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[401K didn't rollover complete amount]]> https://www.fatwallet.com/forums/finance/1556596

Rating: 0 Posted By: thetoad
Views: 240 Replies: 6

So last summer I switched jobs and rolled over my 401k into my new employer's 401k. However, they didn't roll over the complete amount, (besides the fees I had to pay for the rollover), they left $8-$9 in the account. Which they now claim are not claimable by me as too little and will be consumes as fees.

how is this legal on their part? Its a relatively small amount, but pisses me off.
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https://www.fatwallet.com/forums/finance/1556596 Fri, 24 Feb 2017 18:42:43 -0600
<![CDATA[Christian Community Credit Union Offers $200 Bonus]]> https://www.fatwallet.com/forums/finance/1556595

Rating: 0 Posted By: leaguemastergamer
Views: 192 Replies: 2

So i recently drove around California and saw a new bank .. i did some research and this credit union offers a $200 bonus.. for opening a new account? I got on the phone with them because $200 does sound good and will pay off some of my bills... I'm skeptical if I should do it? Is there a catch? I never really go for bank bonuses because i feel like there's something more to it than the requirements.. anyone ever applied for a bank bonus and regretted it?

Here is the link to the actual offerhttps://www.mycccu.com/checking
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https://www.fatwallet.com/forums/finance/1556595 Fri, 24 Feb 2017 17:59:34 -0600
<![CDATA[First Bank Kansas $25 Bonus???]]> https://www.fatwallet.com/forums/finance/1556594

Rating: 0 Posted By: tatertotdeposits
Views: 142 Replies: 0

Hi guys - I stumbled across this today when I was searching up random things. My friends say this is a good way to get $25? Is that right?? I wanted to change banks and this seems pretty legit but what will they do with my old checks and debit card? Is this a scam? I want to open with this checking account so this free $25 seems too good to be true. Can someone help me with this? I love fatwallet and their deals and appreciate the comments from other readers

https://www.firstbankkansas.com/about/promotions/
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https://www.fatwallet.com/forums/finance/1556594 Fri, 24 Feb 2017 17:57:37 -0600
<![CDATA[Bank AmeriDeals (BoA)]]> https://www.fatwallet.com/forums/finance/1556586

Rating: 0 Posted By: NEDeals
Views: 239 Replies: 3


Bank of America's Bank AmeriDeals for their credit cards was never a major deal area, but once in a while they had some great ones, like significant bonuses for spending on T-Mobile, certain restaurants/hotels, etc. Then most of their bonuses shifted to earn 10% at a few merchants. Recently, they have dried up. I have had either none at all, or only a few (useless) bonus merchants: one for Hulu, and one for a local restaurant.

Has anyone else seen Bank AmeriDeals almost disappear? Perhaps they are analyzing my spending and I'm not using the card enough for them to offer deals. I'm curious what others' experiences are.
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https://www.fatwallet.com/forums/finance/1556586 Fri, 24 Feb 2017 17:17:11 -0600
<![CDATA[husband and wife LLC , disregarded entity MFJ?]]> https://www.fatwallet.com/forums/finance/1556558

Rating: 0 Posted By: rufflesinc
Views: 270 Replies: 3

Title has the question, can a LLC owned solely by husband and wife, who file their 1040 married jointly, be a disregarded entity and just put everything on 1040? Some googling says only if community property state, some says in all states. Anyone have experience?
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https://www.fatwallet.com/forums/finance/1556558 Fri, 24 Feb 2017 12:35:46 -0600
<![CDATA[Bankrate.com money market recommendations]]> https://www.fatwallet.com/forums/finance/1556557

Rating: 0 Posted By: RT55
Views: 203 Replies: 1

I've got a decent amount of savings and I'm not sure what I want to do with it yet. My everbank money market teaser rate just expired, and I want to move it to another money market account at a higher rate while I'm deciding.

http://www.bankrate.com/funnel/savings/savings-results.aspx?ic_i...

Are all of these accounts listed essentially ok? I was going to pick the one with the highest post teaser rate, that is electronic based and large enough so I don't have to deal with small institution hours. Recommendations welcome.

I'm also wondering if there are better vehicles for a temporary investment like this. I don't have a plan yet, it could easily be 6-12 months before I'm ready to make a move into a different investment. I've been waiting for the market to pull back for either a stock purchase or house purchase, perhaps a rental, but both are screaming higher right now and it feels like bubble territory. The housing market in my area is insane and influenced by Chinese cash buyers instigating bidding wars, waiving inspections, etc.
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https://www.fatwallet.com/forums/finance/1556557 Fri, 24 Feb 2017 12:28:36 -0600
<![CDATA[Composting for fun and profit ]]> https://www.fatwallet.com/forums/finance/1556555

Rating: 7 Posted By: oko
Views: 858 Replies: 25

We have been composting for a few years and I calculated that I saved a lot of money doing that. This is mainly for people living in a house though. This is how we save from composting:

1 - We reduced our trash bin to the smallest one (24 gallon). A few dollars per month savings.
2 - I got rid of my shredder since all to-be-shredded paper, including receipts, go to the compost. No more spending money on shredder (I got two shredders in the past several years, and bought of them went bad after 3-4 years).
3 - I no longer buy any fertilizer for the shrubs and trees. This is a saving about $20-$30 per year for us, of course depends on your yard size. I read somewhere that an inch of compost can feed a shrub for 30 years. I guess all the shrubs in our yard have enough compost for 90 years. Another advantage is I no longer have to carry 20-40 lb. fertilizer bag from HD or Lowes.

Of course composting requires initial investment, which was $100 (tubling composter) - $75 city rebate = $25 for us.

