Personal Finance Why cant I get a small loan, when i have no debt? |
- Why cant I get a small loan, when i have no debt?
- Should I use my savings to pay off my credit card debt?
- What does “just because you can afford the payments doesn’t mean you can afford the car” mean?
- Good idea to not use a realtor?
- Should I send another copy of my 2020 tax return?
- Anyone Used Series I Bonds?
- House payment increased by $600 a month to refill escrow account because my account was "rebalanced" and I have a -$5,100 due to a bunch of escrow advances.
- Hospital Sent a Bill without Knowing My Insurance, Should I Tell Them My Insurance or Just Pay for It? Worried that with Insurance the Bill Would Be Higher Than Without Insurance.
- Need help deciding what to do with a bonus I got
- Adding an authorized user to help build credit if they have already have own card
- 24, parent's house is a health hazard. how much savings to leave for a month?
- Apartment boy willing to give us overpaid rent back.
- About to open my first bank account. I’m a minor who has accumulated 3,000 from an under the table job. Will the bank ask any questions?
- Mom is about to lose house and I don’t know what I can do
- Roth 401k v 401k
- Home loan interest question - what happens if I sell my house?
- I Have Extreme Difficulty in Distinguishing some Wants and Needs. How do you handle these?
- Is This a Conflict of Interest With My Current Employer
- Planning for the what-ifs with one partner unable to work
- How can I contribute 15% to retirement when only IRAs are available?
- Credit repair company that works? I don’t have the time or patience to dispute things I’d rather pay for the services
| Why cant I get a small loan, when i have no debt? Posted: 04 Sep 2021 11:36 AM PDT I'm 51 years old. Always paid my bills. Something has recently come up and I tried to borrow $1500 to no avail. What the frack! I have friends that are 10s of thousands in debt. I owe maybe $400 give or take. Which I pay off on payday. You'd think being 51 and having that debt load, I'd be good? UPDATE. I want to thank each and everyone of you who read and replied to this. I've taken notes and will do my research a little better. Thank you for the "food for thought". I come from a background of "cant afford it, dont need it". So, no payday loan, no title loan, and next paycheck open an account at a credit union and apply for a secured credit card; which I'll pay off maintaining a 10 to 15 percent debt ratio? [link] [comments]  |
| Should I use my savings to pay off my credit card debt? Posted: 04 Sep 2021 07:08 AM PDT Hi everyone, I made a post yesterday about my credit card debt and needed some extra advice. I owe $2,600 on a credit card (I made a payment laser night) with an APR of 18%. I make about $780 a month since I'm a graduate student who can work very little sadly. My savings are $2,700. Should I use a big chunk of my savings to have a lesser monthly payment or just use money I get from future paychecks? I was planning on paying this off over a 6 month period. Without using my savings, I'd owe around $430 a month, but with savings I could lessen that. The idea of using my savings scares me is the issue, but I'm not sure what to do. Also, I don't know a lot about finance so I'm sorry if I sound like an idiot, I'm trying to learn. Thank you! UPDATE: Thank you to everyone for the advice. I put $1000 more towards it today. Once I get a paycheck or two, and I'm more comfortable with what I have in my account, I'm going to nuke the debt. [link] [comments]  |
| What does “just because you can afford the payments doesn’t mean you can afford the car” mean? Posted: 04 Sep 2021 07:05 AM PDT I'm trying to buy a car at the moment, preferably in full but I'm being tempted by some nicer cars that I can in theory afford with a solid down payment, but I remember seeing something along the lines of "just because you can afford the payments doesn't mean you can afford the car" somewhere and I don't know if there are any hidden costs I don't know about after payments and insurance. [link] [comments]  |
| Good idea to not use a realtor? Posted: 04 Sep 2021 06:59 PM PDT My wife's boss offered to sell their house to us for slightly under to market value. We like the house and can avoid a bidding war and they said they'd have no problem if we wanted an inspection. If they do a for sale by owner, do we need a realtor? Wouldn't we both be saving money? Not sure the pros and cons since this would be our first house. [link] [comments]  |
| Should I send another copy of my 2020 tax return? Posted: 04 Sep 2021 05:28 PM PDT US taxpayer here. I filed my 2020 tax return on paper in April 2021 with an expected refund. I have not heard from the IRS, seen no refund, and the Where's my Refund tool keeps telling me I entered the wrong information, which appears to mean that they have not processed my return. I do not want to be accused of failing to file, but I have no proof that the return has even been mailed. Should I mail another copy of the return (this time with a certified receipt) before the exention deadline? [link] [comments]  |
| Posted: 04 Sep 2021 07:31 AM PDT With interest rates as low as they are, and everyone and their dog talking about a market correction, I'm thinking about parking some short-term savings (down payment for a house) in some Series I Bonds, which return at least enough to offset inflation (assuming we don't spiral into hyperinflation). Anyone here dealt with Series I Bonds? Am I missing anything? CDs, savings accounts, etc. don't give hardly any return right now, and I'm not interested in things like buffered ETFs (too risky for short-term savings, IMO). [link] [comments]  |
