Personal Finance Mom died, sister committing fraud |
- Mom died, sister committing fraud
- Be Wary of Post Disaster Contractor Fraud
- Received Collection call about Payday Loan never taken out..
- Marcus by Goldman Sachs is a terrible institution
- Quitting Pension Job what to do with money?
- Are there options for opening savings/checking accounts online that have low minimums/no fees?
- Husband died. 2 toddlers. How to allocate life insurance payout?
- Starting a 529 for Nephews - Similar experiences?
- Suggestions on a new bank for checking?
- Should I sell my car that I don’t drive?
- One time .5% mortgage rate adjustment reduction...should I do it?
- Which student loan lenders refinance international (EUR) student loans?
- So, say you’re a 18 year old that wants to grow $5000+ in the stock market. Where do you start?
- Investing kid's savings?
- Can't set up an account at Equifax to unfreeze my credit
- Personal Loan Advice Needed
- HELOC vs Home Equity Loan for Solar
- Looking to opening a credit account
- How to find out if my Dad has bank accounts in my name?
- Question Regarding Personal Loans
- Former employer listed my SSN wrong on my W2 & I can't get in contact with them
- Changing Credit Cards
- Chase Amazon Card - Finance Charge Question
- Landlord won’t return deposit or calls
| Mom died, sister committing fraud Posted: 22 Oct 2020 10:03 AM PDT Edit- All of the kind and thoughtful responses, sound advise, and relatable stories are truly very much appreciated. I wish i could go through and respond to every comment, and i may continue to try. I've had time to cool down and think a little more logically/sympathetically. I figure once i submit all the paperwork to all the necessary entities, things will take their course. I don't think we'll be needing to press any charges from our end. She's going to end up paying for the consequences regardless of whether or not we alienate her even further from family. I'm unsure this is the right place for this post, but i don't know where else to post it. My mother died earlier this month and my sister subsequently attempted to drain her bank account. She was able to weasel her way into getting $500 transferred through cash app as she took my mother's purse from the hospital only moments after watching moms last breath. Now I've found out today that she opened a credit card account in mom's name. There's not much i can do without a death certificate, which is taking the funeral home/hospital an eternity to get. What I've done so far: -Filed police report (going to try and press charges) -Froze mom's bank account -Notified social security (mom was receiving benefits) -notified the credit card company of fraudulent card Basically all i get from anyone is "we need the death certificate", which makes total sense. Am i missing anything? Any recommendations on what to do next? I appreciate any guidance [link] [comments]  |
| Be Wary of Post Disaster Contractor Fraud Posted: 22 Oct 2020 11:11 AM PDT To all the redditors in areas that have been hit hard with natural disasters this year, be wary of shady contractors. I have family living along the US gulf coast and there have been an increasing number of "contractors" making fraudulent statements to people who have damaged homes from this hurricane season in an attempt to scam them out of their insurance settlements. Steer clear of any contractor that:
Make sure you:
Having a lost or damaged home is life altering and can leave you stressed and confused, but unfortunately that won't stop some people from trying to swindle you. To all those recovering, good luck. [link] [comments]  |
| Received Collection call about Payday Loan never taken out.. Posted: 22 Oct 2020 01:14 PM PDT I got a call today from some debt collection agency called DRA LLC, according to their website I owe some payday loan agency $700. The only thing is ive never taken out a payday loan in my life and my only debt I know of is medical bills as all my credit cards are currently in good standing and such. How do i go about having them verify they debt? Do i send them a certified letter and such requesting verification? Update Its spam as I only have 2 collections on my credit report.. thanks for the help [link] [comments]  |
