Fatwallet.com Finance Our Mission - Serve consumers with knowledge, value and guidance. http://www.fatwallet.comhttp://www.fatwallet.com/rss_tv.php?c=52FatWallet.comhttp://www.fatwallet.com <![CDATA[Storm water: Township dragging feet]]> http://www.fatwallet.com/forums/finance/1459059/ Rating: 0 Posted By: NYKnicksFan
Views: 122 Replies: 0

I bought property where there has been no drainage on entire street. Due to slope of the road, storm water during heavy rain floods property driveway as well as basement. I bought this to township attention and they seems to be dragging feet indicating that they are aware of the issue but that's way they had built roads originally. Not only my property but all neighbors have same issue. Neighbors have built bumps on driveway to prevent water from entering driveway and flooding their property.
Is there anything that can be done here? My position is that streetstorm water drainage is township responsibility. Can going through legal route help? What's the best way to have township fix the issue?
I will appreciate your feedback. Thank you


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http://www.fatwallet.com/forums/finance/1459059/ Thu, 03 Sep 2015 22:13:48 -0500
<![CDATA[can someone ach my account?]]> http://www.fatwallet.com/forums/finance/1459046/ Rating: 0 Posted By: coolmind
Views: 264 Replies: 4

can someone ach my account without my approval if i owe some money?


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http://www.fatwallet.com/forums/finance/1459046/ Thu, 03 Sep 2015 19:39:34 -0500
<![CDATA[The net cost of illegal immigration]]> http://www.fatwallet.com/forums/finance/1459019/ Rating: -5 Posted By: tedteddy
Views: 673 Replies: 29

http://finance.yahoo.com/news/immigrants-really-freeloaders-stud...

Yahoo finance had an interesting article about the true cost of illegal immigration. I am trying to figure out if Trump was correct. Does illegal immigration really cost enough where it would increase our taxes? Or is it just another drop in the bucket?


General Economics Deals

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http://www.fatwallet.com/forums/finance/1459019/ Thu, 03 Sep 2015 15:07:22 -0500
<![CDATA[Real estate - HOA question]]> http://www.fatwallet.com/forums/finance/1458991/ Rating: 0 Posted By: thetobster
Views: 543 Replies: 6

I bought an apartment to use as a rental property a couple months ago and since then I found out that the HOA fees went up as well as a bunch of building fees. Apparently the previous owner was aware that everything was going up before he sold it, but didn't disclose it and I am just finding out now. The increased charges were confirmed while the previous person owned it, but not actually put into effect until after my purchase had gone through.

I received building bylaws and whatnot but they all contained the old information. I had both an attorney as well as a real estate agent when making my purchase. I reached out to them but want to get FW finance's advice as well.

Has anyone ever dealt with something like this before? What sort of recourse do I have? Any recommendations as to what I should do?


Personal Finance Deals

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http://www.fatwallet.com/forums/finance/1458991/ Thu, 03 Sep 2015 11:43:53 -0500
<![CDATA[Oct. 1 - official debut in the US for chip-enabled credit cards]]> http://www.fatwallet.com/forums/finance/1458937/ Rating: 5 Posted By: NantucketSunrise
Views: 2063 Replies: 62

I am sure that this topichas been discussed plenty of timeshere in Fatwallet Finance, but I don't recall seeing anything specific about the October 1st date.

I haven't been paying much attention to this kind of thing, so I wasn't aware of it until I unexpectedly got a new chip-enabled card in the mailthis week.

==========================
Here's a CNN article that I ran across...

and a British article on the same topic from a Brit's point of view,
plushe explains how easy it is there to send money right away, electronically, for free,from one's personalchecking account to any other account, and it's a shame that we can't do that here.

=======================
"A big problem with your new credit cards"
Brian Dodge, CNN
http://www.cnn.com/2015/08/20/opinions/dodge-credit-cards-chip-and-pin/

"Many people may not be aware, but come October 1, everyone in the United States will be issued new credit and debit cards by their bank or credit union, equipped with a "chip," to replace their existing cards.

The new "chip" cards are different because they generate a unique transaction code every time the card is used and helps protect consumer data from hackers.

Combined with a PIN number, this new technology has proven extremely effective in reducing fraud in Canada and Europe. Victories against card fraud seem to follow chip-and-PIN cards around the world. Since the United Kingdom made the widespread transition in 2004, retail fraud has fallen by 67%. Closer to home, Canadian debit card users saw a 55% drop in fraud last year.

But so far, the United States remains the only member of the Group of 20 that relies primarily on outdated magnetic-stripe cards, which were created in the 1960s and have been identified as a source of most U.S. data breaches. While still functional, magnetic-stripe cards don't offer the same protection as the new cards will.

As retailers invest in new and more secure terminals at registers, so too must the card issuers step up in replacing the cards in people's wallet. Retailers nationwide have spent billions to replace old "swipe" machines with new chip credit card readers. But having the new cards is not enough. Banks are only issuing "chip and signature" cards in the United States, a less secure standard as signatures can easily be forged.

It has been reported by the Federal Reserve that including a PIN makes a transaction up to 700% more secure. Yet to date, banks are not issuing these cards to American customers. Banks and card networks have made conflicting statements as to why they are issuing more fraud-prone credit cards to their American customers. In a wall street journal article this week, for example, a senior executive at MasterCard said that many consumers find it difficult to remember a four-digit PIN number. Anecdotally, this argument seems hard to swallow given that millions of Americans regularly enter a four-digit code to use an ATM machine or to unlock their smartphone.

It is imperative to implement chip-and-PIN technology. Simply put, like water, fraud flows to the path of least resistance. For more than a decade, because of the outdated card here, the United States has been the path of least resistance for fraudsters. If card security remains weaker here than elsewhere around the world, then fraudsters will continue to focus on American business and consumers. American consumers agree that it's time for a change as the rest of the developed world has evolved in this technology. In a poll conducted in November 2014, during a year that saw numerous cyberattacks that compromised the security of huge companies, over 80% of American cardholders were supportive of chip-and-PIN technology. The numbers speak for themselves and that's why retailers are doing all they can to make sure consumers are protected when they shop. Now it is time for card issuers to step up to the plate and do the same by embracing chip-and-PIN technology."

=================
"Credit cards with chips are coming to the US, but I promise it'll be fine"
Oliver Burkeman, The Guardian
http://www.theguardian.com/commentisfree/oliver-burkeman-column/...

"To a European, the fact that chip-enabled credit cards make their official debut in the US next month might prompt a similar reaction to last weeks news that WalMart will stop selling assault rifles: wait, you mean this wasnt already the case? But it wasnt.

And, actually, cards with embedded microchips wont become ubiquitous here just yet. October 1 merely marks the liability shift, when retailers that continue to allow transactions using the old magnetic stripe will have to assume responsibility for any fraud that happens as a consequence.

And dont go getting excited for the full Euro-style chip and pin experience, either. For the time being, the new US system will be chip-and-signature: youll insert the card into the reader, chip-first, but then sign for your purchases by hand, rather than entering a number, as they do in Europe.

Depending on who you ask, this is either because of the costs of the technology or because banks are worried about pins being observed by criminals at the checkout. Or because, in the amusing words of one anonymous banking source, speaking to the fraud analyst Julie Conroy, we dont really think we can teach Americans to do two things at once.

The move to chips even without pins has taken so long, in essence, because it was cheaper just to pay for the fraud to which magnetic strips are prone. But then came the huge Target data breach of late 2013, in which details of at least 70m cards were stolen.

The US is starting to feel the disadvantage of being the last market in the G20 to rely on magnetic cards: once theres only one big country left where its easy to commit card fraud, thats naturally the country to which fraudsters will gravitate.

And this is only one of several ways in which the American consumer finance system strikes transatlantic visitors, or transplants like me, as bafflingly old-fashioned like accidentally finding yourself in the pages of a nostalgic, sepia-toned coffee-table book entitled Money Memories Of Yesteryear.

