Personal Finance - June 2007

2007-06-27 11:02:23 · 0 answers · asked by Anonymous

Important detail is that I do not own a home, property, etc.
This is credit card debt with maxed interest rates

What I don't understand is because of my annual income, if a bank etc. lent me money at a good interest rate to purchase a home, my salary would be enough to cover the mortage etc. if I was just lent enough to use a portion for consolidating the credit cards.

Example-not my figures:
$50,000 debt
$200,000 mortgage lending

Purchase home that is $150,000 and pay off debt with remainding $50,000

Due to significantly lower mortgage rate, and the high interest cards being consolidated etc. payment is not a problem, which can be proven with paystubs but isn't apparent when looking at credit rating since it is very poor due to the maxed cards etc.

I'm ignorant of how mortgage lending works, for some reason can you not get a mortgage as high as possible but use some funds for other things?

Would banks be open to this arrangement?

Thanks

2007-06-27 10:54:40 · 1 answers · asked by Anonymous

2007-06-27 09:29:11 · 11 answers · asked by Jamie S 1

and that I owed them 50$. But I called them and was told to send them copys of w2s and they woul correct their records and send me my 600$ and when I call them now they say they have not received that paperwork ,and have no record of that phone call .What do I do now? Its not much money but its the principle of the matter.

2007-06-27 08:13:49 · 2 answers · asked by crank 3

I know this is a silly question but i really need to move out i live in the seattle area I am going to school part time and working 2 jobs at aprox 48 hours a week and have about 500 dollars in credit card debt and my monthly bills now come out to about 500 dollars

2007-06-27 07:51:55 · 25 answers · asked by ohyaknow 1

2007-06-27 07:33:56 · 3 answers · asked by julian n 1

Tutition, books, rent, car, gas, food, phone... oh god.

2007-06-27 06:52:01 · 10 answers · asked by Anonymous

my mate reckons that people send other people money for nothing...if this is true, how would i go about it

2007-06-27 05:26:10 · 14 answers · asked by Anonymous

Credit report states that inquiry will stay on for 2 years

2007-06-27 05:00:43 · 4 answers · asked by Anonymous

I need the funds available by Monday, I forgot to ask the teller, but I deposited about 8 paychecks that I had forgotten to in the past few months. You think the funds will be available by Monday? The paychecks are from CVS so it's not like they might bounce.

2007-06-27 04:58:19 · 6 answers · asked by Anonymous

The cashier at my bank made a mistake this morning and put into her computer that I had paid in £7000 in stead of £70.I didn't check the paying in receipt until I got home and I went straight back and told them what had happened.What would you have done?

2007-06-27 03:45:38 · 16 answers · asked by shrndcksn 4

is it worth more now or still just $100?

2007-06-27 02:36:27 · 6 answers · asked by Jasm 2

I owe about 20k in credit card debt,
8k of that is at 2.9% or 3.9% til paid off!
The rest is at 0% til April '08.
By then I'll get more offers for new cards, with bal. transfers free, and often 18 months at 0%
I could keep moving the balances and not worry, since I've done this for years and it doesn't seem to have affected credit score enough to matter.
I know there are tax advantages for home equity loans, and I
could easily get one, but is it worth paying 7+%?
Is there a math calculation to figure this out?
Another factor: I'll probably sell the house within 10 years and pay everything off.
A complete cash out refi. doesn't look good because my mortgage is at 5.38% and would surely go up to at least 6%

2007-06-27 02:21:56 · 4 answers · asked by topink 6

require the bank to give you the fees back?

2007-06-27 02:14:00 · 4 answers · asked by bamagrits84 3

I plan to sign up for social securit at the age of 62 full retirement is 65. Being that I don't pay social security for 2.5years does that affect what I should be recieving when I do sign up when I turn 62.

2007-06-27 02:07:51 · 6 answers · asked by rastus 2

i am recently appying a new job in australia and i have a 2 years of experience in other company.can anyone tell me how do i write my cover letter? i`m only stuck in the middle which i do not know how to include my two years experience in the cover letter. thankx.

2007-06-27 01:56:43 · 2 answers · asked by rAinEe 1

Unearned Rental Revenue is

a. a contra account to Rental Revenue.
b. a revenue account.
c. a contra account to Accounts Receivable.
d. reported as a current liability.

