Fatwallet.com Finance Our Mission - Serve consumers with knowledge, value and guidance. https://www.fatwallet.comhttps://static-forums.fatwallet.com/static/i/spacer.gifFatWallet.comhttps://www.fatwallet.com <![CDATA[Best method for a credit balance refund]]> https://www.fatwallet.com/forums/finance/1586213

Rating: 0 Posted By: CorradoJr
Views: 97 Replies: 1

I have 2 targeted 0% BT offers from Navy Federal and would like to take advantage of them by transferring to another card (Citi, Chase, Discover, BofA, etc.) and requesting a credit balance refund.

I've done a lot of searching on the topic and have gleaned anecdotal information that Citi and Chase seem to be the easiest to work with on this issue.

Other research I've seen says to having previous small balance (even $5) helps the process and avoids looking suspicious.

I plan to put the cash to work in my Cap One 360 Savings account and just pay the min payments each month.

Any suggestions?
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https://www.fatwallet.com/forums/finance/1586213 Thu, 21 Sep 2017 07:07:00 -0500
<![CDATA[How to approach offering financial gift to hurricane survivors]]> https://www.fatwallet.com/forums/finance/1586194

Rating: 0 Posted By: catsbewe
Views: 176 Replies: 6

Long-time member posting with alt-id because I'm wishing to remain anonymous.

Wife and I have dear friends in Dominica. A family of wife, husband and two young boys. Dominica was devastated by hurricane Maria on Monday night/Tuesday morning. All power and communication was lost and has not yet been restored, but bits and pieces of information are coming out, and it doesn't look good. By the grace of God, our friends are alive. They were hunkered down in their second-floor apartment when the storm hit and took off their roof. They managed to get out of the apartment and downstairs to break into the (vacant) downstairs apartment. Everything they owned, except for the clothes on their backs, is gone. There are now 32 people squatting in the (approximately) 700 ft apartment.

Our friends are frugal and industrious, therefore had a fairly good standard of living for Dominica. But I don't believe that long-term savings is really part of the culture there. And because Dominica's economy is built on tourism, and tourism is likely to be crippled for some time, it's going to be a very difficult climb back up for everyone there. They are a strong proud people, and will persevere.

We want to do anything we can to help them, including, if possible, financial help. We could probably peel off something like $5k to $10k to help them. That's probably a drop in the bucket considering the need, but it would be a start. I've never been in anything like their situation, but I think I would welcome a financial gift like that. But I'm also sensitive that offering a financial gift like this can be damaging to the dignity of the proposed recipient. That's the last thing I'd want to do, and that's why I have qualms about it.

Once we can communicate directly with them, after expressing our love for them and our extreme relief that they survived, I plan to make it clear that we will offer any assistance they need. If they directly ask for financial help, that will make things easier. But something tells me they will not. If so, how do we approach a financial offer? Or do we?

As for general relief, we have and will continue to contribute money to relief organizations, and will try to find and contribute toorganizations that work in Dominica. But that's difficult, as many organizations don't provide specific information about what countries they work in. And those that we know more closely seem to be directing most of their aid stateside. As for US government aid, I'm not optimistic. When tropical storm Erika hit in 2015 and wiped two villages into the sea, killing many and making scores of families homeless, the US government provided about $10k of aid. Word on the street is that this is related to the fact that Dominica accepts aid from Venezuela, which the US doesn't care for. But as generous as Venezuela is, they're not exactly in the best shape to be offering aid to other countries now, though they still provide probably more than they can really afford.

Anyhow, I'd welcome concrete suggestions on how we should approach helping them. Do we directly offer financial help? How do we word it? Any other ideas on how we can help our dear friends?
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https://www.fatwallet.com/forums/finance/1586194 Thu, 21 Sep 2017 01:41:17 -0500
<![CDATA[Someone made a fake Equifax site. Then Equifax linked to it.]]> https://www.fatwallet.com/forums/finance/1586186

Rating: 4 Posted By: eddierd
Views: 611 Replies: 6

People create fake versions of big companies websites all the time, usually for phishing purposes. But the companies do not usually link to them by mistake. Equifax, however, did just that after Nick Sweeting, a software engineer, created an imitation of equifaxsecurity2017.com, Equifaxs page about the security breach that may have exposed 143 million Americans personal information. Several posts from the companys Twitter account directed consumers to Mr. Sweetings version, securityequifax2017.com. They were deleted after the mistake was publicized. By Wednesday evening, the Chrome, Firefox and Safari browsers had blacklisted Mr. Sweetings site, and he took it down. By that time, he said, it had received about 200,000 hits.

Continue on New York Times:https://www.nytimes.com/2017/09/20/business/equifax-fake-website...
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https://www.fatwallet.com/forums/finance/1586186 Wed, 20 Sep 2017 21:28:02 -0500
<![CDATA[Discover Cashback Checking rewards are changing]]> https://www.fatwallet.com/forums/finance/1586128

Rating: 3 Posted By: olegos
Views: 633 Replies: 4

Got a message in the Discover mobile app. The rewards of the checking account are changing from 10c for each check, bill pay, and debit card transaction to a flat 1% cash back on debit card purchases. It didn't give a date for the change.
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https://www.fatwallet.com/forums/finance/1586128 Wed, 20 Sep 2017 12:31:44 -0500
<![CDATA[Negotiating on Excessive-Seeming Lab Costs for Mole Analysis]]> https://www.fatwallet.com/forums/finance/1586117

Rating: 1 Posted By: ArmchairArchitect
Views: 878 Replies: 26

So my wife routinely goes to the dermatologist for mole removal and/or analysis. The dermatologist then sends the moles to a third-party lab (Penn Medicine in PA) to analyze the moles to make sure they're not cancerous. The lab results came back inconclusive on the first two moles sent to them, so my wife had to go back to the dermatologist and have two more moles removed and sent to the lab for a more detailed analysis.

All said and done, this routine lab analysis is going to end up costing us close to $1,000 out of pocket (after insurance discount), which seems very excessive for such a routine set of procedures. On average $250 per mole, with the more detailed analysis on the second set of moles costing more than the first set of moles. This is on top of what the dermatologist is charging (we're ok with the dermatologist's fees).

