Personal Finance - December 2007

I know people alway's say the same thing, "co-signing a loan is the worst thing you could do" and what not. But my best friend is seriously backed into a corner and has no where to turn. His mom is having marital problems and their selling their house and moving far outta state. Their dropping him pretty much on his own. Now here comes the problem. He needs me to help co-sign a personal loan, around 3000-4000 to be exact because he needs to get his car fixed. Now I mean I am financially stable enough where if he could not pay it off then I could take over the payments but at the same time I cant just give him 3 or 4 thousand dollars, you know. And he pretty much needs his car to keep his job and to go to school. I mean I can't help but also think about what's gonna happen to my credit just by co-signing. Just figuring if anyone could give some feedback about this situation.

2007-12-21 06:08:34 · 5 answers · asked by Eddie M 1

I have a loan of £1400 (8 months left), another loan of £2240 (9 months left) and a overdraft of £500 (I know scary alot of debt!) Anyway I have got £2400 how should I use it to pay back some of it???

2007-12-21 06:01:32 · 19 answers · asked by lazycat 2

How many bills of one billion US dollars are there in the world or in currancy? Is there any place to know the list of serial nos. of all one billion dollars’ bills so that fake ones could be distinguished?

2007-12-21 04:22:29 · 6 answers · asked by Pirate of the Bassein Creek 4

In order to receive financial help from the Open University towards helping with my course fees, one of their stipulations is that I must hold a bank account. I informed them of my financial circumstances and stated that my husband was willing to allow me to use his account - but this was not acceptable. What do I do about opening an account and if possible which are the best banks to approach ?

2007-12-21 00:44:47 · 9 answers · asked by Anonymous

right now my house only has this laptop cuz our other computers crashed. so i wanna save up for a new computer-i know its a lot. but i really want to play sims and make houses ^_^

so any suggestions on how i can do this incredible feat???

2007-12-20 19:56:42 · 3 answers · asked by rbtchcknlg 3

I live in Hillsboro Oregon and I will only have about $1000.00 to start up with. Right now I have 1000.00 in my US Bank savings account and I am only yielding 10 cents a month. That's a joke and that's their highest yielding savings account. I need some suggestions. Thanks.

2007-12-20 18:05:21 · 1 answers · asked by jdyzy 2

2007-12-20 15:58:30 · 4 answers · asked by TYSHERIA 1

Like Enron and that Arthur Anderson guy and them all? I know if you is working with money then maybe you like, I want more money, but why is dem accountants such crooks? Like irs.

2007-12-20 15:39:37 · 6 answers · asked by Anonymous

The government take a tax right, which is mandatory. For argument sake lets say this tax gets deducted from your pay each week. Wouldn't you say the government owns your money (since you have no say whether they take it or not) and they are just letting you keep some of it?

2007-12-20 15:34:03 · 10 answers · asked by Anonymous

How long would $12 million dollars last for a person in their mid 20s?

2007-12-20 15:28:04 · 46 answers · asked by Bronze Girl 3

2007-12-20 15:17:44 · 4 answers · asked by Andrei 2

i was just wondering if $60,000 a year is a lot for a 45 year old man

2007-12-20 15:09:25 · 26 answers · asked by Yeap Buddy 2

2007-12-20 14:33:02 · 4 answers · asked by Anonymous

3 years ago I was unemployed with no health insurance and got pregnant. I got very sick and had to go to the emergency room twice. I went 2 more times as I was miscarrying and was told the total bills were over $7000. About a year ago a collection agency called me to get payments on a smaller part. As I started paying on it, they told me they received more and more bills. Then they told me that I couldn't make my payments anymore because they wouldn't cover the interest and that I had to pay a large lump sum by the end of the next week or they would put it on my credit report. I explained that I'm a single mother that could not come up with that amount so quickly. Later they sued me and added all kinds of fees on the total. Now they started garnishing my wages. With the amount they are taking out, I will not bring home enough to cover my rent and child care alone this month. I might have to quit my job for lack of child care, but then my child and I will be homeless too. What do I do?

2007-12-20 14:15:05 · 17 answers · asked by Miss TJ 1

A man bought a laptop for 3000%. but he needed the money later and sold it after 2 years. If the deprecation rate is 30% a year and the life of the computer is six years, how much money can he when he sells the laptop?

i tried it with a formula that read: V=3000(1-2/6)^2

didnt work though

thanks!

