'm not shooting myself in the foot with unemployment during this whole mess. I think unemployment will make up the difference to what I'd get if I didn't have a job. Ex - Unemployment in FL is $275/week + $600 federal $ = $875/week I could get. If I make $175 this week, I think I can still file for that $700 difference. Is that correct? I want to make sure I"m not shooting myself in the foot with unemployment during this whole mess. Thanks [link] [comments]  |
| Wiki flowchart is so low quality I can’t read it? Posted: 08 Apr 2020 10:39 PM PDT Is there somewhere else to find the wiki flowchart? It takes me to imgur website and it's so compressed I can't really read it. I'm on mobile. [link] [comments]  |
| Tax filing rejection - IND 524 Posted: 08 Apr 2020 08:02 PM PDT I filed for taxes using TurboTax software and ended with rejection via rejection code IND-524 - "the date of birth you entered for yourself, spouse or dependent does not match what the IRS has in their records". I contacted the social security and they said the record can only be cleared in person with a visit to the office - which is not possible at this time due to the pandemic. Should I just mail in my tax for now and deal with the record discrepancies later or should I fix my social security things first before and file taxes later since the new deadline is 7/15? (FYI I have filed taxes multiple times in past via CPA but first time by myself using TurboTax) Thank you so much for your input! [link] [comments]  |
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