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Money Management

Discussion and tips on sound money management.

4597 topics in this forum

  1. Trader asks famed ‘Big Short’ investor for some tips on playing the stock market, and he actually got a response

    By hegemony,
    • 0 replies
    • 1.2k views

  3. Harvard Professor Reaps 17,000% Return on Early Moderna Bet

    By hegemony,
    • 0 replies
    • 354 views

  4. Employers start to suspend their 401(k) match

    By hegemony,
    • 5 replies
    • 410 views

  5. Hand-holding in the pandemic: Wealth managers grapple with new reality

    By hegemony,
    • 0 replies
    • 2.3k views

  6. Young Adults, Burdened With Debt, Are Now Facing an Economic Crisis

    By hegemony,
    • 5 replies
    • 568 views

  7. Microsoft will launch personal finance app with assist from Plaid

    By hegemony,
    • 3 replies
    • 1.2k views

  8. Good deal on a CD

    By Beachgal,
    • 3 replies
    • 1.1k views

  9. The Gold Market Is Being Tested Like Never Before

    By hegemony,
    • 4 replies
    • 482 views

  10. 100K free loan to yourself... tax free too

    By hegemony,
    • 2 replies
    • 344 views

  11. Pawn shops in Las Vegas Valley busy with people needing cash

    By hegemony,
    • 3 replies
    • 414 views

  12. Moven Smart Banking Account Closure - Closing all accounts effective April 30, 2020

    By Burgerwars,
    • 0 replies
    • 344 views

  13. Can I still afford to retire? The coronavirus has upended jobs, spurred a market downturn — what now?

    By hegemony,
    • 0 replies
    • 1.2k views

  14. Trading Curbs In Effect

    By IndyPoolPlayer,
    • 13 replies
    • 822 views

  15. ‘It’s like a Gothic novel.’ My mom had an aortic-aneurysm rupture — my sister moved into her home and, when our mother died, never moved out. Is it too late for justice?

    By hegemony,
    • 1 reply
    • 315 views

  16. ‘My wife made a fool of me.’ She secretly saved $40K and didn’t mention she was fired 6 months ago. I drove an Uber on weekends to pay the bills. What now?

    By hegemony,
    • 1 reply
    • 869 views

  17. I’m 59, and my husband and I earn $500,000 a year — but have credit card debt and nothing saved for retirement. What should we do?

    By hegemony,
    • 3 replies
    • 479 views

  18. does a state lien become extinguished after death?

    By luckydriver,
    • 1 reply
    • 327 views

  19. Bob's Red Mill founder is still working in his 90s and loving it

    By hegemony,
    • 0 replies
    • 324 views

  20. Former Iowa governor wins Powerball, and here’s how he plans to avoid the pitfalls of past lottery winners

    By hegemony,
    • 0 replies
    • 1.3k views

  21. Why compounding debt is dangerous

    By hegemony,
    • 0 replies
    • 339 views

  22. Ask Larry: If I Die Before 70 And Haven't Filed, What Is My Wife's Social Security Widow's Benefit?

    By hegemony,
    • 0 replies
    • 332 views

  23. One-Third of Older Adults Admit They'll Never Afford Retirement; Here's What to Do if You're One of Them

    By hegemony,
    • 2 replies
    • 372 views

  24. I made headlines as a personal finance guru. Within months, I was drowning in debt

    By hegemony,
    • 2 replies
    • 746 views

  25. How $98 trillion of household wealth in America is distributed: "It's very depressing"

    By hegemony,
    • 1 reply
    • 377 views

  26. The secret to financial success: Paying off debt

    By hegemony,
    • 0 replies
    • 356 views

  27. Here’s where most Americans are really getting their retirement income

    By hegemony,
    • 2 replies
    • 1.4k views

  28. Vanguard investors may be filing taxes later than expected. Here’s why

    By hegemony,
    • 0 replies
    • 270 views

  29. ‘Even two paychecks can only go so far.’ Skyrocketing child-care costs put aspiring home buyers in a bind

    By hegemony,
    • 3 replies
    • 315 views

  30. Skytra to offer futures and options contracts based on indices that track price changes

    By hegemony,
    • 0 replies
    • 249 views

  31. You Won't Believe How Many People Retire Sooner Than They'd Like to

    By hegemony,
    • 0 replies
    • 259 views

  32. Victim Assistance Program-District Attorney

    By StarkRaven$,
    • 0 replies
    • 267 views

  33. Nobody Makes Money Like Apollo’s Ruthless Founder Leon Black

    By hegemony,
    • 0 replies
    • 281 views

  34. No One Gets Rich by Shunning New Cars and Lattes

    By hegemony,
    • 2 replies
    • 415 views

  35. “He didn’t run from death fearfully — he accepted it like a man,” he said. “He was a man of his word. He was a man of ethical action. He was a man of faith. I’d be blessed if I died as bravely has he did.”