2007-12-20 12:16:06 · 2 answers · asked by bombenistic27 1

2007-12-20 11:52:37 · 1 answers · asked by meli 1

Which is better? A one time bonus or a raise that would equal the same amount of the bonus annually? I'd imagine there's a tax benefit to one or the other, but I'm not familiar with the process to know.

2007-12-20 11:47:47 · 7 answers · asked by jchromem 2

My husbands friend owed him money and he decided to pay a credit card for us. Everything went through fine, but he heard a week later that his friend may have used a stolen checking account. What should I do? What can possibly happen to me?

2007-12-20 11:27:50 · 3 answers · asked by Danielle 2

so, i have 1687 on my CC w/ 0% APR till jan. 2008.

i have to pay student loans too.

my question: should i pay my accrued interest off when paying for student loans or put all money toward CC so it will be paid off?

i plan on take my tax refrund, about 1200, and completely paying my CC. my CC interest will be 11%, after jan. 2008

i have a baby due in 2/08. i have to pay 250 monthly for daycare

i'm thinking that i should get rid off the CC bill because that's one less bill, and THEN focus on teh student loan, but i dont if that will hurt me in the long run.

my studnet loan interste is less than my CC

2007-12-20 11:18:02 · 5 answers · asked by happypants 3

I am wanting to borrow $80,000 to buy a house. The terms are 80,000 at 7% compounded quarterly for 20yrs. I need to know what the total intrest will be? Thank you

2007-12-20 11:17:50 · 3 answers · asked by heather t 1

I have a money question,ok can someone explain to me how interest works when it comes to saving money in the bank.I dont understand how the money you have,the bank gives you money.I hope I made my question clear enough.thanks:)

2007-12-20 11:03:36 · 5 answers · asked by sweetcakes8604 4

Anyone else completely sick of these people that say they make 1200 to 1500 per month and then try to send you to their website. You know none of them are making that money and most have never even got a paycheck from that site. I remember someone sending me to cashcrate once, I did their little surveys, made 35 dollars, and got over 5000 email spams per week and I STILL get some spams because of that site.

2007-12-20 11:01:58 · 3 answers · asked by Anonymous

can anyone like bill collectors take my money out my bank account once i make one?

2007-12-20 10:44:33 · 2 answers · asked by its_me_bitches 1

Ok I have been renting a house form a realty company. the other day i recived a letter on my door from a company called marken ventures (they have a web site) with a copy of a deed saying he is the owner of the home and i need to pay him rent from now on. I looked it up on our county web site and he is legal owner of the home. I called my landlord and they say i need to continue paying them. I called back the other guy and he says i need to pay him. I am so lost and do not know what to do . My realty company says he can not evict me cause i have a lease with them. The owner says he can evict me cause he is the owner of the home. The realty company says if i do not pay them i will be taken to court for not going by the lease. What do i do any help anyone any advice . I dont have money to get a lawyer to ask questions. Rent of course is comming up and I really dont know what to do .

2007-12-20 10:42:02 · 3 answers · asked by nancy e 1

Trying to understand easily the difference between a posted intrest rate and an APY when it comes to a high yeild savings account or money market account. Does the same intrest rate always yield the same APY? Does a 5% intrest rate always give you a 5.11% APY or does it vary depending on if its calculated daily.................a little lost here.
Thanks!
Brett

2007-12-20 10:39:01 · 5 answers · asked by Brett G 1

Can someone please tell me what a 401(K) is? I am really not to sure.

2007-12-20 10:13:19 · 17 answers · asked by ms ambitious 4

how can i make lots of money whit-out a job?

question for little bro here

2007-12-20 10:07:46 · 8 answers · asked by Anonymous

I do not have a bank that is used with Quicken. I need a program that I can set up a family budget and use it monthly. Can you tell me one? I would also like one that is not useable online but if I can't get that the name of any will do.

Thank you!

2007-12-20 10:00:55 · 4 answers · asked by I love the flipflops 5

Or money if I sell it?

2007-12-20 09:56:49 · 6 answers · asked by Anonymous

WIC give me plenty of formul for my 3 mth old. so much that I do not use all of it.
My husband was just recently sick of meningitis and hasnt been able to work, and will miss out on a week's paycheck.
Do you think it is okay to sell some of the formula for cheap on craiglslist.
We need it badly.

2007-12-20 09:29:15 · 5 answers · asked by Aneres 3