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[Hyperwallet to be discontinued on February 1st, 2016]]> http://www.fatwallet.com/forums/finance/1462484/ Rating: 0 Posted By: burgerwars
Views: 128 Replies: 0

Link to announcement.

It's a money transfer service based in Canada. I only have a few dollars now in my account that I only used a couple times to test it. They're closing up.

Added note: Now that they're closing, their founder wins Entrepreneur of the Year. Figure that one out. Link: http://www.prnewswire.com/news-releases/hyperwallets-founder-wins-ey-entrepreneur-of-the-year-award-300152253.html

Discussion Deals

http://www.fatwallet.com/forums/finance/1462484/ Sun, 04 Oct 2015 09:24:01 -0500
<![CDATA[My credit card # stolen]]> http://www.fatwallet.com/forums/finance/1462479/ Rating: -2 Posted By: Treefarn
Views: 201 Replies: 2

So recently I received a call from Citibank Fraud dept, they wanted to ask about a charge to a hotel because they suspected fraud. I didn't authorize the charge, so presumably my card # got stolen. They cancelled the card, reversed the charges, no complaint there.

Here's my question. The card was a month old. It had only been used twice, both online and the card has never left my house. Does that mean the card # was stolen from one of those two sources (either through hack or through an employee), or is there some other way for that card # to get out? One of the places was a big enough chain that had they been hacked, it would have made the news.

Discussion Deals

http://www.fatwallet.com/forums/finance/1462479/ Sun, 04 Oct 2015 07:35:54 -0500
<![CDATA[Contacting Prior Employer Clients after Starting Own Business]]> http://www.fatwallet.com/forums/finance/1462413/ Rating: 0 Posted By: psyteet1
Views: 541 Replies: 7

I relocated to Hawaii in 2014 based on a job offer. I am still currently employeed with the same company and will likely stay that way in the near future. I did sign a contract that had something of the sort of a nonsolicitation agreement for a period of time should I choose to no longer be employed by my company. The company also has many written statements such as hours, vacatation time and so on within the contract. I get salary and benifits.I came over primarily based on the promises and set hours I was supposed to have based on the written contract I signed and my current company signed. This would have given me time to work on my side job which I enjoy. However I have more than held up my end of the contract. Unfortunately the company has not as I am working almost double what they agreed to for the same pay. I supposedly get vacation but still have to work all holidays and some weekends just to keep up with the workload. I am currently working about 30-40% more than the other employees on the islands and am bringing in substantial income to the company. This is primarily due to the island I am on and not having back up here at this time which the other islands do within the company. I can run through their system and I am doing substantially more work than the other employees and am required to work substantially more than we agreed to per our contract. This is primarily due to the company having no other options on my island and at this time has to send all work to me.

Because of my job quality and relationships with our contacts and because of the same setup I have had in the past in different states I am pretty confident that I could turn in my notice and would get work from these same companies on my own. I would be fine with running the risk as I do have ongoing job offers on the mainland due to my prior contacts and relationshipsshould it not work out here .

My question is if, even though I signed a non solicitation agreement, is there any possibility that the company not holding up to their end of the contract that the agreement can be void or invalid? If I was to get sued or a cease order would I have any recourse if I took the risk?

I know there is always the option of asking for changes within my company and I have taken those steps and they are reviewing their options. I could end up staying with them for a long period but am always open to new options.

Thanks for your time.

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1462413/ Sat, 03 Oct 2015 15:10:45 -0500
<![CDATA[FEDWIRE RECALL]]> http://www.fatwallet.com/forums/finance/1462398/ Rating: 1 Posted By: cesiincusa
Views: 834 Replies: 22

I wired an amount $16200 to a company yesterday at 10 AM 10/2/2015, for buying a product.I sent a Wire to the same company for $1800 as a deposit on 10/1 2015 as well. total amount involved is $18000. With in a few hours of the second wire on 10/2/2015 i discovered that the seller company may not be genuine and i am a victim of fraud and I wired the money to a fraudulent company. I reported the matter to my bank and the bank requested a WIRE RECALL for reason of Fraud immediately. As i understand , as per FED laws a wire recall can be requested with in 72 Hours.

Can anyone answer following questions:

1. will i get the refund through wire recall?
2. Has anyone ever recalled a wire and got the money back after it was deducted and posted in the account.

The banker at my bank tells me i should get the money back in next business day. i am not sure if i need to inform the LE as well.

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1462398/ Sat, 03 Oct 2015 12:33:26 -0500
<![CDATA[Should you always get an appraisal on a house?]]> http://www.fatwallet.com/forums/finance/1462340/ Rating: 0 Posted By: readytofly
Views: 896 Replies: 12

I might be buying a condo from someone I know. I would be paying the same price he paid for it in 2009, and no realtor fees or anything. There aren't many comps for the condo, but there is one that was from a Year or two ago and it sold for 25k more than the price I am paying. Another is on the market for about 40k more than my price but it hasn't sold yet.

Should I get my own appraiser for the property before I agree on the price? I didn't apply for the mortgage yet. This is my first time buying so I don't want to mess anything up.

Real Estate Deals

http://www.fatwallet.com/forums/finance/1462340/ Fri, 02 Oct 2015 22:39:39 -0500
<![CDATA[Tax on receiving foreign funds]]> http://www.fatwallet.com/forums/finance/1462336/ Rating: 0 Posted By: rainbowdreams
Views: 610 Replies: 8

Gave my cousin around $10K for higher studies in Australia back in 2008. There is no documentation for the loan.He is settled in Australia and repaying me back now. What will be the tax consequences if funds are received from overseas.
Looking to FW'ers for their inputs.