I know its either A or D. What do you guys think?

2007-06-27 01:13:50 · 4 answers · asked by Anonymous

i loaned my friend a lot of money, and i am still waiting to get it back after months of asking her for it back. yet she keeps telling me bare-faced lies and i have not seen a penny of what she owes me. we took out a joint car policy together, but my half has been cancelled, yet i still have to pay her debt, how can this be if it is nothing to do with me. there are also credit cards that i set up for her but the evidence says on the card and financial statements that they are in her name and not mine, but, yet again i am having to pay when it should be her who is paying. she has got me into serious debt of over £21,000 and i am struggling to pay it as i have a baby due in october, what on earth can i do, i have tried talking civil to her, but she is such a hard faced b*tch that it doesnt seem to bother her. i have even contacted her mother explaining the situation, but she says that is tough luck basically. what use is that. can anyone help before i completely tear my hair out?

2007-06-27 00:35:55 · 14 answers · asked by jacqueline n 1

let see who is legal here.

2007-06-27 00:25:35 · 16 answers · asked by cool and simple 2

I have seen a lot of adverts for I.V.A's on telly (UK only i think). like most other 30 somethings have a certain amount of debt. This sounds good but does anyone know the downside to this? There must be a catch, or somthing the ad's are not mentioning.

2007-06-26 22:41:00 · 6 answers · asked by carswoody 6

Always seems to be the well off who say this, never the man on min-wage. or do you know different ?

2007-06-26 21:55:35 · 12 answers · asked by Chris 5

What is a good one that we cannot just access straight away so we are not tempted to keep dipping into it?

2007-06-26 21:14:34 · 5 answers · asked by Gemma T 5

2007-06-26 21:01:45 · 5 answers · asked by Bob M 1

my situation is pretty complicated. i bank at washington mutual and i have about 3 overdrafts that i have just incurred. the reason is that i have this savings plan that automatically deposits 25 dollars into my savings account every month on the 25th. now the weird thing is that when i use my debit card transactions are not processed right away, instead it seems to get processed right when my 25 dollars are automatically deposited into my savings account. they did this to me twice, this being the second time. i was going to deposit money into my account to cover the costs that i have incurred but even then with automatic savings plan it wouldnt have mattered maybe a lower overdraft fee thats it. but im just wondering, im going to talk to them in person tommorow at one of their banks and i was wondering what can i do or say to convince them to reverse at least 2 overdrafts or all. i did some research and it does not cost a bank 27 dollars if someone withdraws too much from their accoun

2007-06-26 20:07:15 · 3 answers · asked by googizle 2

I activate American Express cards, and I try to get the card member to upgrade their card or to add a service to their account. I'm 16, and quite frankly i would rather be out playing than at work... I am so sick and tired of my job, and it is very boring. I get payed 9.25 an hour, and then i get comission off of what i sell. I cant quit because i have payments... and I do a pretty good job, but it is so boring... what can i do at work to keep myself awake!? i just need some modivation...

2007-06-26 20:02:27 · 5 answers · asked by Anonymous

..use the amount i received on paypal to shop in stores using the card? (both online n real stores) or i can only use the money through paypal only?

Fyi, i am not a US resident and live outside the US, so i cant use the Bank account stuff. Just credit or debit cards.

Can i cash out(withdraw) the money at my debit card's bank?

And if i cancel my paypal account now, will all the money be transferred to my debit card? or all the money has already in my card?

Remember, i am not a US resident and my paypal account is non-verified.

Plz help. i need suggestion.

2007-06-26 19:55:26 · 4 answers · asked by Anonymous

2007-06-26 19:29:51 · 13 answers · asked by garibdas dindukhi 1

Is a cash union a place where i can get money loaned to me? If so how do I get started on that? I live in Wilkes-Barre PA.

2007-06-26 18:38:38 · 2 answers · asked by ♥♫♪╔═══╗ ♪ ║███║ ♫ ║ (●) ♫ ╚═══╝♪♪ 3

I recently quit my job and now I need to know how I can cash out my 401K?
(I understand it will be taxed, and I know it's better to roll it into other options.)

2007-06-26 16:12:57 · 5 answers · asked by Anonymous

2007-06-26 15:54:21 · 6 answers · asked by socmum16 ♪ 5