There are also environmental benefits, but I won't count those, since this is "Fatwallet Finance" forum, not "Fatwallet Green Living" forum .
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https://www.fatwallet.com/forums/finance/1556555 Fri, 24 Feb 2017 12:07:51 -0600
<![CDATA[How to deal with huge tax bill?]]> https://www.fatwallet.com/forums/finance/1556552

Rating: 4 Posted By: WesternDigital
Views: 1172 Replies: 25

The company I worked for many years is being sold this year. I have acquired sizable amount of companystocks over years.They all will be chased in one day, (which I never planned to do).It will be little over $200K in long term capital gains, which will push us in top most tax bracket andwe will end up paying huge income tax. Although I will have money to pay the tax,I am wondering if there is any why to invest money to reduce the tax bill?Wewill be puttingmax amount in my and wife's 401K.Any suggestion is welcome and thanks for your help.
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https://www.fatwallet.com/forums/finance/1556552 Fri, 24 Feb 2017 11:29:04 -0600
<![CDATA[Minimum property value for a HELOC]]> https://www.fatwallet.com/forums/finance/1556547

Rating: 1 Posted By: alamo11
Views: 254 Replies: 4

Asking for a friend:

What's the minimum property value for a HEL or HELOC? Would a bank give a HELOC on a property worth.. Say 50k?
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https://www.fatwallet.com/forums/finance/1556547 Fri, 24 Feb 2017 10:08:10 -0600
<![CDATA[Question: Witholdings and other tax tips]]> https://www.fatwallet.com/forums/finance/1556544

Rating: 1 Posted By: CrAsian
Views: 732 Replies: 25

This article is about a lady that works a minimum wage job and got back $5,600 as a tax refund.
Good for her for paying her rent and keeping a roof over her family's head, but...
Woman pays entire year's rent with tax refund

I am tax-stupid and wanted to better understand how not to give the government such a large, interest free loan myself. I usually don't get a large refund back but want to get it closer to zero or even owing some.
Is it as simple as properly tweaking withholdings via the W-4? If so, how...and any other (legal) tips/tricks people use?
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https://www.fatwallet.com/forums/finance/1556544 Fri, 24 Feb 2017 09:14:07 -0600
<![CDATA[P2P lender Prosper.com exit strategy now that Folio Investing Note Trader service has been shutdown]]> https://www.fatwallet.com/forums/finance/1556541

Rating: 2 Posted By: AccessGuy
Views: 470 Replies: 4

My wife and I each have an IRA with Prosper.com. I've been happy with Prosper and have added to it each year. I've never used the note trading part of Prosper, but I knew it was there if I ever needed it. Now that it has been shutdown, I'm concerned about an exit strategy when something should happen to us. I don't want my trustee to have to wait five years for all my loans to mature to be able to get to all the money. I've search the web, but I don't see anyone else asking this question. I would think it would be on a lot of people's minds. With no note trading option, how can someone liquidate their Prosper investment without waiting for all the loans to mature? Is your estate really going to have to sit around and wait for all your notes to mature to be able to get to all their inheritance.
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https://www.fatwallet.com/forums/finance/1556541 Fri, 24 Feb 2017 08:34:18 -0600
<![CDATA[PurePoint Financial online savings account @ 1.25% APY with a $10K minimum]]> https://www.fatwallet.com/forums/finance/1556443

Rating: 1 Posted By: ToddC
Views: 772 Replies: 19

PurePoint Financial is offering an online savings account @ 1.25% APY with a $10K minimum. Is this a teaser rate? I don't know if there is any maximum balance for this rate?
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https://www.fatwallet.com/forums/finance/1556443 Thu, 23 Feb 2017 14:08:36 -0600
<![CDATA[Landlord Google search tenant Surprise! Arrested/JailI]]> https://www.fatwallet.com/forums/finance/1556355

Rating: -17 Posted By: allowingtoo
Views: 1618 Replies: 29

Landlord Google search tenant Surprise! Arrested/Jail

I haven't seen this one here before but then I haven't really looked for it either. It took me totally by surprise when I happen to Google my property (rental) address a month or so ago and saw the husbands name of my renter show up in the arrest records online via the local newspaper arrest records. I don't read the paper every day and I certainly don't read that column. But he was arrested for possession.

Now the the back story is that they have been tenants since 2002 and have paid their rent on time every month since then. And I know that it's the wife that's the one responsible for paying the rent because she's the one with the full time job. He's worked part time but I wasn't aware until *this* just how bad the situation has gotten.

She comes by and pays the rent every month in person and we talk and honestly, we've never been asked to pay out upkeep on the unit except for the hot water heater and the air conditioner when it's gone out. We've replaced the roof and repainted when it needed it. So they've been almost the perfect renters.

I'm not looking for advice or anything. I do have it in the back of my mind that my address could be tied to his activities. They have 3 school age children though so I think he's just f*cked up. It's not her, I know that. She told me 2 months ago she was filing for divorce and then she took him back I guess. That's when I found all this out on Google. In my County/State you can look up court records. He was on probation so I signed up to be notified of any changes. Today they emailed and said he was back in jail on another charge.

I haven't said anything to her but this is a small town. I'll have to see what she says next month.

Anyway. My point is..if you are a Landlord, I would set up a Google alert for your address of your rental property address. That and / or your renters name in conjunction with the address.

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https://www.fatwallet.com/forums/finance/1556355 Wed, 22 Feb 2017 21:57:31 -0600
<![CDATA[How to raise capital for a Restaurant Business]]> https://www.fatwallet.com/forums/finance/1556325

Rating: 3 Posted By: Newyorker1905
Views: 1853 Replies: 51

My long time friend got laid off last month. He has been trying to get back on his feet but at the age of 45, it is difficult to find a good job. He is an excellent cook. I gave him the idea of starting a restaurant as he is really an awesome cook. It is truly his passion and his food is as tasty as it gets. At first, he didn't think he could pull it off but now he is at least considering it. Problem is, he doesn't have a lot of capital to cover the start up costs that will include leasing a place and decorating it etc.

Are there any Angel Investors or VC's that are open to supporting great chefs? Some quick google tells me investors are shy due to the high failure of new restaurants. That's why I don't want to encourage him any more without at least giving him some decent advice on how he can get help raising capital.

Thanks in advance for responses.
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https://www.fatwallet.com/forums/finance/1556325 Wed, 22 Feb 2017 19:44:20 -0600
<![CDATA[Need MAGI reduction because of IRMAA]]> https://www.fatwallet.com/forums/finance/1556303

Rating: -1 Posted By: shinobi1
Views: 850 Replies: 10

Just completed preliminary look at 2016 numbers. My MAGI just barely exceeds one of the IRMAA thresholds by X dollars. Because of this I will have to pay 10X extra dollars in IRMAA surcharges. This rather hurts. I wish these surcharges were on a sliding scale but they are not.

Anyway, the question:

Has anyone ever solved this by retroactively reducing prior-year income? I'm thinking in terms of retroactively declining or refusing income already received. The money would be returned, obviously, only request to payer being revision and reissue of income report to IRS. Of course any other method would get the job done too.

I cannot be the only one to have been ensnared by this trap. Has anyone ever found a way out of this dilemma? Would be most grateful for any suggestions or help, especially if you did a retroactive reduction successfully. Please share how you did it.

