Personal Finance - August 2007

Ok, I have a HUGE credit card bill...like, 15k. i have only one credit card, so this is it. i take home about 2,600. i have a home, i have been investing for 3 years in my Roth IRA and 403b.

so far i have put my car up for sale for a less expensive car, that will make my payment about 1/2. i've also cancelled my retirement contributions for this year (i know that's bad but that's my motivation...to get back on track and contributing again ASAP) and i have taken a roomate who will may about 1/3 of my mortgage and 1/2 the bills.

i'll have about 1,100 a month after i've covered all my bills. but obviously i have to buy food and gas. i've already informed friends to NOT ask me out for dinner, etc... and i don't need any clothes for work or anything.

i feel like i've done all that i can as far as freeing up my income to start attacking this bill.....yet it's not enough!!! i'll still be doing this for maybe 2 years...but i need to get it done THIS YEAR.

2007-08-29 12:42:31 · 11 answers · asked by Anonymous

I have about $12,000 to finance, I am looking for loans with single digit rates

2007-08-29 10:20:43 · 2 answers · asked by Abby 1

$2,000 dollars for 2 weeks.
He would pay $500 dollars intrest.

Q: would you loan 2,000 for return of 2,500?

2007-08-29 10:17:29 · 10 answers · asked by Kathy J 3

Am I supposed to send it to them right away and do I just go to the post office with my package and send it from there?

2007-08-29 09:05:06 · 5 answers · asked by Anonymous

2007-08-29 09:04:38 · 5 answers · asked by Spike 1

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2007-08-29 08:45:29 · 1 answers · asked by S a l m a 2

Ok so I got a personal loan through a company I knew nothing about and I do not have perfect credit so I was happy they gave me the loan but now they are calling everyday even if im 1 day late and my interest rate is 96%. No debt consolidation place can work with this company and no other company will approve my loan to pay them off.
I owe $3000 to this company and I am making payments of $216/mo. I am going on maternity leave and just cant afford it but I cant afford for them to take me to court either.
Does anyone know of a company out there that can give a bad credit loan, ( i do not own a home either) to payoff this other loan company?

2007-08-29 08:42:07 · 0 answers · asked by Meeshi 3

My Husband and I are stil unsure of renting or buying right now...Its kind of complicated since he just got out of the military and we just moved back to MA across the country and are currently staying with my family. We always used one car because e lived on a small military base...now we NEED to cars because Im starting a part-time job and I have to small children...My husband also works a hour away 48 hours at a time! So a car is a MUST! I have money in my savings but im saving that for the house (we are using the VA Loan) Will it hurt us to take out a small auto loan for like $4,000? My husbands credit score is about 710...We also have no credit card debt at all....We have three cards but only charge gas and pay them off right away...And we have one car loan out thats a couple years old for $12,000. thanks!

2007-08-29 08:24:35 · 7 answers · asked by Anonymous

Hi All,

First off thank you for reading this.

My question is, should i cash out my IRA early to pay off credit card debt?

Here is my situation:

I am 25 years old and i have about $19k in credit card debt @ 17%.

I have the following saved via IRAs:
- 401k = $40k
- SEP-IRA = $12k
- ROTH-IRA = $13k

Total ~= $65k in retirement accts

Does it make sense to cash out say 2 of my IRA's EARLY in order to get this debt off my back?

The way i see it is my IRA accounts are NOT making more than im paying in interest and basically it is nonsensical to keep bleeding this money. Only problem is based on my research, i see no less than a 10% penalty on my IRAs... so this will be a very costly way to eliminate my debt.

This debt is a real PAIN in my *** as i am currently unable to save money due to constantly paying the Card (and other recurring bills of course).

Any input will be GREATLY appreciated OR if you have an alternate suggestion, I would love to hear it.

Thank you!!

2007-08-29 08:15:14 · 11 answers · asked by d0odx 1

I'm looking for a percent that I should put away from each check. My expenses are limited... $183 toward car payment /month, $40 for the gym /month, $60 for the phone bill /month. I get paid around $800 post-tax every two weeks. I am looking to save for two seperate things. One is for vacations the other amount I would like to put away just to start a savings account. I appreciate any sincere answers...I just graduated college, this is my first job with a steady pay check and I want to be smart about my money! Thank you!