Tax Deals

http://www.fatwallet.com/forums/finance/1462336/ Fri, 02 Oct 2015 21:58:23 -0500
<![CDATA[Listen Money Matters / Instavest $50 Referral]]> http://www.fatwallet.com/forums/finance/1462279/ Rating: -4 Posted By: xjohanson
Views: 517 Replies: 1

I love Listen Money Matters - its a great podcast about finance (tips, investing).

Lately 2 they've done 2 podcasts about a company called Instavest (https://www.listenmoneymatters.com/instavest-replicating-the-wor...

Has anyone used Instavest? Sounds kind of neat - $3.49 per equity tradebutthey tell you what to buy and sell.

Worth signing up? Thoughts?

Discussion Deals

http://www.fatwallet.com/forums/finance/1462279/ Fri, 02 Oct 2015 12:48:23 -0500
<![CDATA[Santander Bank $150 Checking Account Bonus - New Accounts]]> http://www.fatwallet.com/forums/finance/1462273/ Rating: 4 Posted By: NEDeals
Views: 1293 Replies: 6

Receive $150 for opening a checking account with Santander Bank.

  1. Open new qualifying checking account with $25 minimum by 12/31/2015
  2. Add $500 in direct deposits within 90 days
  3. Keep account open for 90 days
  4. $150 bonus paid within 30 days of meeting items 1-3.

Qualifying account is Basic Checking, Classic Checking, or Premier Checking. No, the extra20 account is not eligible. Offer is not available to current or former Santander customers who had a Santander checking account between 10/1/2014 9/30/2015. Standard Santander Direct Deposit caveats. See extra20 FWF threadfor DD assistance.

It looks like they are trying to draw new accounts that they do not have to pay recurring extra20 bonuses to. I hope this does not foreshadow the end of extra20.

Deal Deals

http://www.fatwallet.com/forums/finance/1462273/ Fri, 02 Oct 2015 11:24:31 -0500
<![CDATA[stock dividends 401k]]> http://www.fatwallet.com/forums/finance/1462269/ Rating: 1 Posted By: mrjuggalo9er
Views: 555 Replies: 2

What happens to dividends if I elect to purchase individual stocks through my 401k...stock in question is ingredion

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1462269/ Fri, 02 Oct 2015 10:37:43 -0500
<![CDATA[Can I write off accumulated student loan interest payments?]]> http://www.fatwallet.com/forums/finance/1462248/ Rating: 1 Posted By: brownthomasworama
Views: 804 Replies: 13

My student loans have been in deferment and then IBR so they have accumulated about $6K in interest in 2-3 years. I gave up on them and life for a bit. Making some money now and deciding how aggressively I'd like to begin chipping away at them. Reading all the stuff it looks like i have to pay the interest before any extra payments can go to the principle. (1) When they say I must pay the interest first does that mean I have to pay all this back interest or just the monthly amount and then i can chip away at the principle? It is not capitalizing now or being added to the principle yet as i am still in the first 3 years of IBR income based repayments. (2) Assuming i have to pay this 'back interest' before I can do anything to the principle then I must be able to write of all of my student loan payments because they will all be interest? (3) If this is all true then is there any limit to how much can be written off and more importantly when should i make a payment for this year to be able to write it off on next years/ the coming years taxes. The only way i can pay any money at all is because i live at home at 37 years old. I am not obligated to pay them anything based on my income but that will change when they reevaluate at the end of this year. Even then my obligatory payments probably wont cover the interest. That's all for now I think unless you'd like to opine as to whether i should, save for a house or deal with the student loans.

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1462248/ Fri, 02 Oct 2015 08:09:28 -0500
<![CDATA[Pension transfer ]]> http://www.fatwallet.com/forums/finance/1462216/ Rating: 0 Posted By: uscgbpa
Views: 698 Replies: 6

I have approximately 10k in a pension from my employer(2003-2007) that I need either put in a 403b, IRA, or cash out. The employer is no longer offering the pension and only a 403b. What would be my best option? I really don't know much about this stuff and any info would be very helpful.

Question Deals

http://www.fatwallet.com/forums/finance/1462216/ Fri, 02 Oct 2015 01:40:43 -0500
<![CDATA[Fidelity: Up to a 10% IRA Match. New or Existing. $10K min]]> http://www.fatwallet.com/forums/finance/1462185/ Rating: 2 Posted By: DeGlass
Views: 2600 Replies: 6


Same terms as last time:

No expiration date stated; not sure if it's worth the wait if you've already maxed out your 2015 contribution limits.
This offer is valid for new or existing Fidelity IRA customers. In order for your IRA to be eligible to receive the IRA Match bonus, you must either designate an existing eligible Fidelity brokerage IRA or open a new eligible Fidelity brokerage IRA during the Qualification Period (defined below). Qualifying Deposits (rollovers and transfers from non-Fidelity IRAs) received in the Fidelity IRA during the Qualification Period will result in an annual matching bonus on any subsequent annual contributions made to that IRA for the current contribution year and the next two successive contribution years (the "Match Period"), as follows: deposits of $10,000 to $49,999 may receive a 1% match, deposits of $50,000 to $99,999 may receive a 1.5% match, $100,000 to $249,999 may receive a 2.5% match, deposits of $250,000 to $499,999 may receive a 5% match, deposits of $500,000 or more may receive a 10% match. During the Match Period, the IRA Match bonus will apply for up to three years from when the Match Period begins or until a customer reaches the maximum aggregate IRA Match bonus of $1,950, whichever occurs sooner. Offer is nontransferable, limited to one offer per individual per rolling 12 months, and, with respect to the IRA that receives the deposit, one offer per Match Period. This offer may not be combined with other offers. Fidelity reserves the right to modify these terms and conditions or terminate this offer at any time. Other terms and conditions, or eligibility criteria, may apply.

