Comment by Michael Richardson on I closed my CU checking/savings accounts....
@wimi The OP hasn't stated that, as of yet. Everything he has said so far matches an autopay from an external source hitting a closed account.
View ArticleComment by Michael Richardson on I closed my CU checking/savings accounts....
@quarague The most likely scenario is that the autopay was set up through the landlord and was not changed when the OP closed his bank account.
View ArticleComment by Michael Richardson on Is it possible to pay the remaining monthly...
This really is the best answer, as it addresses the fact that if you are selling the property, you aren't going to have the option of keeping the mortgage.
View ArticleComment by Michael Richardson on What would be a recommended interest rate...
Can your friends actually afford the car? With their income barely covering their outgoing, it heavily points to the car being too expensive for them.
View ArticleComment by Michael Richardson on What happens if you don't pay a bank's...
I don't believe I have ever been charged a closing fee when I've closed accounts.
View ArticleComment by Michael Richardson on Am I being scammed after paying almost...
Did you pay $500 (what the body seems to say) or $10,000 (from the title)? It's a scam either way, but maybe clarify that bit.
View ArticleComment by Michael Richardson on What professional should I seek out to get...
Are you and/or your wife currently working any overtime or working a additional part-time job? A financial coach isn't going to magically make more money appear. They will help you trim your expenses,...
View ArticleComment by Michael Richardson on What professional should I seek out to get...
There are many helpful youtube videos related to financial planning and debt reduction. I do recommend the Ramsey videos as they helped me organize my budget and attack my debt when I felt I had zero...
View ArticleComment by Michael Richardson on Somebody sent me a check to deposit into my...
@nanoman A better comparison would be they give you $100 to pay $1, you give $99 in change, and the $100 bill is counterfeit. There is a reason that most retail outlets don't take anything above a $20...
View ArticleComment by Michael Richardson on Switching health insurance due to birth of baby
@kk7534 Responding to "rather than throwing money into a more expensive plan for no reason." If the pregnancy is one that has no issues and that requires no specialty tests, procedures, or medicines,...
View ArticleComment by Michael Richardson on I found out I was the primary on a car loan...
@Prem As others have mentioned, the designation of "co-signer" and "primary" is a matter of semantics rather than of any actual difference. The car is collateral on a loan that either was in default,...
View ArticleWould it be beneficial to not claim my daughter as a dependent so that she...
I am in the position of making enough money so that my daughter does not qualify for a Pell Grant. However, due to financial issues (primarily stemming from past medical expenses) I am not able to help...
View ArticleAnswer by Michael Richardson for How can I support myself financially as a 17...
One possibility would be to look for any local stores or restaurants that offer delivery services. I say "local", as many of the chain stores and francises require their drivers be 18 and have 2 years...
View ArticleAnswer by Michael Richardson for How can I force a bank to close my account...
Escalate your conversation to the next level of support. Repeat if needed.If you do not have a local branch available to you, and must do this over the phone, you should ask for the supervisor and then...
View ArticleAnswer by Michael Richardson for What are the pros and cons of a credit card...
One CON that I haven't seen directly addressed is that, in general, spending significantly increases when a credit card is used.Depending on the study, this can range from a mere 12%-18% increase to a...
View ArticleAnswer by Michael Richardson for How can I offset the risk of a market crash...
As a frame challenge: You should absolutely hinge a large part of your retirement upon the performance of the market over the next two decades.Diversified investment in the stock market is a very good...
View ArticleAnswer by Michael Richardson for How can one be financially devastated by...
Potentially, you could (eventually) face jail time.If you live in a state that allows it, when you fail to follow a court's order to appear for a hearing or make a payment, then you may be held in...
View ArticleAnswer by Michael Richardson for Is it wise to keep some savings in a cash...
As a simple plan, divide your money/assets into 3 categories.3-6 month emergency fund. (Liquid and Accessible)Need access to within 5 years. (Preserving)Do not need access to within 5 years....
View ArticleWhat is the tax liability on a Primary Residence that was turned over as Deed...
2010: Home was purchased in New Mexico, USA. Negligible down payment. PMI included. Price $152k2019: Attempted short sale due to hardship (moving to a new city after losing job). Short sale failed with...
View ArticleAnswer by Michael Richardson for Would being a co-applicant on a loan have...
Depending on the terms of the loan and how the interest rate is calculated (ie is it a flat rate, or could adding you to the loan decrease it), it is possible that adding you to the loan could result...
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