Personal Finance Why did Lowes reject my credit card application when I have excellent credit? |
- Why did Lowes reject my credit card application when I have excellent credit?
- Landlord claims he never received money order.
- Broke up with Edward Jones today. Having second thoughts...
- Chase adds new bonus categories on Sapphire cards until the end of September!
- Rental property and confusing leverage with genius
- Father took out student loans in my name -- what do I do?
- Whenever you start a new job or get back to work, please take into account every facet of your commute and consider that compared to living closer
- I inherited $30k. I have $10k in student loan debt and am moving to NC end of August. How can I best invest some money?
- I accepted a counter offer from my employer, and they back tracked..
- Can't figure out what a good % of your budget should be entertainment?
- My job is going to require me to use a work vehicle that I will have to pay for, which seems sketchy. Any advice?
- Should I open up a Roth IRA?
- My identity & wallet was stolen. Now, Wells Fargo refuses to refund me for fraudulent activity that has wiped my account clean.
- 400$ Taken from account without permission or knowing.
- Questions regarding a division of assets, investments to multiple heirs.
- I have not received my tax return, Says it's deposited
- Landlord wants first month’s rent on top of security deposit before signing lease
- How do I handle a debt collection agency when I know I shouldn’t owe them anything?
- My elderly mother's checking account at the local bank has been used to make fraudulent charges for more than a YEAR — trying to help her.
- Cheapest way to afford a home all over again - living beneath my means
- Lack of Transparency in Obtaining a Mortgage
- Credit Inquiry without my permission
- 22 years old. Debating moving in with my grandfather for free. Or I can sign a 1 year lease where I'm at.
- Need help on how to proceed buying a car
| Why did Lowes reject my credit card application when I have excellent credit? Posted: 01 Jul 2020 06:52 AM PDT Scratching my head over this. Just bought a house and want to fence in the backyard ASAP. Lowes guy said he could offer 24 months 0% financing if we applied for a Lowes credit card. We could pay for the fence out of pocket but would rather use 0% financing if possible, so I went ahead and applied for the credit card annnnnd....application denied. What the heck?! I went online and checked my credit again (even though I'd just checked it) and it's excellent. 800+. All my outstanding debts (car payment, mortgage) are in good standing. My income is good (100k+/year) so why would I be denied? My partner thinks it has something to do with the the house purchase being too recent but I can't think how that would make sense. Any ideas?? EDIT: Just adding to respond to everyone who asked about my credit...that isn't the issue. I checked multiple sources yesterday and again today because I got worried. Credit is good, no fraud. I also happen to know it's good because we dealt with this when we were getting a mortgage, so there are no problems there. I also have no debt apart from a car that's almost paid off and obviously the house, etc, and overall debt to income ratio is excellent, and bought the house with my partner who also has excellent credit and income, etc. [link] [comments]  |
| Landlord claims he never received money order. Posted: 01 Jul 2020 04:07 PM PDT I have been paying my rent by money order for over 17 years to the same office. My landlord is claiming he didn't receive last months rent and is now trying to charge me a $30 late fee even though I have the receipt. I then went to check what happened to the money order and it says it was cashed two weeks ago. The Western union is now stating I must pay $15 to get it investigated. Should I be the one paying to get it investigated when I clearly have the receipt for the money order? Not sure what I should do help would be greatly appreciated. [link] [comments]  |
| Broke up with Edward Jones today. Having second thoughts... Posted: 01 Jul 2020 02:40 PM PDT I was inspired by a post here to break up with my financial advisor at Edward Jones and switch to Vanguard. My financial advisor called me when I told him I wanted to switch to Vanguard, and he really tried to convince me that I was making a mistake. He said that I can never out perform the market with Vanguard. Is that true? I've read that most managed accounts try to beat the market but ultimately do not in the long term. He made it sound like I was going to be losing a lot of money by switching. But with the higher fees at Edward Jones, even if they outperform, won't it be a wash? He said that I won't get the same guidance at Vanguard since they don't have personal financial advisors. But he was never extremely helpful and has made several mistakes (like in what year our IRA contributions fell into). When I called Vanguard's phone number, I found their customer service incredibly helpful. Does anyone have any experience on Vanguard's financial advising? He also mentioned that I will have to pay a $95 fee per account. So did I make a mistake? What do you guys think? [link] [comments]  |