Investing Deals

http://www.fatwallet.com/forums/finance/1462185/ Thu, 01 Oct 2015 20:59:10 -0500
<![CDATA[Does this mean that there will be no hard pull on my credit?]]> http://www.fatwallet.com/forums/finance/1462178/ Rating: 0 Posted By: indebted
Views: 708 Replies: 4

I logged into my BoA account and saw that I can request a quick credit limit decision. This is what I see after clicking on it:http://imgur.com/nKDSyCh

It states that this will not create a credit bureau inquiry. Anyone know whether this is a soft pull?

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1462178/ Thu, 01 Oct 2015 19:44:42 -0500
<![CDATA[Best current Turbotax premier deal?]]> http://www.fatwallet.com/forums/finance/1462177/ Rating: 0 Posted By: needhelpplease
Views: 517 Replies: 0

For us extension filers?

Have accounts with Fidelity, Vanguard etc...

Anyone have the VanguardFlagship Services and Asset Management Services clients link? Please PM

Question Deals

http://www.fatwallet.com/forums/finance/1462177/ Thu, 01 Oct 2015 19:43:09 -0500
<![CDATA[Been making payments on medical bill then get threaten to sent to collections]]> http://www.fatwallet.com/forums/finance/1462146/ Rating: 0 Posted By: kenpomace
Views: 875 Replies: 8

We received a 300 bill that was bullcrap and been fighting over it for a while. Basically it is a bill for an exam that was not approved.

Anyway the bill was appox 300.00 and I been paying 50.00 a month with the credit card for past 2 months. I get a letter in the mail saying we understand your hard times blah blah then said the total appox 200.00 is due in 21 days if not it will be sent to collections

Should I pay it or keep doing what i'm doing? Why would they do this stunt just over 200.00 which gonna costs them to put in collection and good chance they are not gonna get anymore money from me if it goes to collection. I would settle the debt with the collection if it does

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1462146/ Thu, 01 Oct 2015 16:04:16 -0500
<![CDATA[Any way to make money off the Fanduel bonus codes?]]> http://www.fatwallet.com/forums/finance/1462145/ Rating: 0 Posted By: busyryan
Views: 988 Replies: 10

Fanduel is a site that allows you to bet against people over fantasy sport leagues. They offer a $200 bonus matched based on your initial deposit. However, their terms say they make this bonus available at 4% of whatever you actually play. This reminds me of the old online casino bonuses where we would sign up, get the max bonus, and then play it through roulette (covering red, black, and zero) until it had cycled enough to get the money out.

My question is, can this also be done here? I know very little of fantasy sports so I am curious if there is an essentially a risk free way to make money off of this bonus.
Thanks in advance,

Discussion Deals

http://www.fatwallet.com/forums/finance/1462145/ Thu, 01 Oct 2015 15:29:39 -0500
<![CDATA[Title Company and Arbitration]]> http://www.fatwallet.com/forums/finance/1462077/ Rating: 0 Posted By: ICMATULKASPRMKY
Views: 711 Replies: 2

Should I wave my right to sue the title company by leaving the arbitration agreement active?

Question Deals

http://www.fatwallet.com/forums/finance/1462077/ Thu, 01 Oct 2015 10:14:06 -0500
<![CDATA[Switching energy companies for fun and sign up bonus profit]]> http://www.fatwallet.com/forums/finance/1462069/ Rating: 0 Posted By: CowbellMaster
Views: 872 Replies: 8

I sometimes get emails to switch to a new utility provider for a random reward. Just got one for:

It's time to get rewarded for paying your electric bill each month. With Energy Plus you'll earn Rapid Rewards Points when you enroll and every time you pay your electric bill.

Bigtime bonus points Earn 10,000 bonus points after completing two months of active service as an Energy Plus customer, or 12,500 bonus points if you're a Southwest Airlines Rapid Rewards Cardmember*.

Has anyone switched energy providers every few months to capitalize on these signup bonuses? Is there any harm in doing so? I figure if this is worth it some of you are already doing it.

I have a large solar panel system and my usage is 0kwh per month so I don't believe I'd have any financial impact to switching every few months to whoever wants to give me something to switch.

Discussion Deals

http://www.fatwallet.com/forums/finance/1462069/ Thu, 01 Oct 2015 09:01:30 -0500
<![CDATA[What Credit card Processing Company to use for my business? Thanks!]]> http://www.fatwallet.com/forums/finance/1462056/ Rating: 0 Posted By: IrishSix
Views: 1060 Replies: 22

What Credit card Processing Company should I use for my business? We need to upgrade to a chip machine now and feel this would be a great time! Thanks for any help you can offer or direction you can point me in.

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1462056/ Thu, 01 Oct 2015 07:08:35 -0500
<![CDATA[Borrowing money to fund ROTH?]]> http://www.fatwallet.com/forums/finance/1462012/ Rating: 0 Posted By: indebted
Views: 1091 Replies: 10

I want to fully contribute to my ROTH each year from now on as I haven't been able to put any towards it in the past 3 years and I'm thinking about borrowing money at 0% APR through my bank right before April 2016 to fund the ROTH. However, I would have to pay a 4% transaction fee to borrow money at 0% APR for 12 months. If I borrow about $4000 to fund the leftover max contribution amount paying a transaction fee of $160, is it worth doing so? After borrowing, I will be able to pay the amount borrowed within the 0% APR period.

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1462012/ Wed, 30 Sep 2015 19:29:38 -0500
<![CDATA[Chase Bill Pay Experiences?]]> http://www.fatwallet.com/forums/finance/1462008/ Rating: 0 Posted By: elptrainerny
Views: 740 Replies: 6

i searched and the other chase bill pay thread is archived. For those who used chase bill pay recently have they had good experiences?