I was astonished when I first learned what happens when I want to send cash to a private individual a landlord, a friend, the local protection racketeer via online banking, but without an expensive fee. In the UK, this takes a minute or so to set up, and two or three hours for the transfer to happen, thanks to the Faster Payments Service.

In the US, I must first log onto my account at a well-known bank (a bank which, incidentally, didnt seem to have any trouble with cutting-edge technology when it came to the complex financial instruments that contributed to the 2008 financial meltdown). Then, I specify the payee. Then the bank generates a physical check a check, made of paper, from trees, that grow in the ground! which it dispatches by mail to the recipient, who can then take it to his or her bank to deposit it. I dont know what happens after the check is deposited, but I imagine it involves a Cockney scamp in a flat cap, running with a message from one bank to the other, whereupon a whey-faced Bartleby-the-Scrivener type walks over to a cupboard, extracts a heavy key bearing my name, and stalks off to the cellar to unlock the box containing my savings.
(The fact that this absurd check-mailing system persists into 2015 is partly the legacy of ancient software, which is a problem in different ways in the UK. But could it also have something to do with the several lost days that my bank retains access to my money, after Ive surrendered it and before its been received?)

Americans, for their part, are sometimes astonished when using a magnetic card in Europe provided they can find a retailer willing to accept one in the first place to watch the clerk scrutinize the card alongside the transaction slip, to check that the signatures match. Whereas its a commonly accepted fact, in American stores, that you can sign in the names of characters from True Detective, or Peppa Pig, without anyone raising an eyebrow, or even looking at what youve written. Indeed, evidence suggests you can even write Crotchy Crotchington or Im a criminal and nobody will care, though you may run into trouble if, like this prankster, you draw cartoon genitals instead.

But the times are changing and Im here, as a condescending British expat, to assure you, America, that its all going to be OK. Theres no need to be scared. By the end of the year, its estimated, around 50% of US cards in circulation will have chips. Soon enough, itll be all of them. And then, eventually, the conversion to chip-and-pin will come doubtless just in time to be rendered obsolete by the latest version of Apple Pay, or Bitcoin-enabled contact lenses that enable you to purchase things by staring at them meaningfully.

One day one shining, glorious day it might even be possible to transfer $40 from one bank to another bank in less than a week. Dare I let myself dream? I f anyone reading this works at a US bank and knows when such a time might come, please hasten to see your companys head of carrier-pigeon messaging, and let me have the answer before the year is out."


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http://www.fatwallet.com/forums/finance/1458937/ Thu, 03 Sep 2015 01:20:43 -0500
<![CDATA[Some charities hire "legacy prediction" firms to secretly investigate donors' wealth & wills, assigning a wealth score]]> http://www.fatwallet.com/forums/finance/1458927/ Rating: 0 Posted By: NantucketSunrise
Views: 839 Replies: 11

This is a current news story in the UK about a UK-based charity, but I expect the same kind of thing goes onwith US charities.

====================
Obviously, organizations everywhere do market segmentation and customer predictions.

I think about 5 years ago we talked here in Fatwallet Finance about university alumni organizations who do this kind of income/wealth detective work on graduates.

So it's not a new phenomenon.

But seeing this news article tonight inspired meto bringthe topicup here,
to raiseawareness about this aspect of our privacy/security,
which some of us may not even realize is being closely tracked, given a rating,then SOLD on to other firms.
===================

"Revealed: How the RSPCA [Royal Society for the Protection of Children and Animals] snoops on the WILLS of donors so it can treat them as 'walking wallets'

-RSPCA pays investigators to assess how much donors might leave in wills
-Charity does not tell supporters that data is being used for a wealth rating
-Campaigners accused charities of treating its benefactors as commodities
-Emerged in Mail probe into how charities traded data of Samuel Rae, 87

...Yesterday the Mail revealed that the personal details of Mr Rae, a former Army colonel, were traded up to 200 times by charities he trusted.

The RSPCA first obtained his information when he took out pet insurance in 2005.

Two years later it began sending his and other donors data to a firm [called Prospecting for Gold] specialising in legacy prediction.

The companys job was to work out how much Mr Rae, from Cornwall, was worth and how much he might leave to the RSPCA.

The charity passed on information about Mr Rae at least four times for prediction purposes.

The data was also used to establish a score estimating his wealth and donor potential.

At no point is he thought to have been told this was going on, let alone asked for his consent.

...The Prospecting for Gold website advertises itself as a service for charities that can uncover hidden wealth among your supporters.

...Money left in wills is an increasingly important source of finance for charities. It pays for half the work of the RSPCA.

.
...Charities risk becoming a dirty word if they continue to abuse personal data, the [UK Government's] Information Commissioner warned yesterday."

.
http://www.dailymail.co.uk/news/article-3218987/How-RSPCA-snoops-wills-donors-claimed-seen-walking-wallets-charities.html


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http://www.fatwallet.com/forums/finance/1458927/ Wed, 02 Sep 2015 22:57:23 -0500
<![CDATA[Slipping someone a bill. When it works, when it doesn't. Story time!]]> http://www.fatwallet.com/forums/finance/1458901/ Rating: 39 Posted By: CowbellMaster
Views: 4785 Replies: 53

I read a few posts referencing slipping a car inspector a $100 bill (or three) to overlook damage to a lease-return. Got me thinking, I have many times considered it but usually chicken out for fear of getting embarrassed/arrested.

If you've attempted, and either won out or lost out, share your story.

Here's my most recent one:

I booked a 5* hotel via Priceline in Vegas, and got the Cosmopolitan. I didn't want to stay in the bottom-tier rooms reserved for us PL users as it was my anniversary so I asked for an upgrade. Was told there were no rooms available, sorry. It's Vegas and I thought 'what the hell' so I showed a $50 bill under my hand and asked "are you sure?" He glanced at my hand, back to his computer, and said "actually we do have something..." I shook his hand and went upstairs to a crazy suite w/a view of the fountains.


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http://www.fatwallet.com/forums/finance/1458901/ Wed, 02 Sep 2015 16:05:29 -0500
<![CDATA[Best airline credit cards?]]> http://www.fatwallet.com/forums/finance/1458893/ Rating: -1 Posted By: himynameisDio
Views: 921 Replies: 8

It seems BOA has a nice travel cc, and so does AA.

I will be flying within California twice a month, are there any good deals out there? Should I be choosing Southwest? What airline cc will stack up the fastest for airline points?


Credit Deals

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http://www.fatwallet.com/forums/finance/1458893/ Wed, 02 Sep 2015 14:05:02 -0500
<![CDATA[how to find Delta flight number and history from 2014?]]> http://www.fatwallet.com/forums/finance/1458879/ Rating: 0 Posted By: cathy404593
Views: 1043 Replies: 24

What is an easy way to find out the flight number and scheduled times for Delta flights that took place in the past?
I need this information for work reimbursement purposes. I should have kept my receipt and email confirmation but I didn't.

This is for a trip I took December 2014. I know the approximate time but need to know the exact time they were scheduled to depart that morning, and the flight number.

Is there a way to look up the Delta flight number and exact time for a particular day?


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http://www.fatwallet.com/forums/finance/1458879/ Wed, 02 Sep 2015 13:15:06 -0500
<![CDATA[Student Loan refinance - What do you recommend?]]> http://www.fatwallet.com/forums/finance/1458878/ Rating: 0 Posted By: SalesOnlyShopper
Views: 672 Replies: 5

For an outstanding student loan of $65,000 - What do you recommend?
Fixed rate of about 5% or variable rate of 3.x?


