Business & Finance - 13 November 2007

I loaned a friend $13,500 to buy a motorcycle. $8,500 was done through financing through HSBC, I put $3,000 of the amount on a credit card, and I added $1,800 in a cashier's check. He hasn't made a payment in 30 days, and the original interest rate of 5% is going up to 17%. If I have a promissory note (which he signed) stating that he is to pay me $500 each month, will that help me if I have to go to court?

2007-11-13 08:46:50 · 13 answers · asked by spearteach 1 in Credit

2007-11-13 08:44:47 · 3 answers · asked by Anonymous in Renting & Real Estate

Say you were a dog-walker or solo interior decorator, paid in cash by your clients. How would you go about finding out if and how the IRS expects to be paid?

2007-11-13 08:37:10 · 8 answers · asked by Anonymous in United States

If we bought the house this year and then refinanced within the year (for a rate reduction only); do we get to use both settlement figures for the tax deductions? I know there are certain allowable deductions when purchasing or refinancing -- but can they both be used in same year's taxes?

2007-11-13 08:36:39 · 3 answers · asked by Goddess 5 in United States

My boyfriend, his mom and I rented out a newly remodeled house back in the end of May 2007. The lease will end May 31, 2008. However, since moving in, we have discovered that the landlord does not have the proper permits that would have allowed her to remodel the house. She didn't get any for the kitchen, bathrooms and some of the electrical wiring. Because of this, several times we have had inspectors come to check out the property. In order for them to check out the wiring, they would need to cut a 3' x 3' hole in the wall. I read through the lease agreement and it doesn't say anything about we can or cannot break the lease and what the terms on that are, etc. It just says something about how it started May 20th, 2007 and will end May 31, 2008, totaling the amount of $19,xxx. Would I be able to get out of my lease because of this? Thanks!

2007-11-13 08:36:27 · 5 answers · asked by Kat Kat 2 in Renting & Real Estate

Would it be worth refinancing a home loan to get a lower rate? We could decrease the rate from 6.5 to 5.5 but it would add $12,000 to my current loan amount. It would remain a 30 year fixed. We'd also get to skip two months of payments (which is actually added into the loan, not really "skipped"); but it's still money in hand. The current mortgage is less than a year old. Would the refinance be worth it?

2007-11-13 08:32:46 · 13 answers · asked by Goddess 5 in Renting & Real Estate

I'm 23 years old. I have an "okay" job. Not wealthy but not living from paycheck to paycheck either. How should I go about puttng a little money away each month so I can end up with a decent amount for a vacation in a couple years and retirement around maybe 50 years of age.

Thank you in advance! :-)

2007-11-13 08:32:38 · 8 answers · asked by Gimme Answers 1 in Investing

2007-11-13 08:32:27 · 2 answers · asked by mia mobley 1 in United States

planning to file bankruptcy in a few days but need a few things will i get into trouble for using credit card that i'm planning on keeping?

2007-11-13 08:31:22 · 7 answers · asked by r8dergrl1 2 in Personal Finance

Say you drive 60 miles one way to work and someone is willing to pay you to advertise on your car. Are you technically employed by them? If so, can the mileage driven, even though it's to another job, be written off as buisness miles on your vehicle? Tax returns allot a certain amount per mile, thirty-something cents last I checked. That could be a huge write off. Any tax specialists out there?

2007-11-13 08:28:58 · 3 answers · asked by jurassicbeaver 2 in United States

for example Sony Corp., the stock symbol is SNE. but then it shows you option chains and the symbols are the same but with two extra charecters like SNEXC, SNEKE, SNELI etc... What are these? and what does it mean?

2007-11-13 08:27:23 · 6 answers · asked by calle trece 3 in Investing

I applied online for a Capital One Credit card.
I was approved.
How long does it take to actually recieve the card in the mail after approval??

2007-11-13 08:19:12 · 5 answers · asked by bodmodangel 6 in Credit

I would like to withdraw my contributions only from Roth IRA. I was told by ETRADE that they will send a 1099 to IRS and I need to pay tax/penalty unless I tell the IRS that I'm withdrawing my contributions only. Does anyone know what forms I need to file with tax so that I don't have to pay tax and penalty (I'm under 59 and not under Disability). Thanks so much for your help.

2007-11-13 08:18:43 · 9 answers · asked by Anilchachan 1 in United States

I have a second mortgage on my house that I currently owe about $50,000 on. My mom has recently offered to help me out and pay it for me. In other words, she would write the check out to the mortgage company. My question is, is this considered income for me? Do I have to declare that I "earned" these $50,000 on my tax return? Am I going to have to pay anything?

2007-11-13 08:18:02 · 9 answers · asked by Anonymous in United States

I've had this 0% card since Feb '07, and the 0% turns to 11% in Feb '08. I've run up $4,000 on it, my limit is $5,500. I've paid the minimum on time every month. At 0%, I figure there's no point in paying it back before I have to. I'm in grad school and can't work my full time job - I'm on student loans and a peanuts part time job.

I've been getting all kinds of offers for no fee, or low fee, 0% on balance transfers for up to a year (different rates for additional purchases, but I don't plan on using the new card for anymore purchases).

Should I pay off the existing CC before the 0% is over, or transfer the debt to a new card and stay at 0% for another 6 months/year? If possible, please also explain how either option would affect my credit score. (This is the first CC I've ever had; I don't have utility bills in my name currently; I have completely paid off my undergrad student loans that were in my name; I haven't ever had a car loan or mortgage; & I'm 28).

