Personal Finance - November 2007

Hi there. I have been a member of my CU for 5 years. I have never had any sort of overdraft fees, and usually have at least a few hundred bucks in my account. I have a steady job (4 years) . I have lived in the same place for 6 years, never ever been a day late with rent. I owe nobody anything and therefore my credit is non-existent. So a few months ago a bit of an issue shows up, my car breaks and I obviously need another, but this time I did not have enough savings to buy one, and the one I had was beyond repair. So I go to the CU and apply for a loan. The next day I am told that they would give me one, BUT I need someone to co-sign for me (with good credit) . I have no family, and the few friends I have all looked the other way when I asked them to do this favor for me (I was hurt by them doing this as I had helped each one out numerous times in the past when they needed money; somewhere to stay; etc.... but it is their choice and I understand that)

2007-11-15 02:40:51 · 5 answers · asked by Anonymous

I have heard that there is such a thing as "healthy" debt. I am just wondering- if it actually exists -how much/what kind of debt is healthy to have?

I'm a student with no steady income, so I'm just wondering

2007-11-15 02:30:14 · 18 answers · asked by Anonymous

As per my previous question, we're having some serious financial issues, as follows:

- I am working full-time but my wife is currently looking for a job and so am I.

- We have about -100K (negative equity) in our home - thanks to what people are calling predatory lending practices.

- We have about 100K in unsecured credit card debt we have accumulated over the past 3 year - since she has been out of work, and at this time, do not have any savings or any other means to pay them. 'They' keep calling continuously, and I have also received a couple of collection notices from local law firms.

- I have spoken to the CC companies but they won't do anything unless/until I am able to make some payment which I have no means of doing now.

- I consulted with a couple of attorneys a couple of months ago, but they also want $$$ up front ($1500 - $3500) and have been trying to see if I (we) could do.

- I am very concerned about what these people can do.

Need advice please!!!!!

2007-11-15 02:25:30 · 6 answers · asked by ahyat@sbcglobal.net 2

I still don't understand what they are.

2007-11-15 01:47:50 · 3 answers · asked by Anonymous

what should I look out for?

2007-11-15 01:47:44 · 4 answers · asked by chicksarehot80 1

how would you use it to improve your life...

eg. leave work, buy a new car, etc etc

2007-11-15 00:53:03 · 35 answers · asked by Maximus_Decimus_Meridius 4

cant seem to get a hold on my finances and i never have any money to do anything, im in serious arrears with everything are there any sites or anything i can go on?

2007-11-15 00:42:49 · 16 answers · asked by sharon you 1

I applied for a Barclaycard, as it had an offer of 5.9% for the life of balance transfers. Having spoken to customer services there, with the intention of transferring a balance from another card, they told me that the 5.9% offer meant that the interest would be charged on the full amount I transfer, until it is all paid off, even if I have paid some off. So if I transfer £1000, and pay off £100 after a month, I am being charged interest on £1000 still, rather than £900. Have I understood this correctly, and is this usual practice?
Thanks
John

2007-11-14 23:54:58 · 2 answers · asked by Johnboy 1

My friend is considering a mortgage service with United First Financial. It would set up an advanced line of credit that his hourse payment would be automatically paid from each month. He would also deposit his pay checks into it and pay his bills from it. Supposedly by doing this he will save thousands in interest over the life of his mortgage. Have you ever heard of anything like this and is it a wise move?

You can find more details about this service here.
http://www.unitedfirstfinancial.com/Default.aspx?tabid=116

2007-11-14 16:00:36 · 2 answers · asked by atomzer0 6

2007-11-14 15:53:50 · 4 answers · asked by jason_medico 1

2007-11-14 15:14:14 · 6 answers · asked by Adrienne 2

I'm moving to a new area to attend college.
I don't have enough money to get an apartment at the moment.
So, I was wondering if it's a good deal to stay at a hotel where you can pay weekly. In terms of having money left over for food and other needs.

When you take into context; not having to pay bills, aside from a weekly or monthly rate.....
Even if you end up paying $1000/mo - is it cheaper to live in a hotel than a cheap apartment?

Would it seem worth it until I can get on my feet with a job and my college schedule?