Personal Finance Deals

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http://www.fatwallet.com/forums/finance/1458878/ Wed, 02 Sep 2015 13:01:21 -0500
<![CDATA[Unauthorized Activity/Purchase/Contract renewal On Sprint Account]]> http://www.fatwallet.com/forums/finance/1458861/ Rating: 3 Posted By: Mr0ffic3r
Views: 1462 Replies: 32

Background: I have 4 lines on my Sprint account. Since I make more than anyone in my immediate family, Im a nice dude, and my employer gives me a 27% discount on my monthly Sprint bill. I advised my S.O., Mom, and brother that I will pay for their phones - Merry Christmas dont have to buy nice presents now. Unlimited everything on all 4 lines runs me less than $200 a month (and I get my moneys worth since I use 60-70gb data a month) which I as account owner I pay. I have been a customer for 11 years now, never had any issues, we get new phones every 2 years for pretty much free when contract is renewed.

My brother goes to a Sprint store, without my permission, and leases a new top of the line phone (about $35 extra a month with insurance, and we have to turn phone in when done LOL) - I only found out about his because I got a text alert after the fact. By the time I was able to call him, it was too late and phone was activated. My brother was NOT an authorized user on the account and in my opinion this should have never even gone through. I know he did not have my PW to login to my account although I have changed them and the security questions since this event took place.

Here is what I believe happened. My brother goes to store, answers 1 simple security question (whats your first pet or something) and then has full access to my account, at which point the rep added him as an Authorized Party and then made the purchase/lease.

I called/txted him constantly to immediately return the phone, got the run around, do it tomorrow, busy, car broke, etc., and it was never returned before the 14 days were up in the return period. Called Sprint Customer Service, gave me the run around and told me to call the store. Called store, nothing they can do, brother has to bring back phone. Drove 2 hours (we dont live in the same city) and visited the store and was like WTF how did this happen, they say nothing they can do since he was authorized (No, you made him authorized, idiots, not me) They didnt even check my ID until the manager came out. All they asked is a stupid security question that gave full access to the account how can this even be? Such a huge security gap. Can you imagine going to a bank and getting access to your friends bank account because you know the street they grew up on or their best friend? Seriously WTF is this?

Anyways I finally found him and have possession of the phone. I dont want to this phone I want it off my account, I never bought this nor signed this contract. Sprint wont take it back because today is day 16. Do I have any options and/or what else would you guys do?

Optimal for me would be to return phone, cancel his line without any early termination fees for this MAJOR inconvenience.


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http://www.fatwallet.com/forums/finance/1458861/ Wed, 02 Sep 2015 09:29:26 -0500
<![CDATA[What stops banks from just pulling money out of thin air?]]> http://www.fatwallet.com/forums/finance/1458812/ Rating: 4 Posted By: mxmaniac
Views: 2871 Replies: 48

I know that technically banks do manufacture money out of nothing, since they can loan out and charge interest on way more money than they actually have, since they only have about a 10% reserve requirement. So lets put that particular technique aside for the moment for the sake of this question.

Nowadays there is hardly any physical currency anymore, its all just digital transactions, aka credits, aka lots of digital 1's and 0's being virtually transferred around. What exactly stops a bank from simply digitally manipulating their balance books and adding more virtual money?


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http://www.fatwallet.com/forums/finance/1458812/ Tue, 01 Sep 2015 22:09:31 -0500
<![CDATA[Upromise GoalSaver]]> http://www.fatwallet.com/forums/finance/1458794/ Rating: 0 Posted By: DrXX
Views: 924 Replies: 2

For those who still play the Upromise game, they announced Upromise GoalSaver:
https://www.upromisegoalsaver.com/

It looks pretty much exactly the same as the HY saving account at Sallie Mae I have previously linked to my Upromise account. The only difference seems to be an extra bonus ($10/year and $100 after 3 years)..

Am I missing something or it's a no brainer to switch to the new game?


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http://www.fatwallet.com/forums/finance/1458794/ Tue, 01 Sep 2015 18:31:50 -0500
<![CDATA[Mortgage Company refuses payment on loan & hung up on me]]> http://www.fatwallet.com/forums/finance/1458788/ Rating: 3 Posted By: JDeClue1
Views: 4003 Replies: 49

Posting for a friend (for real)

"Lived in a rental and autopay'd my mortgage for my house that I own 50 miles away via billpay for over a year. Asked tenants to leave and made that property my primary residence. The original mortgage company continued to send mail to my previous address (where I had an address change in with the USPS) and then transferred my mortgage to another company and forwarded my autopayments for 3 months to the new mortgage company and then ceased to do so, while continuing to accept my auto payment every month for 5 months (total of 8 months, 3 months forwarded, 5 months did not). Found out early August that my property was in early stages of foreclosure and contacted my first mortgage company, they audited their records and found 5k in overpayments, which they promptly sent back. I then forwarded this money to the new mortgage company, 4 days later they refunded the payment and told me that they would only accept payment in the form of western union or certified mail and that I had to pay 5 months of late fees. I do not want to pay the late fees or pay them in a way that is different than how I would usually pay my mortgage because I feel that this situation was handled horribly by both mortgage companies. They refused payment in any manner other than western union or certified mail and have said they would "submit a request to remove the late fees" which could or could not mean they are waiving the fees and then promptly hung up on me."

How does my friend resolve this matter? He's super upset over the situation and feels like he's being taken advantage of by getting the run around by several of their customer service representatives.

***Property is in California***


Personal Finance Deals

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http://www.fatwallet.com/forums/finance/1458788/ Tue, 01 Sep 2015 17:35:43 -0500
<![CDATA[Any bank or credit union allows existing customer open new account by credit card funding?]]> http://www.fatwallet.com/forums/finance/1458786/ Rating: -1 Posted By: ussrfw
Views: 945 Replies: 3

I need to meet my CapitalOne Spark Business Card $4500 spending requirement by the end of this month.
But I just move to a new state.
I applied several new bank accounts recently, but was rejected due to the address issue.

Any bank or credit union allows existing customer open new account by credit card funding?
I have several reward checking accounts from different banks and credit unions.

Thanks.


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http://www.fatwallet.com/forums/finance/1458786/ Tue, 01 Sep 2015 17:07:42 -0500
<![CDATA[Any ideas on home warranty service?]]> http://www.fatwallet.com/forums/finance/1458758/ Rating: 0 Posted By: fleetwoodmac
Views: 1001 Replies: 7

I bought the house last year and the owner paid for Home warranty service for the remaining of the year. I did not extend it and never had a problem since January 1 2015

I have never used home warranty service but from the website I am seeing a combo plan which includes plumbing for $56/month and $75 service fee. I do not see any deductible.

I have 2 works to be done. One is a plumbing work which I found a local guy for and he wants $280

The other one is a small roof leak but I don't think it will take more than 30 minutes to fix so say it is 150 dollars for a local guy to do.

In my mind, it makes more financial sense to go with home warranty service. Somehow people on the internet forums hate home warranty services.

P.S: I have no home insurance and no mortgage.


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http://www.fatwallet.com/forums/finance/1458758/ Tue, 01 Sep 2015 14:29:07 -0500
<![CDATA[Thin Credit notification on CreditKarma, with 20 years credit history]]> http://www.fatwallet.com/forums/finance/1458732/ Rating: 0 Posted By: renaud
Views: 954 Replies: 1

Iwent to check my Credit Karma score today and it reported that I have a "Thin Credit File" with Transunion so they can't give me a score.I have about a 20 year credit history (mortgages, car loans, dozen CC's, etc.) and have been at 800+ score for several years, so I assume its a glitch in the system. I tried to get my wife's score and got the same result. Anybody else have this happen?

I've been approved for 3 new CC's in the past month (signup bonuses) so I know my actual report isn't locked up.


Personal Finance Deals

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http://www.fatwallet.com/forums/finance/1458732/ Tue, 01 Sep 2015 10:50:42 -0500
<![CDATA[Homeownership surprises: Railroads]]> http://www.fatwallet.com/forums/finance/1458726/ Rating: 0 Posted By: javaman2003
Views: 1199 Replies: 2

BNSF fun


BNSF claims the land the houses and garages are built on are theirs.