| Marcus by Goldman Sachs is a terrible institution Posted: 22 Oct 2020 03:42 PM PDT Certainly doesn't make sense to me, but this has thrown my plans off wildly, so figured I'd share my sob story. I've been saving for a down payment for a house for some time now. Found a fixer upper in a VERY high demand market. Set to close tomorrow, things looking rosy, until I notice some tiny writing at the bottom of the Marcus page, that I have a wire limit. I call them up, explain my situation, and they say oh no problem, just call day-of and we can wire that. A couple days before, I call again just to get a second opinion and make sure it is, indeed, ok. I then learn I am only able to wire funds to a checking or savings account in my name. So I do so. I wire those funds to my linked bank account that I've previously pulled funds to accrue the extra interest. Marcus closes the account. The problem: I do not have a statement from Marcus that the funds were wired. I do not have a statement that my account was closed. That might happen on the first of the month. Guess what my underwriter needs? A statement proving that the funds previously held in my account were indeed transferred to the account held in my name. Marcus has NONE of that information since the account was closed. I can access nothing online. They cannot provide any records. They cannot email, they cannot fax. They can only send physical letters. Naturally, this takes time. My underwriter has no confirmation that I didn't borrow the funds at 18% for this down payment, which is part of what caused the Great Recession, and now requires greater oversight and records. I cannot close as expected. TLDR; If you use Marcus by Goldman Sachs and ever need funds, give yourself several weeks. They work in the dark ages. [link] [comments]  |
| Quitting Pension Job what to do with money? Posted: 22 Oct 2020 06:32 PM PDT Ok so I quit my job, vested in the pension(14years) What would be the best course of action? Should I withdraw and put my Roth if they allow me?(Already contributed 6k in Roth this year).Not sure how this works or keep it in there til I hit 60(30years from now). Confused on my options and what's the best or how pension plans work when you leave a company, not retiring. I'll call them this week but Im not sure how to go about it what's the best action to take. Thought they would of gave me paperwork or something but nothing so far(quit 2weeks ago). [link] [comments]  |
| Are there options for opening savings/checking accounts online that have low minimums/no fees? Posted: 22 Oct 2020 08:21 PM PDT I'm trying to get a friend a bank account to help him obtain some agency and independence. He can't travel due to his circumstances and is low to no income. Are there online accounts he could make use of and join with little cost or balance to maintain and sign up for remotely? [link] [comments]  |
| Husband died. 2 toddlers. How to allocate life insurance payout? Posted: 21 Oct 2020 11:42 AM PDT Hi there. I am 35f, living in a high-cost city in the US. A son and daughter, both under the age of 4. My husband passed away fairly recently and I am now ready to start thinking about finances. This is not a request for sympathy. But I could use some advice on how to allocate $100k life insurance money. The specifics of my financial situation: Cash flow: Annual compensation is roughly $350k, but a lot of that is paid as a one-time bonus each year (which I do not ever count on). Base salary is $210k. I max 401(k) (up to IRS limit) and after taxes/deductions my monthly income is around $10k. Social security survivor's benefits (for my children, not for me) adds a tax-free $3k. Thus, total monthly income is about $13k Major monthly expenses are mortgage, condo fees, and nanny. Then all the other things like food, etc. Total expenses about $10,500. Assets: - $100k cash savings - $125k in investment account (index funds) - $650k-700k home (hard to pin down in these COVID times..) - Two 529 accounts for my kids, each with about $8k in them - ~$200k in my 401(k) after the rollover from my husband completes Liabilities: - $550k mortgage (3.625%) - $10k auto loan (3%) Goals: - Provide for my children. Among all the other things, that means probably $500k minimum for college for the both of them by the time they are 18, at the disgraceful rate of college tuition inflation. And another $50k-100k for my daughter's wedding some day (I know many don't approve of this...it is what it is). FYI I intend for them to be in public education, so no private school money to set aside. - Within the next 2 years, move to a bigger home, either in my current city or somewhere maybe a little bit easier/cheaper. I am in a condo in my city now, and it is just too small. I want a real house with 3-4 bedrooms, a yard, etc. Due to wanting to be close to my family and support network, I need to be on the East Coast, so suggestions about moving to the heartland to buy a big spread are not possible (though of course I have thought about it). Questions: - As mentioned in the title, I am in receipt of $100k from life insurance. How would you allocate it if you were me? - Anything else I should change about my current allocations? Thank you all for hearing me out and for your support. [link] [comments]  |