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https://www.fatwallet.com/forums/finance/1556303 Wed, 22 Feb 2017 16:33:46 -0600
<![CDATA[Insurance Denied Claim - CA Lawsuit]]> https://www.fatwallet.com/forums/finance/1556283

Rating: 1 Posted By: lotusgardener
Views: 1308 Replies: 26

Hey all,

Back in July, I got rear-ended, passenger in wife's car. Our insurance is only in wife's name. Lot's of back and forth between insurances, but today finally came the denial phone call from the other parties' insurance. Looking to see what my options are. Our medical bills were minor (~1k between us two and the kid), but my lost wages claim is sizeable. 20yo chick was driving the car, registered to daddy and I assume insurance in daddy's name too.

What are my options now?

Should uninsured coverage kick in for medical and/or lost wages and the deductible?
-or-
Is small claims the way to go? Limit in CA is $10k per personal suit, but can I sue daddy and daughter separately (so in effect $20k). I plan filing 3 (or 6) suits, one for each of us to recoup lost earnings, etc.

I'd like to see what the collective minds of FWF have to say. Thanks in advance.
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https://www.fatwallet.com/forums/finance/1556283 Wed, 22 Feb 2017 13:22:56 -0600
<![CDATA[Home owners insurance payout question]]> https://www.fatwallet.com/forums/finance/1556278

Rating: 0 Posted By: alayalee
Views: 631 Replies: 8

We recently had chimney a fire in our home. We own our home out right.We've never had to file a claim before so I'm hoping for some help.

The insurance company sent out their contractor to do an estimate. We also got our own estimates.

We got a copy of the estimate from the contractor and our insurance adjuster told us it's approved and they can start the work. My questions as are:

Can we ask for a payout? Is it too late? And is the payout going to be for the same amount on the estimate that they approved? Or will they try to give us less (even though they approved it)?

We did not sign an agreement to start any repairs yet.

We have some issues with the contractor after we asked him for a price on additional work, he gave us a price that was way too high compared to the other estimates we got. They are only fixing part of our roof around the chimney, we wanted the do the entire roof and were willing the pay the extra cost out of pocket. But we don't want to use him.
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https://www.fatwallet.com/forums/finance/1556278 Wed, 22 Feb 2017 13:00:16 -0600
<![CDATA[I Feel Stuck Financially]]> https://www.fatwallet.com/forums/finance/1556273

Rating: 9 Posted By: CeeJay24
Views: 3497 Replies: 59

This being my first FWF post, I'm not sure how to properly approach it... but I feel stuck financially.

I'm a 21yr old college student who isn't necessarily in a bad position, but would like to financially grow. I've saved up about $30,000 & have no expenses. I will graduate with only about 10k owed & will have a degree in Finance.
I never really "splurge" on shopping and stupid expenses. The most unnecessary thing I probably spend my money on is going out for food too much (which is never really expensive food). I've always held a job, but have gotten laid off in the last year and figured I'd take the opportunity to stack up on credits and finish school.

Out of the 30k I have, 20k of that is used in my stock portfolio and I casually day trade throughout the week. Sometimes I do well for the week and obviously sometimes I do poorly. I tend to go for the riskier investments just out of fun & adrenaline, more profitable, and I highly believe that I'm young and should be high risk (as long as its MANAGED risk).
In 2014 I launched a business which had more unprofitable weeks than profitable ones so as a result, I decided to close the business in 2016. Managing my business and also working full-time felt great, even if the business was a failure in the end - this might be because I felt productive and I was proud of myself for attempting something.

I'm always told that I shouldn't stress so much because I'm yet to graduate and "things take time" but I find it hard to accept. I feel as if I am not proactive enough with trying to make my money grow....or rather, I don't really know how to go about making it grow. I also feel like I am managing my money in a generally good way, but am not seeing anything in return. I really am not too fond of the idea that I'll have to wait for a job and build capital before investing to see a major difference. I just feel like I have a decent amount of money saved up for someone my age and I should be taking advantage of that now.


I guess my question is, are there any other methods besides the traditional stock investing or entrepreneurial business venture that you FWF pros would suggest if you were in my position? Sorry, I feel like I rambled all over the place.



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https://www.fatwallet.com/forums/finance/1556273 Wed, 22 Feb 2017 12:41:22 -0600
<![CDATA[When can I drop PMI (Private Mortgage Insurance) on a FHA loan]]> https://www.fatwallet.com/forums/finance/1556264

Rating: 0 Posted By: mdt23
Views: 548 Replies: 4

When can I drop my PMI on a FHA loan? I refinanced the loan in July 2012. The loan was taken out for around $206,000 and I have it paid down to about $182,000. The appraised value of the home at the time of the loan was $262,000 and there is no reason for me to think that it has gone down in that time (other than age). The neighborhood is still very good and home values in the area have not moved much that I am aware of.
In my searching online for an answer I have come across two different ways in which the PMI can be dropped.

The first one is when the amount due (182,000) drops below 78% of the value of the house. Going off that scenario the LTV (Loan To Value (262,000)) would be around 69%, well below the requirement.

The second one is when the amount due (182,000) drops below 78% of the original loan amount (206,000). With this scenario the percentage is 88%, which would not qualify.

My question is which is correct. I am nearing 5 years on the loan and I have not missed a single payment nor have I been late on a single payment, so the loan is in good standing. In fact I have been paying additional principal to the loan every month ranging from $300-$400 per month.

Any help would be appreciated.

Thanks
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https://www.fatwallet.com/forums/finance/1556264 Wed, 22 Feb 2017 11:16:10 -0600
<![CDATA[AAdvantage Dining - Earn AA miles without doing much]]> https://www.fatwallet.com/forums/finance/1556248

Rating: 0 Posted By: freejunkmail
Views: 582 Replies: 7

Just got an email to sign up for the AAdvantage Dining program.
https://aa.rewardsnetwork.com/

Now I just signed up yesterday and haven't earned any mile yet. But based on the information, it seems like I accumulate AA miles just by using the credit card registered in the program to pay in one of those restaurants. This can be any credit card, so I can continue to earn cashback rebate on my card. The miles are simply added bonuses.

At 5 miles per dollar, that's a lot of miles if you eat out as much as I do. Granted, the list of restaurants is limited to whoever participates in the program. But I already saw a few that I frequent on regular basis.