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http://www.fatwallet.com/forums/finance/1458726/ Tue, 01 Sep 2015 09:38:45 -0500
<![CDATA[What to do with a house in the middle of no where? ]]> http://www.fatwallet.com/forums/finance/1458717/ Rating: 2 Posted By: ImperialMatt
Views: 2440 Replies: 37

There is a house in the middle of no where that is a one story 1700 sq ft modular home. If anyone is to live in it again, it will need some minor renovation to remove years of cigarette smoke; otherwise, the house is in excellent shape with modern appliances, cleared lot, and high-end septic system and pump house.

The home is located about 45 miles (a little under an hour of driving) from the beach. The area is very rural, being surrounded by farmland. There are a few houses on the street with about a 1/4 of a mile or more between neighbors. There is a tiny town nearby (about 8-10) miles that has a small grocery store, a general store, and two mom and pop restaurants. There are larger towns about 30 minutes drive away.

I may (and there is a very interesting and tragic story in that word) be in possession of this home very soon. I have no real, practical use for this huge home.

I have started to look at options.

  • If I move the house somewhere, which can be done, it will take about $25k-$50k to move and erect it on a new foundation, though getting a solid number has not been easy to find. If I do so, I will spend probably another $2k-$3k to get it renovated and situated on a city lot with city water.
  • I could sell the house, but a buyer maybe hard to near impossible to get.
  • I thought of swapping it for some other house somewhere more desirable to me, like a metro area, beach, or mountains
  • I could rent the house where it is, but I don't live close to personally deal with all that, and I'm unsure who or what tenants I might get out in the area
  • Your ideas?


This community has always impressed me with it's candor and creativity, and I would love to hear some good ideas.

It's in NC.


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http://www.fatwallet.com/forums/finance/1458717/ Tue, 01 Sep 2015 08:58:20 -0500
<![CDATA[My FICO score shown on Amex has taken a big dive]]> http://www.fatwallet.com/forums/finance/1458694/ Rating: 0 Posted By: fh8510
Views: 1384 Replies: 7

My FICO score shown on the Amex website has dropped from 790 to 762 in a month. I did open two new credit cards recently. Not sure whether the hard pulls caused such a big drop. The FICO score reported on Barclay is 823 and on Citi is 827, and they moved up and down just a little over time. Not sure what's going on with Amex.


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http://www.fatwallet.com/forums/finance/1458694/ Tue, 01 Sep 2015 04:51:52 -0500
<![CDATA[Article detailing some aspects of an individual's online activity that can be investigated and collated]]> http://www.fatwallet.com/forums/finance/1458680/ Rating: 10 Posted By: NantucketSunrise
Views: 3299 Replies: 55

Along the same lines as the previous Fatwallet threads on privacy/securitythat I hyperlinked to at the bottom ofthe following post a couple of months ago:
http://www.fatwallet.com/forums/finance/1444573/m19081509/#m19081509,

I thought that the followingarticle was interesting, for the sake of general knowledge, and also, I guess, in case one ever might need to bring a lawsuit against/do a detailedinvestigation into someonewhose internet activities wouldbe relevant to the case:

"items that law enforcement should ask for with the appropriate subpoena or search warrant, enough to create a detailed [online activity] profile of [the person they are investigating]"
https://medium.com/@nweaver/metadata-and-madison-e379bbe25d5a

I came across that article when it was mentioned by Brian Krebs here: http://krebsonsecurity.com/2015/08/who-hacked-ashley-madison/

====
One snippet from the article -- this isn't news, but some people may not realize it:
"The Like button and related elements dont just track a person when they click like,
they also record the pageview even if the user does nothing.
Thus a request for the IP address, time, browser user-agent, and referrer of every view of the Like or Tweet This button for[an individual]will reconstruct a huge amount of his browsing history."

Same thing with "...either DoubleClick advertisements or Googles +1 button."


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http://www.fatwallet.com/forums/finance/1458680/ Mon, 31 Aug 2015 23:54:49 -0500
<![CDATA[2016 Proposal to Modify IRS 1031 Like Kind Exchange Rules]]> http://www.fatwallet.com/forums/finance/1458673/ Rating: 2 Posted By: bighitter
Views: 1807 Replies: 7

FYI for those FWer's who might be considering a Section 1031 exchange, This site discusses proposed legislative modifications for 2016here

It is impossible to predict at this point which legislative modifications will actually be implemented in 2016 but those contemplating an exchange might want to plan accordingly.


Tax Deals

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http://www.fatwallet.com/forums/finance/1458673/ Mon, 31 Aug 2015 22:16:03 -0500
<![CDATA[How honest do you need to be when asked about current or past compensation?]]> http://www.fatwallet.com/forums/finance/1458660/ Rating: 0 Posted By: rza1
Views: 2878 Replies: 77

During phone interviews, I get the compensation question from time to time and I sometimes just give them the answer. Majority of the interviewers seem to want a specific number or range rather than a non-specific/scripted answer that dodges the question. I am underpaid at the moment but gave the honest answer about what I make because I thought about the background checks. I didn't want to inflate the answer like some people recommend because I have to fill out an official job application which is used for the background check. Should you always inflate or dodge this question? If you feel that you're overpaid, should you give them the number?


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http://www.fatwallet.com/forums/finance/1458660/ Mon, 31 Aug 2015 18:19:35 -0500
<![CDATA[Has anyone used Flyer-Miles.com?]]> http://www.fatwallet.com/forums/finance/1458647/ Rating: 0 Posted By: whitequeen96
Views: 1200 Replies: 2

I did a search but only found one reference. (I keep getting "flyer miles" which is popular subject!) Tim at Flyer-Miles.com is offering me a better deal than flighthunter or rewards2cash, but I'm nervous unless I hear from people here.


Discussion Deals

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http://www.fatwallet.com/forums/finance/1458647/ Mon, 31 Aug 2015 15:21:02 -0500
<![CDATA[Owe my broker money]]> http://www.fatwallet.com/forums/finance/1458625/ Rating: -22 Posted By: dynochino60
Views: 2510 Replies: 39

I owe my broker $13,000, I won't go into details but now they have sent it to collections. I will not pay them and can't afford to. My question is that if I take out a loan for $25,000 and use it in a different brokerage account with a different firm, can my old brokerage company take the funds out of my new account with the new firm? Or will they need a legal judgement against me first?


Personal Finance Deals

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http://www.fatwallet.com/forums/finance/1458625/ Mon, 31 Aug 2015 11:43:18 -0500
<![CDATA[Cant get annual credit report via Online?]]> http://www.fatwallet.com/forums/finance/1458619/ Rating: 1 Posted By: yurgreat
Views: 1726 Replies: 11

haven't gotten a free credit report in years. my fico score recently dropped a little w/no change to my spending habits so I decided to get one.

went to annualcreditreport.com and selected Experian.
got forwarded to Experian's site but gave me this:

"We were unable to honor your request.
~~To receive your personal credit report by mail, please mail us this letter (or the information in it), along with one copy of a government issued identification card, such as a drivers license, state ID card, etc., and one copy of a utility bill, bank or insurance statement, etc."

I got to mail in a request?
anyone else not able to get an online copy of their credit report?