My question is, would it be worth the effort to negotiate with the lab (Penn Medicine) to reduce their fees? Is there anywhere I can look up the average cost of such analyses, so I have something concrete to point to and say your fees are excessive?

Thanks in advance.
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https://www.fatwallet.com/forums/finance/1586117 Wed, 20 Sep 2017 10:57:50 -0500
<![CDATA[Need Advice]]> https://www.fatwallet.com/forums/finance/1586113

Rating: 5 Posted By: MissyLouver
Views: 1457 Replies: 43

Hello,

I am new to this forum and I just needed some advice on my current financial situation.

I am currently working as a fulltime office manager and I only make (after taxes) $2,000 a month. I have two children a 2 year old and a 14 year old.
My rent is currently $1400 a month (I have looked for places that are less and they are usually deplorable or in neighborhoods that are not the safest. I live alone with two daughters. If it helps, I am in Plantation, FL so that you have an idea of what the rental cost is around here) and it takes 2 paychecks to pay it, I have a internet bill of $10 a month, car insurance of $190 a month, light bill of $200 a month and cell phone bill is $110.
I also have to put gas in the car and groceries for the children. I applied for foodstamps but they denied me as they say that I make too much money...smh.
Also, the youngest ones father pays for the sitter weekly and buys diapers, that is all that he contributes. The oldest ones father just gives her $20 here and there when he feels like it.
I seem to always end up negative at the end of the month.
I have been looking for additional employment and ways to make extra cash and I can't seem to figure this out.
I feel like I am drowning and I need to get out of this financial rut.
Any advice would be greatly appreciated as I have no idea what to do at this point.

(Hope that this makes sense, as I can't seem to get my thoughts together lately)
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https://www.fatwallet.com/forums/finance/1586113 Wed, 20 Sep 2017 09:36:59 -0500
<![CDATA[Credit pulls from new car (Jeep) purchase]]> https://www.fatwallet.com/forums/finance/1586058

Rating: 0 Posted By: JokerzWild
Views: 782 Replies: 24

Hey gang --
Girlfriend had the misfortune of having her car totaled in an accident (wasn't her fault, thankfully, but still a pain) and we are now going through the process of finding a new car.

She really likes the Jeep Grand Cherokee Laredo and we're going to different dealerships and they're all giving us "the best deal because they like us" (yawn!) and are surprisingly close in numbers. She's not sure if she'll lease or buy but one of the things that we are trying to figure out is when to run her credit to avoid the hard pulls?

If Jeep can offer better than her credit union or bank, we obviously want to go wherever the best deal is for the loan. Do they share the info with each other (or can they?) so they don't have to keep running her score? Trying to avoid as many hard pulls on her credit as possible.

Thanks in advance!

PS - If anyone knows anyone with a "real" FW deal on the Laredo, feel free to let me know, too! LOL
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https://www.fatwallet.com/forums/finance/1586058 Tue, 19 Sep 2017 22:04:23 -0500
<![CDATA[Fidelity now deleting external account links after 3 yrs]]> https://www.fatwallet.com/forums/finance/1586052

Rating: 3 Posted By: jwfatwallet
Views: 731 Replies: 1

I search this forum for info on Fidelity's new policy on external bank links and found this (slightly) old link:
https://www.fatwallet.com/forums/arcmessageview.php?catid=52&thr...

But here's a new twist from Fidelity. Undocumented on any Fidelity website and (at least for me)
without warning, Fidelity started deleting external account links that are 3 years or older.
When I called customer service, they couldn't tell me if it's 3 years or older of inactive links or links that are created 3 years or older
(probably the former). It's a real bummer to setup and verify links with Fidelity and then have them
deleted with no way to recover them (i.e. have to go through the verification process again).
And with no warning or no documentation on their website that this would happen just adds to
my frustration.


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https://www.fatwallet.com/forums/finance/1586052 Tue, 19 Sep 2017 21:09:40 -0500
<![CDATA[Geneva: 500 euro notes found flushed down toilets]]> https://www.fatwallet.com/forums/finance/1586050

Rating: 0 Posted By: nsdp
Views: 479 Replies: 4

http://www.bbc.co.uk/news/world-europe-41306934 Curiouser and curiouser Said Alice
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https://www.fatwallet.com/forums/finance/1586050 Tue, 19 Sep 2017 20:24:10 -0500
<![CDATA[Paying cash for major medical procedure not covered by insurance]]> https://www.fatwallet.com/forums/finance/1586044

Rating: 11 Posted By: magika
Views: 1540 Replies: 34

I'm going to be paying cash for a major surgery which is not covered by my insurance (weight loss surgery*). Total outlays look to be about $17k. I have the cash to pay for it outright, but I am considering ways to minimize my cost.

- Max out contributions to FSA (I have a normal health plan, no HSA access).
- I've been told my insurance may cover some pre-operative testing, but I have no way of knowing if there is anything I can do to increase the chances of that occurring. My insurance will not for any reason pay for the surgery itself.
- Getting a 0% medical credit card (CareCredit has promotions on this) and letting the cash earn a bit of interest?
- Writing off the medical expense on my taxes?
- I know there may be some negotiation room when you pay in cash for things like this, but I don't even know how to begin trying to negotiate with the surgeon's office.

Anything else come to mind for anyone? Interested in hearing from anyone who has paid cash for a uncovered procedure (even if not weight loss surgery).