| Chase adds new bonus categories on Sapphire cards until the end of September! Posted: 01 Jul 2020 08:15 AM PDT I just found out that even though Chase's offer for bonus points on groceries and dining is over, there are new bonus categories for the next 3 months. Specifically the CSR members will receive 5x points on Instacart delivery and $50 in statement credits towards an Instacart Express membership. Additionally, they will receive 5x points at gas stations and 10x points on streaming services. Similarly, CSP members will receive 3x points on Instacart delivery and $50 in statement credits towards an Instacart Express membership. Additionally, they will receive 3x points at gas stations and 5x points on streaming services. For detailed information, please check this. [link] [comments]  |
| Rental property and confusing leverage with genius Posted: 01 Jul 2020 02:33 PM PDT I was watching CNBC's 'Millenial Money' on Youtube. There is this episode titled "Living On $615K A Year In Seattle | Millennial Millionaire" link. The couple has 600K in gross income and have a bit over a million in net worth. Most of that income comes from rental properties, and most of it goes back into those properties paying mortgages. They probably have a bit over 10% equity across their properties. If the market dips and they can't find tenants or rental prices drop, they'd be screwed. There seems to be a whole set of people making money selling this type of approach. You see them in youtube ads and you see them as youtubers (eg Graham Stephan). This all seems pretty ridiculous. Am I missing something here? How come being leveraged 10:1 isn't immediately ridiculed in the property market when people would obviously dismiss it in any other space? Edit: NB: Graham Stephan isn't himself over-leveraged (at least nowadays). He makes most of his money off of youtube. I'm stating that he is a proponent of this over-leveraged approach. [link] [comments]  |
| Father took out student loans in my name -- what do I do? Posted: 01 Jul 2020 08:39 AM PDT I had an agreement with my father that I would pay for half my schooling my freshman and sophomore year, and that I would pay for all of my schooling my junior and senior year. I just found out that he used my social security number to take out a loan in my name to pay for his half of freshman and sophomore year, and I feel incredibly hurt and don't know what to do. I feel more shocked than anything that my dad would do this. It was about 12k in loans that was taken out without my consent. What's really crazy is I looked into the history, and only about 7k of this was actually used to pay for school, so the rest is a mystery (He bought a brand new car around the time this loan was taken out, so maybe this helped pay for it?). So he essentially pocketed 5k of his 19 year old son's money... Once I pointed this out to him, he ghosted me and won't answer any of my calls -- It's impossible for me to contact him. Do you guys have any suggestions of how to move forward with this? [link] [comments]  |
| Posted: 01 Jul 2020 07:12 PM PDT I know so many people who say they are more productive WFH because essentially they are saving 10 hours every week by not driving into work. Though driving is a burden on time and your mental health, consider you budget too. If apartment x is a 15 minute walk to work but cost $1000 maybe it isn't that bad a deal compared to apartment Y that is an hour away but only cost $700. Money you're spending on parking, tolls, gas, (hell do u even NEED a car) and other car fees should come into consideration with said longer commute. Not to mention, the risk for being in an accident. [link] [comments]  |
| Posted: 01 Jul 2020 06:25 PM PDT All the information is in the question. Please help. [link] [comments]  |
| I accepted a counter offer from my employer, and they back tracked.. Posted: 30 Jun 2020 03:35 AM PDT I'm just at a loss for words.. Background - I have been with my current employer for 4 years, First promotion in year 2. I wasn't actively seeking a job, but was approached by a head hunter in April for a role in an established company of a similar niche. I got through the interview and they offered me twice my current salary after some negotiation. Had an official employment offer sent to me and everything. It was a huge bump and a good career move, even though it involved a relocation and considerable risk due to COVID. I did like my current job and company, they have always been supportive of my risk taking and it paid off for them financially. We have great benefits and operate in the glove industry (yes the company is making record profits). I had a good relationship with my superiors and so I personally spoke with my superior about the offer so as to not surprise them with a sudden resignation tender. They immediately negotiated a counter offer (which is on par with my new employment offer), saying that our company is doing so great and I will be risking a lot of stability and they were planning on promoting me anyways. After all that convincing I decided to stay and rejected the other offer, I was due to be promoted and my raise was scheduled according to our corporate timeline (July is when all promotions /salary adjustments take place). And now, a day before July 1st, I was told that my promotion has been suspended until further notice due to "difficult market conditions". Its a bit complicated but my company (glove division) is owned by a mother company who also owns a chemicals division (they are doing badly). They could only offer me a special "allowance" which is about 16% of my current salary until my promotion is confirmed. BTW, they offered it as an allowance instead of basic pay probably because they would have to pay an additional 16% of my basic towards a retirement fund. So now I'm stuck here seething with resentment because I gave up a great career move for an empty promise. I feel like such a fool for trusting what I once thought were great employers and a great company. At the same time I hate myself for complaining because I know a lot of ppl are struggling to make ends meet. Guess I'll end my rant here, thanks for reading. Have a good day everyone [link] [comments]  |