Personal Finance Deals

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http://www.fatwallet.com/forums/finance/1458619/ Mon, 31 Aug 2015 10:42:47 -0500
<![CDATA[Consumer Reports: Driving record doesn't always determine insurance rates]]> http://www.fatwallet.com/forums/finance/1458617/ Rating: 8 Posted By: eddierd
Views: 3519 Replies: 60

Car insurance commercials tout low rates but dont tell you just how the companies set those rates. Consumer Reports two-year investigation found that many major insurance companies base prices in part on a hidden credit score that can take into account things like what type of credit card you have or whether youve applied for credit recently.That car insurance credit score is different from your FICO score, and how it figures into your premiums varies depending on the insurer and your state. Companies use it to predict not whether youll be a good driver but whether youll file a claim.Consumer Reports compared rates for hypothetical drivers who are single with clean
driving records. In Florida, the average annual premium for those with an excellent car insurance credit score is about $1,400. With just a good score, it is more than $1,700, and with a poor score, more than $3,800. Thats a much higher premium than for those with an excellent score and a drunk-driving conviction.

Whole article:http://www.ky3.com/news/local/consumer-reports-driving-record-do...


Discussion Deals

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http://www.fatwallet.com/forums/finance/1458617/ Mon, 31 Aug 2015 10:21:45 -0500
<![CDATA[Bought house with an inoperable above-ground spa. Advice?]]> http://www.fatwallet.com/forums/finance/1458562/ Rating: 0 Posted By: calisoldier83
Views: 2345 Replies: 27

Hey guys,

I recently bought a house with a SPA, everything appears to be from the original install in 1976. The SPA was listed as inoperable but the seller actually got it working. Problem is the SPA itself is a mess, old rust particles were spit out from the pipes and started causing oxidation. It needs a new light/gasket that I wouldn't know where to get a replacement. The tile around the SPA shows signs of mold. The heater, which I got working, probably won't last very long. The SPA itself is built above ground and is surrounded by a wooden deck. I was excited to use it originally, given I have back problems, but have since started to think it's a problem that I don't want to deal with. Especially since parts/repairs will start adding up, and might be scarce given the age of the equipment. In the meantime, I went ahead and drained it.

My options are either demo the entire SPA/deck and recover space for kids to run around, replace the SPA (not sure how this works with the custom deck, might have to demo it anyways), pull SPA from deck and make it a bbq area, or leave as-is. I was curious what others have done in similar situations. I'm not sure what the deck really offers, outside of accessible SPA plumbing, but I think it's so outdated that new SPAs probably don't require so much piping as they once did.


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http://www.fatwallet.com/forums/finance/1458562/ Sun, 30 Aug 2015 20:51:55 -0500
<![CDATA[Illegal sewer hook-up]]> http://www.fatwallet.com/forums/finance/1458559/ Rating: 5 Posted By: panamasinclair
Views: 2677 Replies: 24

We recently purchased a rental property, which, according to the seller's disclosure statement, is on a septic system in good working order. Last week, we received a notice from the County informing us that they discovered an illegal sewer connection and they have given us 90 days to pay the connection fees or they will disconnect our building. The seller was the original owner and a licensed plumber; it's unlikely that he didn't know about the illegal connection.

When we explained our situation to the County, they advised us to make a claim on our title insurance policy. Would there be coverage for this sort of thing? The County doesn't have a lien recorded on title because they didn't know about the illegal connection, until now.

I'm fairly certain that we would have a good legal claim against the seller for fraud, but I'd prefer not to go this route if we have a choice. Making an insurance claim would be quicker and easier, if coverage is available. Does anyone know if our title insurance would cover this?


Personal Finance Deals

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http://www.fatwallet.com/forums/finance/1458559/ Sun, 30 Aug 2015 19:56:52 -0500
<![CDATA[Advice / tips needed for my financial situation]]> http://www.fatwallet.com/forums/finance/1458538/ Rating: 5 Posted By: pat3910
Views: 2460 Replies: 23

Hi. I am a long time reader and would like to as FW users for any tips and advice they have for my financial situation.

I am 24 yrs old. Married. Currently live in NY state with parents who do not require me to pay rent.

I have approx $99,000 left in student loans, down from about $127,000 when I started paying them a couple years ago. The reason they are so high is my parents could afford to help me pay for college so I funded the entire expense with loans (room and board, food, tuition, living expenses).

Last year I made $17,000, as I worked for several months at an unpaid internship and then doing manual labor jobs the rest of the year.

At the beginning of this year, I landed a job in a good industry for $40k salary. It hasn't been a year yet and I just got a raise to $55k, with the promise of another raise to $60k in several months if I keep up the good work. I have health insurance under my parents for about another year. My wife does not but can get it at work for about $60-70 a week. My job offers a 401k (I forget the terms and if they provide a match) but is this something I should start taking advantage of or worry about paying off my debt and saving up some money first?

My wife makes ~$20k a year, but recently moved to this country (through the long and difficult legal process) so she is just starting out. She has some college mostly art coursework. We were thinking of having her do an online program to get a degree to do some kind of graphic or web design or combination of the two so she can eventually land a better job that pays more as well. This would require getting a new computer (1-2k) as I am currently typing this on a 8 year old mac.

My credit score is a few points below 800. I always pay on time and keep my balances low. I use different cards to maximize my CashBack. I keep 3 of my oldest cards (all no annual fee) and occasionally do the whole churning thing when when there is a great signup bonus deal.

My expenses are as follows: $1300/month student loan payments (this is the minimum payments), $450/month for groceries (we rarely ever eat out), $100/month cell phone bill, $100/month car insurance, $300/month gas, $200/month miscellaneous.

My job is 40 miles away from my house. My wife's current job is about 5 miles from home. My car is getting older by the day (160k miles and counting, and its paid off so no payments) but is in pretty good mechanical condition. However, it has required quite a bit of repairs recently, mostly scheduled maintenance such as timing belt/water pump, new tires, and some front end work (tie rod ends, ball joints, etc). I'm thinking about whether I should ride it out since I just put a lot of money into it and I'm hoping it will not need any repairs for a good amount of time, or look into selling it and using the proceeds for a down-payment on a lease. My wife just go a new used car (paid cash in full) with less than 100k miles and a 3 year warranty that covers most major components.

Before I got my recent raise, we were just making it. I wouldn't say we were struggling, but after paying bills we barely had anything left over. We barely spend any money on things that are not necessities. We do not go out for drinks, food, do not spend money on new clothes or anything. We managed to save up a few hundred at a time and currently have about $3,000 in the bank. Now that I got my raise we should have approx an extra $1,000 a month, and if I get bumped up to 60K that number should be a little more in a few months.

What is the best way to put this extra $1,000 to use? I was thinking of putting it all in the bank to start and get at least a $10,000 safety net built. Then I was thinking of putting it all towards my loans until I can knock them down to a reasonable amount, starting with the highest interest rate first. I might also get a little bit of help from my parents in the near future as far as the student loans go, but I'm not asking for it or counting on that in any way. After I get the loans knocked down to a reasonable amount (maybe 50k?), then I was thinking maybe I should go back to paying the minimum payments as the monthly minimums should be much less than they are now and start saving up for a down payment on my first house.

I feel much better now that I am making more money, it will definitely be less stressful. Also I work hard and expect to be making more money a year or two from now. Any tips or suggestions for my situation would be appreciated. Thanks!


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http://www.fatwallet.com/forums/finance/1458538/ Sun, 30 Aug 2015 08:57:44 -0500
<![CDATA[Wifi Thermostats-Money Savers or Overpriced Gimmicks?]]> http://www.fatwallet.com/forums/finance/1458508/ Rating: 7 Posted By: berlinsmommy
Views: 5583 Replies: 96

I am wondering about the frugal FW Finance members' take on wifi thermostats. I cannot seem to find any hard data to indicate a real savings over a run-of-the-mill programmable thermostat. It seems like all of the calculators are way too simple or they compare the wifi thermostat with someone who turns the thermostat to 72 degrees and leaves it there year round. Here are a few examples:

Nest Savings Calculator
Honeywell Savings Calculator

The Nest only asks an approximation of my square footage, my zip code, and whether my home has AC. The Honeywell calculator appears to actually be for a regular programmable thermostat as compared to a regular thermostat that cannot be programmed. We are already a frugal family who is aware of our settings, who reprograms the thermostat before going on vacation, and who often turns off the heat or AC and opens the windows. Also, our home isn't very big (~1800 SF).