*Before anyone says it because I know what type of responses are coming: Yes, FWF, I have tried just putting the fork down and not eating. And I lost a huge amount of weight! The problem is that the biggest loser effectis a real thing: when really obese people lose lots of weight, their metabolism is permanently damaged. There is strong medical evidence some types of weight loss surgery can have metabolic effects which would reverse this damage. I've only decided to do this after 10+ visits between my primary care provider and endocrinologist, both of who believe this is medically necessary. So please lets not turn this into a debate about the merits of weight loss surgery.
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https://www.fatwallet.com/forums/finance/1586044 Tue, 19 Sep 2017 18:27:21 -0500
<![CDATA[Wells Fargo "fake accounts" settlement.]]> https://www.fatwallet.com/forums/finance/1586012

Rating: 0 Posted By: george2001
Views: 538 Replies: 5

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https://www.fatwallet.com/forums/finance/1586012 Tue, 19 Sep 2017 14:41:02 -0500
<![CDATA[New Home construction financing?]]> https://www.fatwallet.com/forums/finance/1585995

Rating: 0 Posted By: letsspendlotsofmoney
Views: 531 Replies: 7

I am looking to building a new home and looking for financing ideas:
In 2012 I lost the home I built in 1999 to foreclosure 3500sq ft 40x60 pole barn on almost 10ac. I moved into a subdivision less than a 1/4 mile away into a nice home on a cookie cutter lot with a barely 2 car garage.
Recently my old neighbor next door the house and barn split off a 1.2ac parcel and Iam thinking about buying it and building a new home, modest 1500-1700 barn style home with an oversized garage 30x60

In 2014 I file for bankruptcy, my credit score is around 725 now but I think conventional financing is still a few years out.
My current home is worth about $225-230k after commissionswould net me about $210k -existing mortgage would leave me with about $175k

Years ago when I built my first home Charter One Bank had a "Home to Home" financing
they loaned me $125k to pay off my home, so they had first position on it,
gave me $75k to pay off the property
and gave me a $200k line of credit for construction cost.
All this was based on me qualifying for the End mortgage of $200k.
I built the house for $160k
sold my home for $150k
sold 1 acres split for $50k
When I was done and moved it I had a mortgage fro $150k left after selling my first home and 1 ac piece of property.

I would like to do something similar but can not find a lender that does new construction unless you are builder.

VALUE OWED EQUITY
CURRENT HOME 225000 36000 189000
NEW HOME 175000
LAND 30000
205000

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https://www.fatwallet.com/forums/finance/1585995 Tue, 19 Sep 2017 12:14:35 -0500
<![CDATA[Bank of America PREMIUM REWARDS Credit Card - $500 Sign up Bonus]]> https://www.fatwallet.com/forums/finance/1585974

Rating: 18 Posted By: meade18
Views: 2756 Replies: 34

https://secure.bankofamerica.com/applynow/welcome.go

  • Earn unlimited 2 pointsfor every $1 spent on travel and dining purchases.
  • Earn unlimited 1.5 pointsfor every $1 spent on all other purchases.
  • Receive 50,000 bonus points- a $500 value - after you make at least $3,000 in purchases the first 90 days of account opening.
  • No limit to the points you can earn and your points don't expire.
  • Flexibility to choose how to redeem your points - redeem for cash back as a statement credit, or as a deposit into eligible Bank of Americaor Merrill Lynchaccounts including checking, savings, and 529. You can also choose gift cards or use for purchases at the Bank of America Travel Center.
  • Get up to a $100 Airline Incidental Statement Credit annually for qualifying purchases such as seat upgrades, baggage fees, in-flight services, and airline lounge fees - automatically applied to your card statement.
  • Get up to a $100 Airport Security Statement Credit towards TSA Pre✓or Global Entry Application fee, every four years.
  • Travel Insurance protections to assist with trip delays, cancellations and interruptions, baggage delay inconvenience, lost luggage and emergency evacuation and transportation.
  • No foreign transaction fees.
  • Low $95 annual fee. (not waived first year)
  • Ellegible for Preferred Rewards bonus
  • A purchase that earns 100 base points will actually earn 125 (Gold), 150 (Platinum), or 175 points (Platinum Honors), based on your tier when the purchase posts to your account.
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https://www.fatwallet.com/forums/finance/1585974 Tue, 19 Sep 2017 10:32:25 -0500
<![CDATA[Old employer wants overpaid wages back]]> https://www.fatwallet.com/forums/finance/1585970

Rating: 0 Posted By: protomenace
Views: 1421 Replies: 29

I switched jobs earlier this year (near the end of May). My last day of working was several business days before the end of a pay cycle. My final paycheck still included my normal salary for the whole pay cycle. I didn't really think anything of it at the time, as the separation was amicable, and I was purchasing a home at the time so I had more pressing matters on my mind.

Fast forward to yesterday, I got a letter from my previous employer stating that they overpaid me and that my 2017 W-2 is not going to be accurate. They provide an amount I owe them and also a detailed breakdown of the overpayment on a separate sheet. There are actually two overpayment amounts - the one quoted on the letter is the lesser amount and it does not include my payroll deductions. The detailed breakdown includes the wages as well as all of the deductions (taxes, 401k, health benefits, etc) that were also taken from the paycheck. They are only asking me to return the portion of net wages I received after deductions. At a cursory glance, their math seems correct for all of this, based on the number of days that I did not work. The amount of overpayment in question is under $3000 gross, and under $2000 net (the actual amount they want me to pay).

I feel like they have basically done their due diligence here - all of the math seems correct and I can't really dispute the fact that I did not work the days they overpaid me for. However I am more worried about potential tax implications of this. How do I not get screwed over here? The letter claims that my W-2 will be corrected if I pay them back, but how can I be sure? Has anyone faced a similar situation to this? Is there any kind of statute of limitations on this kind of clawback? Since they are only asking for the net amount and not the gross, what does that mean for the taxes paid on my behalf for the overpaid amount? The 401K contribution?

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https://www.fatwallet.com/forums/finance/1585970 Tue, 19 Sep 2017 10:16:48 -0500
<![CDATA[FTC approves Walgreen's buyout of 2000 Rite Aid stores]]> https://www.fatwallet.com/forums/finance/1585969

Rating: 0 Posted By: krazyrph5007
Views: 762 Replies: 12

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https://www.fatwallet.com/forums/finance/1585969 Tue, 19 Sep 2017 10:15:22 -0500
<![CDATA[Men, are you married?]]> https://www.fatwallet.com/forums/finance/1585963

Rating: -3 Posted By: meade18
Views: 1615 Replies: 124

In order to avoid taking a thread (https://www.fatwallet.com/forums/finance/1585770) even further off topic with thediscussion I was having with rufflesinc, I decided to start a separate thread. In that thread, doveroftke posted about taking his daughter to the ER. In a reply, I referenced the decision making process I assumed doveroftke had with his wife prior to taking his daughter to the ER. Rufflesinc took exception to this comment because I assumed doveroftke was married.