| Can't figure out what a good % of your budget should be entertainment? Posted: 01 Jul 2020 06:19 AM PDT Long story short, losing my job at the end of summer because of COVID. Quarantine showed me just how much I was spending on entertainment and eating out. The amount of money I saved by not being able to go to the movies, or restaurant/bars/concerts, was asinine. But I am not sure what I should budget for that, is there a standard %, or a number most people in PF follow? [link] [comments]  |
| Posted: 01 Jul 2020 11:51 AM PDT Looking for advice/ information on company vehicle policies as my google-fu has failed me today. I have to keep this relatively vague, but here's the situation: my company (not a small company either) services office printers all over the east half of Wisconsin. Right now they reimburse me for a portion of my car payment and for a set dollar amount per mile on top of that. In the near future they will be changing to a policy that seems really sketchy to me. Under the new policy they will have reach employee pay between $90 and $150 per month in order to use a company vehicle to drive to and from jobs and to transport parts. The price goes up if you want to have more than zero personal miles to use. In other fields than mine in the service industry, I have never ever heard of an employer making you pay for the privilege of using a company vehicle. It seems to me that there's no option to use your own vehicle and only get reimbursed for mileage, and I haven't heard that there will be a pay raise to offset this change. The way I see this is the company is forcing me to take a pay cut to use their vehicle. In addition, this vehicle is stored on our home property and if we use it for a certain amount of personal miles we get penalized financially. They count the trip to your first service call, and the trip home to be personal miles so if your first call is far away then too bad for you. My question for you all is this; do you think I have any recourse or options here to not have to pay for a vehicle I can't use outside of work? Do you have any resources or info that I haven't been able to find on this subject? This has been bothering me for some time, I hope someone has info for me. Thank you for your time. Edit: user u/lavenderautist posted this http://www.emkay.com/blog/personal-use-company-vehicle Here's a quote from the article: Whether or not a driver can use their company vehicle for personal use should be clearly outlined in the corporate policy. Although a company vehicle is offered as an incentive, there is still a small cost to the employee. Per the IRS, most fringe benefits are taxable and must be recorded by both the employer and employee. Currently, the average personal use charge is $132 per recording period. Recording periods are typically monthly, however the time period is up to the employer. The personal use amount is then reflected on each employee's pay stub as well as on their W2 forms. This charge is very minimal in comparison to owning a vehicle outright, making the benefit very attractive to employees. Also, the personal use charge is an incentive to the company, as the charge is a small reimbursement for allowing employees to use their assets for personal trips. The habit of completing logs every time you begin or end a trip is highly suggested. If trips go un-logged for too long it can be very difficult to keep accurate records. Per the IRS, if an employee fails to report mileage logs prior to tax reporting deadlines, all miles driven may be deemed as personal. In this case the employee can bring proof of business and personal miles when filing their income taxes, though there is no guarantee the reported mileage will be reversed. [link] [comments]  |
| Posted: 01 Jul 2020 04:16 PM PDT So I recently turned 18 and Ive heard from family and from a bunch of youtube videos that it's a good idea to open up a Roth IRA as soon as possible. Im currently with Chase bank so should I just open up a Roth IRA with them or is there a better way to do it? [link] [comments]  |