I'm tempted because our local gas company offers a $100 rebate and with a 10% coupon at Home Depot either the Nest or the Ecobee would costs us $125+tax. While I'm sure owning one would be nice since we can check it on our smartphones, I'm wondering if I would actually see much in the way of savings to justify the cost.

So, has anyone else actually purchased one of these? Is it just a fun, cool gadget or are you seeing any real savings? TIA




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http://www.fatwallet.com/forums/finance/1458508/ Sun, 30 Aug 2015 00:14:18 -0500
<![CDATA[Coverdell ESA Contribution question]]> http://www.fatwallet.com/forums/finance/1458500/ Rating: 2 Posted By: jarfykk
Views: 1872 Replies: 8

I'm looking to open a Coverdell Education Savings Account (ESA) for my child. However, we will be right around, and likely soon exceed, the MAGI limit for contributions.

I've seem similar information at the below link that indicates the below info on having my child make the contribution using funds I gift them. However, I'm uncertain how to do this. Let's say I open the ESA with Charles Schwab. Do I just write a check for $2k and put on the memo "From Child's Name"? Is there a way to document I gifted my child the funds and then they put it in the ESA?
Not trying to overthink but unfamiliar with how to ensure things done correctly. Thanks for the help.

http://www.savingforcollege.com/intro_to_esas/index.php?esa_faq_...
Our income is above the allowable limit. Can our child make the contribution?Yes, there is no problem with having your child, who has income below the allowable limit, make the ESA contribution. You can simply gift the money to the child first. There is no requirement that the contributor have earned income as there is for traditional and Roth IRAs.


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http://www.fatwallet.com/forums/finance/1458500/ Sat, 29 Aug 2015 20:05:38 -0500
<![CDATA[401K Match - how to maximize]]> http://www.fatwallet.com/forums/finance/1458499/ Rating: 0 Posted By: GrooteM
Views: 1515 Replies: 1

I have been a long term lurker but this is my first post - so please be easy on me
I changed jobs this year from A to B (not planned at all) - both companies have 401K with matching.
I want to maximize the company match that I got at both places (its substantial). I have already contributed about $15K (with a match of about $7.5K) at A. To maximize the match at B, I would have to contribute another $9K (with a match of about $4.5K).
The issue that I will get into is that across both my employers, I would be putting 24K into my 401K, which is above the 18K limit for 2015. If I ask for 6K contribution correction through any one of my companies (before April 15 2016), I could get that - however, both of them would also reverse the corresponding 3K match. If I do not do anything, I need to pay Uncle Sam twice on that 6K - once for 2015 and once when I withdraw.
Is there a way of keeping both the matches and not pay double tax ? I was thinking of taking a distribution from my old plan (A) by Nov end or so, which would mean they will withhold 20% federal and state taxes from the gross amount. Calculate after Dec 31 what the corrective withdrawal amount is (should be about $6K). Top up from personal funds to the gross amount minus the corrective distribution amount and rollover to 401K of B. And then claim the federal and state taxes held on the 2015 return - however, I am not sure whether or not I would still be assessed the 10% penalty for early withdrawal.
Or maybe there is something simpler that I am missing and folks at FW can point it out.
Thanks
Michael


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http://www.fatwallet.com/forums/finance/1458499/ Sat, 29 Aug 2015 18:44:12 -0500
<![CDATA[Private party car sale, handled at a dealership]]> http://www.fatwallet.com/forums/finance/1458471/ Rating: 0 Posted By: crufty
Views: 2790 Replies: 52

I am selling my car and have it advertised on several websites. Model not important, but I am asking $27k which puts it out of cash reach for lots of people.

I have an interested buyer who wants to meet me at a dealership. He needs to sell his truck and finance my car and claims the dealership will handle the transaction and arrange his financing. I have no interest in purchasing a different vehicle and don't want to be be out of pocket due to this arrangement.

Has anyone experience doing this? Any pointers and things I should look out for? I may be meeting him at the dealership in the next few days and don't want to be blindsided by any shenanigans. As long as I get my cash securely, I will be happy.

Thanks!


Personal Finance Deals

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http://www.fatwallet.com/forums/finance/1458471/ Sat, 29 Aug 2015 11:48:29 -0500
<![CDATA[PAYE workaround - Is this possible?]]> http://www.fatwallet.com/forums/finance/1458465/ Rating: 0 Posted By: CleanSanchez
Views: 1422 Replies: 2

I'm trying to figure out if PAYE or IBR would be better in my specific situation. I'm not entirely sure if I am even PAYE eligible.

I have undergrad loans from 2004-2006, however they are something I can pay off. Fast forward, I have over 300K for gradschool from 2009-2014.Now, I am aware that if I consolidate all of them into one big loan, i cannot do PAYE.HOWEVER, if I pay my 2004-2006 loans in full, and then consolidate my med school 300K loans, it is my understanding that I should be eligible (Right???)Per regulation below, I will **NOT** have any balance, when I consolidate now after October 2011 AFTER paying prior debt.Can someone please clarify if I can do PAYE?===================================================" Here is full passage from the regulations (34 CFR Parts 674, 682, and 685)iii) Eligible new borrower means anindividual who(A) Has no outstanding balance on aDirect Loan Program Loan or a FFELProgram loan as of October 1, 2007, orwho has no outstanding balance on sucha loan on the date he or she receives anew loan after October 1, 2007; and(B)(1) Receives a disbursement of aDirect Subsidized Loan, DirectUnsubsidized Loan, or student DirectPLUS Loan on or after October 1, 2011;


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http://www.fatwallet.com/forums/finance/1458465/ Sat, 29 Aug 2015 10:36:46 -0500
<![CDATA[Advice Needed: Speeding Ticket]]> http://www.fatwallet.com/forums/finance/1458438/ Rating: 0 Posted By: mmyk72
Views: 2294 Replies: 34

Hi guys, Was driving thru Louisiana this afternoon on 165 (a 2 lane hwy) where the road has a 65 limit with intermittent 50 limits. I was cited for going 64 in a 50 mph zone. When I was stopped, I told the officer I thought I was following the 65 limit and must have missed the switch to 50. When the Police Officer handed me the tix, he hand wrote in a phone # and said I should call "for assistance with it". When I made the call, The lady on the line said it's the Attorney General's office and call back in 2 wks when the tix is registered in the system. I don't know whether the Officer meant to call that # so they can help contest the tix or just to pay the fines.

So question to you guys is - any way to contest the tix or am I OOL? I live in MA so won't be going back to LA at the court date. BTW, this is my first speeding tix so look forward to and advice on how to handle - hopefully to avoid the fine and my insurance jacking up my rate.
Thanks in advance!


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http://www.fatwallet.com/forums/finance/1458438/ Sat, 29 Aug 2015 04:21:30 -0500
<![CDATA[USAA Credit Card Cash Back Rewards Redemption Change - Anytime $1 minimum]]> http://www.fatwallet.com/forums/finance/1458428/ Rating: 3 Posted By: redsox9547
Views: 1588 Replies: 0

Makes things a little easier and better now. Starting next month. Before it was annually only.

USAA Cash Rewards (type) Credit Cards:

I have 2 different cards and it applies to both (Cash Back)Beginning in September, we're making it easier to use your rewards.

  • Use a new and improved siteto see how much Cash Back you earn for each transaction.
  • Redeem your rewards anytimeusing your computer or mobile device and have the amount credited directly to your USAA credit card account. The amount can be as little as $1.


