Personal Finance If you get a letter that you are owed money |
- If you get a letter that you are owed money
- Why does most financial advice focus on minimizing expenses- isn’t it much more effective to maximize earnings (and thus have more to save?)
- Awful experience
- How to generate income from an old church building?
- I got spam bombed today... but still managed to detect a fraudulent order and get it cancelled prior to shipping
- Workman's Comp didn't pay my bills from an injury because they didn't pursue me to get my info. Now I got 2000 dollars owed, and don't know what to do.
- Investing 10% of income in company stock program — is it practical?
- early 20s, in debt, living at home, losing my mind.
- Homeless, interested in coding have laptop but broke
- Can I afford a $22k car?
- IRS is requiring me to verify my identity before processing my return, but their website won't accept any of the addresses I've used and they won't answer the phone
- How Comfortable Are You With Vanguard's Security?
- Dealership “negotiating” with bank 3 weeks after I brought my car?
- What happens when there’s no money in a deceased estate to pay off personal loans or credit card debt?
- Father just received a medical bill from 2 years ago. What to do?
- 18 with 15k in savings. What should I do?
- Is there any reason to not take a promotional Car Loan 0.00% loan 4 Year loan & pay it off in a year?
- Some Questions About My Recently Bought Car
- Will a bank show my account balance when I do a withdrawal in the receipt?
- Hourly pay going down?
- Auto advice for a friend
- How do I negotiate an internal job offer?
- Should I put extra savings into the house or keep it in the stock market?
| If you get a letter that you are owed money Posted: 01 Jun 2021 12:25 PM PDT If you get a letter from a "Recovery Consultant" saying you are owed money, which they can recover for a 10% fee, DO NOT RESPOND. This money is likely in your state's unclaimed funds system and can be recovered for FREE with some simple paperwork. I know this comes up all the time, but I was just reminded of it personally today. The state you live in manages a system where unclaimed funds are held when companies are unable to remit them directly to you (usually due to an invalid address). If you google "Statename Unclaimed Funds" you will likely find the correct site. Just make sure it's the official site! (likely a .gov domain). The business I work for (actually a public government entity) received a letter today from "Advanced Recovery Consultants" with a very official-looking form about some ~$2000 owed to us from a vendor. I searched on the unclaimed funds site, and sure enough there it was. This company wants 10% of the total as a "fee for authorizing us to assist in the recovery". But it's a simple 1-page form from the state to claim the money and pay NOTHING. They would've gotten $200 from us just to submit a free form. Don't fall for it! [link] [comments]  |
| Posted: 01 Jun 2021 07:49 AM PDT I know that saving is important but the "cut out coffee" advice seems like it's not worth the metal effort- right? Why not instead focus on figuring out creative ways to make an extra $10/ day? The skill of making more money just seems to compound faster than saving. Thoughts? [link] [comments]  |
| Posted: 01 Jun 2021 11:23 AM PDT I wouldn't recommend Rocket Mortgage to my worst enemy. From the very beginning I had no idea from one day to the next who would be my point of contact for my mortgage. Never had any opportunity to build a working relationship with a mortgage banker and therefore I'm certain that nobody from the company ever had a vested interest in me. If your point of contact was not in the office their voice-mail would give you a number to call and then upon calling that automated number you would be sent back to their voice mail. Several times during the process I was required to supply the same exact documentation two to three times and when I questioned why they wanted the same documentation that I had already sent them they couldn't give me any reasonable answer. At the first reasonable chance I intend to refinance with another company just so l no longer have any affiliation with such a disorganized second class organization. [link] [comments]  |
| How to generate income from an old church building? Posted: 01 Jun 2021 10:36 AM PDT Hi all, Looking for ideas on what to do with an old church building in a small US town. Selling it is on the table, but we are brainstorming other options! If there is a better sub for this please let me know. Thanks for your insight in advance! edit/ the building has not been used as a church for at least 40 years. [link] [comments]  |