Why did I assume he was married? Well, this is a finance forum and I was just playing the odds. I assume men that care about finance and making money are married. Why do I assume that? For one, because studies have shown that married men make more money than their single counterparts.* There's also the benefits for children raised in intact homes.** I just assume people that care about finance understand these basic truths and are more likely to follow them.

I'm not looking to start a debate. I'm just curious to see if a good chunk of men that regularly contribute to Fat Wallet's finance forum are married, and if that decision to get married was partly influenced by the fact that they would likely make more money. Were there any other financial considerations you took into account when deciding whether to get married? If you're young and single, do you plan on getting married to take advantage of this "benefit"?

Why am I asking men? Well, because when I google to find out if married women make more than single women, every result that comes up is about the gender pay gap and that is NOT the discussion I was going for! Feel free to contribute, ladies, I'm not excluding you. I am interested in your thoughts as well. But my general understanding about women's income is that it is more tied to whether they are a mother than whether they are married; whereas, there is not nearly the same effect for men when it comes to fatherhood. I'd love to see some statistics comparing the incomes of childless single men/women to childless married men/women (that isn't all about the gender pay gap) if anyone can find it.

*https://www.stlouisfed.org/publications/regional-economist/april-2002/for-love-or-money-why-married-men-make-more#figure1
**http://www.aei.org/wp-content/uploads/2014/10/IFS-ForRicherForPo...
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https://www.fatwallet.com/forums/finance/1585963 Tue, 19 Sep 2017 09:51:04 -0500
<![CDATA[I need advice. ]]> https://www.fatwallet.com/forums/finance/1585920

Rating: -9 Posted By: erinmccarthyriffic
Views: 825 Replies: 10

I'm in a rental car from Enterprise and since I'm on a debit card I'm the only one to drive it. I have insurance and I paid extra for Enterprise insurance just in case anything happened but if anyone else is driving I'd have to pay 1,000 deductible and just be screwed. So I've been driving this entire trip. My friend is with me and she smokes (not in car cuz I'd have to pay a fine if she did). Anyway I was in a parking lot and I'm parked next to this truck and me and my friends are getting in this car to leave and my friend opens the drivers side door to get to her pack of cigarettes and apparently the drivers side door hit his truck and he hears or sees it, I wasn't really paying attention cuz we where laughing about something. And he goes "Hey watch it!" He was really rude and I looked up noticing something was wrong and asked him he just glared at me and didn't answer. Then he walks over and starts taking pictures of my liscence plate. My friends asked him if we door dinged him cuz we really didn't know if we did, their didn't appear to be any damage to our door but his truck door was full of scrapes and dings already. And she said if we did then we have insurance and he replied very rude and mean saying no and just watch we're we are going next time. Well while he was driving off I took some pictures of his truck and liscense plate too. I'm just afraid that he's going to file a claim and say my friend was driving and I'd be stuck with 1,000 deductible and my insurance going up. Any advice will be greatly appreciated. Thanks.
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https://www.fatwallet.com/forums/finance/1585920 Mon, 18 Sep 2017 23:27:02 -0500
<![CDATA[Any website offering cashback on credit card application?]]> https://www.fatwallet.com/forums/finance/1585911

Rating: 0 Posted By: starcrossed
Views: 614 Replies: 4

In good old days, there were sites offering 100's of dollars in cashback for applying for credit cards through them essentially allowing you to double dip on signup bonuses.

Anything available now?

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https://www.fatwallet.com/forums/finance/1585911 Mon, 18 Sep 2017 20:46:27 -0500
<![CDATA[Anyone making a return on peer to peer lending Prosper Lending Club?]]> https://www.fatwallet.com/forums/finance/1585906

Rating: 0 Posted By: Transen12
Views: 925 Replies: 13

About 4 years ago I invested $5k in B and C rating with Prosper. Then I reinvested interest and principal payments to D rating and later to E rating. Everything seems good. My money grow. About a year and 6 months ago, I stop investing and start withdrawing. I kept loosing money every since. The total amount I earned in 4 years is $200. I am sure I will loose some money when all my fund liquidated. So it is an illusion that you make money when you reinvest everything.
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https://www.fatwallet.com/forums/finance/1585906 Mon, 18 Sep 2017 19:53:28 -0500
<![CDATA[Warren Buffett wins $1M bet made a decade ago that the S&P 500 stock index would outperform hedge funds]]> https://www.fatwallet.com/forums/finance/1585896

Rating: 21 Posted By: nomenclature
Views: 2052 Replies: 8

article:https://www.aei.org/publication/warren-buffett-wins-1m-bet-made-a-decade-ago-that-the-sp-500-stock-index-would-outperform-hedge-funds/

tl;dr - ~10 years ago Warren Buffet "offered to bet that over a ten-year period from January 1, 2008 to December 31, 2017, the S&P 500 index would outperform a portfolio of funds of hedge funds when performance is measured on a basis net of fees, costs and all expenses." Of "thousands of professional investment managers who have amassed staggering fortunes by touting their stock-selecting prowess, only one man Ted Seides stepped up to my challenge." Now "Buffetts index investment bet is so far ahead that Seides concedes the match, although it doesnt officially end until Dec. 31." "In conceding defeat, Seides said the high investor fees charged by hedge funds was a critical factor. Hedge funds tend to be a good deal for the people who run the funds, who pass on big bills to the investors." "A $100,000 investment at the beginning of 2008 would have more than doubled to about $208,000 at the end of August this year, compared to only about $142,000 invested in the average hedge fund."

Nothing groundbreaking for FWF but perhaps something to show the less financially-literate friends/family.
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https://www.fatwallet.com/forums/finance/1585896 Mon, 18 Sep 2017 17:59:08 -0500
<![CDATA[I have a tenant who is getting government housing, they've sent me a form called" SubstandardNon-Homless certification"]]> https://www.fatwallet.com/forums/finance/1585869

Rating: 0 Posted By: sdesable
Views: 1156 Replies: 19

I have a tenant getting government housing. They want me to fill out this form called Substandard Non Homeless Certification. What is it and will I get in trouble filling it out?
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https://www.fatwallet.com/forums/finance/1585869 Mon, 18 Sep 2017 14:00:54 -0500
<![CDATA['How Bank of America Ditched 1,597 Branches Across the U.S.' (WSJ)]]> https://www.fatwallet.com/forums/finance/1585868

Rating: 3 Posted By: tuphat
Views: 2306 Replies: 25

Somewhat interesting article, from the W5J (possible paywall): https://www.wsj.com/articles/how-bank-of-america-ditched-1-597-branches-across-the-u-s-1505646000
Excerpt:

The Charlotte, N.C., bank, the nations second largest lender, has gotten rid of around 1,600 branches since the financial crisis as it seeks to rekindle sagging profits and focus on major metropolitan areas. The reductions are roughly equivalent to shutting all the Citigroup Inc. and Capital One Financial Corp. outlets in the U.S.