Does anyone have experience with this? Is there a trick? Please share.
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https://www.fatwallet.com/forums/finance/1556248 Wed, 22 Feb 2017 09:42:37 -0600
<![CDATA[Are Alliant CU ACH transfers slower via mobile?]]> https://www.fatwallet.com/forums/finance/1556178

Rating: 0 Posted By: randian
Views: 588 Replies: 5

Schedule an ACH transfer from my Alliant CU checking to another checking account of mine via their mobile app and the listed posting date is 10 calendar days awayDo it on their website and it says 1-2 business days.
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https://www.fatwallet.com/forums/finance/1556178 Tue, 21 Feb 2017 22:42:28 -0600
<![CDATA[HOA - innapropriate spending?]]> https://www.fatwallet.com/forums/finance/1556137

Rating: 19 Posted By: ikj2718
Views: 3421 Replies: 82

To start - I have a HOA. Yeah, I know they kind of suck. It is what it is. Eventually, I'll move and not have one.

Anyway, when reviewing the 2016 financial statement, I found a line item "donation in memory of past board member's mother"

Now, it wasn't a huge amount. But I thought it was really weird. We have an annual meeting next week, and I'm thinking of asking about this, but I also kind of feel like a jerk for doing so. It just seems inappropriate to me. Completely inappropriate. Our subdivision probably has 150-200 homes. It is nice to do things like that to help each other out, I just don't think it's the job of the HOA to do so. It seems weird. It also seemed odd because it was the only time I've seen something like this. So it's not just that they send flowers or something to people to help them get through a tough time (which I also think would be weird for a HOA to do) it's this one person. It just seems odd. Like maybe they should have taken up a collection among themselves or something for it? Granted, it wasn't a TON of money, it's the principle of the thing that bugs me. It seems very.. not appropriate is all I can think of.

Am I over reacting? Is this worth bringing up in the annual meeting? If so how do I do it and not seem like a jerk?

Sorry if this isn't the appropriate place - I wasn't sure where to ask this question.

Also this is in Ohio if that matters - but it's not really a legal question more of a - does this seem weird to anyone else and what would you do question?
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https://www.fatwallet.com/forums/finance/1556137 Tue, 21 Feb 2017 18:10:53 -0600
<![CDATA[Solar panel installation company is not honoring the warranty.]]> https://www.fatwallet.com/forums/finance/1556070

Rating: 5 Posted By: Michka
Views: 1909 Replies: 32

We have solar panels installed on our house. Some time ago we noticed several small leaks in the attic and in the room below (attic is finished so it wasnt visible at first).

Roofer confirmed (in writing) that the root cause of the leaks is the penetration points created the solar panels mounting hardware. The solar panels company is ignoring all my request to provide a warranty service.

The way I see it they have to remove the panels, I have to replace the roof (my cost I am not even trying to get anything from them although its clearly result the panels installed) and later they have to reinstall the panels using new mounting hardware (I think should be covered under the warranty). The vendor is flat out refusing any warranty service and ignoring any contacts.

Additional info:
This is a publicly traded company
The contact states that only arbitration is possible and I cannot sue them.
E-mail to CEO was routed back to the same low level project manager who is not doing anything.

I am looking into collective wisdom of what my options are.
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https://www.fatwallet.com/forums/finance/1556070 Tue, 21 Feb 2017 09:01:31 -0600
<![CDATA[Health insurance for sibling]]> https://www.fatwallet.com/forums/finance/1555985

Rating: 0 Posted By: monthendclose
Views: 1129 Replies: 14

Good evening.

I am in need of your opinions. My younger brother is 20 and a full time student. He has two jobs but they are both part time. One is Best Buy after school and the other is waitressing at night on saturdays and Sunday's. Neither job offers health for part time. I am an accountant and make about 50,000. I am 24 but he is not considered to the health insurance company at my work as my dependent even through he is my dependent on taxes. He lives with me (he pays about 30% of bills) and I pick up the rest. He has health ins through the affordable care act but I had to forgo claiming him this year because he would not qualify for the ACA if I did.

I am giving up about 3,000-4,000 in tax money by not claiming him. Does any know of any work around? Any ideas?
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https://www.fatwallet.com/forums/finance/1555985 Mon, 20 Feb 2017 19:25:16 -0600
<![CDATA[New baby coming - Dual Insurance blunder and ideas...]]> https://www.fatwallet.com/forums/finance/1555966

Rating: 0 Posted By: foglem
Views: 1511 Replies: 28

To start this thread, I've got a new kid on the way, due around April 1st (no, this is not april fools!!). I have a good job with a company I've been with a long time, they have great health coverage with a coupled HRA plan with infinite rollover and a nice balance. Wife and first kid are dependents on my plan. 80/20 split on most applicable charges for having a kid.

Last year my wife started a new job and they offer free health coverage for employee plus families; not knowing any better and not doing my due diligence I had her opt in to accept it. We are no where near open enrollment. 80/20 split on most applicable charges for having a kid. Due to birthdays, she comes before me and I believe her insurance is primary for the kids and her.

Fast forward to thinking about finances for the new baby I've realized I think I made a big mistake, her plan does not have a bundled HRA account with a balance and has a nice semi-high deductible at $3500 per person, $7000 per family.

My assumption is that I'm going to have to eat the deductible and 20% co-insurance portion of all charges on this. I expect the only action I could take would be:
a) She quits her job to get us out of their insurance with the hope of getting the job back after a standard 12 weeks or so.
b) We elect to drop her insurance as of the kids birthday; only changes charges as of that day forward, not before. I imagine delivery is the biggest charge and thats before...

Anything I'm missing? Options I should consider?
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https://www.fatwallet.com/forums/finance/1555966 Mon, 20 Feb 2017 16:17:56 -0600
<![CDATA[Seeking financial/debt advice]]> https://www.fatwallet.com/forums/finance/1555826

Rating: 5 Posted By: fellowhuman
Views: 2470 Replies: 23

Hello everyone, first time posting here. Thank you in advance for any advice or assistance you provide.

I am seeking some financial advice. I am married and have some debt, and am looking to make the best moves possible towards becoming debt free so my wife and I can pursue purchasing a home. We have no children and do not want them. Here's my current financial situation and the option(s) I have available to me.

My wife and I both work full time. Combined, we make around $55,000 a year. Not much, I know - but we're still young. We have 1 working vehicle that we still owe $4,000 on @ $250 per month. Side note: as I write this, it's February 2017. By the 1st of June 2017, we must have a 2nd reliable vehicle due to work requirements. Now onto the debt:

We currently have $11,000 of debt spread across 6 different accounts/creditors. Medical expenses, credit cards.
As previously mentioned, we still have $4,000 left on our vehicle loan.
Not an ideal scenario we've gotten ourselves in, but we pay everything on time every month.