I was planning to use them to mail paper checks and worried they will take forever

Discussion Deals

http://www.fatwallet.com/forums/finance/1462008/ Wed, 30 Sep 2015 18:19:20 -0500
<![CDATA[Hacking HDHP/HSA by alternating with Standard Health Insurance: Best of Both Worlds?]]> http://www.fatwallet.com/forums/finance/1461987/ Rating: 0 Posted By: AndroAsc
Views: 1258 Replies: 22

Finally, my employer is offering a HDHP plan next year. I'm into HDHP for the HSA, but I realized the numbers are shit.

At the high level, the max OOP is the important thing. Under my current standard plan the max OOP is $3k. Under the HDHP this rises to $6.5k. Premiums are lower under the HDHP by $500/yr, so basically you can only have a major medical event that hits your OOP once every 7 years. Along with the fact that there are no co-pays, these "small costs" will add up, and I expect the "break even" period to be 10 years on average. This is why I a HDHP/HSA does not work for me, and presumably a good number of FWF.

However, as a FWF, and since we all hack programs to figure out the loopholes it dawned on me. The HSA contribution goes from Apr from one year to the next. Most open enrollment is in the Oct period. So that means if I switch into a HDHP next month, I get to contribute $3300 to HSA for the 2015/2016 year, and another $3300 for the 2016/2017 year. Then, next year during open enrollment I will switch back to a standard plan, and repeat this alternate HDHP/standard indefinitely. In this way, there is also a 50% chance that a major medical event will happen when I am enrolled during a standard plan.

Sidenote: I got this inspiration from the AMEX Platinum trick of cancelling after 1 year, but getting annual fee credit for 2 years. Analogously, signup for HDHP for 1 year, but get HSA contribution limits for 2 years!

What do you guys think? Will it work? Who is already doing this?

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1461987/ Wed, 30 Sep 2015 15:43:03 -0500
<![CDATA[Non-LNV/EII banks sought - does Ally or First Tech ask new members obscure questions going 10+ yrs back?]]> http://www.fatwallet.com/forums/finance/1461980/ Rating: 0 Posted By: freeBuju
Views: 1151 Replies: 17

After being stung by UFB Direct,I would like to know in advance if Ally, DCU, or First Tech do a credit pull and then ask obscure questions, followed by instant irreversible denial if you answer one "incorrectly". (quotes used, since the records they form the questions from may in fact be wrong).

Some CUs require joining something else first. I'd like to avoid the frustration of going through the effort can expense of joining something else first to be able to qualify for membership, only to be denied for getting a question wrong.

[edit] changed subject to emphasis avoidance of "Lexis Nexis Verfy" ("LNV") or "Experian Instant ID" ("EII") interrogations. LNV is less accurate than EII, but I'd prefer to avoid both.

General Economics Deals

http://www.fatwallet.com/forums/finance/1461980/ Wed, 30 Sep 2015 14:08:29 -0500
<![CDATA[Sole Prop or S-Corp in my case?]]> http://www.fatwallet.com/forums/finance/1461973/ Rating: 0 Posted By: fleetwoodmac
Views: 610 Replies: 0

Income from 9AM-5PM job: 110K

Income from side business: 35K (Side business is structured as Sole Prop. for now)

I am thinking about converting the business from Sole Prop to SCorp

Also fully invested in 401k from job and fully invested in traditional IRA for me and my wife who is not working.

Talked to a local CPA for half an hour for free and here is what I learned;


If I stay as Sole Prop;

The whole 35K income from business will be shown in Schedule C and counted fully as income and my tax bracket moves up.

Of course there is standard tax deduction but at the end I can put 25% of 35K to deferred savings plan such as SEP IRA.

118K-110K = 8K will pay the 6.2%+ 6.2% = 12.4% social security tax + (1.45% +1.45%)= 2.9% medicare tax

(110+35=145) 145K-118K= 27K will pay the 2.9% medicare tax ( no social security tax above 118K income)

25%x35K = $8,750 invest in SEPIRA


If I choose S-Corp;

35K business income will be as 20K Wages + 15K Distributions (in theory, I am not sure if I can do this in reality)

20K wages will be taxed with (6.2%+6.2%)= 12.4% soc sec + (1.45%+1.45%)=2.9% medicare tax (does social security tax limited to 118K here or not?)

15K Distribution will be taxed like schedule C in sole prop. (added to income)

Also, half of the soc sec and medicare tax will be deducted as business expense.

How much can I invest in SEP IRA in S-Corp?

So which one is better for me? It seems like I pay more tax with Sole Prop but can I can defer my savings as well.


Personal Finance Deals

http://www.fatwallet.com/forums/finance/1461973/ Wed, 30 Sep 2015 13:16:49 -0500
<![CDATA[Tontines - Did you know?]]> http://www.fatwallet.com/forums/finance/1461948/ Rating: 4 Posted By: BenH
Views: 2508 Replies: 24

Interesting article about a financial instrument I never knew much about:


Discussion Deals

http://www.fatwallet.com/forums/finance/1461948/ Wed, 30 Sep 2015 10:14:50 -0500
<![CDATA[Buying a new Car]]> http://www.fatwallet.com/forums/finance/1461919/ Rating: 0 Posted By: bluebells2
Views: 882 Replies: 2

Is it better to charge a new car on Visa then transfer it to your home equity line of credit for the mileage (Southwest). The interest rate is 5% on Equity line or to get 1.9 on a new credit line from the dealer. Thanks.

Question Deals

http://www.fatwallet.com/forums/finance/1461919/ Wed, 30 Sep 2015 05:39:37 -0500
<![CDATA[Joint checking account with an elderly parent]]> http://www.fatwallet.com/forums/finance/1461852/ Rating: 0 Posted By: yardline
Views: 1270 Replies: 17

Hello FW'ers,

Looking for input on this: After may Dad passed away in late 2012, my mother who was 78 at the time wanted to add me to her checking account in case she became incapable of carrying out her finances. The checking account has about $15k and she has $100k in CD's. I've been a co-owner on the account since early 2013.