    By hegemony,
    • 0 replies
    • 290 views

  36. Taco Bell will try paying some managers $100,000 a year — but In-N-Out Burger already pays managers $160,000

    By hegemony,
    • 4 replies
    • 1.6k views

  37. Here are the best and worst U.S. states for retirement

    By hegemony,
    • 12 replies
    • 583 views

  38. The Hidden Dangers of the Great Index Fund Takeover

    By hegemony,
    • 0 replies
    • 260 views

  39. I tried ‘Kakeibo’: The Japanese art of saving money—and it completely changed how I spend my money

    By hegemony,
    • 1 reply
    • 1.3k views

  40. Why retiring at 65 could become a thing of the past

    By hegemony,
    • 6 replies
    • 421 views

  41. Sidewinder and the Splendid Spreadsheets

    By Sidewinder,
    • 0 replies
    • 313 views

  42. How to survive the coming retirement crisis

    By hegemony,
    • 2 replies
    • 305 views

  43. Beware of 2020's Stealth Social Security Cut Those who are just becoming eligible for Social Security should know about what's happening to their benefits.

    By hegemony,
    • 1 reply
    • 371 views

  44. Fake Friend Requests Getting Out of Hand on Facebook

    By Burgerwars,
    • 1 reply
    • 321 views

  45. Paying with "Target Wallet" in-store

    By Sidewinder,
    • 3 replies
    • 388 views

  46. Inheriting a parent’s IRA or 401(k)? Here’s how the SECURE Act could create a disaster

    By hegemony,
    • 2 replies
    • 355 views

  47. Bitcoin Price Could Hit $250,000 By 2020

    By hegemony,
    • 1 reply
    • 316 views

  48. Big changes coming in how you save for retirement

    By hegemony,
    • 4 replies
    • 487 views

  49. Help! Want to start a Roth IRA

    By jodyangel,
    • 3 replies
    • 494 views

  50. are there any concerns in rolling over 401k from prior employers

    By semidevil,
    • 4 replies
    • 502 views

  51. 529 vs prepaid Plan for education

    By semidevil,
    • 1 reply
    • 350 views

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  • Our picks

    • Collections, but Comcast didn't let me pay.

      FixTheProblems posted a topic in Credit Forum,

      Hello good folks,
       
      Background: last October, Comcast locked my account because *a stranger* (mistakenly) paid for it with a credit card, and later disputed the charge with their credit card company and did a chargeback. Comcast made it so I couldn't use any type of credit/debit cards to pay. It took some give months to even expose this issue, as agents didn't know why my account was locked. I cancelled my account but they still wouldn't let me pay. Eventually, they sent it to collections, which very promptly hit my credit history with a "Collections" derogratory record.
       
      Unfortunate timing, because I'm in the market right now for a mortgage. Without this note, my credit history is close to perfect, with FICO8 of 835+, and VantageScore3 of 810+.  With this, the scores drop to about 710 and 760 respectively. Meaning, either mortgage denial or higher interest rate, leading to huge sums wasted.
       
      My questions are:
      1) What is the best way to get this rectified and get this record off my history?  
                  - Is it possible to do a "pay for delete"?  
                  - Should I be talking to Comcast or to the collections agency?  
                  - Is there something I need to to in the interim, like disputing the record?  
                  - What would be the fastest way to deal with this? Ideally, I want to apply for a mortgage in the next week if possible. If not possible, in the next 3-8 weeks.  
       
      2) Are there particular mortgage lenders that use a more favorable scoring so this one single negative record doesn't hurt my mortgage rate?  
                  - My understanding is, FICO8 has this 120+ point drop for the first negative record, while other scores (like VantageScore3) doesn't drop so dramatically. Is this correct?
       