Here's where I need some advice:

Should we attempt to acquire a consolidation loan for the $11,000? It would hopefully reduce our monthly outgoing and would be convenient to have only one bill to pay.

I am considering taking $7,000 out of my 401k. This would be as a loan from my employer that I would be paying back via an automatic deduction on my pay checks. I have been told that since this is basically a loan I'm taking out on myself and paying back, I will not have to report it on my taxes.

As previously stated, we require a second vehicle within 3 months. I am considering using the $7,000 from my 401k on a reliable vehicle.

What should I do? What's the best move, you know? Should I take $7,000 from my 401k and pay off the car I currently have and spend $3,000 on a semi-reliable car?

Should I take my $7,000 401k and put it all on my $11,000 debt pile? That would surely reduce my monthly outgoing, but I wouldn't have an option to purchase a second vehicle. I don't want to juggle $4,000 of acquired debt, a $4,000 remaining car loan, automatic deductions from my 401k loan AND THEN be looking at having to finance another vehicle.

Over the last 18 months my wife and I have developed very proper and disciplined spending habits. We do not spend frivolously anymore. We just need some advice on how to fix the previous damage.

Thank you all very much for reading and for any suggestions you may have, we truly appreciate you!

John

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https://www.fatwallet.com/forums/finance/1555826 Sun, 19 Feb 2017 18:55:40 -0600
<![CDATA[$200 for your first ever CapitalOne 360 moneymarket with $10K]]> https://www.fatwallet.com/forums/finance/1555823

Rating: 4 Posted By: tsanju
Views: 2551 Replies: 16

https://www.capitalone.com/bank/strong200/?external_id=360b_MM_DM_Strong200

With 360 Money Market, an online and mobile account from Capital One,
youll earn up to 1.00% Annual Percentage Yieldplus a $200 bonus.

Requires a minimum of $10,000 deposit
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https://www.fatwallet.com/forums/finance/1555823 Sun, 19 Feb 2017 16:59:24 -0600
<![CDATA[Tax credit for disabled child]]> https://www.fatwallet.com/forums/finance/1555805

Rating: 0 Posted By: fleetwoodmac
Views: 1008 Replies: 6

My son is 2 years old and diagnosed with global development delay when he was 9 months old. Since then he has been taking Physical Occupational and Speech Therapies each 3 times a week. Luckily my insurance covers it 100% and my out of pocket max for individual is $4K

So for the first $2,500 I am utilizing FSA and then between $2,5K and $4K I pay out of pocket and then it is free.

While I was filling out my taxes I came across to this question asking if anybody in my family is disabled or not. I read the IRS form that explains it but one thing it does not explain ishow one qualifies for disability at 2 years old. He can not walk or talk at this moment if it helps.

Also, even though IRS recognizes him as disabledwhat is the tax advantage hereif there is any?

Do we have to officially prove that child is disabled? Because there are degrees of disability.
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https://www.fatwallet.com/forums/finance/1555805 Sun, 19 Feb 2017 14:28:57 -0600
<![CDATA[Life Insurance with Savings - withdraw due to unemployment]]> https://www.fatwallet.com/forums/finance/1555787

Rating: 0 Posted By: legende
Views: 1074 Replies: 9

Hello. Was wondering what options I have. Am almost 48 yo with a wife and 2 teenage kids(one will be in college next Sept) and have a term life insurance with one of the major insurance companies that has a coverage of $516K and monthly rate of $180. The cash balance is around $45K. Right now, I don't pay the monthly premium of $180 and just let the the interest cover that. My unemployment just ran out in NJ and I'd like to start taking some or take the money out completely to cover my monthly mortgage payments until I find a job. I'd still like to get a cheaper insurance if possible after I take the money out so if anybody can offer any good life insurance companies out there. I really don't want to take anything from my 401K accounts yet. My wife is working but has financial commitments of her own. I'm a non smoker and in good health. What are my options?
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https://www.fatwallet.com/forums/finance/1555787 Sun, 19 Feb 2017 11:05:14 -0600
<![CDATA[Insurance]]> https://www.fatwallet.com/forums/finance/1555726

Rating: 0 Posted By: lodak008
Views: 1095 Replies: 6

guys - when a car is totaled and insurance pays out (weather damage and older car), are you required to sell the car or can you keep using it and keep the car on the same insurance policy too? It's definitely not unsafe to drive but it's such an old car that insurance is giving me the option to total it (a higher payout than if not)

Thx
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https://www.fatwallet.com/forums/finance/1555726 Sat, 18 Feb 2017 18:08:26 -0600
<![CDATA[Security deposit disagreement - What is the 'move out' date?]]> https://www.fatwallet.com/forums/finance/1555702

Rating: 3 Posted By: erhnam52
Views: 2505 Replies: 27

I was renting an apartment from a management company in Kansas. There was an amendment in my lease that allows me to break the least if I pay a fee and give 60 days notice.

I got a new job in a new city and decided to exercise this. I gave the 60 day notice to the company immediately. I was on the hook for the fee and the next 60 days of rent which I paid with no issues.

However, I moved out just two weeks after giving my 60 day notice. I had a move out inspection at that time (December) with the property manager and gave her my set of keys that day.

In Kansas my understanding is that they need to return the deposit along with a list of deductions within 30 days of the move out date. The management company is operating as if the move out date is in February (the end of the 60 day notice). I believe it should be the date I relinquished the keys and possession of the unit. Is this a grey area or is it clearly defined somewhere?

This has come up as an issue because today I received a letter from the management company with a few more deductions to my security deposit than what was initially written on my move out inspection I did with the property manager (deductions that I do not believe are valid...but that is another issue). I believe that since they did not get me the list of those deductions and my deposit within 30 days of me physically moving out and returning keys that I am owed the full deposit. I believe their response to this questioning will be my move-out date was actually in February (even though I had returned keys and vacated two months earlier).