Question, did I inadvertently create a tax liability for myself? If the IRS ever looked at it, would they consider that as equally my money?

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1461852/ Tue, 29 Sep 2015 16:06:00 -0500
<![CDATA[2015 Chrysler 200 or Dodge Dart?]]> http://www.fatwallet.com/forums/finance/1461836/ Rating: -3 Posted By: OverRuled
Views: 1371 Replies: 47

If you must buy one of the two, which one will you buy?

1. $13,700:2015 Chrysler 200 Limited, used with 5000 miles. Info link at http://www.edmunds.com/chrysler/200/2015/?sub=sedan
2. $13,000: 2015 Dodge Dart SXT, brand new. Info link at http://www.edmunds.com/dodge/dart/2015/

Note the prices do not include tax, fees, etc...

Discussion Deals

http://www.fatwallet.com/forums/finance/1461836/ Tue, 29 Sep 2015 14:08:29 -0500
<![CDATA[Tenant Screening - How to Deny Applicant]]> http://www.fatwallet.com/forums/finance/1461829/ Rating: 3 Posted By: peeps4life
Views: 3890 Replies: 65

I have a condo available for rent and I am using Cozy.co as the screening service for credit/background checks.

The tenant pays the $34.95 for these reports.

I have so far had 3 applications. One I have eliminated on the basis of credit report. They are going through foreclosure and have multiple delinquent accounts. The second did the credit/background report quickly. Credit is Meh at 650, background clean. I would be willing to rent to this tenant. They did not complete the rest of the application right away. Last night I had another couple apply and credit/background came back excellent. 750+ and a full application. They also offered an extra $25/month rent. It is a no brainer that I will offer the condo to them.

Do any of you know of a good form letter to let the 2nd applicant that I have offered the condo to another more qualified applicant or do I have to be careful with verbiage? Or should I wait until I receive the deposit? I want to be sure I do everything LEGAL without subjecting myself to any issues as this is my first rental.

Question Deals

http://www.fatwallet.com/forums/finance/1461829/ Tue, 29 Sep 2015 13:10:15 -0500
<![CDATA[financial & criminal background check for apt rental]]> http://www.fatwallet.com/forums/finance/1461816/ Rating: 1 Posted By: DTASFAB
Views: 1764 Replies: 51

Disclaimer: I'm currently selling my condo, which was inherited, not purchased. I've never bought a property and this is my first experience selling one. I plan to rent for at least a year before I buy anything new, and most likely, I'll continue to rent longer than that.

At what point is it reasonable for a prospective tenant to produce financial statements and consent to a professional and potentially invasive background check? I have nothing to hide, but I don't want to disclose my SSN or suffer a hard credit pull prematurely when I'm not sure how interested I am in a particular rental. Not to mention, my personal information is really nobody's business but mine.

Discussion Deals

http://www.fatwallet.com/forums/finance/1461816/ Tue, 29 Sep 2015 11:01:10 -0500
<![CDATA[CP2000 - Amended Return - Do I Pay Now Or Wait The Response?]]> http://www.fatwallet.com/forums/finance/1461799/ Rating: 0 Posted By: theranblingsofaronin
Views: 927 Replies: 2

I received a CP2000 notice from the IRS stating that their computers found an error with my 2013 return. My tax preparer incorrectly claimed the American Opportunity Tax Credit for me. My tax preparer did not notice my 1098-T clearly had me marked as a graduate student nor did he notice the school did not mark me as at least half-time.

However, my low income for the year ($30,204, AGI of $27,704 due to deducting student loan interest) and the fact that I did have $16,122.07 billed for tuition less $8,003.53 in scholarships and grants led me to revisit the tax return to see if there were other credits/deductions I could claim.

  • Removed the American Opportunity Tax Credit
  • Received the Lifetime Learning Credit
  • Received a $200 Saver's Credit

Because of the fact that new credits/deductions were made, I had to file an amended return. I went from owing a principal of $2,500 +$112 in interest to $676 + interest.

Do I pay now what I believed to be what I owe with the 1040X + interest or do I await an IRS response?

Tax Deals

http://www.fatwallet.com/forums/finance/1461799/ Tue, 29 Sep 2015 08:38:07 -0500
<![CDATA[Faxing IRS for quick transcripts delivery]]> http://www.fatwallet.com/forums/finance/1461758/ Rating: 0 Posted By: runoff
Views: 963 Replies: 1

This topic was raised recently here. I downloaded PDF files from their site to request transcripts, but noticed there are also FAX numbers to fax instead of mailing requests. Has anyone requested and received transcripts by FAX only and successfully? Some reported they received them quickly but no mention of how they requested.

Tax Deals

http://www.fatwallet.com/forums/finance/1461758/ Mon, 28 Sep 2015 23:35:35 -0500
<![CDATA[Bank Account(s) for cheap transfer from US to Europe]]> http://www.fatwallet.com/forums/finance/1461752/ Rating: -1 Posted By: pascalrohlk
Views: 1003 Replies: 9


I need a business bank account for my LLC in US. Because I get most payments from Europe, I need an account which my european clients are able to pay to. I know I can open an account in Europe but I will have to pay high fees to get the money to US. So is there for excample an US account which allows european transfers for free?


Personal Finance Deals

http://www.fatwallet.com/forums/finance/1461752/ Mon, 28 Sep 2015 21:16:54 -0500
<![CDATA[Check from untrustworthy source]]> http://www.fatwallet.com/forums/finance/1461740/ Rating: 0 Posted By: shinobi1
Views: 1959 Replies: 25

It's only a small check (less than $10). I have it because of an eBay transaction which went wrong months ago. It's a personal/business check, drawn on a business account of the eBay seller. Seller is located many hundreds of miles away so it is impossible to visit his bank personally.