| Starting a 529 for Nephews - Similar experiences? Posted: 22 Oct 2020 04:16 PM PDT Hi all - I have 4 nephews, ages ~4 - 12. Unfortunately, their parents are nearly poor and struggle just to get by much less save for education. In contrast, my wife and I are DINK and doing fairly well (maxed 401k, Roth IRA, HSA, plus saving on top of that). I was looking into 529 plans, and liked Vanguard's NV-based one. However, min buy-in is $3k, or $12k for all of them. Where I am struggling to make a decision is on if I allocate $12k for this. It would be a great thing to do for the kids, and I'd feel good about giving them a potential leg up in life when they've not had much of that so far. However, we are by no means in the clear financially with about $100k debt between mortgage and one car. I feel somewhat selfish, but $12k could also do us a lot of good financially (probably would dump into brokerage and left to grow for now). For the sake of argument, I have this cash in hand and can go either way. Although any comments on the specifics of 529 plans are also welcome, I'm curious if anyone else here was in a similar situation and decided one way or another. If so, which way did you go and how do you feel now? Did you wish you chose differently when you had the chance? Thanks for reading. [link] [comments]  |
| Suggestions on a new bank for checking? Posted: 22 Oct 2020 07:45 PM PDT I had to switch from my US Bank Student Account and moved to Discover Cash Bank Checking thinking it was a good no-fee, no-fuss with benefits account. However, everything Discover related punishes new account holders. Can't Zelle transfer, mobile check deposit, ATM Withdrawl, etc. until 90 days after opening. These essential functions are so necessary as I have to pay rent and add funds to my account. My significant other suggests Chase Student, but I'm not a fan that it's cut-off the no-fee until 24 since I'm turning 23 next year and would like a long-term banking option. I'm too frustrated and tired to go through this process all over again and would like to hear some thoughts and suggestions from other people. [link] [comments]  |
| Should I sell my car that I don’t drive? Posted: 22 Oct 2020 02:55 PM PDT So, as the title states, I am debating selling my car and would appreciate any insight! The details: it's a 2013 Hyundai Elantra with about $120k miles. It drives fine and I've been fortunate to not put much money into it but have maintained it well. Has some scratches and such due to city living but no accidents. I have been WFH since March, and will be until next summer. At that point there is talk of flex scheduling. The car doesn't cost anything to keep (except insurance which is minimal), but I do make a point to run an errand in it every week or two just to turn it on. My husband has a car that tends to be our go to and he does most errands, so it seems silly to keep a car that may be on the verge of needing expensive repairs, when I could get maybe $3k for it, save it, and purchase a new car next year. Obviously new car would be more money, but if I would need to do that in 2 years should I just get some cash for the car before driving it into the ground? Any thoughts? [link] [comments]  |
| One time .5% mortgage rate adjustment reduction...should I do it? Posted: 22 Oct 2020 05:51 PM PDT Hi, In my head this seems to make sense, but am looking for a sanity check. TIA [link] [comments]  |
| Which student loan lenders refinance international (EUR) student loans? Posted: 22 Oct 2020 03:15 PM PDT Hi all, tl;dr: which American loan providers refinance European student loans? I've done all the googling I can but I feel like I'm missing critical information! Existing Loan: Prodigy Finance, ~33,000 EUR Income: $100,000 Institution: U.S. citizen, I went to a recognizable college in the U.S. but my MBA is from a school in Europe that usually doesn't show up on any drop-downs. This loan is from the European MBA. Credit Score: 750+ (TransUnion was 782) What I've tried:
Result:
Question:
Many thanks for any input! [link] [comments]  |
| So, say you’re a 18 year old that wants to grow $5000+ in the stock market. Where do you start? Posted: 22 Oct 2020 03:14 PM PDT Like the title states I'm around the age of 18 and looking to invest a chunk of my savings i've accumulated from working in an attempt to make the money work for me. Where do I start gaining the knowledge needed to start making smart medium to long term investments? (3-15 years)? [link] [comments]  |