| Posted: 01 Jun 2021 04:18 PM PDT So around 11am this morning I started getting TONS and TONS of confirmation emails in my Gmail for various newsletters, online accounts, password resets to websites I've never visited, and so on. Many were for overseas/foreign sites. I am a diligent inbox zero person so I was frantically selecting & reporting spam and it was coming in way faster than I could keep up with it. I googled "suddenly receiving lots of spam in email" and discovered I was being spam bombed... and the typical reason for this is because the spammers are trying to hide an order email. I looked through all my emails and there it was... someone in Atlanta was getting a $2200 purse delivered from Nieman Marcus and put it on my AmEx. I immediately logged into my AmEx account and froze the card, and called them to report fraud. They shut off my card and are mailing me a new one. I was also able to call Nieman Marcus to report the order as a fraudulent transaction, and they were able to cancel the order before it shipped out. I've changed all my passwords and ensured my 2FA is up to date and enabled on everything, and I put a freeze on my credit with the three bureaus (probably overkill, but eh who knows). I'm running a malware scan right now on my computer, my phone comes up as clean. Anything else I'm missing? Also, here's what I don't get.... if a criminal is using a stolen CC to order something... why send the order receipt to the target's email address?? The flood has slowed to a trickle but I've received over 2,000 emails so far. [link] [comments]  |
| Posted: 01 Jun 2021 12:37 PM PDT A little info beforehand: I'm only 21 and going to college Like the titles says, I have about 2k in medical bills for a fractured elbow I injured while at work in February. I contacted the worker's comp for my state and got my claim and the insurance company used by my employers (Sedgwick) . After I fully recovered and went back to work, I started receiving calls that I missed during work hours from my MCO to get more information for my claim. Ive tried to call back, and every single time I am sent to a voicemail. I decide to leave a message telling them the info they asked on the voicemail and my email. Never got any call backs since then. Now I am receiving bills from the places I went for my check ups with worker's comp not paying for any of it. I have no clue what I should do. I'm not employed with the job anymore, and I feel like it's too late now to even try to review my claim again. [link] [comments]  |
| Investing 10% of income in company stock program — is it practical? Posted: 01 Jun 2021 09:50 AM PDT 24M. Florida. $69,200 income. ~$3800 post benefits, 401(k) @ 6% and taxes. I want to treat this as a savings account I never touch or money I don't have. My company is offering 5% off stock, ticker has been stable over the years. Is it dumb to put 10% of my warnings into the stock at 5% off? I figure it beats any gain I'd get on a savings account but I also understand I could take the stock and put it in something that gains more than 5% (naive thinking, but the hyperinflated market we're in allows it in some stock). Just wondering what you think. We have to keep the stock for 90 days after purchase, and it's purchased at "FMV" at the end of each quarter. Thanks in advance! [link] [comments]  |
| early 20s, in debt, living at home, losing my mind. Posted: 01 Jun 2021 06:44 PM PDT i'm 22 and i owe about $50k in student loans. i graduated last year, i make about 47k/year (before taxes). i've paid down a ton of debt already but still have about $50k left. i have no other debt. i live with my parents, our relationship is alright i suppose. if i do this for another year i could probably get out of most of my remaining debt, i just hate the idea of it. am i making the right choice in aggressively paying down these loans? thanks [link] [comments]  |
| Homeless, interested in coding have laptop but broke Posted: 01 Jun 2021 10:56 AM PDT I've been looking into ISAs to potentially help move me along a little further to where I want to be. I'm sure I can find some cheap apartment albeit sketchy, I lived in one for a short while a few years back around 600/month Any ideas on how I can take out a loan to get educated and start paying it back with the fruits of that education? I know some java already and am very familiar with computers I hear ISAs are scams but maybe the cost is worth it to move out of my current situation before I'm doome EDIT: state is North Carolina, I live out of my car [link] [comments]  |
| Posted: 01 Jun 2021 03:17 PM PDT I am looking to buy a new 2021 Mazda 3 2.5S for $21,650 MSRP, but am hesitant to pull the trigger. I feel like buying new right now might not be a bad idea with the current prices of used cars and having a warranty for the new car. I am 24 and currently make $57k/yr at a job I have been at since November. I have $16k in savings and $3k in student loans. (Waiting to pay it off till September when it will start accruing interest) I spend on average $2800/month on rent/utilities/food/etc. There is definitely room to for me to cut back on spending. My credit score is 655. I am planning to make a 20% down payment (~$4400) and plan to trade in my current car which is worth about $1k. My current car needs repairs that are more expensive than the car is worth. Do you guys think it is worth it for me to buy a new car? [link] [comments]  |
