Common Sense is correct - if you say I want to payoff my loan today and be rid of you ante up $12,657.83

If you like paying interest or can't afford to pay Ebeneezer then
you owe $16,613.29 until your next payment is due with interest

The previous answer is incorrect. You owe as of today the 12,657. If you make all the payments you will pay 16,613.

$60 per month for a website for your business. (if you don't have a business pretend you do), no up front fees.

would you pay more/less?

plz ALL answer

No. Not without knowing what that $60 includes.

why not???it`s better than the american.

My student loan total comes to about $20,000. I am planning on paying about double the required payment, on time, each month (and more if I get a better job!) Would it be possible for me to get a mortgage on a house in about 5 years if I pay my loan off on time every month until then? I don't think it will be paid in full at that time, but it should be 3/4 of the way paid off. I'm just trying to do some financial planning for the future. Please guys, only respond if you have PERSONAL experience with purchasing a house when you've had outstanding student loans, or if you work at a bank and have first hand knowledge of the requirements. Thanks!

There are a number of factors considered when you apply for a mortgage. Your job, the length of time you have been at the same job, etc. as well as your credit score. A student loan isn't any different than any other debt. If you owe so much that your debt to income ratio is too high (you cannot make your monthly payments), you will be denied a mortgage. In order words, your student loan will be added to all your other debts, to determine your debt to income ratio. It is great you are paying off your student loan but do not incur other debts along the way because the student loan might be paid off by your other loans might prevent you from getting a mortgage. In addition, don't pay so much on your student loan that you cannot save for emergencies and a down payment for when you apply for a mortgage.

Also, since mortgage interest is tax deductible and you are gaining nothing by renting, don't put off buying a house in a couple years just because you have student loans. If you can comfortably make a mortgage payment and your student loan payment, then consider home-ownership.

You shouldn't have a problem if you have income that shows that you can afford the payments on the student loans and the house, and your credit shows a good payment history for anything you owe. Remember you'll need to save up a down payment for the house, so don't put ALL of your extra money on the student loans, even though you're plan to pay them off asap is good.

It really completely depends on your income, and what other debt you have.
By that point you will have very well-established credit, with great installment-loan history. Your only problem you may run into is your income vs. your debt, known as the debt-to-income ratio. That's why it depends on what other debt you have as well.
If the 1/4 of the loan, or roughly $5k, is the only debt you have at that point, then you should be fine.

If your credit score, debt to equity and down payment support a loan you should be able to get one.

The finnacial melt down in 2008 is people with little income buying to much house

It depend your income, how much house you want to buy
Usually your house to income ratio is 2.5.
For example , your income is 100k, your ability to buy the house is 250k. Depend of your down payment too.
First and Foremost.

KEEP YOUR FICO score clean.

iF you want to purchase a house in 5 years. Do not buy a fansy car, do not buy expensive itemand put on the credit card.

In the mean time, put aside for Retirement account like 401k, Roth IRA.
Do not put on credit card debts.

In my personal experience, When I purchased my home, the day i choose my home and the day closed on the house. Except the built on land. There was no hitch on paper work. The bank was able approved my loan instantly after credit check, asset check, and debt check
AT the time i am buying. My 401k, Roth IRA, cash on hand total about 150 k and no debt.
They are happy to sign the loan for me without hesitate.

Save a certain amount of money.. I always end up having to spend the exact amount that I just saved?

lol it's like your being watch by the money patrol :P

unforeseen occurrences

im quite frightened

The clock you were using automatically reset itself for Daylight Savings Time.

It's Daylight Savings Time! Everyone loses an hour at midnight. Everyone has to set their clocks back on hour.

Silly question really I suppose, and someone will shoot me down, I'm sure. .... But -why do we all let the banks have our money at 0.5% interest (if we're lucky) and pay tax on that so they can pay themselves huge salaries and bonuses, for lending (our) money to others at high interest rates? - What's the point?

Why don't we all just draw our money out in cash, rent a deposit box and just put it in there for safety?

No interest, so we don't pay tax.

The banks can't lend it out, so they need to have it so have to offer a decent return to persuade us all to lend it to them again.