I don't trust the person who wrote the check. I had specifically asked for reimbursement via PayPal. That did not happen. If I go ahead and deposit the check, and it bounces, I would be on the hook for a lot more than the value of the check. And there is zero chance, IMO, that the writer of the check would pay my returned check fee.

My best understanding/knowledge is that I am in an impossible position and will simply have to swallow the small loss. If I'm missing something please tell me.

Absent any way to collect on the check with certainty, plan is to endorse check and send it to the president of the bank on which it is drawn, with instruction to that person to donate the money to charity of his choice . . . . if the money actually exists!At least that way the seller would not end up keeping the money, which is not an outcome I favor.

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1461740/ Mon, 28 Sep 2015 17:27:34 -0500
<![CDATA[cc account closed/ How're auto merchant returns handled ?]]> http://www.fatwallet.com/forums/finance/1461722/ Rating: 0 Posted By: needhelpplease
Views: 990 Replies: 2

My cc account was closed on 06/08/2015. How're "auto" Merchant returns (Kohls) typically handled?

DoMerchants make an exception in this situation?

Credit Deals

http://www.fatwallet.com/forums/finance/1461722/ Mon, 28 Sep 2015 15:11:20 -0500
<![CDATA[Medical Insurance - I have a very high deductible medical insurance plan and have received huge bills, what r my options]]> http://www.fatwallet.com/forums/finance/1461716/ Rating: -3 Posted By: iampks
Views: 2376 Replies: 63

Hi guys, I have a medical insurance with huge deductible and I have received received bills both from hospital and diagnostic center which I need to pay off myself before my insurance start paying. What all options do I have (can I ask for more time to pay it off or get some sort of discount) . Please advice?

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1461716/ Mon, 28 Sep 2015 14:04:46 -0500
<![CDATA[Finance referral FYI]]> http://www.fatwallet.com/forums/finance/1461713/ Rating: 6 Posted By: MVP9596
Views: 1219 Replies: 0

Hi Folks,

There are an awful lot of deals that can be made sweeter by a referral. To clarify our policy on referrals, we don't allow members to solicit or promote their own referrals. The only real exception to this rule is a newish thread we created in the Deal Discussion forum where members can request referrals. We still will not allow members to post their referral, but if you need a referral, that is the place to ask.

I just wanted to make sure that the finance community was aware of the Request a referral thread.

Discussion Deals

http://www.fatwallet.com/forums/finance/1461713/ Mon, 28 Sep 2015 13:43:42 -0500
<![CDATA[For those with the BoA BankAmericard credit card, what is your APR?]]> http://www.fatwallet.com/forums/finance/1461706/ Rating: 0 Posted By: rza1
Views: 1094 Replies: 7

I saw that the card offers APR as low as 10.99% but the customer rep told me very few people have that APR so I probably won't qualify. What is the APR on your card?

Credit Deals

http://www.fatwallet.com/forums/finance/1461706/ Mon, 28 Sep 2015 13:08:50 -0500
<![CDATA[Budget critique please]]> http://www.fatwallet.com/forums/finance/1461703/ Rating: 3 Posted By: ashotheremail
Views: 2384 Replies: 77

I am buying a new house that needs some updates and I need some advice.

After pension, taxes, 403b, and insurance my take-home pay is $3,471 per month. With all of my expenses my discretionary fund is $1500 but I am trying to pay off my credit cards, I bought too many toys, and I am putting $1000 a month toward them, leaving me with a $500 per month discretionary fund with $100 of that going into my savings. This amount is fine for me, I live in the country and spend my free time fishing, reading or playing video games and I am often left with a surplus of several hundred dollars, now that I have become more fiscally responsible and stopped buying needless toys and $100 shirts.

With my new mortgage, taxes and insurance my discretionary income will be around $600, with $100 going to my savings, but I want to take out a loan to put in a new driveway, garage, carpet upstairs (the old carpet was eaten by a dog), paint, drywall in the basement and a wrap-around deck. This will cost me around $25,000 in materials. I am doing most of the work myself but I will need help on some stages so I was going to take out a loan of $29,000, giving me $4000 for labor. Since the house I am buying appraises for a lot more than I am buying it for I was thinking about trying to get a home equity loan. A 10 year loan at 4.5% interest will put me at a $300 per month payment. This will leave me with $200, which is not enough for me to feel comfortable.

My question is, it will take me around a year to complete these projects, should I take $10,000 of the loan I am taking out to pay off my credit cards and then replenish my construction account with the money I was going to put toward the credit cards? In the case that I need to spend more than that $200 allowance I have given myself, I can put a smaller amount into my construction account and postpone some of the improvements if needed?

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1461703/ Mon, 28 Sep 2015 13:06:15 -0500
<![CDATA[The art & science of salary negotiation -]]> http://www.fatwallet.com/forums/finance/1461699/ Rating: 0 Posted By: magika
Views: 2250 Replies: 42

I wanted to post this on my real FWF ID but, due to that, for obvious reasons it needs to be vague (I post to much here to reveal any real details). I was recently offered a job in a field that I am really excited about and would really enjoy the work. At the interview, I gave them a broad salary range but told them I was open to negotiations. They offered me the upper end of that range, and only $1,000 less per year then I was really hoping for. My instinct here is just take the offer, but that goes against everything I hear on salary negotiations. People seem to suggest that you should always negotiate, even if you don't get anywhere, because (1) it shows you are not desperate and (2) displays you can advocate on your own behalf.

But If I ask for more, I might run the risk of appearing petty (because if the annual salary were to go up by $2,000, it would be outside of the range I listed). However, I also don't want to appear like I'll take anything that is thrown at me. I realize it was stupid to offer a range if I was not prepared to accept that range. I did not expect the salary issue to come up because, in this sector, it usually only comes up after an offer is made (not at the interview). It caught me a bit off guard...thus I am now in this awkward situation.

