Personal Finance - December 2007

My buddy has $7,000 in a tax return coming to him. He says he owes over $40,000 in credit cards and will be filing a Chapter 7 because he has been unable to find work for some time. Is there a way he can invest/protect this $7,000 so it isn't taken? He said he wants to put it in something like edvest(?) or another thing for his kids college, can he do that or is there something else he can do to protect the return?

For the responders, Yes, I have told him NOT to file but to try to work it out with creditors instead.

2007-12-27 08:51:26 · 9 answers · asked by Isaiah 2

know you can call a creditor and ask them to re-age your account so any lates/ past dues won't show. But does anyone know which companies(creditors) will Re-Age, and which won't????? Does Capital One??

2007-12-27 08:47:24 · 1 answers · asked by Keyosha W 1

Ok, so how can i earn money when im 14 other than getting it from my parents.

2007-12-27 08:47:01 · 2 answers · asked by Anonymous

We currently rent and we cant save because all the money is going towards the CC bills.

2007-12-27 08:38:49 · 6 answers · asked by Victoria Z 1

That's wayyyy too much.
Highest prices I ever seen.

When will they drop again?

2007-12-27 07:25:49 · 21 answers · asked by I hate Hillary Clinton 6

I'm looking for a dept consolidation loan. I would like to apply with out paying for a cd or anything else.

2007-12-27 07:08:11 · 4 answers · asked by jujube 1

If I shipped a package from rosedale, NY which is in Queens at priority, should it take 2 days or 3 days(including the day i shipped it)?

2007-12-27 06:47:48 · 8 answers · asked by Tyshawn F 3

2007-12-27 06:13:58 · 10 answers · asked by Reserved 6

My family of 3 is planning a Florida vacation for 2009. Our goal is to pay cash and not put everything on credit at the last minute. To do this we're looking at areas of our life where we can cut back and put money aside.

For example each time we decide to eat at home instead of eating out we'll stuff $10 bucks into an envelope. When we make coffee at home and take it to work instead of getting coffee out we'll stuff away $2 to $5.

What I'm needing is some fresh insight into areas where a family with a 10 yr. old boy can cut back. (Sorry. Losing the cable is not an option though I wish it were.) And anything that helps a young boy learn some money sense in the process would be great too.

2007-12-27 05:11:35 · 7 answers · asked by pensacola_sand 4

Which online payday loan company has the best rates?

2007-12-27 05:09:21 · 6 answers · asked by Anonymous

Can anyone tell me if this is a good loan please take into consideration I have had a problem obtaining a loan due
them telling me my credit score is between 580-620
i have very little credit history and only a few debts due which are recent. This loan was offered by someone I know working
with mortgages. I also am applying for no doc loan as I have my own business but have very little business income to show and due to situation where my tax returns have been unfiled
pending proper execution of estate taxes and court settlements which will be reflected on my returns and lack of ability hire someone to complete the returns acurately
it was offered to me for a 200,000 loan
it says conventional fee simple purpose of loan purchase
interest rate 10.750 arm 5/1 no months 360/360
first mortgage payments monthly 1,866.96 estimated prepaid items 1,791.67 which is interest for 30 days @ 69.7222 per day estimated closing costs 12,914.00 cash from /to borrower
185,294.

2007-12-27 04:48:36 · 3 answers · asked by Barbara H 2

2007-12-27 04:28:33 · 8 answers · asked by www.smiles5992 2

Yea I was suppose to be getting a Pro Xbox 360 for someone this Christmas but my priorities must come first...so he hasnt gotten it....and at the moment I am short about $201.50 so if anyone could perhaps give me some kinda Idea on how to get this rather large amount of money I would greatly appriciate it..Thx ~~"Lakota"~~

2007-12-27 02:48:37 · 2 answers · asked by Anonymous

I'm going shopping later and don't know what to buy. The money is received is from Christmas.

Any ideas ?


Jordan

2007-12-27 02:47:00 · 6 answers · asked by Anonymous

Im trapped in $2000 payday loans takes all my income $900 every 2 weeks .IS there is any high interest 6 month loan to help me pay the pay day loan? i dont care how much high the interest will be on this loan, as i couldnt get any help from any credit union banks, or any other banks, or friends or family.please help me if you can loan me the moeny with any interest rate

2007-12-27 02:25:26 · 6 answers · asked by real 1

How do you add an authorized user to your debit card? Or do you have to add the person to your checking account? I don't want the person to write checks/be on my account, but I do want the person to have a debit card. Is this possible?

