Jump to content

DollarDog

Members
  • Content Count

    671
  • Joined

  • Last visited

Recent Profile Visitors

233 profile views
  1. If your parents can't afford property taxes and maintenance, then they may not be able to stay in the house. Have they talked to a financial advisor? Do you have power of attorney over their finances?
  2. Let's not vilify the poster who was screwed over by their parents. We all have families, and we all know the dynamics involved in those relationships. The poster has the right to be angry. They're looking for help.
  3. The poster's parents have the car. See the first post. If your parents filed for bankruptcy in January and the car hasn't been repo'd in July, it's likely it will never repo'd. They won't be able to legally sell it or donate it. You could wait out the SOL and then use that as a defense if you're sued. And of course after 7.5 years, it will disappear from your credit reports. The SOL doesn't mean you can't be sued. Anyone can sue anyone for anything. You could end up dealing with this for a long time. Since they haven't repo'd it, maybe you could settle with them. Have you talked to your parents about this? They could certainly make payments if they wanted to. I'm sorry this happened. Parents should not do this to their children. Parents should protect children not cause them financial harm.
  4. You think an MD is required to cement brackets on teeth? Might surprise you to learn architects earn more than masons.
  5. 2 bankruptcies, 4 repo's, and multiple 25%+ car loans say a refi is unlikely.
  6. Can you get replacement cards for the ones lost in the fire?
  7. NACA requires 1 month of reserves in cash. You don't have that. FHA requires 3.5% down. You don't have that either. NFCU HomeBuyer's Choice might be an option. Looks like you could have $0 in the bank and qualify. Buying a house with less than 1 month of living expenses in cash is a really, really bad idea.
  8. Look for a fee-based financial planner. This is a very serious situation.
  9. Yes. Talk to a professional financial planner. You're the sole provider for your family, and you have a life-long dependent.
  10. Of course that's not my advice. If you have ONLY TWO options: 1 - take an annual 40% loss OR 2 - take a an annual 2% gain, then obviously you made the right choice. That's unfortunate. Hopefully you've adjusted your retirement goals and expectations to be aligned with a 2% annual return.
  11. Well that explains why you earned 2%. That's not the plan administrator's fault. You're not going to have a sufficient amount saved for retirement if you invest in a 2% guarantee fund.
  12. You want to refinance a $30,000 mortgage balance? Over what period of time? That's a very small balance for a mortgage loan. What's the value of your home? Roof and heating are normal home maintenance issues. You don't have any money saved for this?
  13. A 401k should allow YOU to pick the investments. 2% in a serious bull market is ridiculous. Talk to a financial planner and get that straightened out. A 2% rate of return (unless you're very close to retirement) will not cut it. And obviously you have to stop borrowing from it.
  14. You and your husband need a financial plan. Big picture.
  15. It sounds like you need life insurance to replace your income should you die. And you need disability insurance to provide income should you become disabled. The mortgage is just one part of the cost of home ownership. If your husband is completely disabled, can't work, and has absolutely no income, he won't have money to pay taxes, insurance, and performance basic household tasks such as cleaning.

About Us

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.
×
×
  • Create New...

Important Information

Guidelines