Any thoughts? I'm hoping a few landlords here can chime in with their experience.
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https://www.fatwallet.com/forums/finance/1555702 Sat, 18 Feb 2017 11:46:51 -0600
<![CDATA[Bought a used car outright with CC over 2 months no charge. ]]> https://www.fatwallet.com/forums/finance/1555676

Rating: -1 Posted By: tomgoply79
Views: 1393 Replies: 9

My fianc's mother has really been helping us out recently, my old car broke down and to help me get something more reliable her mother helped us out. I go to a dealership and the guy seems like a legitimate nice old man (grandfather type very homely) turns out he's a scumbag who sells half broken cars. Well now my future mother inlaw says that there's still not charge after two statements. I was wondering if we should keep quiet and wondering if there's a legal time limit on how long this car dealer can wait to charge or if he can charge it between now or a year from now. I've never dealt with this before and I don't want to believe that I got a free car but as of right now it seems I might have a free car?
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https://www.fatwallet.com/forums/finance/1555676 Sat, 18 Feb 2017 06:42:07 -0600
<![CDATA[bank rate sucks now]]> https://www.fatwallet.com/forums/finance/1555657

Rating: 0 Posted By: monohydr4te
Views: 1487 Replies: 7

Back in 2007 I used to use Bank Rate to find what checking account paid the highest APY. It had hundreds of banks and credit unions and ranked them by APY. Now I search and there are only two results and they have a disclaimer stating they are sponsored results. What the heck happened?

I like to check every now and then and shop around for checking account interest rates. I use Alliant which looks like it's still decent

Some alternatives it looks like:

https://www.depositaccounts.com/

https://www.nerdwallet.com
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https://www.fatwallet.com/forums/finance/1555657 Fri, 17 Feb 2017 21:50:50 -0600
<![CDATA[ Has the gift card buying loophole to qualify for Am Ex incidental airline fees reimbursement been closed?]]> https://www.fatwallet.com/forums/finance/1555620

Rating: 0 Posted By: anticashcow
Views: 1449 Replies: 11

Last year (Jan 2016) I was able to get the $100 incidental reimbursed within days of buying an Amazon giving gift card through the MileagePlus X app. I chose United Airlines as my airline of choice. This year past month I made the same charge. Charge posted as"MPX*Amazon.COM 1-800-421-4655 TX"just as it did last year. Its been a month and my statement has closed but yet to get the reimbursement. I am reluctant to call so as not to raise any flags. Anyone else having the same problem? I have the American Express Premier rewards Card with annual fee.
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https://www.fatwallet.com/forums/finance/1555620 Fri, 17 Feb 2017 18:03:12 -0600
<![CDATA[Visa giftcard issuing bank question]]> https://www.fatwallet.com/forums/finance/1555601

Rating: 0 Posted By: Hadrianus
Views: 1099 Replies: 3

Does anyone know what bank issues Visa giftcards sold by giftcards.com? I am looking for an issuing bank other than Metabank. I understand some merchants do not accept Visa giftcards issued by Metabank. Is this true?
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https://www.fatwallet.com/forums/finance/1555601 Fri, 17 Feb 2017 14:37:45 -0600
<![CDATA[Rent checks late or disappears for 2.5 months. Alternatives please]]> https://www.fatwallet.com/forums/finance/1555497

Rating: 2 Posted By: tightpapa
Views: 3697 Replies: 59

Landlord here just received a rental money order 12 days late... an 2.5 months ago another tenant sent check that just got returned to tenants - stamped as not deliverable. They sent pic and it has the correct address and I can clearly see the stamp etc.

The mail is failing me. Is there any other delivery methods? I have considered getting an account that they can deposit directly into but I am afraid of what someone could do to that. There is Paypal, but they charge.

Any ideas?
edit: forgot - 4 months ago rent from another tenant was ripped open and the check was hanging out the bottom of envelope. Probably the machine ripped it.
Plus none of these people have been late in the past.
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https://www.fatwallet.com/forums/finance/1555497 Thu, 16 Feb 2017 19:08:52 -0600
<![CDATA[Added my own Social Security Number to an Authorized User account]]> https://www.fatwallet.com/forums/finance/1555474

Rating: 1 Posted By: ToddC
Views: 1791 Replies: 10

Previously, I had received email from AmEx to provide social security number for an authorized user "A" I had added to my account over the phone but I was not asked for A's SSN at that time(asked for name and relationship only). I never followed up on that email; however, when I upgraded my card I received a new card for "A" too. In the process of confirming the new card for "A" over the phone (not a live customer service rep but an interactive voice) I was asked for SSN. I inadvertently entered my own SSN and the interactive (automated) voice said, "Thank you, the SSN has been updated!" Should I be concerned about this since my SSN is now associated with "A"? Should I call them to remove that piece of information or just let it go?
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https://www.fatwallet.com/forums/finance/1555474 Thu, 16 Feb 2017 15:22:56 -0600
<![CDATA[is it worth balance transferring student loans?]]> https://www.fatwallet.com/forums/finance/1555373

Rating: 0 Posted By: zariyans
Views: 1610 Replies: 12

Hi,

I'm 25 years old, with a take home pay of $4200 a month.

I'm deciding weather or not if I should balance transfer my student loans.

My outstanding debt:

$3,000 at 5%
$6,700 at 4.4%
$2000 at 4.25%

Chase Slate has 0% APR for 15 months and 0% balance transfer fee
Discover IT has 0% APR for 21 months and 3% balance transfer fee.

Is it worth me to balance transfer at least a portion perhaps $3000 or whatever much I get approved for?

and if so would the chase slate card be better?

I will most likely just cancel the card after I pay it off, since it has no other benefit.
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https://www.fatwallet.com/forums/finance/1555373 Wed, 15 Feb 2017 19:58:09 -0600
<![CDATA[How often do you request "compensation" for unsatisfying service, etc.?]]> https://www.fatwallet.com/forums/finance/1555318

Rating: 5 Posted By: marginoferror
Views: 4616 Replies: 61

It's big in the airline industry, but I haven't seen this come up with other industries (except maybe restaurants). Let's leave the travel-related compensation requests to FT, but I was curious how often other people request compensation (coupon, reduced charge, full comps) when something doesn't go right with an order.

What factors play into your decision of whether to seek compensation? (e.g. cost, whether you deal with the company on a regular basis, perceived level of injustice, ease of requesting compensation, etc.)

How do you go about doing it? Do you email the company, call them, message their twitter account, dispute the charge with your credit card company? If the issue happened in person, do you try to get them to resolve it right there?

How successful are you in getting something? If you do get something, are you generally happy about the result?