2007-12-27 02:07:38 · 6 answers · asked by Heather A 2

I just got off the phone with a friendgirl and she is having the toughest time financially. My husband and I helped buy her children Christmas gifts because her and her husband couldn't afford to. (Really, we couldn't either,but we did). She told me this morning that their rent is due (not past due). She don't even have the full amout for the rent and the only thing they have in the refrigerator is butter, bread and a jar of mayo. I'm going to give her $100; not a lot but it will help. Before she hung up she asked me, what do you do when you have to make a decision to either pay your rent or feed your children. That question kind of stuck with me and I just want to know what you think.

2007-12-27 01:55:22 · 11 answers · asked by 2blessed2bstressed 2

Long story short - I went back to college at 27, got behind on bills, had to take out a bunch of student loans and by the time I graduated, I'm in debt over my head (about $10K) plus have $40K in student loans, am behind on everything and right before I went into college I bought a house - a fixer-upper - that I can no longer afford to fix up. I'm behind on those payments as well and I fear I'll never be able to sell the house (it's not a showpiece, that's for sure), especially with the market in the state it's in.

I know student loans can't be discharged with chapter 7 - but I still have to pay on them so that's why I mentioned them.

What has your experience been? Part of me wants to file chapter 7 and start over again a wiser woman. I'm just afraid and my fear is making me unable to decide and here I sit. Help!

2007-12-27 01:13:08 · 8 answers · asked by Anonymous

ok here's the thing i am wondering what the best way to go about getting a loan paid back. me and my husband lent them 700 dollars back in march so far we've gotten 100 dollars we told them to pay every other month 100 dollars and gave them a yr to pay it. they have 2 other people to pay also and every time we ask there's an excuse such as oh had to pay bills or something comes up. it's irritating b/c they still go out and do things or buy unneccessary things but can't pay anyone back. i didn't want to but my husband really did so i decided to cave knowing there was a good chance we'd fight with hiim for it his own parents said they didn't have money which is false. my husband won't ask cause he doesn't want to fight over 600 dollars but to me it's alot and we may not need it to pay bills but moving soon that would help us out. what should i do?

2007-12-27 00:49:02 · 11 answers · asked by ASHLEIGH P 3

I've got about 3 years left until I graduate with my Masters Degree. I'm paying for my own education out of pocket with grants and working and a MGIB I got while in the service.

At 22 and still not even into my first career job, am I too young to open up an IRA?

2007-12-27 00:30:27 · 11 answers · asked by Judy 5

2007-12-26 16:32:12 · 7 answers · asked by Ivana C 1

at first on my online banking it showed as "pending" but then i was eventually credited. will the bank find out?? @_@

2007-12-26 16:06:08 · 6 answers · asked by babobabo 1

2007-12-26 15:58:44 · 16 answers · asked by Dogood 2

2007-12-26 15:11:50 · 23 answers · asked by Anonymous

i need my routing number to set up a Pay Pal account, only i dont have any checks. Can i find my routing number online?

2007-12-26 14:26:39 · 1 answers · asked by Tyrone B 1

right now i'm paying for a new car. The original amount financed is around 14k april of 2007 and i have it down to 11 as of dec 07. I am paying double my required amount and i'm thinking because of the 7% simple interest i have, i feel like i'm not getting very far on this. Right now i'm thinking of having BofA or maybe a credit union take over my balance and get a lower interest rate? what do you guys think is the best move?

2007-12-26 13:40:02 · 3 answers · asked by Anonymous

2007-12-26 12:49:50 · 13 answers · asked by Anonymous

I need a debt consolidation loan. my credit score is 599. where can i get a loan to pay off all my bills and just have one payment. i tried the places like care one credit. the ones that that my money. had a bad experience (they never paid them and i got into more debt by it) so where can i get a loan

2007-12-26 12:25:16 · 3 answers · asked by Anonymous

2007-12-26 11:35:08 · 7 answers · asked by Plan2retire 1

I want to withdraw my 401K money, how much will I lose if I withdraw? What is vested balance? If I go ahead to withdraw, can I withdraw the original balance or vested balance? Thank you.

2007-12-26 11:20:23 · 6 answers · asked by Anonymous