| Posted: 01 Jul 2020 11:52 AM PDT My wallet was stolen from my home in late-May. The thief used both of my debit cards and my credit card, which I noticed a day later. After cancelling all the cards, I thought I was fine. I called the police and filed a report and a detective has been working with me ever since. On June 19, I woke up and got an alert that my Wells Fargo account had over 1500 dollars in it. I thought this was strange, so I asked my parents if they or my grandparents sent me a lot of money.... They did not, and that is when I started to freak out. I thought about what was in my wallet, and I remember there was a slip for direct deposit (I had just started working at Home Depot) that had my social security number, WF account number, and routing number. A fake check for $2500 was deposited in my account at a Wells Fargo branch in person. The thief was able to cash out 1000 instantly, and then he returned to another Wells Fargo branch the next day and withdraw the remaining $1500. I immediately alerted my detective, Wells Fargo, and put a credit freeze on all three major bureaus. The customer service from Wells Fargo was very friendly and they calmed me down, saying that the issue would be resolved fairly shortly. I also called the company that was listed on the fake check, and they confirmed with me that they had checks stolen from their mailbox recently and have been dealing with several fraudulent payments. The company said my case was likely involved, and our detectives are now working together. A few days later, I notice that my WF account is at NEGATIVE 1800 dollars. I suppose WF realized the check was fraudulent, and it charged me for the full $2500. My uncle literally had just gave me $400 in graduation money and I deposited it into my savings account, but now that money is gone since WF took it as an overdraft protection move.... I called Wells Fargo again, and the lady over the phone was very nice and explained that yes, my account is negative and looks scary, but it will be resolved soon and not too worry. Days go by and nothing happens, so I call again. This time, I get a guy from the claims department. He was NOT friendly at all and told me that "if our agents were following the best Wells Fargo company practices, no one should have told you the outcome of an investigation." In other words, when I told him that people from WF over the phone before told me not to worry, he said that they shouldn't have told me that. He explained that the claim for refund was denied because the check was deposited in person, with a signature that matches mine on file, and an ID was used. I got mad and told him that the person who stole my wallet had my ID with my (easy to forge) signature on it. The police think he made a fake ID with his picture instead of mine, which is why this fraud was committed weeks after he originally took my wallet. Now, I am stuck in an endless cycle of calls to WF. They keep transferring me back and forth between claims department and fraud. No one can tell me anything concrete, except for the fact that my claim was denied. My checking account is now at -1800 and my savings is wiped clean. I have to beg my job not to use direct deposit or I will not be able to get my money. I can't pay off the remaining 300 on my WF credit card either. This has all been extremely frustrating, and I just don't know who I should contact... Please, Reddit, I need your advise. Should I get a lawyer? Who can help me with this? I am in the DC/Virginia area. Long story short: My ID/social security/debit card/bank account information was stolen, and a fake $2500 check was cashed in my name. Now, Wells Fargo refuses to refund me, and I have been wiped clean financially. EDIT: I will add that as soon as all of this is over, I am running away from Wells Fargo. I have been so annoyed with them for years, but I never really took the time to open a new bank account. [link] [comments]  |
| 400$ Taken from account without permission or knowing. Posted: 01 Jul 2020 11:52 AM PDT I need some help here if anyone can give it. My girlfriend had looked into making an account on OnlyFans. We all know what that site is. Around a month ago, jokingly she created a burner account just to see what would be needed to make one and finally decided to not make it. Never put any info of her bank account in, never even touched her card in the making of the account. Jump to this morning, (Wednesday, July 1st) we wake up to find over 400$ had been taken from her account from [CCBill.com Only Fans - Chicago ILUS]. I need help, she's becoming increasingly scared and upset. I cant find anything about this anywhere and we are starting to worry. We already canceled her card so they can't take anymore. ANY help would be really appreciated. [link] [comments]  |
| Questions regarding a division of assets, investments to multiple heirs. Posted: 01 Jul 2020 05:51 PM PDT There's around $5 million in assets that are divided up between bonds/stocks/mutual funds and mineral rights and what not. Needing some advice on division of assets between 5 people (mom, dad and three kids) that reduces as much tax for both parties, allows for each of us to manage our own share but also protects the assets from being claimed or attempted to be claimed/extorted by ex-spouses. Currently, the only "liquid" assets that are continual is some checking account or some bank account that the current investments dump into every month. Mother has just repeated what her dad did and took a portion of it and put it back to stocks, then the rest dump into mutual funds and bonds for long term investing. While the amount changes, especially with COVID-19, they have maintained a relatively health 100k/month to this account. I'm not familiar with what the account is, the way it was explained to her was that the money is allowed to sit there for 30-60 days before it gets taxed. In that time she can choose where to dump it off to. We are just in over our heads, mom doesn't want a headache of dealing with extended family / ex family and having to deal with even us kids feeling like one was treated better than the other. She also doesn't want to repeat her parents line of investing by just keeping everything to themselves and enjoying their best lives with the promise one day after they are gone "you can have it too", since she's already 60 and her dreams went out the window and sees all of us getting up in age as well. Anything helps and I'll be happy to answer any questions I can. [link] [comments]  |