2007-11-14 13:45:20 · 6 answers · asked by Anonymous

2007-11-14 13:36:47 · 8 answers · asked by Randy 1

i come from a upper-middle class family and have thus always lived quite comfortably. I find myself going into an artistic profession that generally has modest pay, even after decades in the discipline (i.e. $30-40k / year). i am pretty sure though that I will be getting about $2 million in an inheritance from various family members over the next 20 years. my question is: if i use this money properly, will the inheritance allow me to maintain the lifestyle I'm used to, despite my modest income? Or do I need to adjust my idea of what a reasonable life is (or change my profession)??

2007-11-14 12:42:03 · 3 answers · asked by tidy mess 2

serial number DL09141979*

2007-11-14 12:36:01 · 2 answers · asked by buckeye1943 1

when i was born i was given a 5,000 dollar scholarship from Kodak and the only thing i know about it is that it may be a CD. that is all i know and the money was supposed to be for college. It is about time for me to go to college and i need to find out how i can get it and my parents dont know either becasue we moved away from the city i lived in at the time....

any help on who i should contact or things to research
would be appreciated

2007-11-14 12:28:49 · 3 answers · asked by Anonymous

She had borrowed 3000 on August 23. Two weeks later I gave her the money to pay, but the interest had taken the payoff to 4000. She paid 3500. I didn't know she still owed 500. Her first payment was due on Sept. 23. Since she had paid the 3500 in early Sept. she thought she was ok for her Sept. payment. When she went in to pay her Oct. payment, she found that the 500 had turned into 1500. She left without paying and started doing some research on usury laws. Her payment was due on Oct. 23 and they took her car in the middle of the night on Nov. 12. In reality, by paying that first 3500 she had paid in advance and hadn't even missed one payment. This is just too unfair. She is a teacher and spends her days making the world a better place. These people are criminals, but I don't know how to fight them. Surely, there are laws against this--especially given that she has paid 3500 since August 23 and this is only mid-Nov. The original loan was only 3000.

2007-11-14 12:13:15 · 6 answers · asked by Anonymous

2007-11-14 12:09:19 · 3 answers · asked by ANNA G 1

my grandparents didnt pay social security but that was because thier work had there own retirement plan but i want to know what i can do so i can stop paying and start putting money in that money in my IRA account

2007-11-14 12:08:00 · 7 answers · asked by JEANETTE G 2

It is for my test tommarrow. please help me!!!!!!!!!!!!!!!!!!!!!

2007-11-14 12:05:35 · 4 answers · asked by Madison B 1

2007-11-14 11:58:36 · 25 answers · asked by Johnnybot 1

2007-11-14 11:33:02 · 3 answers · asked by Anonymous

If I put my money in a savings account for five years, and leave it and money inflates, do I wind up losing, winning, or breaking even?

2007-11-14 11:31:17 · 6 answers · asked by Anonymous

I work for a third party distribution company in glasgow, we specialise in carrying out admin work for other lenders mostly sub-prime. I have been recently informed that a number of lenders/banks in the uk and including the glasgow area are making job cuts. Do you think this is likely to escalate bearing in mind the current credit crisis and interest rate rises?

2007-11-14 11:12:53 · 3 answers · asked by ibroxfc2005 1

I am in a dispute with my bank of a bounced check that I cashed. I decided to leave that bank and open a checking account with a new bank. My old account is in the negative 200 dollars and I am disputing this with all my force of life. If I refuse to pay, can they put this on my credit report? Thanks in advance to any shared knowledge. Thanks.

2007-11-14 11:09:02 · 3 answers · asked by Bryan S 2

2007-11-14 10:04:34 · 1 answers · asked by pjsdispatch911 1

I have a difficult time finding one. I filled out a few applications on the web and the next thing I know, I received hundreds more from other third party search engine and not from the real lenders, and it just keeps going on and on. I now receive thousands of junk emails everday. How do you know who is the real lender and who's just some website trying to match you with other lenders? But most of the time they just match you to other lenders-matching sites.

2007-11-14 09:20:32 · 1 answers · asked by dn.dan_6575 1

if i put the lowest amount of money down. i want to know my monthly payments. roughly.

2007-11-14 08:58:21 · 4 answers · asked by Anonymous

We want to build a 500,000.00 home. Should we invest our $ for retirement or would it be wiser to use it to build our home. My husband makes about 250,000 a year. We need some help. Thank you

2007-11-14 08:53:06 · 26 answers · asked by Mama Schank 2

For two young adults, without children?

2007-11-14 08:32:48 · 32 answers · asked by sharon 3