EDIT: For reference, I cannot negotiate benefits like PTO. They have a blanket policy on this and it appears to be set in stone.
EDIT 2: Decided to take the salary offer as is but try to see if they can budge on PTO. Thanks FWF!

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1461699/ Mon, 28 Sep 2015 11:49:56 -0500
<![CDATA[HSBC Premier $750 Bonus until 11/20]]> http://www.fatwallet.com/forums/finance/1461694/ Rating: 2 Posted By: LtWaldo
Views: 3504 Replies: 14

Get $750 for opening a HSBC Premier Bank account by doing the following:

- Begin a new HSBC Premier relationship or upgrade an existing U.S. non-Premier relationship by opening an HSBC Premier checking account from September 21, 2015 through and including November 20, 2015;AND
- Fund the relationship with a minimum of $100,000 in New Money by December 21, 2015;AND
- Maintain an average=9px5minimum balance of $100,000 in New Money from December 22, 2015 through and including March 21, 2016;AND
- Receive three qualifying direct deposits into your HSBC Premier checking account by March 21, 2016.

You can also get $200 for getting a referral from someone.

Offer is public on the homepage at: https://www.us.hsbc.com/1/2/home/personal-banking

Deal Deals

http://www.fatwallet.com/forums/finance/1461694/ Mon, 28 Sep 2015 11:45:54 -0500
<![CDATA[HSBC Advance $350 Bonus until 11/20]]> http://www.fatwallet.com/forums/finance/1461693/ Rating: 11 Posted By: LtWaldo
Views: 2685 Replies: 13

Get $350 for opening an HSBC Advance account by doing the following:

- Begin a new HSBC Advance relationship or upgrade an existing U.S. non-Advance relationship by opening an HSBC Advance checking account from September 21, 2015 through and including November 20, 2015;AND
- Fund the relationship with a minimum of $10,000 in New Money by December 21, 2015;AND
- Maintain an averageminimum balance of $10,000 in New Money from December 22, 2015 through and including March 21, 2016;AND
- Receive three qualifying direct deposits into your HSBC Advance checking account by March 21, 2016.

You also can get a referral bonus of $100 by getting a referral from someone.
Offer is currently on the homepage athttps://www.us.hsbc.com/1/2/home/personal-banking

Deposits Deals

http://www.fatwallet.com/forums/finance/1461693/ Mon, 28 Sep 2015 11:42:55 -0500
<![CDATA[College Savings ]]> http://www.fatwallet.com/forums/finance/1461681/ Rating: 0 Posted By: rascott
Views: 1503 Replies: 23

Just had our first child a few months back, so looking to go ahead and start a college savings plan for him

For those that started savings at this age, what's a reasonable amount? My goal would be enough to cover a 4 yr in state university.

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1461681/ Mon, 28 Sep 2015 10:33:51 -0500
<![CDATA[Corp to Corp between 3 companies]]> http://www.fatwallet.com/forums/finance/1461625/ Rating: -1 Posted By: TACTET
Views: 1332 Replies: 13

Folks - I am trying to structure a Corp to Corp relation between 3 companies and wanted some advice on how to approach this. Client - Source of work, Corp 1 is direct vendor to client, Corp 2 is a new LLC started by my wife and Corp 3 is my employer and I am on W2 with Corp 3.

I now have a very real project that I can start with Client, however, I am required to work with Corp 1 as they are prime vendors to the client.
Corp 2 is a registered LLC (1 week old) with no employees/revenue, however, I can get Corp 1 agree on giving business to Corp 2.
Corp 3 will essentially become a subcontractor for Corp 2 and hopefully, will not connect with Corp 1 directly. I will be the resource from Corp 3 working with Corp 1 at the client site via Corp 2. I don't want to quit Corp 3 until Corp 2 starts generating revenue. I may have Corp 3 type partnerships in future as well.

What is the best way to structure this from a finance and tax standpoint? Is this overly complicated and illegal? Please advise.

Thanks in advance.

New User Question Deals

http://www.fatwallet.com/forums/finance/1461625/ Sun, 27 Sep 2015 18:12:18 -0500
<![CDATA[Opening up a Franchise.. Any good forums/site to check out?]]> http://www.fatwallet.com/forums/finance/1461622/ Rating: 1 Posted By: Greatness
Views: 3208 Replies: 47

I am very interested in opening up a franchise. Anyone know of some sites or forums to check out? I found one, but it requires one to already be a franchise owner. Any leads one where to educate one's self would be appreciated.

Question Deals

http://www.fatwallet.com/forums/finance/1461622/ Sun, 27 Sep 2015 16:42:36 -0500
<![CDATA[Auto Loan: Advice on which term and rate I should pick?]]> http://www.fatwallet.com/forums/finance/1461615/ Rating: -1 Posted By: innocentbastard
Views: 1644 Replies: 29

I am currently shopping for a new car which say will run me $45k out the door. I have $14k as a down payment due to selling my current vehicle. I will probably put down an extra 5k just for the credit card rewards and most dealers here limit you to 5k in CC down payments. I also have around 30k in savings.

USAA is currently offering .74% on 36 months and 1.5% on 48-60 month loans.

Assuming I put nothing else down except for the 19k. 36 months would be a $731 car payment.
Assuming I put nothing else down except for the 19k. 48 months would be a $559 car payment.
Assuming I put nothing else down except for the 19k. 60 months would be a $450 car payment.

My dilemma is since 1% is about the best you can get on a liquid account, currently have an Ally account, I am trying to decide financially what the best decision is. I don't want a $731 car payment that much I know.
If I opt for the .74 rate at 36 months I would probably put another 2k or so down to bring the payments below $600 and just pay it in full every month.
If I opt for the 1.5% rate and 48 months I would put an extra 5k down to bring the amount down to $450 while paying $50-$150 a a month extra to pay it off early.
If I opt for the 1.5% rate and 60 months, I could opt to put the extra 5k down bringing the amount to $360 while paying up to $250 a month extra to again pay it off early.