2007-08-29 07:26:20 · 5 answers · asked by Jen M 2

my sister works for acura/honda...she worked out out a deal with her dealership where i can buy a TL for $22,499.... im 19, i dont have much credit history maybe around 6 months...my monthly income is $3500... what are the probabilities of a bank financing me, n at what rate....

2007-08-29 07:24:43 · 4 answers · asked by Anonymous

I'm not sure how to put this question. I recieved some money orders and need to cash them (it is work related) and I was just wondering if there is a way that I can verify that they are real and that I will have no problem depositing them in my bank.

2007-08-29 06:56:53 · 5 answers · asked by anyatavlasa 3

2007-08-29 05:53:49 · 7 answers · asked by mohamed s 1

What is a standard mortgage broker fee? Is 1.5% a little high for a 30 year fixed refi?

2007-08-29 05:36:27 · 9 answers · asked by Gretta 3

if so how can i be safe and make sure the company and people I am dealing with are legit?

2007-08-29 05:30:34 · 5 answers · asked by angels shadow 1

2007-08-29 05:26:35 · 9 answers · asked by shelly l 1

2007-08-29 05:09:55 · 15 answers · asked by lisa r 1

In the case of a credit card user having a revolving balance at a given charge; what do they mean by 'revolving balance'?

2007-08-29 04:53:37 · 3 answers · asked by Anonymous

I had 3 major surgeries last fall. I had insurance that covered 80%, but the 20% is still more than I can handle. I don't want to file bankruptcy. I heard that the debt consolidation companies charge too. I dont need more debt! Should I wait for all the agencies to send my bills for "collection"? Some have already and the interest that they charge monthly is outrageous...Help... What should I do?????

2007-08-29 04:47:45 · 8 answers · asked by Geraldine S 1

2007-08-29 04:13:18 · 21 answers · asked by tommyfourth 3

I have been paying my friend rent for the past 5 years, on time. no problems. all is good. But, I would like it to reflect with my credit history. How could I make this happen?

2007-08-29 03:57:12 · 2 answers · asked by FALCO 3

I have a 30yr fixed 4.93% interest on my 140k home, I currently owe 130k. My monthly mortgage is $1.116. If I refinance, according to several sources, I can lower my monthly bill to the 700-800 range. How is this possible if I would be refinancing at a higher interest rate, around 6%? With my fixed low rate, is there any reason besides a catastrophic event to refinance?

2007-08-29 02:24:58 · 11 answers · asked by Anonymous

would you say thats about right ? or to low / high ?

2007-08-29 01:54:22 · 11 answers · asked by wonderingstar 6

will it register and give me back my correct change if i use a $5 or a $10 or a $20 bill? how bout a $2? or will it take it and think its only a dollar? always wanted to know, never want to try

2007-08-28 20:03:59 · 5 answers · asked by THE GOOD NIGHT 6

2007-08-28 19:19:12 · 4 answers · asked by clipperpink 1

Of all the stupid mailers, this one worries me the most! Capital One continues to send 'pre-approved' applications to me, but they go to my old address. Junk mail is one thing, but this is a risk to my credit as far as I'm concerned. Were it not for an honest tenant who gives them to me along with other junk mail that still finds it's way to his door - where I used to live over 2 years ago! - it could otherwise be possible for some crook to sign the app off in my name and risk my credit rating being compromised! Nearly every 6 months - like clocwork, that application is delivered. I live in Canada and am unaware of any government campaign available to opt out of this stupid mailer. And I've even returned the app with 'Not Interested' written in boldface over the whole damn application. Capital One is either too stupid or too stubborn to stop the mailer. Any suggestions?

2007-08-28 18:32:16 · 2 answers · asked by Volksfox89 2

I own a computer company, and a guy who works in my building dumped a whole bunch of computers on this guy's car. The man's thinking of suing the business for making heavy computers... should I move to Canada before he takes all my money?

2007-08-28 18:00:14 · 9 answers · asked by Anonymous

It is a high yield 4 month cd available online only at bank of america.

2007-08-28 17:51:09 · 4 answers · asked by Kenneth 4

2007-08-28 17:40:50 · 15 answers · asked by Anonymous

I have been postponing cleaning my personal home files for months now and the reason being I feel attached to these papers (bank statements, credit card receipts and statements, school bills, past accounts, etc..). A part of me feels that I should keep these -what if I need them in the future. I have too many of these and would like suggestions on what I should really keep and throw away. thanks....

2007-08-28 17:18:44 · 3 answers · asked by Anonymous