      Thank you very much in advance.
      • 67 replies
      MarvBear

      Picked By

      MarvBear,

    • Titty Bank Wants More Smoke

      RehabbingANDBlabbing posted a topic in Credit Forum,

      So my DH had a Citi/Best Buy card that was charged off in 2017. After beginning our credit repair process, I noticed the account was reporting the payment history inaccurately on Equifax and Experian. We disputed many times, then ended up suing them for FCRA violations. They settled the case by forgiving the debt and deleting the account from all reports.
       
      But now they’re back! In 2020, they sent us a 1099-C for an amount just a little bit shy of the balance. I believe it was just the principal balance, which amounted to $4,600. Well, as you know, it’s tax season. And who decides to send us another 1099-C for the same account/debt? Titty bank. They put the full amount of the debt this time; which was about $600 more than the first 1099-C they sent.
       
      I have consulted my lawyer because it seems illegal for them to write off the same debt twice. He has advised we should sue them again. While I’m sure we can win the case, litigation and settlement takes about a year to do, based on our past experiences. It ended up costing us an extra $1,200 in taxes this year. What do y’all think? Should we spend more time and effort on this situation? I’m pretty sure Titty also violated terms in our settlement agreement for the FCRA case as well, in regards to them not pursuing further collection activity.
       
      Any advice would be appreciated.
      • 24 replies
      MarvBear

      Picked By

      MarvBear,

    • American Express Member Since

      MP80 posted a topic in Credit Forum,

      I have come across a credit topic involving data point information that concerns AmEx's D* policy (which no longer exists) which triggered and raises an important question that may be of interest to anyone who has an AmEx credit card in their relationship history with AmEx.

      This is to give credit and courtesy to an excerpt from the @cashnocredit post...
       
       
      "I had an Amex in 1974, which closed in the early 80s. Opened a new one in 2011 but they didn't backdate me then. Had no record of it (which was always paid on time)."
       
      Question? 
       
      Does AmEx have all your previous applications and cards approved and store all positive and negative data indefinitely?
       
      MarvBear

      Picked By

      MarvBear,

    • Vig's Points, Miles, Cash Back, Earnings, Redemptions, and Shenanigans 2023 Edition

      TheVig posted a topic in Credit Forum,

      I decided to continue another year of my glorified spreadsheet. 2022 was a disappointment in the shenanigans dept. Most of the dive hotels I stay at did remodels during the pandemic. Not too many WTH moments. Disciplining myself to go under 5/24, allowed me to add a Chase CSP and CFU to the mix in 2022. The various dumpster dive apps I use paid off. To the tune of about $2000 in value.
       
      Inflation being what it is, I'm more hyper sensitive than ever on what spend goes on what card, to maximize spend multipliers.
       
      Credit Cards:
      Amex Gold & Every Day MR 441,390
      Amex Delta SkyMiles 205,415
      Citi MileUp MC American Airlines 69,345
      FNBO Amtrak Guest Rewards MC 135,948
      Chase CSP / CFU Signature Visa UR 101,559
      Chase IHG Traveler MC 66,064
      BofA Customized Cash Rewards Visa (3% Travel) $0.88
      Citi Double Cash MC (2% CB / TYP Everything) 21,186
      Citi Premier MC Thank You Points 34,280
      Choice Privileges Visa Signature 360,660
      WF Active Cash Signature Visa (2% CB Everything) $87.44
       
      Shopping Portals and Apps / Stacking Opportunities:
      DOSH (CB) $18.56
      Rakuten Amex MR Earning. Pays out quarterly. Points Pending: 6857
      Fetch Rewards (GC) 27,439 Points
      Ibotta (CB or GC) $7.65
      Upside (CB or GC) $14.15
      CoinOut (CB or GC) $8.65
      Payce (CB) $18.97
      Receipt Hog (CB or GC) 3156 Coins
      Receipt Jar (GC) 2013 Points
      Receipt Pal (GC) 4725 Points
      Shell Fuel Rewards (Earning AA Miles 2miles/gal.)
      Starbucks / Delta SkyMiles (Earn 1 SkyMile for every $1 spent at Starbucks)
      AA Simply Miles
      Airline / Hotel Dining and Shopping Portals
       
       
      • 170 replies
      MarvBear

      Picked By

      MarvBear,

    • When will this last baddie actually drop off??

      tps7c posted a topic in Credit Forum,

      Hi Everyone!
       