| Posted: 22 Oct 2020 06:48 PM PDT My goal is to have $10000+ for each of my 3 kids when they move out to give them a cushion or what not. I've nearly achieved this after my parents gifted us some money a few weeks ago. I'll probably bump it up to $15000 each. Ages are 15, 13, and 11. Right now the money is parked in a "high" interest rate account in wealthfront earning a whopping 0.35%. I'm tempted to put the money in my investment account lump sum and earn a little extra to go towards the goal. That violates the 5 years principle, but if I lose money before the oldest is ready, I could effectively borrow from her siblings until the money recovers for the next kid. Lately I've been feeling like I've tried to do too much at once with my finances and this would simplify things. What do y'all recommend? [link] [comments]  |
| Can't set up an account at Equifax to unfreeze my credit Posted: 22 Oct 2020 03:53 PM PDT I was able to unfreeze with Transunion and Experian no problem. No dice with Equifax. I fail their ID test which included questions about fraudulent transactions that do NOT appear on my other credit reports. I can't set up an online account. I can't even talk to an agent because I fail their bogus test. How the F am I supposed to unfreeze my credit with Equifucked? [link] [comments]  |
| Posted: 22 Oct 2020 08:12 PM PDT Where's the best place to apply or shop for a small personal loan? It'll be my first, somewhere from $5k to $10k. My credit sucks, although it's been steadily getting better the last year or so. I make $56k a year. Should I check with my bank first? I'm getting offers on Credit karma which is what made me think about a personal loan at all, but I know they only show you a small sample of what's available and they're paid to advertise those companies, so guessing that's not the best place to start. I'd prefer something that feels as unbiased as possible so I can trust I'm actually getting the best deal overall. Thanks in advance! Any advice or guidance welcome & appreciated. Let me know if you need more detail in order to provide the best advice. [link] [comments]  |
| HELOC vs Home Equity Loan for Solar Posted: 22 Oct 2020 08:01 PM PDT I'm looking at replacing my roof and also adding solar. The up front cost in total is around $50k and I'm debating between a HELOC and Home Equity Loan to fund the upfront cost. Post tax incentives it's around 30k. I plan on paying it off in full in 2 years regardless, with the first two payments (bonus + tax credit) being early next year. What's the better plan of action? If it helps I'd love to minimize origination fees and don't really plan on dipping into equity again. [link] [comments]  |
| Looking to opening a credit account Posted: 22 Oct 2020 05:15 PM PDT Hello all, currently I only have a debit card with my mom as the admin I guess you would call it? I'm am currently looking to building my credit but I am not sure what card to go with. I would like to start out with USAA but If there is a better move I am up for it. So, what is the best credit card to go with for a beginner? [link] [comments]  |
| How to find out if my Dad has bank accounts in my name? Posted: 22 Oct 2020 11:16 AM PDT I recently entered the workforce fulltime after graduating from college. I was 17 when I went to college so my dad is on all my bank accounts I set up back then. Recently I have taken a much greater interest in my finances and am trying to control all of my own. Before this, I put all money I earned into my one bank account, had 1 credit card (which I paid for out of that account), and let my father do my taxes. I recently ran a credit check on myself and saw that there are 5 credit cards in my name. Not sure where they came from but I have only ever opened 1. They have been open for years, used frequently, and bills always paid on-time. I asked my father about this and he said he has not opened any. However he is a card churner and I not sure I believe that answer. I also recently found out he opened an account in my name at a local credit union and is storing a significant sum of money in there. Not sure what is going on there either. How can I figure out what he else he has opened or stored under my name? What are the implications of having money that isn't mine (but technically is) in my name that I have no idea about? My mother (despite making 3x more than my father) does not know anything about the family finances or what my dad has or has not opened. She does not even know what is out there in her name. How can I get him to stop opening things in my name? He has my SSN and personal info. The one account I have discovered took an insane amount of time to access because I did not know the full account number or answers to security questions. But he had upwards of $30k in there. [link] [comments]  |