Thanks a lot!

2007-11-13 08:14:04 · 4 answers · asked by Anonymous in Credit

I am almost ready to move in to a new build house but 1/3 of the already small garden is unsuable due to the steep decline which leads to a manhole. I can't build up because of going above the neighbours damp course on their garage. I am worried the ditch will become a swamp during wet weather. I exchanged contracts in July and I am due to complete in a few weeks.

As a first time buyer I have no money for an expensive garden to be landscaped. Do you need to do anything about it before I complete or should I wait until I move in?

2007-11-13 08:13:00 · 9 answers · asked by Anonymous in Renting & Real Estate

I'm Vat registered and clients as well as friends and family will be invited... i know i can claim vat back on my own hotel bill if I'm travling for business but I'm nto sure about this.

2007-11-13 08:10:06 · 2 answers · asked by StuartFox 2 in United Kingdom

2007-11-13 08:08:32 · 12 answers · asked by Linda K 1 in Credit

i stoped at a casino they took my coat and money, they gave me 50 grand in toy chips, i played and played now i have no chips left,i want to go home and they wont give me my money now my husband and kids left me, then after all that i was robbed

2007-11-13 08:07:36 · 15 answers · asked by cindy 1 in Small Business

Interested in partnering with some of the larger corporations in the Santa Monica, CA area in order to gain more exposure and awareness for the Santa Monica Museum of Art. In January, the Santa Monica Museum of Art will be having its 20th anniversary, it's a great way for the community to come together, but it is hard to find a channel to connect with the big corporations in Santa Monica.

2007-11-13 08:03:23 · 1 answers · asked by evangeline518 1 in Corporations

I have some money that I would like to hide for some years.
Are bonds a good idea?
Are bonds like a paper with no name on it that I could just go and cash it sometime in the future anonymously?
Are government bonds a good idea?
Interest rate is not a problem but I wouldn't like something risky.
All I want is to be able to hide some money for like 5-10 years off in the future.
I live in Romania so there might be a difference but if you know anything about bonds in your own country please share the info with me and your location.
Thanks

2007-11-13 08:01:34 · 4 answers · asked by Anonymous in Investing

I am thinking about putting some of my $ into a FFalx (templeton) Mutual fund. I have been looking into it and just wanted opinions. Would this be a good idea if I could part with a few thousand for a few years. What are the pros and cons?

2007-11-13 07:58:10 · 6 answers · asked by sallyj 1 in Investing

I purchased shares of a low-volume stock. I puchased a thousand shares at the ask price. It was picked up and the volume increased by exactly 1000 but the price was not affected. Can someone explain how this works?

Thanks.

2007-11-13 07:53:01 · 4 answers · asked by yankees10012 1 in Investing

2007-11-13 07:46:18 · 3 answers · asked by $1,539,684,631,121 Clinton Debt 6 in Renting & Real Estate

A few years ago my Husband co-signed a mortgage taken out on the house. The house belongs to my Mother-in-law. Now that the mortgage has my husbands name on it, and we want to purchase our first home, his Mother is angry and won't take his name off and refuses to sell. We wanted to know what we can do (if anything can be done) and the smart way to go about it without damaging my husbands credit. The house is VERY small, the schools near here are terrible, and neighborhood has fallen apart. And I'm suffocating under stress. Please help.

2007-11-13 07:41:06 · 7 answers · asked by ღ♥Jess♥ღ 4 in Renting & Real Estate

2007-11-13 07:39:23 · 3 answers · asked by Cheryl K 1 in Renting & Real Estate

If I call the convenience store and ask them what the price for today's gas is, they won't tell me. If I call a business that advertises certain items and ask for a price, they won't give it, instead they want to know everything about you so that they can send you a catalog.

Why can't people have enough consideration for other people's time to answer a simple question that doesn't take that long to answer?

What's up with that?

2007-11-13 07:38:59 · 5 answers · asked by beehasitall 2 in Other - Business & Finance

Hello. I'm hoping for some advice from someone in the know in collections or banking. My daughter-in-law went into the negative on her checking account back in July. She had not stopped an automatic payment on her car which she had issued from a different account. Thus she double paid and got an NSF of 37.50 to boot. Well, she spoke with someone at the bank who was not helpful and instead was snotty to her: I mention this because she's very sweet and very easily intimidated. So she chose to ignore the problem and just start using money orders to pay bills. She's currently 8+ months along and I only found out about these banking problems the other day when I asked her why she was so upset when we started talking about financing a more appropriate car for transporting the new baby. Long and short of it---the bank charged daily overdraft fees for 60 days and she now owes them 725.00, 375.00 of that in fees. I've offered to negotiate with the bank as she's a wreck. Any words of advice?

2007-11-13 07:30:53 · 4 answers · asked by y_i_awwta 1 in Credit

Sometimes I pay my phone bill or car insurance bill late but I do always pay them every month. Does this affect my credit negatively?

2007-11-13 07:29:45 · 13 answers · asked by Anonymous in Credit

I need to receive an international wire transfer. The foreign bank (in Spain) needs my bank's swift code and my IBAN number. The representative at my Chase branch does not know what an IBAN number is. She said only the switft code and my account number are all that are needed? Is it possible that my IBAN number is just the swift code followed by my account number?

2007-11-13 07:25:16 · 15 answers · asked by rbd555 2 in Other - Business & Finance