The strategy would represent a stark change for any big lender, but it is a particularly striking departure for a bank built over decades on the idea of offering a coast-to-coast network in areas urban and rural. ...

In 2009, the bank had branches in 725 U.S. counties, roughly one out of every four nationwide. In 2016, it was in 253 fewer counties, according to a Wall Street Journal analysis of bank regulator data.

ETA: Some good reader comments, like this one, from a business owner: http://on.wsj.com/2hd0KAs
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https://www.fatwallet.com/forums/finance/1585868 Mon, 18 Sep 2017 13:59:47 -0500
<![CDATA[Property Tax question]]> https://www.fatwallet.com/forums/finance/1585865

Rating: 0 Posted By: konquistador
Views: 978 Replies: 16

Hi all, I was a first time home buyer when i purchased my home in Iowa. It was a brand new construction from a local Iowa builder(from Cedar Rapids) called Skogman homes. This is my situation:
I closed the home on August 1st 2016. Recently i received the property tax statement from the county that i owe taxes for Full Year 2016(comes out to $5000). So my question is shouldn't the builder pay the taxes for Jan2016 - July2016? I looked at my closing statement and looks like at the time of closing the builder gave me Property tax credit of just 500$. Unfortunately looks like the county did not appraise the home by the time of closing, so i think they just appraised the land, even though the home was built in late 2015. When i emailed the builders realtor about this, they are saying that since the county appraised the land+home during my 'OWNERSHIP' that i am responsible for the full year 2016 taxes, even though i took ownership only from Aug - 2016. Seems unfair to me, Anything i can do? Or just consider this back luck and pay? Obviously the realtor i was using was of no use. I think he should have caught this and advised me.
Please Advise.

Thanks,
Kon
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https://www.fatwallet.com/forums/finance/1585865 Mon, 18 Sep 2017 13:42:19 -0500
<![CDATA[Teenager and car insurance]]> https://www.fatwallet.com/forums/finance/1585820

Rating: 0 Posted By: lovethedeal
Views: 1091 Replies: 34

Good Morning-
I am hoping the finance gurus can offer me some advice (and please no criticizing of me still allowing her to drive, I am well aware of my stupidity). Long story short, my 16 year old got a car (we live a rural area with little public transport), as a single Mom of 2, it was important I had a second driver to help me out as well for her to get to events/school activities/transport her little brother. I work full time.

She totaled her first car 3 months after she got it. Her fault. She totaled the 2nd car a year later, her fault. First car accident, I had insurance forgiveness with Geico; I've been with them 20 years. Car insurance rates did not go up. 2nd accident car insurance doubled. It was a hit but she paid the difference. Now, a year after the 2nd accident and 2 years from the first, I have been looked at by underwriting and they are raising my rates again. Now they are almost 4x what they were. She will pay the difference again. Her current policy has no comprehensive/collision. She will be SOL if she totals this car.

She is now 18, working part-time, a high school senior with excellent grades, attending community college, which she has to drive to. She will graduate high school in May with almost an AA degree for free. (Clearly, I'm paying for it)

As a side note, I was in a car accident in March, rear-ended, not my fault. Car totaled. I was also in a minor fender bender, also not my fault, about 2 years ago. So between us, 4 accidents.

I was with Geico premier, only 5% of their customer base qualifies for that, so they tell me. Now they are moving me to Geico Indemity, the lowest tier.

Ideally, I would like to get her her own policy but it's more expensive without me on it. If I could find her a cheap, bare bones policy, that would be great, if someone has a suggestion or another company where the two of us of us could get a policy, I would be grateful.

Again, no face punches, I am already quite aware she shouldn't be driving. Just advice please.

Edit to add: She currently drives a 2006 Suzuki Aerio
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https://www.fatwallet.com/forums/finance/1585820 Mon, 18 Sep 2017 08:19:44 -0500
<![CDATA[Mobile desposit ]]> https://www.fatwallet.com/forums/finance/1585798

Rating: -2 Posted By: dorama58
Views: 634 Replies: 4

If I deposit my check through mobile banking on sunday what time will it post on Monday morning or night
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https://www.fatwallet.com/forums/finance/1585798 Mon, 18 Sep 2017 01:45:02 -0500
<![CDATA[Dispute ER medical billing (CPT) code]]> https://www.fatwallet.com/forums/finance/1585770

Rating: 1 Posted By: doveroftke
Views: 1251 Replies: 42

Has anyone attempted to dispute or request an adjustment to the billing code used by an ER physician?

My daughter went to the ER with a minor buckle fracture of her arm. The extent of the damage was clear from the x-ray, we saw the doctor for about 30 seconds, the nurse brought a brace, and we were on our way.

The bill we received has CPT code 99283, which is for an ER case of moderate complexity, expanded examination, expanded history, and moderately complex medical decisionmaking.

Based on the severity of the injury and the extent of the visit, I think this code overreaches. The less severe codes would more accurately capture the extent of the services provided.

Has anyone ever attempted to contest the specific code used? I'd be interested in your experiences.
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https://www.fatwallet.com/forums/finance/1585770 Sun, 17 Sep 2017 16:54:51 -0500
<![CDATA[Net Worth Calculation (Accrued Time Value)]]> https://www.fatwallet.com/forums/finance/1585749

Rating: 0 Posted By: WalletFatKing
Views: 1401 Replies: 29

I am updating my net worth calculations and have some questions of what can be and cannot be included in it.

Part -1

1. At my place of employment, I have accrued time (benefit) that's worth about $45k. It's earned time that was accumulated in the past. They hold 100% cash value and can be cashed when leaving the employer at thefinal pay rate. Should this amount be included in my net worth calculation?
Part -2
Numismatics I am referring to certified classic coins (1933 or older) that people collect NOT bullion. There are companies like PCGS and NGC that guarantee, authenticateand grade these coins and encapsulate them to be market acceptable and trad-able.There is an active market for those where auctions takes place almost every week. The market has been strong in the last several months.