There must be a catch, but I can't see it. After all, inflation (UK) is pretty well zero or negative now, so we have nothing to lose...
Well, -have we?

Banks don't need to pay us interest.
Last year they made 40 billion in overdraft fees.
Heck, with those profits - they don't even need to make loans.

Thank the idiots who keep overdrafting and making windfall profits for the banks.
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They ARE paying 'proper' interest. The fact is 'proper interest' is DEFINED by what they have to pay in order to attract enough deposits to meet THEIR needs. If they need more deposits than they are getting, they increase rates to attract more.

Interest rates are at record lows. I don't see any of the people that are refinancing their mortgages complaining. How much of an interest rate can you expect when mortgages are at 5.0%? You have to take the good with the bad.

Why don't you just go to a credit union? Mine offers 6% on checking.

Yeah, go ahead and do that. Ruin the banking system. Make the current recession look like a walk in the park. When all the banks go bust, where you going to get a car loan, a home loan, a student loan, a business loan? Moronic ideas like yours make me better understand how we elected a buffoon like Obama. If you think you have this idea so good, go to www.prosper.com and loan your money out to people who can't otherwise get loans at high rates and tell me how it works out for you.

That's why I opened an online high interest savings account. Until the interest dropped to 1.5% then I invested in some bond mutual funds.

Because they can.

(Seriously. The bank who owns them sees a chance to make a profit, so naturally they're going to take it!)

If you stick with only ATMs in your own bank's network, they won't charge you those fees.

These ATMs are owned by third parties; not your bank. They are sort of like real estate agents who don't own the house they're selling, but get a commission on the sale.

If you use an ATM owned by your bank, there shouldn't be any type of charge.

Also to cover operation cost.

So they can make money off of your transaction.

it wasn't a mistake on the bank's part - Online they have an actual picture of the deposit slip signed by the creep - with his name and everything! I don't know this guy or anyone with his name at all. worried :( Was it a stranger being nice and doing a deed (but 50 cents?! WTF) or was he doing something fishy? Could he be trying to hack into my account somehow? PLEASE HELP, thanks!

You'd better change your account number because obviously he has your account number to make a deposit. That may have been a trial run with a small amount to see if he could do it; he may be planning a bigger transaction next time.

ANYONE can deposit into your account if they have your account number, so consider the message from the depositor. You MAY want to consider changing account number, but be advised that NOT just anyone can withdraw from your account just because they have the number. Talk to a bank officer about your security concerns.

PS--do you KNOW the person who made the deposit ? Maybe it was just an account number error on the deposit ticket.

You should ask the bank to put a password on your account. I would be concerned that the perp is planning to make a withdrawal from the account in the future.

Realize that your account number is on your checks. Any person you give a check to will have your account number. I would avoid giving checks in lots of situations for this reason (day laborer, etc.).

OMG that is so funny, wtf lol, leave it be your 50 cents richer man!!!, what if next time he puts in 10000£ , he might of just felt like doing something random.

yer he could be trying to hack in so mabey you should see a finacial adviser at the bank and just ask about your security of your account im sure they will know what to do.

This could indeed be bad news. Your best option is to immediately close the account and then simply open a new one. Using the same bank is ok. It is a hassle if it's a checking account, but the peace of mind could be invaluable.

maybe he had the wrong account number.

you should at least notify the bank, so that they know about it.

and i would not worry much about it, however if it happens the second time, i would definitely file for a banking complaint.

Talk to a manager at your bank before you do anything drastic,

They was a question on here from another user on settling his debt. He said he settled with other creditors for half what he owed but american express wouldn't settle for less than 85% of his debt. Well he wanted them to take a lump some of 50% and they refused to take it.
If you have they money to pay the lump somes to all these creditors,why can't they pay what they owe.
If you can't pay your credit card bills you have 2 options. 1 Debt management the other bankruptcy.

I saw the same question and was appalled by his attitude like "How dare they refuse to settle at 50%"!!! My personal thought is that 90% of society has lost their sense of financial responsibility. They act like spoiled 7 year old brats who pout until they get their way. This is the same population of people who rushed out to buy a house at the height of an obvious housing bubble, but now want the bank or the government to help them out because they cannot be responsible enough to man-up to the debts THEY signed up for. No one seems to think that there is or even SHOULD be consequences to being irresponsible with someone else's money.