| Posted: 04 Sep 2021 08:12 PM PDT Pretty much what the title says. Our house payment went up by $600 a month because there was not enough money in escrow account to pay tax bill. We purchased house in July 21. Our escrow account is -$5,100 right now, they split it up over the next 12 months which is $600 on top of our house payment already. My fault is I put the house on autopay, went paperless and never checked statements because past experience I always got a check back from escrow a few months after buying a new house. Also, we paid a supplemental tax bill of $1,200 as well on top of all this in the spring. I live in Riverside Co. California. Home was purchased at $411,000. Is there anything I can do to not pay some of this, I feel like this is partially the loan servicers fault (Penny Mac) I can see being off a little bit but over $5,000 is a little much. Thank you for responding. Edit: Looking back at the account statements, it does not show I received an escrow advance. It only shows what I paid and what they paid for taxes. I recommend checking the account history online if you want to look into this. The reason why my payment changed is because once a year their system does a escrow balance and caught how bad my escrow account was. Someone definitely screwed up calculating this. Way off. My insurance did go up about $170 a year but that obviously is only a small amount of this. [link] [comments]  |
| Posted: 04 Sep 2021 07:52 PM PDT Why the hospital doesn't know about my insurance is that the bill is on our baby when he was born, I didn't tell the hospital my insurance, because I hadn't put him on my insurance back then. I'm worried that with insurance the bill would be higher than without insurance, and it has happened to us before: For this bill on our baby, it's $547. Our (our baby's and my) deductible is $5,500, max out-of-pocket is $6,850. If I don't ask them to file a claim, we are going to pay $547 (not counted towards deductible). It'd be nice if I could have both bills (with and without insurance) and choose one to pay, but I don't think that's how it works. I assume that once the claim is filed, I will have to pay the bill with insurance. Of course the bill with insurance could be lower than or only a little bit higher than $547, but I have PTSD dealing with bills from this hospital, my gut tells me that the bill with insurance will be higher. I don't have an itemized bill (I assume that only if they file to insurance, they would bother to itemize the bill), but $547 is kind of fair for 2 day hospital stays for a newborn, it can't possibly go lower even with insurance, can it (I'm located in DFW, the Hospital is in Plano)? [link] [comments]  |
| Need help deciding what to do with a bonus I got Posted: 04 Sep 2021 09:10 AM PDT First let's assume I have a good emergency fund, max 401k, IRA, etc. [link] [comments]  |
| Adding an authorized user to help build credit if they have already have own card Posted: 04 Sep 2021 06:53 PM PDT I looked and couldn't find an answer for this. Trying to help my fiancé build his credit. I have a Discover+ card with a $20,000 limit that I use very little of the limit on. However, he already has a Discover+ card of his own with a much smaller limit. Can I even make him an authorized user on my account in this case and if I can will it still help him build his credit? [link] [comments]  |
| 24, parent's house is a health hazard. how much savings to leave for a month? Posted: 04 Sep 2021 07:28 AM PDT for the sake of this post, just assume i live in a house you might see on the show Hoarders. i do remote work but working in the petri dish isn't feasible anymore. I've managed to get work done by going to coffee shops. i just want a breather (literally). i want to find a relatively clean place that i can use for sleep, keeping my stuff, and unwinding after long days. the catch is with my current situation, i earn money sporadically. depending on my luck in a given month, i could be below or well above minimum wage. how much do you think i'd need to save ahead of time for a short term stay? most places where i am are $750-$1100 monthly rent. I think i could get by on $110/mo for essential food. they have cheaper apartments, but they seem pretty dang sketchy when below 700. i use a bike right now so no gas expenses. I'm not opposed to relocating, but maybe not too far in case i can't make the next month's rent. my savings account has about $1200. how much should i save in advance before hopping out for just a month? thanks [link] [comments]  |
| Apartment boy willing to give us overpaid rent back. Posted: 04 Sep 2021 06:43 PM PDT Not sure if this is the right sub but I was wondering about the legality of this. I live in Massachusetts if that helps. So when I moved into my apartment we paid first and last. We paid full price for our last months rent but our lease will end on the 25th. We contacted them to ask for the 5 days back prorated. They told us because we only had a 360 day lease we still had to pay the full month. Is this legal? [link] [comments]  |
| Posted: 04 Sep 2021 03:49 PM PDT If so, what should I say? Should I deposit it in smaller separate amounts? [link] [comments]  |
| Mom is about to lose house and I don’t know what I can do Posted: 04 Sep 2021 06:25 PM PDT My mom came from Russia to America about 25 years ago, she was always hardworking and tried to build herself up from the ground, and she did, she has a house now but she's mortgaging it. The payments are $2,000 a month and she is having a hard time affording it, she started doing bail bonds after a career in massage therapy because her hand was starting to have chronic pain, and she hasn't been getting any clients. This is all she has, she poured all her money into this and now she has no source of income. She says marketing isn't working and I don't know how I could help. Florida is getting more and more expensive and anything that could house her and my little brother would be around the same amount of money. She got a break from payments because of covid but they're no longer offering any breaks. The house is also not in the best condition. I'm 19. I'm pretty much by myself, I started living here again 3 months ago because I had to save money, and it's pretty much been chaotic for me. Im making $22,000 after tax, going to get an education, and so far, I'm in a good place financially. I have a plan for the future, I don't want to mess anything up for myself but I feel like I should do something. I'm not sure if this is the right subreddit but if anyone has advice please help. Thank you. [link] [comments]  |
