Personal Finance - January 2007

I've had about 6 accounts go into collections. They are all hospital bills. I thought at the time my insurance covered the majority of those visits seeing how I had coverage but I guess they didnt. My credit has been severely ruined b/c of these accounts dispute the fact I have a mortgage, auto loans & credit cards all in good standing. I want to settle the collections accounts but I'm curious on the repercutions of settling. The oldest account is from 2002 & the newest one being in 04/2006. They are relatively small totaling only about $2500. What recommendations do you guys have? I really dont feel I should pay something my health insurance should have paid. But I want to fix this since I've ignored it for so long. I'm clueless when it comes to this stuff! Please Help!!

2007-01-23 07:07:42 · 4 answers · asked by karma_0125 3

in 2004 I bought a condo. 2006, my family grew and I needed to upgrade to a larger single family home. I borrowed a fixed payment 71k equity loan (9.5% interest) from the condo to use as down payment for the new single family. currently, the condo is getting rented out (the rent is convering the mortgage payment so it is turning out even) and I have also paid down the equity loan to 11k using my bonus. However, I want to pay off this equity loan sooner, because even though I paid the equity down quite a bit there is still a fixed payment of $500 that I have to pay each month until the loan is extinguished. From my estimates I wont fully pay it off until the end of 2007. Should I borrow from my 401k and pay off the equity loan already? Or should I just wait till the end of the year and use my bonus. I figured paying off the equity now can increase my cash flow.

Also, do you think I can get tax exempt for withdrawal for paying off this equity since it was from my first home.

2007-01-23 06:49:18 · 7 answers · asked by dood 2

We're ordinary ppl not considerating rich but with some savings and few real estate properties. We both have one child from previous relationship.

2007-01-23 06:26:39 · 7 answers · asked by lost 1

I have my Roth IRA maxed out at $4,000 already, a 529 college fund started for my son. However, I don't know what to do with my extra money? HELP ME!!!

2007-01-23 06:23:35 · 22 answers · asked by Anonymous

Alright i have a question about W-2's. I've been out of a job for 2-3 months now and i guess i need to file my taxes being that it's my first time doing this. But anyways my question is that after i was left off from work, dose my former employer need to send me my W-2's being that i was left off back in november?

2007-01-23 06:00:55 · 9 answers · asked by mobius_x1 2

I am a federal employee and make contributions to the federal Thrift Savings Plan. Its like a 401k, but for federal employees. I have the option of borrowing money from it to buy a home. Will I be repaying that loan with tax exempt dollars?

2007-01-23 05:49:37 · 1 answers · asked by Mike K 2

I am in my 20's and have a 14k portfolio. I am able to add 900 dollars a month to it plus 100 dollars in dividends that I get from owning Closed End Funds(CEF's). My question is what are some other good investments besides CEF's I tend to buy 1 CEF every month and all my CEF's are yielding between 7-10% a year in dividends plus they have been doing extremely well on the capital appreciation side.

My question is do I continue buying CEF's or should I start buying up other investments? I do like investments that pay monthly dividends:)

Any advice would be appreciated

2007-01-23 05:49:23 · 5 answers · asked by Mike J 1

2007-01-23 05:04:45 · 6 answers · asked by burlingtony 2

What I am interested in is a service that I can tell what my long and short term goals are - have my paycheck and other misc money deposited into an account - and have them handle paying my bills and investments for me - without me ever having to touch it. (of course what they would have to deposit $ into a personal account for me to use for my own personal use - ie groceries, gas, clothes, ect.) I can work wonders on creating a budget - and it all looks great on paper - however I have never had much luck with following through. I have set up seperate accounts to have money put in with the intentions of having bills paid out of it and using it for nothing else....but eventually I end up slacking on that too. Has anyone ever heard of such a service? Or even a company that might do something similar?

2007-01-23 04:35:16 · 9 answers · asked by Simplekindoflife 2

2007-01-23 04:34:36 · 9 answers · asked by kuytfkhtdt 1

In Canada, if your parents have a debt when they die, is this debt automatically transferred over to the children? I know their home will be sold and what not to try to cover it, but what if their assets do not cover the outstanding balance? Will the children be left with the debt? Does it make a difference if they have a will?