| Posted: 01 Jun 2021 06:53 AM PDT I am super lost at what to do: I moved to Japan in 2016, I filed a tax return in 2017 using my registered US address. I filed another tax return in 2018 for 2017 using the Foreign Earned Income Exception. They sent the tax return back to me, asking me to sign it with a pen instead of using the Preview Signature function in Mac OS. I did that, along with sending a photo copy of my American ID to prove my identity. I didn't hear back from them after that so I assumed my tax return was accepted. This was done from Overseas Address A. In 2019, I had gotten busy with work so I didn't file a tax return, I asked for an extension but stuff happened and I didn't get around to it. In 2020, I decided to catch up, so I filed my tax return for 2019 from a new address. This time I never got any correspondence back from the IRS so I assumed it was accepted. Let's call this Overseas Address B. I moved one last time at the end of 2020 to where I live now, Overseas Address C. This move took place after my daughter was born. Early this year, I filed my 2020 tax return, and I was expecting not only a stimulus payment but a stimulus for my newborn daughter as well. However, I had a set-back because I couldn't claim her until I had her passport and her SSN. I finally got those and finished filing. The IRS mailed me the $1400 stimulus check to the 2020 (2019 return) address (Address B). It was redirected to me (I filed a change of address with the post office) and I was able to deposit it. Around the time I received the stimulus check, my mother told me that I had received a letter at her address, the US address from my 2016 tax (2017 filing) that they were "attempting (but failing miserably to do so)" to protect my identity. They gave me a link to idverify.irs.gov and instructions to follow. So off I went. On the IRS website, they ask for first name and last name, but they don't indicate *anything* about middle names (I have a middle name and normally use my full name in first, middle, last format when I file or do any financial matters). The IRS form 1040 does list "Your first name and middle" initial, so I input this into ID Verify as "Name M". Here's where it gets tricky. For address field, it has Address Line 1 and Address Line 2 (Optional). On 1040, it has Home address (number and street), and Apt. no. of which I used both. I entered my address from my 2019 (filed in 2020) return exactly as I typed it, with apt no in the Address Line 2 field, my information gets rejected. My SSN, name with initial, last name, address and city all match exactly as they were on the 1040. And yes, before you assume I got it wrong, the country is also the same. I tried entering my mom's address, because since they sent the letter to her, maybe they updated my information to her address? Also rejected. The only other option is to verify by phone number using the phone number they gave me. The hours of availability? 7 AM to 7 PM. But what time zone? CST, PST? EST? I tried calling during all of them and I keep getting the "office is closed" message. It's difficult to call in the middle of their hours because of the time difference. I have no idea what to do... My identity was obviously not stolen. But I've heard that this ID Verify process is difficult even for people whose identity wasn't stolen. What the hell happens in that case? Do I still have obligations for income tax filing if the IRS won't even let me file? Should I consult an attorney? I want to be clear here, I do not care about the stimulus money. It would be nice to have for baby expenses, but it's not money I desperately need, so please don't judge me on my financial circumstances. The reason I want my income taxes caught up is because I intend to return to the US for work and I would like to sort out my student loan repayment plans and other financial matters. Edit Finally spoke to a human, the tip from rumination_station helped. Unfortunately, even after giving her line by line my info from my 2019 1040 that I literally had opened right in front of me, she said my information didn't match. So now I can either: Mail my information (funny, a process to 'protect' my identity now needs me to send physical copies of information that can be used to steal my identity, inside of a paper envelope across tens of thousands of miles, across multiple hand changes, with the IRS address stamped on the envelope) Fax (No idea if I can do this from Japan, but I'll be researching it because, even though it can be hacked, it's at least marginally safer than mail). [link] [comments]  |
| How Comfortable Are You With Vanguard's Security? Posted: 01 Jun 2021 06:43 PM PDT Vanguard is one of the major brokerage houses and is well known for their index funds. That said, in looking at account security options/advice, their practices seem outdated to say it politely:
I certainly don't mean to bash on Vanguard, I actually generally think positively of them and know they are popular here. I guess maybe I'm just hoping that they will consider modernizing their security because it seems...lacking. Am I right to think this way? [link] [comments]  |
| Dealership “negotiating” with bank 3 weeks after I brought my car? Posted: 01 Jun 2021 12:07 PM PDT I recently financed a car through a dealership at a terrible rate. (5/17.) I've been trying to contact the lien holder for my car since I got it (Safco) but they keep telling me that they're in negotiations with the dealership still. I asked the customer service agents what that meant and they didn't know. How is the bank still negotiating my contract if I've had the car for over 3 weeks now? What would that mean? Can my rates and payments still change? The dealer shopped around for different lenders when I was in the dealership with them. Safco is listed as the lien holder on my loan documents [link] [comments]  |
| Posted: 31 May 2021 09:57 AM PDT My little brother passed and my father is legally his executor. He had around $40,000 worth of credit card and personal loan debt. He only has around $10,000 in his bank accounts with no property or other assets. His retirement and life insurance accounts had beneficiaries listed so it's my understanding they are kept separate from the estate. What will happen when creditors start to reach out to my dad and we run out of money in his estate as we're making payments? My brother passed in California. My brother had an estranged spouse in which he was in the middle of filing for divorce from. Will she be liable for part of his debt knowing that California is a community property state? I am looking into hiring a probate attorney to discuss as well. Please let me know if there is a better sub Reddit for these questions. Thank you so much in advance. EDIT: Thank you everyone for the answers and information. This is super helpful especially at time where it's difficult for my family to even get out of bed. I'm going to be consulting with a lawyer on what would be best for our family and his estranged wife given the situation is a bit unique. Much love to all 🙏🏽 [link] [comments]  |
| Father just received a medical bill from 2 years ago. What to do? Posted: 01 Jun 2021 02:35 PM PDT My father was hospitalized back in May 2019 for about a month. He had received a bill from the hospital of about $2.5k, which he paid in full. During his treatment at the hospital, a doctor provided him subsequent hospital care for some of the days. This doctor then became his primary care physician since she was familiar with this health after the hospital. Fast forward to today and we receive a bill of about $800 for services back in May 2019. What surprises me is that she never mentioned this upcoming bill for the past two years he has been going to her office. The problem now is that the insurance he had back in May 2019 was different (Marketplace), He now has Medicare. Looking at the bill, I see that the insurance paid $0 for everything. I am not sure if this is because the statement was made on 04/22/2021 so the doctor is trying to charge his Medicare which would then refuse to pay since he had a different insurance back in May 2019. Is it possible for his old insurance to pay? How should we approach this? [link] [comments]  |
| 18 with 15k in savings. What should I do? Posted: 01 Jun 2021 09:45 AM PDT Recently inherited 11k and I have 4k in savings from work = 15k. I know nothing about finance. What should I do with it? I'm very bad with money lol. [link] [comments]  |
| Posted: 01 Jun 2021 07:05 PM PDT Hello! I am currently in a market for a daily driver. Considering looking at a CPO or new Tacoma around 37k-40k depending on options and value. I am 24 making around 55k a year. I have little expense compared to my monthly take home pay & contribute safely $1000 each month towards a long term savings, max out 401k, , I have student loans but paying the monthly amount to take advantage of the 0% apr currently, & I have built up a 6 month emergency fund. The Tacoma hold their value annoyingly as a buyer but I haven't owned a car for a few years & my career is 90% travel. Majority of the time traveling by plane or drive locally. I live with my parents for that reason to avoid paying rent. Currently I have 15K in liquid savings for a down payment and my parents spare vehicle trade in value is around 10-12k. I was thinking of just out right paying for a 2015-2017 Tacoma but seeing as it's offering 0% apr for new vehicles and they have the trim and color I want (TRD Off-Road Army Green) can I take up on the offer and make a hefty payment after an initial 20% downpayment? I plan to pay it off within a year and free up expense for a house down payment. [link] [comments]  |
| Some Questions About My Recently Bought Car Posted: 01 Jun 2021 05:52 PM PDT I can't help but feel like I was scammed buying my car. So I'm asking other people's opinions whether I did or not. I bought a new 2021 4Runner SR5 Premium from this Toyota dealership.
