posted: Feb. 22, 2004 @ 7:48p
This now merged to: Finance Forum: Topic Links ~ How to Search ~ Q & A ~ more! <img src="i/expressions/face-icon-small-smile.gif" border=0>
PLEASE READ THIS THREAD BEFORE CREATING A NEW THREAD!.
Reposts clutter this forum and reduce its usefulness. This thread lists many of the most common questions, and also gives tips on searching, so that you may quickly find the answers to your questions on your own.
COMMONLY ASKED QUESTIONS Are listed below. Please read the FAQ THREAD (stuck at the top of this forum) , or search bankrate.com or Google to get more detailed information.
1. Q: What do I do / where do I invest $xxxx amount of money for XXX time?
A: Presidential, ING Direct, VirtualBank and many others all offer good rates that are usually much higher than local banks. See the FAQ The Mother of All Online Banking, Checking, Saving, and Money Market, Interest Rate Threads.
2. Q:How will doing XXXX affect my credit score?
A: We don't know. And since we also dont know about the specific loan you may be applying for, no one here can tell you whether doing XXX may cause your credit score to drop to the point where they increase the rate they offer you , or deny you entirely. There are many factors involved in the mysterious and elusive credit score. See how certain actions may affect someone's score here (more threads on how various actions can affect your credit score are found in the Credit Card FAQ)
3. Q:Can I pay my mortgage with a Credit Card?
A: Yes, there are ways to do it, but you generally wont earn rewards unless you use some "roundabout", multi-step strategies. See this thread.
4. Q:I want to start/build my credit. Whats the best card to get?
A: Department store cards, gas cards, and "student" cards (they are all over campus) tend to be the easiest ones to get. Credit unions and Secured credit cards are also good to look into, especially for those new to this country or with prior credit problems see this thread (and be SURE to check out the Credit Card FAQ)
5. Q:My lender offers a biweekly mortgage payment plan. Is this good?
A: If they charge you any fees for this service (which you can accomplish yourself for free), its generally NOT a good idea. see this thread to see an example of how many biweekly plans work.
6. Q:I have a problem with XXX company
A: Again, its time to read the FAQ THREAD, particularly the Debt Collection/Disputes FAQ , and Winning Disputes With a Company That's Giving You the Run-Around
7. Q: I have several debts with different interest rates. Which should I pay down first?
A: Pay down the loans with the highest interest rates, taking into account possible tax benefits (for instance, a mortgage at 5% verses a credit card at 4%, with the tax write-off you may be better off paying down the credit card).
8. Q.: I am $xxxx in debt. Shall I file for bankrupcy?
A.: Post at creditnet.com , a specialized discussion site for people with credit problems. Also see the Overcoming debt FAQ.
9. Q.: I want to open a bank account. Which bank account is the best?
A. What is best depends on individual situations. If interest is important to you, see the FAQ The Mother of All Online Banking, Checking, Saving, and Money Market, Interest Rate Threads. If you are interested in account opening bonuses, see the Free money for bank accounts thread
10. Q.: Which credit card is the best?
A.: What is best depends on individual taste, whether you want CashBack, airline miles, o%, etc. See the Credit Card FAQ), read existing threads and pick whichever you like the best.
Also, cardoffers.com lists many more credit cards with promotional terms. You can compare and pick your favorite.
11. Q: I have a car buying / car selling / car warranty / car repair/ car financing question
A: Chances are the general topic has already been covered here.
For purchasing, read through The Father of all Car Shopping, Financing & Leasing threads
Posting information on current automotive financial deals of general applicability is relevant to this forum. Questions related to a specific deal or specific make/model, specific problem, etc. are better handled by posting in a discussion forum for your particular car. Many makes and models have their own discussion forums. You can get better responses from owners of the same model, rather than starting a new thread for each make and model of car in this forum.
12. Q: I a) Have a legal problem
b) am getting/about to get screwed by a business/individual
or c) thinking of entering an agreement for several thousand/hundred thousand dollars.
It will probably cost me a lot of money, but I do not want to invest in professional competent legal advice, so I am coming here for free advice from a bunch of strangers on the internet. By doing so, I will save hundreds in legal fees, even if it costs me thousands in the long run.
A. BAD IDEA. This is not a legal forum, and an internet forum is no substitute for professional advice from someone who can see the relevant documents in front of them. See the LEGAL FAQ in this forum for some tips on obtaining low cost legal advice. And if you are determined to get free internet armchair lawyering, there are forums such as freeadvice.com and lawguru.com better suited to such discussions.
TIPS ON SEARCHING
1. USE JUST A PORTION OF THE SEARCH WORD.
The FW search function offers more help if you just type the first few LETTERS of the word you want to search...for example, if you want to look for a thread on "online brokerages", dont type that whole thing into the search box. Type BROKER, so it will pick up threads with broker, brokers, brokerages, etc. in the title. You are much more likely to find the thread you want.
2. TRY MULTIPLE SEARCH WORDS
If you are looking for a thread on auto loans, try searching using the words AUTO, CAR, etc. If you are looking for home loans, try HOME, MORTGAGE, LOAN, etc. The search function is only as smart as the person using it.
3. IF SEARCHING USING THE LITTLE BOX DOESNT WORK, GO TO THE SEARCH PAGE
There is a separate search page which lets you perform more detailed searches. you can search active and old threads, threads started by a particular user, etc. I frequently use this function when I remember that a specific member posted some good info but I cant find the thread...
4. TRY SEARCHING THE NET BEFORE POSTING A QUESTION. Doing a Google search will often yield an answer quicker and more accurately than posting a topic on FW and waiting for a reply...often times, when someone posts a question, someone else just googles it and posts the results. Save yourself and others the wasted time and try Google FIRST.
5. READ THE FAQ TOPICS IN THIS FORUM. Many prior threads have been categorized into FAQ threads. Please read through them.
6. READ THE GUIDE TO POSTING
Following the simple tips in the Guide to Posting will help ensure that your post contains the information needed for others to best help you.
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