Should I opt for the lower rate with a little more money down or stick to the longer terms and pay extra every month?

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1461615/ Sun, 27 Sep 2015 15:39:53 -0500
<![CDATA[Managing money for elderly parent (banking, investing, taxes)]]> http://www.fatwallet.com/forums/finance/1461589/ Rating: 0 Posted By: rbej
Views: 1492 Replies: 10

All, I need some advice. I imagine many would say speak to your tax guy or financial consultant but wanted to first see if anyone is or has been in the similar situation. I sold my Mom's house (about 3 months ago) and had her move in with me (she was too elderly to live on her own). She is widowed and 80 yo. For the past 18 years I have been filing her taxes, managing her bank account (joint owner), paying her medical bills. Has been fairly straight forward with this regard. Here are a few notes of the situation:

Income:Monthly she get a small pension distribution and her SS check. Annually about 14K total.

Investing:I do not really do investing just get minimal interest from the bank accounts. I would like to do more now. Need funds for taking care of her and bills.

Expenses:Her medical expenses are relatively low. Mostly I pay for her living expenses (food, clothes....etc.). In the near future I may need to hire help.

Taxes: Since my name is tied to her account I get the 1099 yearly and I assign her portion of interests.She didn't really need to file her taxes, but she has a huge NOL that I forward year to year (just in case) and I report the interest she gains on the bank accounts we have.

Home: Sold her home and gained 330K. Just sitting in the account for now until I figure out what to do.

My situation: I have my home plus a rental. Married. Large enough home to have my mom live with me (her own little studio). Two kids (age: 15 and 12) so I am saving for college and a bit concern that the college evaluation people are going to think the 330K is mine. I do have my own saving around 200K.

My hope: to invest a large portion of the home sale for growth. given my mom's age I am not sure how much longer I might have her around so I want resources to take care of her in the coming years and if there is residual have it forinheritance.

Any advice would be apprecaited

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1461589/ Sun, 27 Sep 2015 10:29:50 -0500
<![CDATA[Unexpected Dental Bill. Easiest way to handle?]]> http://www.fatwallet.com/forums/finance/1461545/ Rating: 2 Posted By: ecojakeranger
Views: 3010 Replies: 31

I recently added dental insurance to my health insurance. I'm a freelancer and pay for all of my insurance on my own, so did quite a bit of research and shopping around. I found a plan that covers bi-annual checkups 100 percent.

I found a new dentist within the network of the insurance company and went to them for that checkup. I made it clear at my visit that I did not want any work done that would not be covered by my insurance.

I just received a bill in the mail. While the way the bill is formatted makes it hard to make out exactly what is being conveyed, it basically appears that it expects insurance to cover all work performed, but that the "expected insurance payment" is $55 less than what they are billing. And then there's a $3 "billing charge".

While the dollar amount isn't a make-or-break item for me, I am more frustrated with what feels like the dentists office trying to game me for a few extra bucks, and the fact that to get this ironed out, t I anticipate this turning into a drawn out ordeal between the dentist and insurance company, with me stuck in the middle. Any suggestions on the most efficient way to get this taken care of? Any magic words I can say to the dentist office or insurance company when I give them a ring? Or perhaps I should just file the bill away, and wait for the insurance payment to kick in before getting into this?

New User Question Deals

http://www.fatwallet.com/forums/finance/1461545/ Sat, 26 Sep 2015 19:22:22 -0500
<![CDATA[Penfed and dealing with closing?]]> http://www.fatwallet.com/forums/finance/1461513/ Rating: 0 Posted By: ICMATULKASPRMKY
Views: 1960 Replies: 24

We are going with Penfed for our new home purchase and have submitted all documents. Our closing in the contract was scheduled for the 23rd, but we are seeing Penfed put a tentative date of the 26th. Wondering how likely it is for Penfed to continue pushing the closing out past the 26th and what are the chances we could close on the 23rd if i constantly call and bug them about it?

Real Estate Deals

http://www.fatwallet.com/forums/finance/1461513/ Sat, 26 Sep 2015 10:43:17 -0500
<![CDATA[TD Bank Faults on $200 Bonus. Advice Requested]]> http://www.fatwallet.com/forums/finance/1461505/ Rating: 2 Posted By: PerkGetter
Views: 2224 Replies: 12

Many of you know about the TD Bank Cash Rewards $200 sign up bonus discussed here:http://www.fatwallet.com/forums/topic_view.php?catid=52&threadid...

This offer was right on their home page. I applied via their link on their home page, printed out the TOS which states the offer and was read the same TOS for the offer when the card was activated. Basically, it's $200 6 to 8 weeks after spending $1,500 within the first 90 days of account opening. The requirements were met. When the bonus wasn't posted, I called, and at first they said they didn't see the offer, but then they "switched screens" and said, oh yes, you'll get it 6 to 8 weeks after the 90 day promo period (which we all know is wrong.) I waited through this, and called again when the bonus didn't appear. This time, they asked me to go to a branch with the printed TOS and have them fax it to them. We did this, and they said to check back in 3 days. We did, and now they said that they sent it to the corporate office for review and to wait an additional 3 days. At this point, I decided that they are faulting, stalling, or otherwise not giving us the bonus. I'm tired of calling and calling and calling. They faulted.

So does anyone know how I can file a formal complaint and what agency this would be filed with (SEC or FTC?) Also, if anyone has a screen shot of the offer on their home page, I'd be very appreciative of this. I printed out the TOS but did not think I would need anything else. Any advice on what I can do would be appreciated. Thanks

Discussion Deals

http://www.fatwallet.com/forums/finance/1461505/ Sat, 26 Sep 2015 08:37:29 -0500