Personal Finance - July 2007

A year ago, I closed my business and I'm now working full-time for a company.
My take home salary was reduced 50%.
Just a few weeks ago, my old business debts transferred over to my personal debt.
I used my credits to pay for the loans and increased my credit card debt.
I have Ameriprise and have annuity and a VUL with them which was set up long
before I knew any better.
My gut instinct is to cash these out and pay my credit card debts worth over 40k.
What do you think? comments and suggestions welcome.
thanks.

2007-07-25 08:08:59 · 3 answers · asked by vgpostit 1

I have got trapped in this payday loan cycle and i can't get out. It has caused me to fall behind on all my bills. I am thinking of repaying them in full with my income tax money if it goes on my credit. I am affraid that i will go to jail.

2007-07-25 07:59:29 · 5 answers · asked by raillyboo 1

Okay this is what happened. I posted my guitar on yahoo classifieds i got an offer, for $1,100 and i went for it. I talked to the person and they were going to send a check to me and then they would contact the carrier of the guitar to pick it up and i give them the extra cash that i got,so the check was going to be more than 1,100. I got the check today for $5,000. i'm an eighteen year old without a bank account. Is this legit? how can i cash the check? sorry for the ignorance, i just havent had experience with this, specially because the quantity of the check. thank you.

2007-07-25 07:26:42 · 8 answers · asked by alberto 2

I got a membership with a health club. I had to close my debit card and one of my accounts and move due to a death in the family. Before I could contact and settle with the Health Club ABC Financial illegally aquired info on my new account and put me in the negative big time. Luck would be that my bank reiverced me and helped me file a fraud report.I have heard of this happening before with ABC Financial. I would like to know more and help bring these theves down if I can.

2007-07-25 07:06:36 · 2 answers · asked by Rosietrue 1

I have some money in my saving account and I want to hide it from my husband. Any good idea?

2007-07-25 07:05:31 · 16 answers · asked by mini 1

They called me and said you can get 4,500 because your fall in a low income bracket, sounds like scam, they collect 359 for fees process and deposit. Anyone been bugged by this before seriously?

2007-07-25 06:09:41 · 3 answers · asked by michele A 1

2007-07-25 05:02:49 · 6 answers · asked by Sian C 2

2007-07-25 04:47:41 · 5 answers · asked by oscar_l_castillo 1

i spend all my money and i was wondering if anyone had any ideas for a good way to save it but i can't put it in the bank...

2007-07-25 03:57:03 · 11 answers · asked by Anonymous

I went to a Chase Bank to open a checking account. THey asked for my social secruity number, i gave it to t hem. The banker said that something is wrong and that the social secrutiy number taht i gave them is under some mans name in california and he told me to bring back my social secrutiy card. i went home, i checked it, and yes its my social security number and somebody stole it. is this identity fraud? what do i do?

2007-07-25 03:37:25 · 5 answers · asked by Anonymous

Im a single mom and make a middle class amount of $

2007-07-25 03:24:22 · 77 answers · asked by Kelly K 2

2007-07-25 03:06:49 · 3 answers · asked by Robin M 1

2007-07-25 02:55:04 · 4 answers · asked by judymcmillion2005 1

This seems to be asked a lot, but I want to put another thought into it: This isn't money dropped from the sky type. One of your close relatives that you highly respect turns out to be a secret and great investor. He/She passes away and shockingly leaves you and every member of his family one million dollars. This includes children, grandchildren, and funds reserved for anyone that wishes to go to any school they wish, enough to get their Doctrine! Also shockingly, his life appeared modest, almost poverty like. Now knowing this, what would you do with it? I ask this because there was an interesting article I read regarding baby boomer's that are leaving inheritances that may boost economy and wanted to know how people would react to such a scenario.

2007-07-25 01:14:42 · 5 answers · asked by avengress 4

Who should let you know? The Solicitor?

2007-07-24 23:12:20 · 7 answers · asked by Sandee54 2

Our Company maintain checking account with two banks : Bank A and Bank B.
On the date of Balance sheet, Bank A has a debit balance of 1,00,000/- while Bank B shows a overdraft balance of 80,000/- (credit) in our books.
Can we not show net bank balance (Debit) Rs.20,000/- only in the balance sheet? Why?
Which principle of accounting prevents me from doing that?