What made me think of this is I ordered from Grubhub and the restaurant was supposed to deliver by 10 PM. At 10:30 they weren't there yet and they weren't answering their phone. I begrudgingly through what I had left in the fridge into a poor dinner and went to sleep at 11. At 11:15 they rang the doorbell with the food, which I took. I contacted Grubhub the next day asking for a refund (which I thought was fair) and they proceeded to tell me that since the food was in fact delivered they could not refund me, but they could offer my 10% off my next meal from them. They sent me a coupon which expired very quickly (don't remember the exact timing). I proceeded to dispute with my credit card company which permanently took the charge off immediately. I do not like when they do that - I want them to go back to the merchant and get the money back from them instead of eating the charge themselves, but I guess I got what I want in the end.
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https://www.fatwallet.com/forums/finance/1555318 Wed, 15 Feb 2017 15:08:52 -0600
<![CDATA[Should I terminate lease or try to re-rent my unit?]]> https://www.fatwallet.com/forums/finance/1555310

Rating: 0 Posted By: MrSamsung
Views: 1485 Replies: 9

I am in CA, and currently renting a place from a sibling (my mistake #1), and it was for a year lease. The rent is market rate, so we didn't get any family discount or anything like that. We have a formal agreement in place. I ended up replacing some broken fixtures (they paid for them, I installed them), and we've been there for about six months. There have been some minor issues like the toilet running more than it should, but the biggest one is a roof leak. I have two young kids at home and the rainy season is upon us. The ceiling has a dark brown tarish looking spots and the landlord said there's a leak. The roof is supposed to be covered by the HOA, so the landlord put some plastic bins in the attic to catch water in the mean time. It's been over a month since we reported the issue and it hasn't been fixed yet, as they are waiting to see if the HOA will cover it. IMO they should fix it first, then seek reimbursement later, if that's something the HOA will even cover.

We are in the process of closing a home and I told the landlord I was intending to move out. The only response I got was an acknowledgement and that I was responsible for rent for the duration of the lease, if they can't find a renter in the meantime. Rents have been going down a bit in the area and it would be hard IMO for them to re-rent to someone else. They also hate the thought of strangers living in their home, hence renting the property to me, so I don't know how much effort they will put (I know they are required to put _some_ effort in order to charge me rent). I know I am liable for the rent per the contract, but they should also be liable for maintaining the property.

I was pretty shocked as we used to be close when we were younger, but I suppose money changes people. They already own the property and carrying costs are less than half of what I pay in rent. I tried calling the landlord but they are ignoring my calls. I got one of our parents involved to see if they can help diffuse the situation, but in case that doesn't work, what should I do?

I initially planned to try hard to re-rent the place, but given the landlord's response, they want to play hard ball, so I guess that's what I have to do. I was thinking about just terminating the lease due to the roof leak, then moving out and ending it there. Any further compensation they'd want we'd essentially go to small claims/court. Thoughts?
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https://www.fatwallet.com/forums/finance/1555310 Wed, 15 Feb 2017 14:27:37 -0600
<![CDATA[Roth IRA contribution wrong year question]]> https://www.fatwallet.com/forums/finance/1555306

Rating: 0 Posted By: slavik
Views: 1404 Replies: 2

I made a roth IRA contribution in march 2016 to wealthfront. Meant for it to be a 2015 contribution but I found out recently that I selected the wrong year and it counted as a 2016 contribution. I do not have the right with the IRS rules to make a 2016 contribution, only a 2015.

Is there anyway to submit a form to the IRS to fix this banking error on my end? If not, do I have to get the contribution re-characterized? Any other solution to this?
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https://www.fatwallet.com/forums/finance/1555306 Wed, 15 Feb 2017 14:00:17 -0600
<![CDATA[I let my whole life policy lapse... What to do? ]]> https://www.fatwallet.com/forums/finance/1555302

Rating: 1 Posted By: letsspendlotsofmoney
Views: 1935 Replies: 11

I had a whole life policy that I purchased in 1990 when my first child was born and I paid on it up until 2008 when I was laid off for 2 years and went through tough financial times.
Originally I was told that after about 8 years of paying in there would be enough dividends to cover the insurance amount of about $50k. So when I quit paying I assumed the insurance would still be in effect.

I called to today to find that the dividends have been paying for term life that will expire in 2034 for a total amount of coverage or $78k if something were to happen to me. Kinda good to know I have something.
I was also informed that there is a cash value of $14k if I chose that route.

I am approaching 50 years old so I am thinking the coverage till 2034 would cover me and my family.

Family wise it is me and my 15 year old daughter at home, and three adult children ages 23,24 and 26 with the 23 and 24 year old still living at home.

I currently have a live in girlfriend and her 12yr old son living with me, things are sometimes rocky and marriage any time soon won't probably happen.

I know I have enough assets 401k and IRA to take care of my daughter if something were to happen between now and her finishing college.

If something were to happen I guessing the kids would kick my GF to the curb and she would have to fend for herself and son, we've been dating for 3 years and lived together for 2 of them.


Would it make any sense to take the $14k and use it to buy my own term life? I am almost 50 and over weight with sleep apnea which would make getting insurance difficult.

Any thoughts would be appreciated... Thanks.
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https://www.fatwallet.com/forums/finance/1555302 Wed, 15 Feb 2017 13:48:27 -0600
<![CDATA[Surrender whole life policy or pay its loan?]]> https://www.fatwallet.com/forums/finance/1555262

Rating: 0 Posted By: abdomega1
Views: 1514 Replies: 12

Hello,

I have a whole life policy through Northwestern Mutual with base coverage of $125k and after paid up additions totals $301,762.00 in death benefit. However, I took a loan out a few years ago to pay for school in the amount of $40,000 which has accrued interest and now totals $41,605.13. The total cash value is $65,533.80 and net cash value is $23,928.67. The policy pays dividends in the amount of about $2,100 per year but that's not enough to pay the premium and the loan, so I've been paying the premium in the amount of $831.25 every year and using the dividends to pay theloan'sinterest.

Here's the question, my wife and I are paying down student loan debt and organizing our finances, do we surrender the whole life policy now and start paying for a term policy for the next 20 years and contributing more to retirement now OR keep the policy and try to pay down the loan and possibly surrender the cash after the loan is paid off or just keep it all together?

We anticipate being debt free in about 1.5 years (save for mortgage on our house and our rental property). We will also be paying a significant portion of our income to child care for the next 2-3 years.