Yes, I bought at the height of the housing bubble, not knowing what the future would hold, all I knew was that the apartment I lived in went condo and I was forced to move. Afraid the same thing would happen again, I bought instead of renting.... it is expensive to move after all. Report Abuse

so I got married, had to move, tried to sell for 2 years, got divorced, had to change jobs, work on commission, lost my house, filed bankruptcy, moved to home town, made 16k so far this year.... so NO I was not irresponsible, I made some bad decisions. 1-buying 2-marriage 3 changing jobs-no choice Report Abuse

Nice day for a rant.

Do you have a question?

I am an absolute beginner at this, but would like to know how and where to start.

There is a course/book called The Ebay Auction Success Kit it includes 9 different ebooks on how a beginner can become a successfull Ebay seller. The kit will show you the following

How you can start selling in under 10 minutes!
How to get the highest bids and maximize profits!
How over 25 successful Powersellers have generated easy profits from eBay!
Savvy buying, selling, and business advice from eBay Experts!
Numerous verified and proven tips to faster eBay profits!

Also included

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Bonus eBook: Auction Explosion
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And much much more.

I hope that this answers your question and I hope you take a look at the site.....You have nothing to lose and everything to gain! Best of luck, Mark


The link is....

http://hjlas.com/click/?s=105133&c=12245…

I second renting a book from the library. Some of these so called "ebooks" are in fact spam. Try checking out reviews on Amazon.com to see what other readers thought of the book.

Our local library has a book called Ebay for dummies.
I bet you any bookstore would carry it too.
Go to the computer section of your bookstore.
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Example: Drawer writes a $5,500 check, drawn on Bank A, to Payee. Payee has an account at Bank B but not Bank A. If Payee simply endorses the check and deposits it into Payee's account at Bank B, the deposit may be held for several days. Can Payee avoid having his funds held by simply presenting the endorsed check to Bank A, immediately obtaining the cash, and then depositing the cash into Payee's account at Bank B (assuming Payee is willing to carry around that much cash)?

If you take a check to the bank that it is drawn on, they can immediately verify the customers signature and see if there are funds available in their customers account. They could then cash it for you if the money is there and you could deposit it at your bank (anytime cash is deposited, it is available immediately. If you take it to your bank to deposit, there is a chance that they will place a hold. Hope that helps!

Ok you will really didn't have to type all of that but if the person that writes you a check give you cash then no you don't have to wait the period. The only reason they make you wait that time is to make sure the check goes through.

When a credit lender declares bankruptcy, the bankruptcy court appoints a receiver. This is an indepentant party which handles the finances of the bankrupt credit lender, and it is done under the supervision of the bankruptcy judge. That party collects money from the borrowers, and uses the money to pay the outstanding bills which the credit lender owed.

In many cases the lender is only a servicing agent and does not fund the loan. If the servicing agent folds and is FDIC insured, the lender is taken over by the government and nothing changes. If the servicing agent is not FDIC insured and closes it doors, the investors that funded the mortgage will find a new servicing agent.

If the investors that fund the loan folds, other investors will purchase those loans and may or may not change servicing agents.

In any case, you will be notified who the new servicing agent will be.

When a lender folds then the business is bought off by another lender and you pay to them.

Don't worry... they will send you a letter explaining that they "bought" your debt and that you need to send the payments to such and such address from now on.

Sorry.... it doesn't just go away....

That's a pretty high return: 60%. I would say you need a salable skill and spend the 100k on tools of the trade.

You are not being reasonable. Even a 6% annual return on 100K would return $6,000 or $500 a month. You can't be naive enough to believe anyone would offer $5,000. a month when the current rate is closer to $500. a month. Get real !

Thats 60% annually. If there were any guarantee like that, nobody would be poor.

Honestly, learn to play poker. With that bankroll I could EASILY make 5,000 a month.

That is going to be hard. My best ideas are below.