2007-07-24 22:43:33 · 3 answers · asked by happy 2

2007-07-24 21:39:07 · 5 answers · asked by pragnesh2393 1

Well im working for a walk-in medical clinic, file put-in stuff and imputting new patients on the computer. so basically the whole day i just walk around, doing pretty much nothing. Just sit on the computer the whole day. the negative side is i cant use the internet cause the administrator has access on it, but i could use some other computer that has access on the internet. LoL And i get paid per week on friday's. and plus working on Saturdays for cleaning up unused files and get paid under the table after that, on that very day on Saturday. Is $200-230 good enough? comment please.

2007-07-24 20:02:47 · 3 answers · asked by Marvin A 3

And what is it all about?
Is it something to be trusted?
Do I get the money?

2007-07-24 19:59:54 · 2 answers · asked by Tabatha L 1

can i use my Debt card to bys things from online instead of using a credit card?

2007-07-24 17:35:32 · 2 answers · asked by Lia C 1

I want to sue my formal friend in a small claim court, to make a long story short i helped him purchase a car and he stopped making payments and the car got reppoed in the emd, its now affecting my credit.....despite of the fact i was dumb to do that for him to begin with....what advise can you guys give me....i want to get a attorney to better my chances to win...what do you advise?

2007-07-24 17:29:14 · 4 answers · asked by jB0oGieLuV 2

I've never used Western Union but had to money fast to my daughter. I went on line, went through the entire transaction THEY TOOK MY MONEY, then said I was not approved!!!!!! They tried blaming it on the bank, when it's their procedure. OH MY GUAD, BEWARE ALL!!!!

2007-07-24 16:32:15 · 5 answers · asked by get your nose out of the books 2

banks such as anz calculate interest daily and pay monthly like at 4.5 %p.a . in the next month will the interest u recieve, will they calculate interest over interest?

2007-07-24 15:50:39 · 5 answers · asked by vio 2

I got a friend that does not believe in pay her bills. Usually her parents paid for everything. Since she moved out her parents make her pay her own bills, that she made some loans in her name. She does not believe in pay bills. She tried to avoid the bills correctors because she got a call ID. In addition, she would not answer their phone calls. Her bills have not paid for three months, and still are not intending to pay them. What will happen if she continues? Beside she would not have a good credit to borrow again. What could they do to her?

2007-07-24 15:48:30 · 5 answers · asked by Anonymous

I mean when you need how much? when it takes you 3 months to pay it off without borrowing? 6? 9? 12? What is considered urgent? buying a house? a car? a medical operation?

2007-07-24 15:16:10 · 5 answers · asked by think_of_the_bubble 3

Earlier today, two women, saying they were with 'Dedicated, Too' ( http://www.dedicatedtoo.com/ ) knocked on my door and sold me some magazines. I'm a soft touch like that...

I wrote them a check for $32, which I thought was covering two one-year subscriptions.

Just a few minutes ago, they knocked on my door again. They said that the price for the two subscriptions was, actually, $132 (for two three-year subscriptions).

Well, I can't afford to spend $132 on magazines & told them that I did not want the subscriptions anymore. They asked if they could keep the check & use it as a donation to a woman's shelter.

Now, I kind of doubt that they're going to do that with the money, but figure they're down on their luck & I'll let them have the $32.

2007-07-24 15:07:13 · 9 answers · asked by Maureen 7

2007-07-24 14:55:16 · 4 answers · asked by Anonymous

The companies and brokers, that I have researched thus far, require an individual to already be drawing their pension.

2007-07-24 14:47:18 · 2 answers · asked by Anonymous

I live with my dad who is a single parent. He has to work two jobs just to pay the bills. There is no money left over for anything extra. It's getting harder and harder to deal with and I was hoping for some advice.

2007-07-24 14:42:23 · 14 answers · asked by Anonymous

Tell me a normal percentage of interest, too.

2007-07-24 13:53:08 · 16 answers · asked by Anonymous