| I have not received my tax return, Says it's deposited Posted: 01 Jul 2020 05:49 PM PDT I filed my taxed earlier this month, I have been informed that it was deposited to the card i was supposed to receive with the money on it, but that was almost a month ago. I have no idea who to talk to, TurboTax has no support in this area, I dont have the card or my return or any idea how to proceed. [link] [comments]  |
| Landlord wants first month’s rent on top of security deposit before signing lease Posted: 01 Jul 2020 11:22 AM PDT Hey everyone, I'm currently looking to do a long-distance move to a new apartment, but I'm feeling a little worried about the order of operations here. Wondering if anyone has any advice. So since I'm not local, and due to the coronavirus, I viewed the apartment over FaceTime. Everything looked great, the landlord was nice, the price is reasonable. I asked to apply, and the landlord asked for a reservation deposit with our application equivalent to 1 month's rent that would become the security deposit if accepted. I was a little sketched out by that, but I got it in writing from the landlord that I'd get the reservation deposit returned if for some reason I wasn't accepted. So I went ahead and sent the money. Got approved, had the lease sent over, happy ending. After having sent over the signed lease, however, the landlord is asking me to send over the first month's rent before he signs it. I'm back to being a bit worried, even though I've seen the place in question, spoken to the landlord, and have a copy of the lease. Am I right to be worried, and should I waste time and effort asking the landlord to send over the signed lease first before I send first month's rent? Or is this a reasonable request? To be clear, it's not a financial issue, I'm perfectly able to pay the rent, I'm just worried about getting scammed. Thanks! [link] [comments]  |
| How do I handle a debt collection agency when I know I shouldn’t owe them anything? Posted: 01 Jul 2020 06:38 PM PDT I had a checking account at TD bank last year and was closed because my account had a negative balance for 30 days. The thing is is that I had a negative -$175 balance on my checking account but that $-175 was from overdraft fees all $175 of it. I didn't not have any money to pay for the overdraft fees because i was out of a job. each overdraft fee was $35 and I had 7 of them but the bank forgived two of them. the part i'm frustrated on is that all of those 7 overdraft fees were from my credit card( from a different bank) they kept charging that checking account. so the credit card company would keep charging my checking account for my credit card bill. for example the credit card company would take $50 from my TD account, my account would go negative therefore me having to pay an additional $35. then my credit card company (discover) would refund me the $50 for some reason and then continue to keep doing that cycle for 7 times. this is highly unfair to me as i have never dealt with a debt collection agenecy before what do you think i should tell them thank you [link] [comments]  |
| Posted: 01 Jul 2020 02:02 PM PDT The players
BackgroundHi everyone. I'm a long-time Reddit lurker, and I've always admired the power of these communities, especially how experts in various fields have come together to help a stranger. I'd been dragging my heels on actually joining, so sad to say I finally did under frustrating circumstances. I will try to be succinct (he said, after an arguably needless introduction). My 71 y/o mom (we'll call her "Jo"), has been a nurse for more than 30 years, and generally serves as my north star for dedication to one's work. In supervisory positions for most of that time, she has had a solid income, save for some health difficulties in the mid-late 2000s that forced her out of work. Her and my dad (we'll call him "Dean") have some antiquated views around personal finances, and frankly a lack of knowledge or experience with money management. As a result, Jo has always had 100% of her available funds sitting in a checking account of the local community bank. I saw her balance some time ago and was extremely alarmed to find the amount of money (~$98,000)just sitting in this bank's checking account. So, over the past 1.5-2 years, I'd been advising her (read: pleading with her) to move her money to a reputable bank, open a savings account, etc. In hindsight, I wish I'd pushed harder or insisting on putting the advice into action — but I've also had enough therapy to know that taking on the battles of our parents can sometimes be to one's detriment. Recent EventsSince the COVID lockdown, I left my apartment and have been staying with both of my parents here on Staten Island. The other