If you had spent money to collect these coins (gold and silver classics) in the $100k range. I am in early 30s and I might hold it for another 25+yrs, unless my children show interest in them.

  1. Is it prudent to include your certified numismatic collection/s (fair value or say 75% of market price) in your net worth?
  2. Anybody have (or know of) if thesecertified numismatics collections be used as a collateral for any loans?
  3. If you are a collector, how to treat this asset? (I know its worth how much someone is willing it to buy it, but there is an active market, at least now.)


Thank you!
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https://www.fatwallet.com/forums/finance/1585749 Sun, 17 Sep 2017 12:22:30 -0500
<![CDATA[When to get pre approved]]> https://www.fatwallet.com/forums/finance/1585733

Rating: 0 Posted By: lilckate29
Views: 1030 Replies: 18

Starting to look at houses and after reading this forum for awhile, want to make sure my understanding is correct on this and there isn't anything I'm missing.

With pre approval letters only being valid for 30-90 days and it being a sellers market in my area (New York), we could get pre approved now and not find a house, sign a contract and lock in a rate for another year or so since inventory is low. With homeowners and realtors big on pre approvals,we could possibly have to renew our pre approval multiple times, digging our credit for then another hard pull to be done when we are ready to lock in a rate. I know multiple inquires are lumped together, but only if done within a short period of time (14-30 days). Since the process from pre approval to locking in a rate could take longer than that, is this my only option or is there something I'm missing?

We do have excellent credit (above 780) but still want to limit the number of inquires that would lower our score.
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https://www.fatwallet.com/forums/finance/1585733 Sun, 17 Sep 2017 09:03:35 -0500
<![CDATA[using flat rate tax in paypal checkout]]> https://www.fatwallet.com/forums/finance/1585674

Rating: 0 Posted By: mk1039
Views: 1108 Replies: 17

I am looking into using Paypal express checkout for my small website as a payment method. my question is, can i use a flat tax rate for all customer transactions legally. so basically behind the scene i will get the correct tax rate for each transaction while filing taxes and that means, for some transactions i might have to pay tax from my own pocket.

The reason i cannot charge the exact tax in paypal is that Paypal express checkout doesn't allow the amount to change (based on based on paypal customer shipping address) after they logon and confirm the payment....so that's why i have to pass/charge an estimated flat rate tax rate amount to the original shopping cart total.

Coming to my question, can i use flat rate tax on my web site legally for all transaction and for all customers in any US state? and/or whats the best way to handle it ....if someone has another idea.

Note: i don't want user to create profile on my website and store address and also i want to stick with paypal for now. i simply want to use paypal confirmed address.
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https://www.fatwallet.com/forums/finance/1585674 Sat, 16 Sep 2017 13:30:40 -0500
<![CDATA[Apple Watch 3 with MVNOs]]> https://www.fatwallet.com/forums/finance/1585624

Rating: 0 Posted By: ken82
Views: 2064 Replies: 28

AT&T, Sprint, Verizon and T-Mobile all plan to charge extra (usually $10 per month) for cell service on the LTE version of the Apple Watch 3. I'm willing to buy a new watch, but I'm not willing to buy one that comes with a $10 per month fee for as long as I own it. What approach will the MVNOs (mobile virtual network operators) take? I thought some people might find it useful to list the practices of the major MVNOs here once we find out what they are (both for activation fees and monthly fees).

I have Consumer Cellular, and when I called on Friday the 15th, the CSR had no idea. She first said it would be a $10 per month charge for adding an extra line, but she was under the impression the watch would have its own phone number. When I explained that wasn't the case, she then guessed that they wouldn't charge extra, but she was honest in saying she didn't know.

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https://www.fatwallet.com/forums/finance/1585624 Sat, 16 Sep 2017 07:50:48 -0500
<![CDATA[Activate Fourth Calendar Quarter Citi Dividebd Rewards]]> https://www.fatwallet.com/forums/finance/1585611

Rating: 2 Posted By: JW10
Views: 1229 Replies: 0

Earn 5% cash back when you use your Citi Dividend Card from October 1, 2017 through December 31, 2017 on:

Best Buy
Department Stores


Log into your Citi Dividend Rewards account.
Select Offers
Activate your 5% Dividend Rewards before you go shopping.
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https://www.fatwallet.com/forums/finance/1585611 Fri, 15 Sep 2017 20:43:05 -0500
<![CDATA[Can I open a Solo 401k?]]> https://www.fatwallet.com/forums/finance/1585542

Rating: 0 Posted By: nasheedb
Views: 1421 Replies: 9

I live overseas and earn a salary higher than the foreign income exclusion limit. My income is right around the 28% tax bracket. I will start working on a side-project for a US-based company on a 1099. I don't have an immediate need for any of the money that I will earn on the side. Can I open a solo 401k from Vanguard and deposit put 100% of my earnings there to avoid having to pay federal income taxes? I expect the amount earned in 2017 to be less than $18k.

My understanding is that when I file taxes, even though I don't owe federal income taxes, I will owe self-employment tax on the income. Is this correct?
I have a MI driver's license. Will I have to pay state income taxes to MI even though I don't live there?
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https://www.fatwallet.com/forums/finance/1585542 Fri, 15 Sep 2017 11:05:05 -0500
<![CDATA[I have one employee and I got him workers compensation for about $230 a month now I find out they are charging me $650]]> https://www.fatwallet.com/forums/finance/1585500

Rating: 0 Posted By: axdse
Views: 1871 Replies: 8

I have a LLC and one employee. I got him workers compensation insurance for about $230 a month from ADP. Now I find out they have increased it to $650 a month. ADP said there was a new law passed in 2017 that says all corporate officers must get insurance if they own 15% or less of LLC. That is why they are charging me $400 a month more. I own 50% of LLC, so this is over the 15% thresh .hold. Will ADP give me refund? What can I do? The LLC is in California.
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https://www.fatwallet.com/forums/finance/1585500 Fri, 15 Sep 2017 04:46:13 -0500
<![CDATA[How to manage inherited father's company and assets?]]> https://www.fatwallet.com/forums/finance/1585490

