Personal Finance - December 2007

I loaned someone 9000.00 cash that was due in full on Jan. 1, 2005. If it is not payed back in full balance (no payments have been made, in fact) and the contract states that the remaining balance (9000.00) is subject to a 20% monthly interest rate beginning on Jan. 1, 2005, how much money is owed on Jan. 1, 2008?
Like I said, it has never been paid on, and the 20% monthly interest rate is on the original 9000.00 owed.
I have found a few different websites online that claim to show how to do the problem, but I have come up with numbers raging from 16,000 and some change to upwards of 500,000!! Please help! Thank you so much!

2007-12-05 11:10:43 · 6 answers · asked by Emleh 1

I have decided to file bankruptcy to escape my poor real estate investment decisions.
I moved to New England from Arizona early this year. A couple of weeks ago it started getting really cold, and being from a warm climate, I did not have any winter clothes. So I went shopping... while I was at it I bought Christmas gifts as well - nothing extravagant - couple hundred here and there... but it adds up.
When I logged onto my credit card website to check the charges, I realized I had charged almost $4000! I am worried that this may be scrutinized by the trustee and/or declared fraud by the creditor.
I am looking for personal experiences with similar situations and recommendations. One idea I had was to struggle a few more months through the bills so that it "drops off the radar."
The debt charge up was certainly not intentionally done to defraud my creditors, but I'm not sure others will see it like that.
I have paid my credit card since the charges. My account is in good standing.

2007-12-05 10:07:02 · 4 answers · asked by Anonymous

My score is 601 w/ Experian,but the credit union uses Transunion.I'm unsure what other factors will affect the decision?Length of employment,income,etc.

2007-12-05 09:50:58 · 4 answers · asked by Anonymous

from the employ of where you built it. You want to take the whole 401(k) out for yourself because you want these bills payed completely off but if you do, you're considered officially quit of that employer. The job sucked but the benefits were fabulous. you've found a new job because they aren't going to call you back any how.
Would you take the money and quit or would you keep the money in the 401(k) building little in case they wanted you back.

2007-12-05 08:53:59 · 3 answers · asked by jacquie 6

2007-12-05 08:44:05 · 24 answers · asked by Jazmin J 1

2007-12-05 08:29:14 · 7 answers · asked by mlwosu 1

I've heard that's a good thing but I really don't know what it means. I have an online savings account that has a 4.5% APY and is FDIC insured up to $100,000, but not beyond that. So what does it mean if I end up one day with more than 100k in the account and it's not FDIC insured?

2007-12-05 08:23:51 · 6 answers · asked by mjm13186 2

I'm $40,000 in debt for college loans and I make $38/year. I feel like I'll be trapped in my parents house until I'm 40 and it's depressing me.. How can I get out of this debt fast???

2007-12-05 08:21:14 · 7 answers · asked by marycotter5678 1

What is the government going to do for all the people who didn't get in over their heads with a sub-prime mortgage? Where's my cookie for living within my means and being able to look ahead five years, and stick with my fixed rate loan?

2007-12-05 07:26:26 · 4 answers · asked by Richard 3

American Standard Finacial phone # 866-569-2573. Took 359.00 of my money already.

2007-12-05 07:20:35 · 5 answers · asked by Anonymous

2007-12-05 06:56:24 · 6 answers · asked by Anonymous

2007-12-05 06:18:27 · 7 answers · asked by Anonymous

2007-12-05 06:06:03 · 4 answers · asked by Anonymous

My partner has just gone self employed and he's gone away to work on a new resturant opening in London. He's a joiner, most of the people on site are in the same situation. They are not paying up. Is there any legal way around this. Only we've got a motage and a kid, they dont pay for themselves. What do we do?v please help

2007-12-05 05:44:37 · 6 answers · asked by bex 2

Hi there

I have half of a 100bill..it was ripped accidently and i lost the second part... is there any way to get a new one? will the bank help me on it or i'm just losing my money?

Thank you

2007-12-05 04:53:06 · 9 answers · asked by Anonymous

Also for home purchase, could not fit it in.
Based on what I have found, it seems like a Roth IRA. ???
I also have 401k's and other investments, so this would be supplemental.

2007-12-05 04:49:42 · 4 answers · asked by da_king60 1

If for example an income statement for a company says that all number are expressed in thousands than that would mean if it just had the number 1 for total assets then the total assets is 1,000. Is that correct? So if it said it had total assets fo 62,348 I would add 3 zeros to it to get the actual amount, right?

2007-12-05 04:43:22 · 2 answers · asked by wag19wag 1

I need help getting in touch with "500 Fast Cash.

It can be a phone no.or a fax no. or anything.

2007-12-05 04:40:25 · 2 answers · asked by DLB 1

2007-12-05 04:38:33 · 6 answers · asked by kerry c 1

i bought some shoes online in october i never received them but was billed for them! who am i suposed to tell the "Internet police" i have no idea how to get my money back?!?!
ive emailed them 3 times and never received anything back!