day I was running to 7-Eleven (lemme get that oil sludge you call iced coffee, plz) and Jo asked me to take out some cash for her at the ATM. When the ATM asked if I wanted a receipt, I remembered my concerns and thought "I should probably check on her money now that she's working more again". The printed receipt showed a balance that was less than half of the amount I was expecting to see (~55,000). Unsure if I should say anything as these aren't my finances, I showed Jo the receipt and asked if she'd had significantly more money in there, and she couldn't recall. I was pretty certain, so the thought festered overnight. The next day, Jo said "I think you're right, I think I did have a lot more money." That validation was all I needed to tag in my 2 older sisters, "Wendy" and "Miriam" — we tend to create this 3-headed Super Team when a family crisis arises. Think like, the Three Musketeers ... or, the Boston Three Party if you're into sports, or.... sorry I'll stop. Now, the first step was making sure none of us were responsible, so I asked the obligatory "do you guys know what happened?" question, and found they were both as horrified as I was. Wendy had set up Jo's online account, with the goal of making things easier and more accessible. That said, Jo did not have an email address at the time, so Wendy tied it to her email address, e.g. [wendy@wendy.wendy](mailto:wendy@wendy.wendy). It's not clear if this fact is important / relevant, but I expect it will be as Wendy was understandably not monitoring statements and paper statements were no longer sent after that point. It should be mentioned that Jo is a very giving mom, something I'm eternally grateful for — so it's not uncommon for her to treat us to dinners, gifts, etc. (she even helped me with a security deposit on the pre-COVID apartment). So part of the initial exercise was making sure which charges might be ours, and which are obviously made by this criminal (or group of criminals). Once we looked at the statements, the fears were confirmed — we found tens of thousands of dollars worth of charges, dating back to early 2019 (this investigation is still ongoing, so they may predate that even). The spending seemed to rapidly accelerate this year, and included tens of online retailers, apps, hotels, and many others. Currently we've confirmed $54,390 worth of fraud charges. I called the bank to report the fraudulent activity, and enumerated 10 of the hundreds of fraud charges to the Customer Service Representative. I was told that these matters were "handled by the local branch" and was transferred to "Karen", whose branch location is a 5-minute drive from my parents' house. It was immediately clear that Karen didn't seem to have any standard operating procedure to follow. She couldn't answer any questions about how fraudulent activity is typically detected, why we received no communication indicating potential fraudulent activity, why this wasn't caught at any point, etc. She gave no direction on putting a hold on the account, filing a police report, no actions proactively taken whatsoever. I was told I could not speak to anyone in the fraud department, which they allegedly have as part of their org. structure. Wendy, in a similar panic to mine, called as well and was asked if any of the charges were hers — to which she enumerated a few Lyft charges from this year that Jo was aware of. More on this later. We called the cops in order to put as many things in motion as we could, and were reasonably told that this would need to go directly to a detective as it's grand larceny (and paper copies of the statements were needed, with all fraudulent charges highlighted). We called Karen back, and we asked that paper statements be printed from all of 2018, 2019, and 2020. I was told that not only could I not speak to anyone in their fraud department, but that there was no reference number, case number, or any record that I would be able to reference with their institution internally. That conversation was less civil, given the lack of action on their part. Miriam, a bit of a spreadsheet wiz, imported the .csv of the statements and categorized fraud charges, legitimate charges, and calculated the amounts spent at various retailers. Next, we'll be transferring those findings to the printed statements by highlighting all of the fraudulent line items, one-by-one, to pass off to a detective. Yesterday, 06/30/20, I drove Jo to that local branch, where Karen came out with the bag of statements and we exchanged unpleasantries. When I told her a detective would be on our case, she said that she had advised me to contact the authorities (spoiler: she did not. All actions taken have been by our family). She also had the gall to say to my poor, already confused mom:
You'll remember above when Wendy noted that some small number of the hundreds of transactions were hers, and that Jo was aware of them. Because of that, Karen's comment is extremely concerning to us, as we're worried that the bank will attempt to absolve themselves of any negligence or wrongdoing here and therefore not return the funds. Actions Being Taken By Us
Actions Not Currently Being Taken, But Like... I Wanna
Notes
Questions