Rating: 0 Posted By: icareneeds
Views: 1382 Replies: 5

My father past away unexpectedly he has a business and a bunch of "toys" as he would say cars boats motorcycles. He's business model is very and I mean very unorganized. I don't know any of the people that work for him as we weren't close in his last few years. But I'm his only son. Where do I start and how do I protect everything. He hasn't even been burried yet and people have already stolen. I can't run the company as I leave in another state. But don't really want to close the doors. I don't know where to start.
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https://www.fatwallet.com/forums/finance/1585490 Fri, 15 Sep 2017 01:02:52 -0500
<![CDATA[Bitcoin]]> https://www.fatwallet.com/forums/finance/1585436

Rating: -7 Posted By: snnistle
Views: 1575 Replies: 38

Today, I see that Bitcoin is down to it's lowest value in months.
Right now, I'm wondering if it would be the right time to buy as much Bitcoin as possible.
Or, should I wait to see if it goes lower.
Last time I looked it was over $4,500.
Let me know if I should invest every last penny in Bitcoin.
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https://www.fatwallet.com/forums/finance/1585436 Thu, 14 Sep 2017 14:10:11 -0500
<![CDATA[ACTIVATE Fourth Quarter Chase Freedom 2017 quarterly 5% categories on Freedom website]]> https://www.fatwallet.com/forums/finance/1585396

Rating: 20 Posted By: JW10
Views: 3805 Replies: 27

Fourth Quarter Chase Freedom 2017 quarterly 5% categories on Freedom website
Department Stores
Walmart


Activation Link
https://creditcards.chase.com/freedom/activate
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https://www.fatwallet.com/forums/finance/1585396 Thu, 14 Sep 2017 10:55:55 -0500
<![CDATA[Unauthorized ach bounced my account ]]> https://www.fatwallet.com/forums/finance/1585358

Rating: 0 Posted By: sschalk
Views: 1372 Replies: 6

I had an unauthorized ach from THE PROFFESIONAL for 807.07 I never heard of this or authorized it I don't know how this happened?
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https://www.fatwallet.com/forums/finance/1585358 Thu, 14 Sep 2017 04:32:05 -0500
<![CDATA[Is it time to sign up for the Chase Southwest 110 CP deal again?]]> https://www.fatwallet.com/forums/finance/1585333

Rating: 0 Posted By: cameronj
Views: 1330 Replies: 6

I can't believe I'm confused about this, since I think I'm a smart person and have already done it once, but I still am uncertain.

18 months ago I signed up for the Plus Personal and Premier Business Chase SW cards. Got the 110k points and got the CP, and used it tons throughout 2016 and 2017. A year ago I closed the Personal account, but have kept using the Premier Business account to this day. I have 3 opened credit accounts in the past 24 months, so I am good as far as the Chase 5/24 rule goes. From what I understand, Chase is again offering the 60K bonus on all the 4 SW cards, but the offer only goes to October 4. So what I'm trying to figure out is the next step - (1) do I wait until Sept 30 to apply for two new cards? Since I already did the two I did, (2) do I now have to apply instead for the Plus Business and RR Premier Personal cards? (3) Is the goal then to spend more than 2K on each of those cards sometime during December so that the points hit the account in January 2018? (4) Is it important (helpful, necessary, not?) to move the payment date from whatever it is to 3 weeks later so that it is more certain that the points would hit in 2018?

Sorry for so many questions, but it seems like you kinda have one shot to get this right and the timing is very important. Any advice is appreciated!
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https://www.fatwallet.com/forums/finance/1585333 Wed, 13 Sep 2017 20:43:05 -0500
<![CDATA[Circuit Breaker Trip Causing Damage]]> https://www.fatwallet.com/forums/finance/1585310

Rating: -9 Posted By: zkreflex
Views: 2313 Replies: 68

Hi everyone,

I'm going to qualify this post by admitting that I know very little about electrical wiring. I have a Breville Smart Oven plugged into one of my kitchen outlets. This morning I turned it on to toast some bread and I heard a loud pop noise. Needless to say, the appliance is not working anymore. Three kitchen outlets were impacted in total, but no other appliances were killed. However, this appliance is relatively expense (~$200). I'm assuming that this is on me, but I just wanted to post and see if the apartment landlord has any liability for an incident like this. Would this possibly be covered by my renters insurance?

Thanks,
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https://www.fatwallet.com/forums/finance/1585310 Wed, 13 Sep 2017 17:48:40 -0500
<![CDATA[Free Equifax Credit Freeze Until October 11th]]> https://www.fatwallet.com/forums/finance/1585229

Rating: 1 Posted By: tuskers
Views: 3520 Replies: 34

Equifax is waiving credit freeze fees (usually $10+) done by October 11th

http://www.freeze.equifax.com/Freeze/jsp/SFF_PersonalIDInfo.jsp
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https://www.fatwallet.com/forums/finance/1585229 Wed, 13 Sep 2017 06:25:58 -0500
<![CDATA[Bond datasheet]]> https://www.fatwallet.com/forums/finance/1585188

Rating: 0 Posted By: EditCDC
Views: 1309 Replies: 5

Hello FWers,

I am a newbie, please go easy on my question.

I have come across below Bond datasheet, I would like to understand each column detail.. Can someone explain? TIA.
Avail Min. Qty CUSIP Description Step Schedule Coupon Detail Attributes Insurance Coupon Type Maturity Next Call YTW TEY YTM TEY Price Income Settlement Market
??? N/A 10 ??? >>>>>>>> N/A N/A SF, Taxable, XO, BABs N/A 8.42 Fixed 9/1/40 X 9/20@ 100 0.821 0.821 0.821 0.821 122.205 $5,894.00 14-Sep Secondary

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https://www.fatwallet.com/forums/finance/1585188 Tue, 12 Sep 2017 19:42:23 -0500
<![CDATA[Initial deposit via Amex - please recommend bank]]> https://www.fatwallet.com/forums/finance/1585109

Rating: 0 Posted By: vovito
Views: 1440 Replies: 10

I have just four days to spend $1000 on my Amex to get a sign-up bonus. I am thinking of opening a bank account and use the card for the initial deposit. Could someone please recommend a bank that would accept Amex for an initial deposit for $1000? Or are there any other liquid ways to use your credit card for the sign-up bonus?
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https://www.fatwallet.com/forums/finance/1585109 Tue, 12 Sep 2017 12:10:52 -0500
<![CDATA[Contractor Position with 1099 - Tax Questions]]> https://www.fatwallet.com/forums/finance/1585107

Rating: 0 Posted By: elfrozo
Views: 1365 Replies: 9

Greetings FW,

I recently got a job offer to provide services as an independent contractor where no tax will be withheld from my pay. I will be paid $75 an hour. The position ends around July 1, 2018

I also have a W2 job. I'm married filling jointlyand for the 2016 year our total income was around $134,000.