      I have one last bad account, unfortunately a repo, that is still on my Experian and Equifax reports. Before Experian changed their report format, at some point last year the repo account said "on report until April 2023." Well, it's April and it's still showing. Could it be until the END of April? Would it be worth calling Experian's backdoor number and asking about it? Maybe sweet talking them to delete it early? lol
       
      What do you guys think? In comparison, this account was scheduled to drop off my Transunion report in January and was gone in December. Equifax is the worst and it show dropping from the report in July. 
       
      Thanks guys!
      • 15 replies
      MarvBear

      Picked By

      MarvBear,
    View All

  • Posts

    • RichieRich2
      I just got approved for a $500 Discover card!

      By RichieRich2 · Posted

      I second his question though.. isn't it important to show use? Like use that card once a month to fill up my tank, then return it to said drawer.   I also got approved for a $1000 First Premier card. I'm still debating Snowball vs Avalanche method for my other cards. The conclusion I keep coming to, is: "Pay off the largest balance which is larger by 4x than any of your other balances so it doesn't eat you alive, then turn the guns on your next highest balance" - about 2 or 3 months of this and I should be allll paid off, .... I am not sure if that is Snowball vs Avalanche but since all the interest rates are high, that seems my most logical point of attack.    I still have the chance to manage this $500 Discover/Capital One card and $1000 First Premier card properly. I could have sworn that First Premier does NOT charge an Annual Fee but, given that is now my 3rd highest limit.. how do I handle that, too?
    • Flyingifr
      I just got approved for a $500 Discover card!

      By Flyingifr · Posted

      You are talking about Cap1 - an bank that is stingier with CLI's than the Grinch.
    • supern8ural
      Has anyone successfully got their interest rate lowered?

      By supern8ural · Posted

      Well this is an old thread, but coming back to this because the promo period on aforementioned AmEx BCE is expiring soon...   Now before anyone jumps in, I feel obligated to point out that I just paid off my statement balance on the BCE last month and have an auto payment scheduled for this Friday to pay off the statement balance again this month, so I've actually paid off the balance transfer early and should be able to avoid interest on any purchases (I do use the card as well, as the promo included 0% on purchases).   Anyway, I called them today as while the prime rate has gone down it's still 24.49%.  Did some digging and compared the generic cardmember agreement with my own   Category - generic CM agreement rate - my rate   Purchases - Prime + 12.74 to 21.74% - Prime + 17.74% Balance Transfers - same Cash Advance - Prime + 21.99% - Prime + 21.99%   so my purchases APR and BT APR are 5% higher than their lowest advertised rate.  This cannot stand!  especially since two of my FICO 8s are now >800.  (not sure why Equifax is stuck at 798...)   Called today and the lady was very nice - I seriously have nothing but nice things to say about AmEx's customer service.  Really should have got with them years ago.  I never have had a truly bad experience with credit cards, but AmEx really does seem to be trying harder to make sure I'm happy.  Anyway, I was told that they can't re-evaluate until the promo expires so please call back the day after it does so.  Fair enough, I'm setting a calendar reminder now.  There's the important info I came here to post, AmEx won't re-evaluate your APR while you're in a promo period apparently.  Anyway, this would be the last card I have where my interest rate is higher than the lowest advertised rate for that card (it's also my newest card).   My Costco Anywhere Visa is now at 18.74% which is actually lower than what they advertise now (19.49 - 27.49%) so I did call to get that lowered but apparently neglected to post the data point.   Now my Macy's AmEx (actually a Citi card) is an eye watering 32.74% but I don't really know if it's even worth it to call them as apparently they don't bother to evaluate you, that just is what it is.  I really only keep that card around to fatten my profile - I got it to get a fat discount on a watch I wanted a couple years ago and that really seems to be all it's good for, I just buy lunch on it once every six months or so and then pay it off.  I don't even ask for CLIs on it after they hit me with a hard pull a while back.
    • TheVig
      More Americans are relying on credit cards to buy groceries, new study finds

      By TheVig · Posted

      https://www.foxbusiness.com/economy/more-americans-relyinh-credit-cards-buy-groceries-new-study-finds    
    • TheVig
      The yoopers are poop'n

      By TheVig · Posted

      Taco Bell investigated as lettuce emerges as possible source of cyclosporiasis outbreak    

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Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.

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