If anyone at all reads this, I'm already grateful. Thanks guys. tl;dr Fraudulent charges amounting to at least $54,390 have been made on my mom's checking account, dating back more than a year. The bank has been unhelpful, admitted no wrongdoing in not notifying us at any point, and has taken no action. What should we do? [link] [comments]  |
| Cheapest way to afford a home all over again - living beneath my means Posted: 01 Jul 2020 06:35 PM PDT Hey all, so I do have a mortgage, but wife and I own it and we have really been going through some tough times and been debating about giving it all up and just being on my own. Not trying to go there, im just looking for advice on what to do finance wise. I make decent money but not going to jump in a huge mortgage by myself again right off the back. price range I would like to save up on my own is probably 250k - 300k. few things I have been considering....buying a cheap class C RV and finding a long term RV resort. Ive lived in a RV and loved it. (more details below) buy a prefab home cash and put up with the lot rent. now the bad...I have a lot OHV vehicles (atvs dirtbikes etc) dirtbike is something I need to do to keep my sane. its pretty much my life, which is why I am considering the RV route. I get 3 days off, so I can easily pack to the mountains and catch a breather on my own. yes I have mental issues but this really helps. I think I can put them in a storage facility for the time being since I was planning on doing a rental business, but this is putting all this to a stop probably. im not sure what other cheap routes i can take. Im not sure if a room rental is a good idea as well. Is this a good cheap route to save for a house all over again? this time, on my own. In case, the state is Colorado [link] [comments]  |
| Lack of Transparency in Obtaining a Mortgage Posted: 01 Jul 2020 06:16 PM PDT I am working on buying my first home. I've been pre-approved with one lender so far, but I have been surprised with the lack of transparency and information up-front. I chose a lender that could provide a quick closing since I live in an area with a competitive market. I've asked about getting more information about the terms, additional fees, and points on paper. However, all I seem to get is rough estimates over the phone. I've been told we will be able to discuss/make decisions regarding points on the loan when we put in an offer and are working on closing. All I've gotten on paper is an amount that I am approved for with 20% down, and a payment chart that includes estimated insurance, property taxes, HOA, and mortgage payments with an assumed interest rate. Everything just seems very nebulous. I know interest rates float, but can't they give me an expected range? How am I supposed to shop around for a loan if I don't really have anything concrete in hand to do comparisons? I was under the impression I would be able to leverage an offer from one lender against another to get the best deal, but this sounds near impossible with the information I have in-hand. Or do I just have unrealistic expectations for this experience as a first-time home buyer? [link] [comments]  |
| Credit Inquiry without my permission Posted: 01 Jul 2020 05:49 PM PDT So my boyfriend went to a car dealership for his car damage and they were trying to get him a car. He then let them know I am the sole source of income for our household and somehow gave them permission to run 11 hard credit checks against me! I wasnt even there and I never signed a single paper. Is there an easy way to remove all these? [link] [comments]  |
| Posted: 01 Jul 2020 03:59 PM PDT Hello! I am a 22 year old full time bank worker. Currently making 35k a year. I have two options ahead of me and only two months to make this decision. For the last year and a half, I've been living with a friend in a house for $640 per month for rent/internet, no contract. Her parents own the home, as its one of the houses they rent out, and I've just been giving her cash. Very easy and stress free time here. However, she has decided to buy her own home, so she's moving out. I have two options: 1) I can sign a lease for 1 year for a $1,200 rent not including utilities. This would end up making me pay roughly $150 more (so ~$800) a month IF I were able to get a roommate and not make them pay utilities. 2) I could move in with my health stricken grandfather, and he wouldn't make me pay for a thing. Obviously, financially it makes more sense to move in with my grandfather, however, a couple of more points: -I would be in a 3 bd/ 2 ba house if I stayed, essentially giving me two rooms and a bathroom to myself. (as opposed to a 2bd/1ba house with my grandfather) -I would likely be responsible for my grandfather if anything were to happen to him. -outside of rent/utilities, I only pay $280 for car and phone. -I am currently trying to obtain my Pilots License, and staying with my grandfather would all but assure I could save the money to do that and/or get a down payment for my own house. -She's taking furniture with her. Couch, Chairs, TV etc. I'm not looking for definitive answers. Just input honestly. Thank you! [link] [comments]  |
| Need help on how to proceed buying a car Posted: 01 Jul 2020 07:42 PM PDT Have currently 5 thousand saved up for a down payment on a car. I want a VW Gti , question is if I can lease it brand new with my shoddy credit, (600s). Or am I better off buying a used one [link] [comments]  |
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