This new job requires about a 100 mile commute. I expect to go there 1-2 times a week. There is some flexibility to do some of the work from home. I'm expecting to put in about 15 hours a week or so between work at the location and at home.

Questions:
1. Is the commute I make to this position tax deductible? I know a regular work commute is not but am not sure if this is. If it is how do I record how many times I commute there for IRS records purposes? Note that on some days I will be taking vacation days off from my regular job to head out to this new job - not sure if that matters.
2.My wife and I share a car between us as we work at the same location but we were planning on purchasing a new car. With this new job, we will be moving ahead with the purchase sooner than later. Can I claim part of this purchase for tax purposes for this job?
3. I'm going to be making quarterly tax payments which is fine - I plan on paying $25 an hour (33%) in estimated tax to cover my liability in this area. I have an account set up as I recently had to make a payment due to gains from a stock I sold. Do I need to do anything else to ensure that I'm paying the necessary taxes on time?

Thanks for any assistance. This is my first 1099 type job as I've been a W2 salary worker for the last several years.

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https://www.fatwallet.com/forums/finance/1585107 Tue, 12 Sep 2017 11:55:00 -0500
<![CDATA[This man bought a $45,000 car on his credit card should you?]]> https://www.fatwallet.com/forums/finance/1585090

Rating: -8 Posted By: pxz05
Views: 3173 Replies: 59

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https://www.fatwallet.com/forums/finance/1585090 Tue, 12 Sep 2017 09:52:08 -0500
<![CDATA[Loophole in Home depot 11% price match, up to 100% back!]]> https://www.fatwallet.com/forums/finance/1585074

Rating: 2 Posted By: mastroadam
Views: 4401 Replies: 25

Found out through trial and error the minimum gift card value they send out is $1 no matter how little you spend. Must make purchases in store so scalability may be an issue.

http://www.homedepotrebates11percent.com/#/home

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https://www.fatwallet.com/forums/finance/1585074 Tue, 12 Sep 2017 08:38:20 -0500
<![CDATA[Best Securities-Based Lending or Portfolio Loan Account Providers?]]> https://www.fatwallet.com/forums/finance/1585037

Rating: 0 Posted By: caproperty
Views: 1175 Replies: 4

Does anyone know which bank gives the best rates for securities-based lending or portfolio loan accounts? I know both Wells Fargoand Morgan Stanleydo it. Preferably I'd like to use my assets currently in Vanguard as collateral.

I've had some friends do this and they were able to get extremely low rates (e.g. <2%). For the next couple years, I'll be in an artificially high tax bracket that'll incur significant capital gains hits if I liquidate my positions now. I'd prefer to take small loans (<10% of my portfolio) against those assets and pick a better time to sell in the future.

I'm open to other ideas too. I've considered a HELOC but those are much more expensive (~4%).

P.S. I posted previously about a similar idea but have yet to see a comprehensive list of providers w/ rates (https://www.fatwallet.com/forums/finance/1514066)
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https://www.fatwallet.com/forums/finance/1585037 Tue, 12 Sep 2017 00:33:42 -0500
<![CDATA[Sue Equifax in State Small Claims with a click or two]]> https://www.fatwallet.com/forums/finance/1585029

Rating: 6 Posted By: mikk1
Views: 5152 Replies: 23

I think I'm surprised that someone here didn't come up with this one:

The entrepreneur behind DoNotPay, a free online chatbot that has successfully fought around 375,000 parking tickets in New York, Seattle, and the U.K., is launching a new service on Tuesday that will allow people to sue Equifax for $15,000 in mere minutes.

https://finance.yahoo.com/news/new-website-lets-automatically-sue-equifax-click-214730288.html
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https://www.fatwallet.com/forums/finance/1585029 Mon, 11 Sep 2017 21:45:06 -0500
<![CDATA[Navy Fed. CU now Accepts all honorably discharged vets + family members]]> https://www.fatwallet.com/forums/finance/1585000

Rating: 11 Posted By: smokeycatrules
Views: 1792 Replies: 7

Navy Federal Credit Union made a nice change to their field of membership.
Veterans of the Armed Forces who were honorably discharged are now eligible to join the credit union.
Family members are also eligible to join.

https://www.navyfederal.org/

https://www.depositaccounts.com/blog/2017/02/military-veterans-family-members-eligible-join-navy-fed.html
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https://www.fatwallet.com/forums/finance/1585000 Mon, 11 Sep 2017 16:30:55 -0500
<![CDATA[Credit Card extended warranty]]> https://www.fatwallet.com/forums/finance/1584962

Rating: 0 Posted By: tantuti
Views: 1584 Replies: 17

How does those credit card extended warranty work?

Im planning to buy a new fridge. Plan to buy it with a credit card. How does those work? If there is a problem down the road, do I get it repaired and make a claim to the credit card?

the fridge comes with standard 1 yr warranty

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https://www.fatwallet.com/forums/finance/1584962 Mon, 11 Sep 2017 10:20:58 -0500
<![CDATA[Transfer of points from Chase Sapphire Visa to Chase Visa Freedom question]]> https://www.fatwallet.com/forums/finance/1584949

Rating: 0 Posted By: ToddC
Views: 1326 Replies: 4

I have some unused points with my Chase Sapphire Visa that I would like to transfer to Chase Visa Freedom and then redeem the total from Chase Visa Freedom. Does Chase allow such transfers of points?
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https://www.fatwallet.com/forums/finance/1584949 Mon, 11 Sep 2017 07:02:33 -0500