| Question Regarding Personal Loans Posted: 22 Oct 2020 07:24 PM PDT Sorry in advance if this has been answered, but I've been trying to find an answer with regards to personal loans. As of right now, I am currently living in an apartment after having sold my house. I've calculated that I can live for the term of my lease on the proceeds, but I'm staring down a considerable amount of credit card debt. My question is, would it be wise to consider applying for a personal loan, and additionally, are there any recommendations on to work with to secure that loan. Thank you in advance. [link] [comments]  |
| Former employer listed my SSN wrong on my W2 & I can't get in contact with them Posted: 22 Oct 2020 02:22 PM PDT I just realized my employer listed my ssn wrong by one digit, making it an invalid SSN. I filed my taxes using the correct ssn and already got my tax refund back but I want to get the W2 reissued with the right number asap. I cannot get a hold of anyone at my job. It's a small office and we have no proper HR. Is there any other way, can I just call IRS, would they be able to help with updating the W2? Thanks in advance [link] [comments]  |
| Posted: 22 Oct 2020 02:19 PM PDT Hi all. I currently have a Chase Sapphire Reserve credit card with a $30,000 limit and a $550 annual fee. I am a tech consultant and got the card due to all of the work travel I was doing before lockdown. I use the points I have acquired + the travel stipend from Chase to cover the yearly fee (and still have points for multiple free tickets/hotel rooms). I've done minimal travel and my points are significantly lower. I can certainly cover the $550, but it doesn't seem worth it to have such a high yearly fee with no clear benefit. I saw today I was approved for the Chase Freedom Flex (about the same credit limit), which offers similar benefits to the ones I use for the Chase Sapphire Reserve and it has no yearly fee. My questions: 1. Should I cancel my one card to open another card? 2. If I do #1, what do you think will happen to my credit score? Financial background: -I am about 5 months away from paying back my student loans ($25,000 left on $160,000). -I have another credit card with no fee (Discover). About $50,000 total credit limit between the two cards. No balances carried month to month. FICO score is 780 Thank you! [link] [comments]  |
| Chase Amazon Card - Finance Charge Question Posted: 22 Oct 2020 04:49 PM PDT Sorry to waste your time with this on something I could probably find in my terms and conditions. Recently I couldn't pay my statement balance in full. I came very close, but still got a high penalty fee. They told me that when I miss the full statement balance they charge me interest on the TOTAL, CURRENT balance. The following month I paid my statement balance in full and I got another charge. I called again and they told me that I have to pay, in full, 2 consecutive statement balances or I get charged a finance charge for my total current balance. They said this was how all credit cards were. I have never not paid my statement in full before so I didn't ever know about this. This month I missed my CapOne statement balance, on purpose, and they charged me 3$, and proving that not all credit cards do what Chase has done to me. Is this right of Chase? Does this sound normal? It is the Amazon 5% card. Thanks in advance. [link] [comments]  |
| Landlord won’t return deposit or calls Posted: 22 Oct 2020 02:00 PM PDT So real simple problem I guess, I was in the middle of buying a house from June-August and my least ended August 24, so outside of the written contract, he let me do month to month until I closed on the house. I ended up closing August 31 and was 100% moved out by September 8, leaving me 16 more days (which isn't a big deal since it was empty) left. He had someone moved in there within the next week, once again not a big deal, but still in my lease term. I called him to check on the deposit refund which is only $1100, but he told me the dishwasher needed replaced. I didn't touch the dishwasher in the year I was there, so I had no idea if it was broke (or even if it was at all) but he said he would get back with me. 2 weeks later and he won't return my calls and I left a voicemail. Anything I could do? Was planning on using that for a quick vacation [link] [comments]  |
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