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http://www.fatwallet.com/forums/finance/1458428/ Sat, 29 Aug 2015 00:58:31 -0500
<![CDATA[Hedge funds]]> http://www.fatwallet.com/forums/finance/1458427/ Rating: 2 Posted By: fasttimes
Views: 1877 Replies: 22

Other than hedge funds being unregulated and open only to high worth individuals and institutions, how are they any different than mutual funds? They are often portrayed as helping the rich get richer, but they can't (and obviously aren't) all successful. Like the lottery, we only hear about the winners.

What at is the incentive for someone to run a hedge fund? Assuming one used the same exact methodology, why would running a hedge be more lucrative than a normal fund? Is it the lack of regulation, less overhead?


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http://www.fatwallet.com/forums/finance/1458427/ Sat, 29 Aug 2015 00:57:37 -0500
<![CDATA[$7,500 in 0% credit card debt. OK to let it ride? ]]> http://www.fatwallet.com/forums/finance/1458423/ Rating: -1 Posted By: johnirrific11
Views: 2117 Replies: 26

I bought a condo a year ago for 100k, somewhat unexpectedly. I am on a 15 year plan and spend $1050 a month on Mortgage/HOA/Taxes. A good deal in my ideal location came about so I jumped on it. I was only making lower 40s in an entry level job when I bought the place. Had a few thousand in CC debt. Did some renovations to the place and bought furniture, and racked up about $7500 in credit card debt. Balance transferred everything to Amex Blue cash a couple months ago so I could be interest free for a year. I don't use it for anything except groceries due to 3% Cash Back.

Was more or less paycheck to paycheck until I improved my job situation 6 months ago and now im making in the low 60s with a 10% non-discretionary bonus in February. Should net around $4,000 from the bonus and I am gonna use that to pay off the CC debt.

Have not really improved my financial situation since getting the extra money. "completed" my condo furniture wise and think I have everything I need/want in that dept now. Also ran in some bad luck ($2000+ in auto repairs) and spent $1500 flying out to a wedding I was in (and for bachelor party weekend). I think spending will likely decrease a good bit and I should be able to save a good deal. No student loans or auto payment. $3700 income after taxed and deductions and my housing only costs $1050

My basic plan is as follows:

1. Save up $5000 in checking account, never fall below it again
2. $200 a month towards CC debt (plus pay off whatever I spend on groceries).
3. Use bonus to pay off remainder of CC debt.

Thoughts/Suggestions?


Personal Finance Deals

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http://www.fatwallet.com/forums/finance/1458423/ Sat, 29 Aug 2015 00:31:02 -0500
<![CDATA[How to report credit card frauds? ]]> http://www.fatwallet.com/forums/finance/1458405/ Rating: 4 Posted By: larciel
Views: 1832 Replies: 17

I own a online shopping website and we have been victim of credit card frauds last Christmas season. Bunch of orders came in asking for overnight shipping to various addresses in US. 3 months later, all of chargebacks originating from Hong Kong, Taiwan, etc etc.
We lost about $10,000 worth of items plus fees. We have secured our merchant system so it only allows for total match of credit card billing address.

Last week, same style of orders came in. Most of them were cancelled but one order went through and when we approved the shipment, orders kept coming in and in.
All credit card billings are match (to US address) and I did a little research and the addresses are all Chinese ship-forwarding companies where they ship items from US to China. I do not know if they are the culprit or just 3rd party middleman. They put phone numbers of these companies. emails, I think is fake yahoo accounts.

Questions.

1. What steps can I take to at least put a dent on the damn frauds?
2. Anybody have similar experience? Are these bots placing orders?

Thanks,

-A Pissed off seller.


Credit Deals

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http://www.fatwallet.com/forums/finance/1458405/ Fri, 28 Aug 2015 20:44:46 -0500
<![CDATA[HYD (ETF) or VWAHX (Vanguard Mutual Fund)? Plus Firday's Munis List]]> http://www.fatwallet.com/forums/finance/1458399/ Rating: 0 Posted By: GoldenSacks
Views: 1350 Replies: 2


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http://www.fatwallet.com/forums/finance/1458399/ Fri, 28 Aug 2015 18:42:58 -0500
<![CDATA[Help me keep my future ex-girlfriend from a claim on a house I will buy....]]> http://www.fatwallet.com/forums/finance/1458397/ Rating: 6 Posted By: jd2010
Views: 3693 Replies: 76

Hi all,

I am thinking about purchasing a house in the next few months. Will be conventional 20% down. My girlfriend of ~6 yrs will be living with me and paying approximately half of the cost of living. This is a non common-law marriage state. We have no joint financial accounts, will not have kids or get married.

Because of student loan complications, and my FWF proclivity to not set myself up to get financially destroyed by a woman, the downpayment, mortgage, and title would be only in my name.

Are there specific things I need to do/not do to ensure that if we break up at some point she can't come at me for her share of the house equity? Do I write up a formal renter's agreement? (Id rather not because tax purposes).

Help me, oh bitter sages with your wisdom of marriages & girlfriends past.


Personal Finance Deals

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http://www.fatwallet.com/forums/finance/1458397/ Fri, 28 Aug 2015 17:43:09 -0500
<![CDATA[Tax law and selling by-lot and oh boy this is a mess]]> http://www.fatwallet.com/forums/finance/1458388/ Rating: 0 Posted By: micha8s
Views: 1768 Replies: 14

here's the long and sordid story. I work for a spin-out company. My previous employer once gave me a bonus half in stock. Subsequently I participated for a few years in an Employee Stock Purchase Plan...up until the spin-out of my now company. According to my record, I still hold shares, split amongst 26 different purchase lots, which mostly consists of dividend reinvestment purchases.

About a year after the spin-out, I transferred my stock from the broker the company used to my friendly not-quite-as-local as I'd like Edward Jones -er- "financial advisor." That happened just about 10 years ago.

A few years after that, the company got split into two, and one half got bought out, cash for stock. When that occurred, I used my spreadsheet to calculate my cost basis. Ducky.

Now, the remaining company has a "modified dutch auction" repurchase offer. Wife and I both feel like it's time to reduce our position in the company, but not get out entirely -- so, selling about half. Doing so, I'd like to simplify the lot information. To make this more complicated, my wife would like to keep a minimum number of shares -- doing so FIFO would result in keeping shares from 3 more lots.

My quick internet research earlier today told me that I can sell FIFO, or I can sell LIFO, OR I can sell by-lot, but if I sell by-lot, I need to get a letter from Edward Jones that THAT is what I did. Of course, getting that letter, when going through this stock repurchase offer, is already an iffy proposition.

Edward Jones has a fancy-dancy page that will tell me my cost basis, per lot. But none of the information from the company's broker is shown -- their page only shows an aggregate cost basis for what's left of what got transferred over. Of course, it doesn't match what I think it should be. I've called my "financial advisor", and he's checking with the home office to see if THEY have that information -- if in their records all the shares got consolidated, or there are separate lots.

And all this matters because of my desire to simplify the lot information. If the answer is "screw the spreadsheet, use their basis", then it makes the decision on what to offer up to be purchased-back easier. If, on the other hand, all that lot information really exists or really matters to the IRS

If it matters, the unrealized gain on the shares we'd want to sell is approximately 6900 bucks, using Edward Jones' cost basis. If I can cherry pick the lots, I can simplify the cost basis that I keep going forward. If the separate shares disappeared through the transfer and then company split, then there aren't legally separate lots anymore... right?


Investing Deals

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http://www.fatwallet.com/forums/finance/1458388/ Fri, 28 Aug 2015 16:14:51 -0500
<![CDATA[Best company for non-owners auto insurance policies?]]> http://www.fatwallet.com/forums/finance/1458359/ Rating: 0 Posted By: vnuts21
Views: 1629 Replies: 19

My wife and I recently sold both of our cars, and no longer need auto insurance. However, it seems like it would be prudent to keep a non-owners liability coverage insurance for the times we rent cars, or use car sharing services (car2go, zipcar, etc).