Put it in a shoe box.. you can take $5K / month for 20 months.

it is my whole lifes dream to have 1,000 for me to do what ever i want with.im 15.

what will you do with 1,000 and had no problems to take care of?

Options of purchase:

Laptop
iPod
A BUNCH of golf balls and a cheap golf club (hit the ball into the woods or pond or yard, etc.)
Open a PayPal Account (Free) and go nuts on ebay
Proactiv
iPhone (or other COOL cell phone)
Just spend it on food, and useless items from Walmart (like a sling shot)
Professional Slingshot - (Are cheap now, like $12)
Sony Stereo System (500 watts) - $99.99
iTunes Music
HD Flip Video Camera

Woow... 1,000 is not much money. Sounds like a lot but it would not pay one month's rent in New York. Okay, at 15 - I would put it in the bank to save for a car. You could use it as your down payment.

One thing I can tell you - if you don't know what to do with it - save it b/c soon enough you will wish you still had it. If you blow it on something that you absolutely have to have - you will regret it.

Good luck.

1,000 dollars? im assuming thats what u meant.

i would probably...
get a laptop
or
give it to charity
or
redecorate my room
or
shopping spree!
or
college money
or
buy a bunch of gifts for my friends!!!






















.

I currently make right around 30,000 a year, I have one child and my wife is unemployed currently. What welfare benefits would I qualify for?

The 2009 poverty line for a family of 3 is $18,310. You do the math.

Every state has income limits for different types of welfare. You more than exceed that limit. Sorry.

Our country's debt currently is $110,000/tax payer.
You made $30,000/year, please help this country by not receiving welfare.

You make to much to get anything. There are people out there making less than you that don't get anything.

If you're employed and earning $30K a year, what makes you think you would qualify for welfare?

None

What specifically do I need to do to be eligible to transfer my pension to a Qualifying Recognised Overseas Pension Scheme (QROPS)? And what's the "5 year rule" all about?

First thing - the "5 year rule" is vitally important. A QROPS realistically is only of any benefit to somebody if they intend to live or work abroad for an extended period of time, or if they are already living abroad.

The "5 year rule" relates to the legislation to which QROPS providers must adhere. You must be non UK resident for a period of 5 complete tax years. That's tax years, not calendar years - 6 April to 5 April. It might end up being nearer 6 years for some people.

Within the "5 year rule" period, the QROPS provider must report back to Her Majesty's Revenue and Customs about any capital or income payments that are made to the pension fund holder, and therefore the scheme must fall inline with what you could have done within a UK pension scheme anyway. So you can’t take too much income out and you can’t take extra tax free cash.

Beyond 5 years, the reporting requirements cease and therefore there is more flexibility in the options available for taking income from the QROPS pension scheme and more flexibility in the permitted investments as well. You then fall under the guidelines of your local jurisdiction and that might allow more esoteric types of investment - it can even include residential property.

Now this doesn't mean you have to leave Britain and never return. To be classified as non resident, you don't have to be outside of the UK for the whole 365 days of each year in the 5-year period. The UK authorities will let you in for a few days!

The way it works is most European jurisdictions if you want to be resident there, you need to spend at least 183 days in that country. Now there is also a rule within the UK which says you shouldn’t really spend more than 91 days. Residency is complications, but a reasonable rule of thumb is to not spend more than 91 days in the UK during the 5-year period. It's not a prison sentence, but equally the rules are quote specific.

Main point - discuss your specific situation with a Financial Services Advisor.

QROPS are overseas pension schemes specifically designed to accept transfers for people in the UK. Generally, to transfer in you need to be non-resident in the UK for tax purposes. The QROPS needs to have similar rules to UK schemes for the first 5 years for which you are non-resident. After that it doesn't - so you may be able to take the whole fund in cash.

We can't provide you with specific advice on QROPS and you. That's what you are paying your financial adviser to do. If you don't trust him, find another one.

What sort of people are transferring their retirement savings into QROPS (Qualifying Recognised Overseas Pension Schemes) and why?

The main people are those who are already "expatriates" - they may already be resident in continental European jurisdictions or anywhere in the world.