Thank you guys so much. I just feel so confused and concerned right now. My anxiety is killing me. [link] [comments]  |
| Will a bank show my account balance when I do a withdrawal in the receipt? Posted: 01 Jun 2021 08:05 PM PDT I withdrew cash to pay for labor done in my home. I accidentally left the withdrawal receipt slip the teller gives you along with the money in the envelope and gave it to the handyman. Will he now see my account balance? Or will it only show the withdrawal amount? The money was withdrawn from a Chase Bank savings account. Thanks [link] [comments]  |
| Posted: 01 Jun 2021 12:47 PM PDT EDIT: Just Union dues! Disappointed in the pay decrease but more disappointed in myself for forgetting to read lol Thank you guys! Not sure if this is the right subreddit to ask, please let me know if there is a more fitting one! So I've been working at this job since late February/Early March, I just got to wondering what my actual earnings were per hour after taxes, so I decided to go through them and calculate it. Sorry if this is a dumb question but this is my second job and my other one doesn't fluctuate this much, just wondering if this is normal? [link] [comments]  |
| Posted: 01 Jun 2021 12:31 PM PDT Heya - I have a friend who just purchased a car. I believe she's here on a travel visa as an au pair (speaks okay english, but not amazing). Her program just ended and she plans on doing uber and such. I don't know her exact income, but I know it's not much. Now to her purchase, she purchased a 2019 Toyota Camry (brand new, i think like less than 100 miles) for ~$32,000. Looks like she put $5,000 down and $27,000 is financed at 19.99% for 6 years. To me that's insane, I don't think I'm overreacting. It feels like basically robbery, but she probably has almost no credit. What are her options? Should she look into refinancing? Should she try and sell it? Obviously if she sold it she'd be taking a loss now but I think it would be better than sticking with this loan for the next 6 years. [link] [comments]  |
| How do I negotiate an internal job offer? Posted: 01 Jun 2021 07:29 PM PDT Received a verbal offer today from the same company, but different business division that I'm currently employed. I guess it's technically a "lateral" move since the position is in the same pay band, but the base pay is 10% more and is non-exempt salary position. My main concern is that I'd lose out on overtime hours and commission opportunities and that the new job is somewhat of a pay cut. I'll also be losing the usage of a company vehicle to use. I'm waiting on the written offer to review further, but I should try and negotiate for more money right? How would I bring that up? I've never negotiated salary before so I'm looking for guidance on the words I should use and what to discuss with HR. Also, what can I do to NOT make them rescind the offer? (Worst case scenario). [link] [comments]  |
| Should I put extra savings into the house or keep it in the stock market? Posted: 01 Jun 2021 07:25 PM PDT My wife (26f) and I (28m) have a mortgage on a $300k house (remaining balance $225k at 2.65%) that we plan to pay off in 10 years by making $3,000 payments each month. We have a decent amount of savings, and I have a little over $60k in an investment account. The $60k in the investment account has performed better than 2.65% returns over the last few years, but I am tempted to put it all into the house to speed up our mortgage maturity date by about 5 and a half years. This would save us almost $29k in total interest paid vs. doing it in 10 years. I am wondering if this is a good idea. Here are a few other considerations: • The stock market could do better and we'd lose out on that, but putting 60k on the house now will inevitably save us $29k. We are considering early retirement and would like to have a large stock portfolio to live on before drawing from 401k's at 59.5. • I would rebuild my stock portfolio slowly while we finish off the mortgage and then start putting a lot more into it when it's paid off. • There is a good probability of one of us getting a job in a new city in ~5 years and moving. We would like to spend about $100k more on our next house. • I am more conservative and risk-averse than my wife and would have a lot more peace of mind having the house paid off. [link] [comments]  |
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