Thanks
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https://www.fatwallet.com/forums/finance/1555262 Wed, 15 Feb 2017 08:04:23 -0600
<![CDATA[On topic of ACA: Line 61 is now optional]]> https://www.fatwallet.com/forums/finance/1555260

Rating: 9 Posted By: shinobi1
Views: 4147 Replies: 62

Title says it all:

End of Obamacare?
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https://www.fatwallet.com/forums/finance/1555260 Wed, 15 Feb 2017 07:36:09 -0600
<![CDATA[Maryland Pension Exclusion Tax question]]> https://www.fatwallet.com/forums/finance/1555258

Rating: 0 Posted By: nagemnna2
Views: 1165 Replies: 1

Good Morning,

Shot in the dark if anyone can help. This is regarding the Maryland Pension Exclusion (line 10 on the MD 502 under Subtractions from Income).
Does anyone know if a distribution from a 401k (part of a pension) can be used or not? The instructions for the 502R include it (chart at the bottom of http://forms.marylandtaxes.com/16_forms/502R.pdf)

I called the state's help line twice, and got different answers both times. One lady said the 401k can be used, the other said it could not.

http://taxes.marylandtaxes.com/Individual_Taxes/Individual_Tax_T...
This subtraction applies only if:

  1. You were 65 or older or totally disabled, or your spouse was totally disabled, on the last day of the tax year; and
  2. You included on your federal return income received as a pension, annuity or endowment from an "employee retirement system." A traditional IRA, a Roth IRA, a simplified employee plan (SEP), a Keogh Plan or an ineligible deferred compensation plan does not qualify.



Thanks!
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https://www.fatwallet.com/forums/finance/1555258 Wed, 15 Feb 2017 07:10:39 -0600
<![CDATA[Homeowners insurance claim and depreciation ]]> https://www.fatwallet.com/forums/finance/1555181

Rating: 0 Posted By: ClaimsGuy
Views: 1488 Replies: 6

I had a covered property damage homeowners claim. The damages estimate is for approximately $8,000. Less depreciation of $1,500 and my $1,000 deductible, the insurance company sent me a check for $5,500. My mortgage company will sign the check and does not require any additional proof since it is below their threshold. I have found a contractor to do the repair work for a total of $4,000. Can I still recover the depreciation which has been held back? If so, what documents do I provide the insurance company?
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https://www.fatwallet.com/forums/finance/1555181 Tue, 14 Feb 2017 18:02:22 -0600
<![CDATA[Selling Airline Miles]]> https://www.fatwallet.com/forums/finance/1555180

Rating: 2 Posted By: margolis
Views: 4183 Replies: 96

Have any of you had experience selling airline miles to companies like cashformymiles.com; sellmileage.com; flipmymiles.com? If so, what were your experiences?
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https://www.fatwallet.com/forums/finance/1555180 Tue, 14 Feb 2017 17:50:24 -0600
<![CDATA[USAA 2.5% Cashback Card Application Eligibility]]> https://www.fatwallet.com/forums/finance/1555174

Rating: 0 Posted By: bandyopa
Views: 1701 Replies: 6

What are the eligibility requirement to open a new banking relationship with USAA? I am interested in applying for the 2.5% cashback card. But the eligibility requirements are not clear from the site:

https://www.usaa.com/inet/wc/banking_credit_cards_main?wa_ref=pu...

Any feedback? Many thanks.
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https://www.fatwallet.com/forums/finance/1555174 Tue, 14 Feb 2017 17:23:22 -0600
<![CDATA[So, About My Debts - Consolidation or Settlement?]]> https://www.fatwallet.com/forums/finance/1555170

Rating: -1 Posted By: Haley_44
Views: 1436 Replies: 8

Hey Fat Wallet users! Long-time lurker (shoutout to the savings I've made in the FAQ post. That thing has been a - literal - gold mine for me over the years), and first time poster.

I was originally going to include this in the mega post, but thought it might work better as a standalone post. Mods, just let me know if this is ok!

So, here's my current scenario:
I read an article on Fox Business recently that says the first step in the 'debt-free' process is facing up to your debts, adding it all up, and finding out just how far underwater you actually are. Fun! So, without without any further delays, this is where I am at the moment:

Credit Card #1: $8,000 @ 13.99%. Due June, 2018.
Personal Loan #1: (Car repairs. Don't ask. That's another - depressing - story...): $4,000 @ 11.50%. Due September 2018.
Personal Loan #2: $750 @ 10.5%. Due December 2017.

So, that's my current situation. What I would lovehelp with is...where to from here?

Don't worry, I have done research! At the moment I'm weighing up between Settlement or Debt Consolidation. I just can't really decide which is best for me with my current finances. Posts I've read like this one ( https://nzcubaywide.co.nz/info/blog/struggling-with-debt-3-proven-ways-to-take-action-today/ ) mention Settlement being reserved for those who are in pretty deep, but I'm not sure how 'deep' that actually has to be. Does that apply to me? Is Consolidation better? A third option I'm missing completely? I'd considered the so-called 'Debt Snowball' method, but just ended up confused by how all...that...works.

Anyways, I'd love any input on this or ideas from the community (or other resources I should check out). I'm hoping to start taking action on this fairly soon, so any thoughts would be great.

Thanks!

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https://www.fatwallet.com/forums/finance/1555170 Tue, 14 Feb 2017 17:05:51 -0600
<![CDATA[LuLaRoe controlling entire transaction process]]> https://www.fatwallet.com/forums/finance/1555167

Rating: 1 Posted By: walletsr
Views: 2722 Replies: 30

My wife has been a LuLaRoe consultant for about a year. Recently I started to look over the letters she has been receiving from them to see why there has been an influx in mail from LuLaRoe.

One conversation I had with her recently was around them controlling and dictating total transaction. What I mean is that she takes someone's credit card and puts it online so that it can be processed through their payment system. They also charge a transaction fee which is higher than square or other POS readers. It seems weird to me that you pay this company for her inventory upfront then they control transactions and then send you the payment all from their accounts. it seems like they would be able to capitalize on the cash they are processing and leverage it for their gain.

Two weeks ago they then sent out communication saying they would be providing consultants with credit card readers. It turns out that these readers are basically a square knock off controlled by LuLaRoe. On top of that it's only able to be used on iOS systems and not Android so they informed my wife she could get an iPad or iPhone....

Today we received a letter stating that she had been signed up to receive her payments that they transact to a new LuLaRoe debit card which they partnered with metabank in order to provide consultants an easier way to manage their finances..... We already had our money going to an independent bank account which we were utilizing for only the business. The letter denoted if you want your funds transferred to your chosen account it is a 1$ fee. presently reviewing the transactions they process them on a daily basis. The logical thing to do if they are charged transaction fees to transfer cash to consultants would be to pay out once a week. the weird thing to me is that now they get your money when you buy inventory and hold it until you spend somewhere else... It seems beyond shady to me.
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https://www.fatwallet.com/forums/finance/1555167 Tue, 14 Feb 2017 16:29:12 -0600