| Posted: 04 Sep 2021 04:03 PM PDT I have been using some calculators online and it seems that 401k always comes out on top if I assume my tax bracket in retirement is less than my bracket currently. Is it really that simple? I am in the middle of trying to figure out whether my wife should be investing in the 401k as she has been or switch to a roth 401k. [link] [comments]  |
| Home loan interest question - what happens if I sell my house? Posted: 04 Sep 2021 07:15 PM PDT I have a mortgage with $227,000 on it. I have paid $3000 on the principal, $4500 in interest. Let's say in Spring 2023 I owe $220,000 paying $10,000 in principal and $15,000 in interest. I assume that if I sell the house in spring 2023, the $15,000 in interest is simply kept by the bank, correct? I bought the house for $245,000 and after two years I sell it for $260,000. Out of that $260,000 the bank gets the remaining principal owed ($220,000), and keeps all that interest, correct? [link] [comments]  |
| I Have Extreme Difficulty in Distinguishing some Wants and Needs. How do you handle these? Posted: 04 Sep 2021 03:03 PM PDT I've been keeping a budget for awhile and use a a column to identify each expense as a want or a need. Sometimes, I really, really struggle to identify which category some purchases fall under. Here's a few scenarios:
Any advice on how to help categories these expenses I see as "gray areas"? [link] [comments]  |
| Is This a Conflict of Interest With My Current Employer Posted: 04 Sep 2021 06:32 PM PDT My apologies if this is not the best sub for this kind of question. Right now, I'm in the process of searching for a new position and leaving my current employer. There are a few reasons why I want to leave, but the biggest is that I'm moving. Regardless though, I want to get out of the company I'm with at the moment. Very recently, I found out that my current employer which we'll call Company A, is going to be having a new client which just so happens to be company B, the company at the city I'm moving to that I've had my eyes on for a very long time. Now, I don't currently do anything direct with company B and the position I am looking into is different from what I do with company A. My questions are as follows: Will this be a conflict of interest? If not, do I potentially put myself at a big risk of Company A finding out I applied to Company B? Finally, do you think there is any chance at me applying or would company B consider me as a bad canidit since I currently work for Company A? [link] [comments]  |
| Planning for the what-ifs with one partner unable to work Posted: 04 Sep 2021 05:44 PM PDT Hi all. We're a married couple in our 30s, no kids. A couple of years my husband became disabled and it is unlikely he will be able to meaningfully support himself for the foreseeable future. I make enough to support us both comfortably and don't mind doing so, but I worry about how he could support himself if something happened to me. Outside of thinking "this sounds like life insurance" though, I'm not really sure where to start. I have very little debt and a well-funded retirement account with him listed as the beneficiary. So would I just need to look for a life insurance policy that could carry him through until he can draw from my retirement account? In terms of extra disability-related expenses I would have to plan to have covered by this hypothetical policy - he doesn't need any kind of expensive round-the-clock care, but it's safe to assume that his monthly expenses are slightly higher than the average person his same age. Am I on the right track here? What else outside of a life insurance policy should I be thinking about? Obviously the goal here is to put plans in place that we hope to never actually use - but having said plans in place would let me breathe a little easier. Thanks all. Edited - Already has SSDI, but it would not be enough on its own if that was all he had. [link] [comments]  |
| How can I contribute 15% to retirement when only IRAs are available? Posted: 04 Sep 2021 08:55 PM PDT I recently landed my first job out of college that is starting soon. Six figures, so the income isn't an issue. I would like to contribute the recommended 15% to a retirement fund, but the IRA limit is $6000. My employer does not offer a 401(k), only an SEP-IRA that I'm not eligible for yet (minimum one year). The SEP-IRA could amount to 15% in the future, but that's not guaranteed by its nature. How can I contribute 15% currently? Given the IRA limits I can't even do a third of that. [link] [comments]  |
| Posted: 04 Sep 2021 05:04 PM PDT Yes I know, it's a waste of money and I could do it myself. However, I'm a mom of 2 young kids working full time with a great salary, I'd rather just pay to have someone see what they can do. To make a long story short, I've had pretty ok credit. Dumb decisions when I was younger haven't helped but I was in the upswing until last month. Well we closed one line of credit and then somehow have delinquent payments somewhere? Not even sure what it's for, but we move a lot so wondering if something got missed in the mail. I just would prefer to pay someone to look into it, bump up anything else they can, etc. Is there anyone reputable? [link] [comments]  |
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