2007-12-05 03:44:26 · 6 answers · asked by Anonymous

I have some CC debt ~11,000(10%apr). We are having a baby in three mos. I had to sell my truck which was paid for to get a car. We decided on a car that ended up costing 12,500(payments are around 230 w/ a 6.4 apr). I was able to sell my truck for 5500.
I am starting school full time in Aug of this year and my salary is going to go way down.
Should I use the 5500 to pay my cards way down and keep the 230 payment while in school OR should I put the 5500 towards the car loan and amortatize it and make my car payments around 140 (which would probably help more when in school).
Thank You

2007-12-05 03:34:40 · 4 answers · asked by Anonymous

Why are they labeling the status of my transfer as "Uncleared"? First of all they say the order should clear today (12/05/07), but the funny thing is I have a print out from my bank saying they electronically debited the money from my account on 12/03/07 in the amount of $28.94. I'm not buying any of Pay Pal's excuses (or any I've heard from here so far). I believe that they are purposely confusing the situation by calling these transactions "Echecks" to give the impression that they need to "clear" like real checks (4-5 days or more). The truth is far from it because these transactions are automatic debit and in most cases they have the capability to instantly debit the money from one account into another. I can reasonably conceive maybe one or two business days in some cases, but not the four to five days Pay Pal is trying to sell us. I believe Pay Pal has a bank account that compounds interest daily. They make money by making you wait. What do you think?

2007-12-05 03:19:08 · 8 answers · asked by Anonymous

2007-12-05 03:16:44 · 3 answers · asked by pm 1

Dear all...

Just few days back, I created a Paypal account for me. Some websites are asking the Paypal email. Would you tell me please what is the Paypal email.

2007-12-05 03:01:21 · 5 answers · asked by Anonymous

i owe 17,000 in credit card debts. i gave up on trying to pay them i dont even have an income right now. do i still need to file a bankrtupcy since I have no wages they can garnish and no real property or could ijust wait it out for the statute of limitations to expire then it would just come off my record? statute of limitations in my state is 6 years

2007-12-05 02:36:25 · 7 answers · asked by Anonymous

Got into an unexpected financial bind and had to resort to a payday advance. Now it's like we can't escape it! Please give some advice on how to pay these people back and not have to reborrow again to cover current expenses. We make $85,000 between the both of us. This shouldn't be happening!

Help!

2007-12-05 02:34:18 · 11 answers · asked by Cesaria Barbarossa 7

My bank statement (CitiBank) usually gives the address or business name that corresponds to each transaction. However, two charges have appeared merely with the words "Point of Sale Purchase," a ten-digit number, and "Chicago, IL" (where I live). I inquired with the bank, but they weren't able to give me any more specific information than the times of the charges. They were for quite some time ago, and I do not remember making them, but I do not have any reason to believe my credit card number was stolen. Is there anyway way to look up where they originated?

2007-12-05 02:16:54 · 3 answers · asked by aparadoxsimple 2

-$40000 truck financed at 6.9% fixed APR for 84 months (less than 6 months old)
-$30000 2nd mortgage at 9.5% fixed APR on a 15 year balloon (had for 18 months)
-$125000 1st mortgage at 7.125% fixed APR on a 30 year conventional (had for 18 months)
-$13000 boat financed at 5.9% fixed for 120 months (4 years down, 6 years to go)

Amounts above are current estimates, not representative of the original loan balance.

My gut reaction is to pay off the 2nd mortgage first because it carries the highest interest rate. However, it's my understanding that the interest paid on my mortgages is tax deductible, so would it be smarter to pay the truck off first? I've already talked to a CPA and a financial advisor and am only being told that I should do what I'm emotionally comfortable with. I could care less about emotion...I want to do what is financially sound. So what is the smart move here and why? My taxable income between now and October 2008 will be approx. $166,000 USD. Thanks!

2007-12-05 00:38:19 · 7 answers · asked by NunyaBizzness 4

A friend of mine inherited about $200,000 a couple of years ago and he put it into the bank to get some percent of interest (about 5% according to him).

Now he wants to buy a $200,000 Ferrari to fulfill his dream. He believes that he doesn't need the money at some point in the future, and if he is in luck he will be able to sell the Ferrari anyway at a later point. This question is not about to buy the Ferrari or not. Also, other cost like insurance, gas, repairs don't really matter in this question.

Having the money in the bank, is it better for him to cash it out and buy the Ferarri, or keep his investment running and take a loan for the car?

I can't give him advise, and he also doesn't know anything about financing. His bank told him he could get a loan backed with his investments and the car itself. By doing it this way, he may still earn interest while having his car.

Is this basically all there is to it or are there other things to consider to make a decision?

2007-12-04 18:48:05 · 5 answers · asked by Suzanne 1

I'm so stressed about my debts, my money hungry boyfriend, my contant collection letters and phone calls i just want to shoot myself... that way NO ONE can get their stupid collections money.... it seems like i'll never be able to get out of it. Anyone else ever lived through a time like this?

2007-12-04 15:25:55 · 6 answers · asked by Katie 3