2007-01-23 04:18:27 · 13 answers · asked by lynz 3

1.i am 16 years old
2.i want to draw the cash. will thay give me a cheque that i can draw or do i need an account.
3.is it a danger to me

2007-01-23 04:13:09 · 4 answers · asked by Anonymous

Do anyone have a money I can rent for friday?

2007-01-23 04:09:24 · 4 answers · asked by Anonymous

I've a 6yrs old kid from previous relationship. I also own a condo that's already paid off. My bf and I plan to get marry within a year. I want to create my will using PC software (like Willmaker) and leave that condo to my boy before I get marry. Does he have power to claim that's joint property after we're married? I'm in MA.

2007-01-23 03:51:42 · 8 answers · asked by lost 1

My family lives in another state and I have no one in Texas I want to leave my property to. I want to set up a revocable living trust for my niece and nephew in Michigan. Who provides this service; a bank, an attorney, an insurance agent? Thanks for you time in answering.

2007-01-23 03:43:04 · 6 answers · asked by Sunny_1_ 3

anyone heard of swisscash.com is it a scam? Any catches or gimick that are known for?

2007-01-23 03:42:28 · 2 answers · asked by Danzzz 2

I paid for towing services last week with a credit card. The towing company accidentally charged me $10.00 instead of $100.00 (The receipt shows that the cashier keyed $10.00). Days later, the company charged my credit card the additional $90.00.

Is the towing company within its rights to charge my card again without my permission? It was their mistake.

Thanks!

2007-01-23 03:28:08 · 17 answers · asked by Brian B. 1

Hi my name's Elaine, & I've asked questions on here before, however nothing like this. Here's my situation. I have a family of 5. My husband our children ages 8,4,2, & me. Over the past 6 months we've been having family dificulties & it's starting to effect our lives to the point that we're falling further & further into dept. We're now to the point that we will be out on the street if I don't come up with the money due. I work 2 jobs, my husband is working, but it's not cutting it. This is not a sympathy plea, it's a extened hand for help to any one who has any ideas on what else we could do. As a parent I feel like I've let my family down cause I can't keep a roof over their heads. It's never been like this, but I've had to miss a lot of work due to illnesses. The extened family support just isn't there, & the banks will not loan us money. Our options are fading & fast. I'm scared of what will happen tomorrow. Any ideas? Heres my email if you want to talk
lillovable26@yahoo.com

2007-01-23 03:26:43 · 6 answers · asked by Anonymous

2007-01-23 03:16:20 · 3 answers · asked by rubba 2

2007-01-23 03:03:04 · 1 answers · asked by Anonymous

2007-01-23 02:58:22 · 4 answers · asked by MEXICAN REDHEAD 1

Someone has been charged with over-payment of benefit going back three years and I want to know if they can do that if it is the council who made the mistake in giving that person too much benefit?

2007-01-23 02:32:21 · 6 answers · asked by Margaret D 1

2007-01-23 02:24:36 · 5 answers · asked by wetdog414 1

help some people who can not pay back their bills, creadit card, loan etc by given others a detail of that problem and bank account.so people can donate few £.

2007-01-23 02:11:56 · 4 answers · asked by lin 1

Does the amount I get paid from Social Security change if I win a large amount of money in the lottery?

2007-01-23 02:03:44 · 4 answers · asked by Michael T 2

If i'm putting away $333.33 a month (for an annual total of $4,000), but I have the occasional dividend income reinvestment for my roth IRA, do I have to decrease my year-end contribution to compensate for this extra reinvestment?? Thanx!

2007-01-23 01:30:19 · 4 answers · asked by CSUflyer 3

2007-01-23 01:21:16 · 11 answers · asked by Anonymous

I do have alot of bills to pay.

2007-01-23 01:08:32 · 12 answers · asked by Baby 2

2007-01-23 00:58:08 · 2 answers · asked by Amy W 1

i am getting a credit check today with the bank i have had my mortgage with for five years, i want to borrow 30k to clear my debt, my property is worth 170k and i owe 72k on it. due to all my debt, my credit rating will not be very good. what paperwork will them want from me if any. i have never missed a payment nor have i ever paid late. i need to know whether my payslips wil be enough, or will they want bank statememts as well

2007-01-23 00:45:17 · 3 answers · asked by dubliner 1