I'm seeing more people who have the intention of retiring or working abroad in the very near future. The main advantage of QROPS that my clients talk about is the absence of a requirement to purchase an annuity or go into what is called alternatively secured pension by the age of 75 years. By moving to a QROPS and being non resident from the UK that ruling largely falls away.

That in itself might not seem advantageous but one aspect that people don’t like about pensions is having to buy this annuity. The concern is that the capital that people have saved up during their life can be lost to their estate at death, which I’m afraid comes to everybody, leaving nothing to pass on to their heirs, their spouse, their beneficiaries.

In a QROPS that requirement to buy this annuity is not there, so people can retain the pension fund for the rest of their life and then on death 100% of that fund value - whatever’s left - can actually pass on to their nominated beneficiaries. There are even more benefits thereafter in that in many jurisdictions in which QROPS exist - places like the Channel Islands and the Isle of Man - no tax is levied on the money paid over.

Now you have got to be careful, some jurisdictions will have some form of death taxes or succession taxes (In the UK we call it inheritance tax). But at least you’ll know if you are in a QROPS environment and you have been non resident from the UK, you’ll have no liability to the UK inheritance tax on the monies that you pass down to your family.

I have $600 to spend what some good ideas to spend it on? What would you spend it on?

if it were me id buy a ps3 lol.. im a geek! :D
but yeah buy whatever makes you happy

If everything you own is paid for and you can easily pay all of your living expenses, then spend it on making yourself a better person. If you are making payments on a credit card, car, mortgage etc. then apply it to the principle of which ever has the highest interest rate.

This "INVESTMENT GUIDE" is more helpful for you TO MAKE
YOUR MONEY TO MAKE MONEY FOR YOU,without taking any risk.
To gain more basic information TO SPEND YOUR MONEY BY INVESTING TO GET GOOD RETURNS REGULARLY,just gothrough the texts and links in the pages of this site
http://www.savings4future.com .....

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I would save at least 50% of it. You may have $600 today, but what about a month from now? You might regret what you splurged on.

This really depends on the individual. Maybe take out your parents to a fancy dinner?

I'm going to be boring and say save it. Sorry...

save it

I do not know what kind of credit card to apply for me to have a 3% off every time I shop at target online or in store. Can I apply online? Pls. help... Thanks

Someone already mentioned the two possible 2% reward cards for spending at Target. However, I think the details were not quite complete; I'll explain. Also, there are ways to earn as much as 8.3% cash back at Target online. Here are the details:

1. The Schwab Visa will pay you 2% cash back, but, to get the cash, you have to deposit the money to a Schwab account.

2. The Fidelity American Express will also pay you 2% cash back, but, they will cut you a check. You do not have to have a Fidelity account to get the cash.

3. (This option is only good for *online* Target purchases.) If you use a Discover card and surf to Target.com via the ShopDiscover shopping portal, then you'll earn 5% cash back in ShopDiscover rewards plus approximately 1% cash back as your normal Discover More card (for example) cash back.

4. Perhaps the best option, if you'll be shopping primarily online at Target.com, is to make your purchases through the BigCrumbs.com shopping portal (i.e. just surf to Target.com through BigCrumbs.com). Then you'll earn 6.3% cash back on your Target purchases from BigCrumbs. (Note that it's 2.7% on TV and Video, Audio, Camera, Video games, but 6.3% on everything else.) Plus, you'll earn whatever cashback you get from your credit card. So, for example, if you use the Fidelity American Express, you'll earn 2% cash back from your card, plus 6.3% cash back from BigCrumbs, for a total of 8.3% cash back.

There is an Amex that gives you 6% cash back, but you have to spend 6K first and then there are limits.
Boo-hoo on that.
The best you will find is a card that gives you 2% cash back everywhere.
There are two that exist.
One is the Fidelity Invest Card, but you have to open an IRA.
Charles Schwab has an easier one also offering 2% cash back.
All you have to do with them is open any kind of account - even a savings or a checking (pretty sure).

There are also some 5% cash back cards - but they are only for cash back on gas.
None of the cards I mentioned have annual fees or limits.
Amex may have an annual fee.
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