My initial call to my old insurance carrier (Geico) quoted me a whopping $5 less for 6 months to go from my current policy (which has my 1 car on the policy) to a non-owners policy ($240 every 6 months with 150/300k liability limits).

I'm hoping I can get a better deal elsewhere. What I've found though, is that most companies don't let you quote non-owners policies online, so I'm stuck calling companies and spending 20 minutes on the phone with each of them.

Is there a decent list somewhere of places that could quote non-owners policies?


Personal Finance Deals

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http://www.fatwallet.com/forums/finance/1458359/ Fri, 28 Aug 2015 11:47:55 -0500
<![CDATA[Charity Donations Least Costly Receiving Options for Recipient]]> http://www.fatwallet.com/forums/finance/1458348/ Rating: 3 Posted By: nameunknown
Views: 2041 Replies: 37

My wife and I donate money to several different charities on a monthly basis. One charity in particular automatically bills our credit card each month. My wife recently received a letter from this charity asking if we would consider letting them automatically debit our checking account each month. As a matter of principal, I do not give anybody, no matter how trustworthy I think they may be, permission to pull money out of our accounts. So I told my wife that I would be happy to schedule an automatic billpay each month and she should call and inform the charity of this change so they could stop billing our credit card.

When she called them, they said it was actually more expensive to receive and process an automatic billpay. Unbelieving, I called them to try to find out more info. They told me that if they would automatically debit our checking account then the cost would be a fraction of a penny. Credit card processing fees would be the equivalent of 2.6% and fees for an automatic billpay would approach 3.4%. I guess that I am shocked at the fees to receive an online bill pay. I have sent these to myself before from my bank and they shows up as a paper check that I simply deposit. On the check is contact info on how to receive future payments electronically instead of via paper. I suspect that this large charity organization is somehow receiving them electronically as they show up in the list of billers on my banks billpay site. Perhaps there is a very large cost associated with the electronic receipt? Or maybe they are simply factoring in staff time to process a paper check?

Id like to better understand what happens when an organization chooses to accept online billpays electronically. Does anybody know the associated costs and care to enlighten me?


General Economics Deals

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http://www.fatwallet.com/forums/finance/1458348/ Fri, 28 Aug 2015 08:42:12 -0500
<![CDATA[My Ex Girlfriend has destroyed all my tax, immigration & educational docs & medical records etc. What are my options?]]> http://www.fatwallet.com/forums/finance/1458310/ Rating: -4 Posted By: RisingSun2015
Views: 5900 Replies: 132

My Ex Girlfriend has destroyed all my tax, immigration & educational docs & medical records etc. I am still too shocked to know how to react. We were on good terms when we separated. We were still good friends. She still emails me occasionally about some new movie or tv show & I reply back.
I have been having major health problems & thus haven't been working. I have a small apartment. Due to space constraints, I was looking for some temporary storage space. She had 2 storage units available in the basement of her apartment building. She only needed one of them & made the other one available to me. Due to financial issues, I decided to save some money. I put my stuff in about 10 boxes, taped them well & left them in the other unit. She didn't know what was in the boxes. She even gave me a lock for the unit. This was about 7 months ago. I got married not too long after.

Without going into too much detail, 3 days ago I called her & mentioned that I needed some of my boxes. She told me to come on over. Yesterday, I went there & found out that there's only about 4 boxes worth of stuff left. Even that stuff had been taken out of the boxes & it was sitting in a big plastic tote. All that stuff seemed like some one had minutely went over all of it & got rid of anything that was potentially important for me. I was speechless when she told me she shredded a lot of the stuff because it was old & from over 10 years ago (Among my educational documents were, my college & school transcripts). When I asked her the reason for doing it, she told me she thought I wasn't coming back. But, I wasn't ready to believe such a lame excuse. I called her out on that & reminded her that she has been emailing been every so often about random stuff & not once she had mentioned anything about my boxes. She anyway, only lives about a mile away from me. She told me I was being unreasonable & that I should collect my stuff & leave.

She had no business opening my boxes. She threw away all my health supplements that I wasn't using at that time & I had put in a couple of boxes. All my original immigration docs, medical records, educational docs (transcripts, certificates etc.), tax docs etc. were in those boxes & they are gone. I am still trying to realize what all I have lost.

Call me stupid, lazy, idiot, whatever for leaving my precious documents with her but I was having a major churning in my life due to medical problems & I wasn't thinking straight (physical, emotional & financial turmoil).

Do I have any options at this time or I am SOL? I am trying to be brave but I don't think it has sunk in yet. I am still trying to figure out I could be looking at potentially a major expense & huge hassles & time issues. Not to mention, medically, I am better but still not out of the woods yet. Do I have any recourse? I feel so confused & am struggling to how to deal with this rationally.

P.S. - It's only about 4 or 5 folders of documents & medical records (dvd's of scans etc.), which I am hoping she hasn't thrown away or shredded them. I am not able to decide how to find out if she still has them & hopefully she will return them, if she does. I am not worried about the rest of the stuff, which is easily replaceable.


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http://www.fatwallet.com/forums/finance/1458310/ Fri, 28 Aug 2015 00:20:46 -0500
<![CDATA[SSI supplemental income and settlements]]> http://www.fatwallet.com/forums/finance/1458309/ Rating: 0 Posted By: bheat
Views: 1682 Replies: 7

I live in CA I receive SSI for a mental condition I will be receiving a large settlement soon. Should I stop SSI before I receive settlement. I might need to get back on SSI some time in the future and I don't know if receiving a settlement in the same month that I recieve SSI will affect future SSI payments or future chances of receiving SSI Will it?


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http://www.fatwallet.com/forums/finance/1458309/ Thu, 27 Aug 2015 23:30:10 -0500
<![CDATA[cancelled transaction, no refund to card??]]> http://www.fatwallet.com/forums/finance/1458299/ Rating: -2 Posted By: bbbeet
Views: 2248 Replies: 22

Hi All,

About 12 days ago, I went to Target to load my prepaid red card with 3 VGCs. I told the staff to load 1K, but I only had $900 on the three cards: $500, $200, and $200. Thus, I had to cancel the transaction. After 12 days, the cards still have 0 balance. I checked the transaction statements online and found that the cards were all charged by Target on that day and never refunded. I went to Target store and was told since the transaction was voided, no record can be provided. I contacted the VGC service and was told the cards have been charged all by Target. I am not sure how to get my money back. Any advice please? Thanks.

Beet


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http://www.fatwallet.com/forums/finance/1458299/ Thu, 27 Aug 2015 20:30:09 -0500
<![CDATA[Stock buy limit order question]]> http://www.fatwallet.com/forums/finance/1458297/ Rating: 0 Posted By: Rerun
Views: 1931 Replies: 21

If I put in a sell limit order for stock xyz @ 10 that closed at 9.95 today but after hours show it rose to 11 on some surprise news, what is going to happen tomorrow morning IF it actually opens at 11 or close to it? Will it still sell at 10 per my original sell limit order or at the opening price (hopefully close to 11)?


Investing Deals

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http://www.fatwallet.com/forums/finance/1458297/ Thu, 27 Aug 2015 19:56:49 -0500
<![CDATA[Got my first credit card bonus. Can I stop using this card?]]> http://www.fatwallet.com/forums/finance/1458244/ Rating: -1 Posted By: atikovi
Views: 2200 Replies: 21

Ialready had a Capital One Spark VISA card giving 2% Cash Back for a few months, when 2 months ago I applied for and got a Capital One Spark VISA card giving 1 % Cash Back with a $500 bonus after charging $$$ during the first 2 months. Just got the bonus. Can I stop using this card and go back to the 2% card? I mean, this seems too easy. They wont take back the $500 bonus when they see Ive stopped using that card? Whats in it for C1 to give out the $500 in the first place?


Credit Deals

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http://www.fatwallet.com/forums/finance/1458244/ Thu, 27 Aug 2015 11:37:42 -0500