159
votes
Potential scammer pushing me to click a link and threatens to send the police
Please, take a deep breath and realize that empty threats are typical scammer behavior. He is behind a keyboard far away. He does not actually want police involved (and he can't simply have them ...
- 29.4k
95
votes
Why do sellers care about down payments?
They want to gauge the chance of a successful sale. There's nothing quite as frustrating when selling and moving to a new home as getting into escrow, doing all the paperwork, crossing off all the ...
- 24k
83
votes
Potential scammer pushing me to click a link and threatens to send the police
This is 100% a scam. Break contact immediately.
delete the ad
Do not reply to any contact
block the user on Facebook
block the email from scammer and "dpd"
does he have your phone number? ...
- 673
73
votes
Accepted
In what cases can a business refuse to take cash?
The Federal Reserve website notes that creditors must accept cash for debts on services already rendered, but that businesses may refuse cash for services not yet rendered unless prohibited by local ...
- 32.7k
68
votes
Accepted
Car buyer wants to pay by actual cash - what are the motivations and risks?
There are many reasons someone may want to pay in cash, from the innocuous (maybe a mild dislike of banks) to the nefarious (most common probably being doing work for cash under the table, paying no ...
- 42k
55
votes
Accepted
Do people tend to spend less when using cash than credit cards?
I found the study "The irrationality of payment behaviour" accidentally while searching on the term "DNB Study" instead of "D&B Study". This study, which, when I followed the link, went to the ...
- 1,517
54
votes
Accepted
What if I made receipt for cheque on client's demand and client asks me to return the cheque and pays in cash?
Return the check, and
take back the receipt (so the other guy can't come back later, present the receipt and demand money back) for the check payment.
Issue him a new receipt for cash.
Note on your ...
- 50.6k
53
votes
Why is the car dealer insisting on a loan instead of cash?
The dealer makes money on the loan. The amount depends on the relationship between the dealer and the finance company. Basically, you getting a loan increases the dealer's commission and so you can ...
- 24k
51
votes
Accepted
What happens if one brings more than 10,000 USD with them into the US?
The US Customs and Border Protection website states that there is no limit to the amount of currency that can be brought into or taken out of the US.
There is no limit on the amount of money that ...
- 6,400
46
votes
I would like to get cash for money judgement
Have you considered contacting the debtor directly and offering them a cash settlement? If they have any money set aside, they may be minded to accept a discount in return for giving you a lump sum. ...
- 1,374
44
votes
Accepted
Getting Cash from Credit Card without Fees
Nope. Or at least, if it were possible the company offering such a credit card would quickly go out of business. Credit card companies make money off of fees from the merchants the user is buying from ...
- 6,849
43
votes
Do people tend to spend less when using cash than credit cards?
I'd like to know if there is any reliable research on the subject.
Intuitively, this must be true, no? Is it? First, is it even possible to discover the correlation, if one exists? Dave Ramsey is a ...
42
votes
Car buyer wants to pay by actual cash - what are the motivations and risks?
About 4.5% of households in the US and 3% of the population of Canada have no checking or savings accounts and 15% of Canadians only have limited interactions with their banks (ie no debit card/credit ...
- 69.1k
40
votes
What happens if one brings more than 10,000 USD with them into the US?
Since all the other answers thus far seem to downplay the risk (likelihood) of the money being seized, I figure I may as well make my comment an answer.
Unless you happen to have your legal team ...
- 1,521
39
votes
Accepted
How to quickly and inexpensively deposit cash?
The cheapest solution is to find a different bank or credit union. Most accept cash deposits unless they are online only and even then some offer ATM deposits.
Make sure to research fees, but there ...
- 69.1k
37
votes
Car buyer wants to pay by actual cash - what are the motivations and risks?
As someone who has bought several cars on craigslist in the past, my experience is that sellers usually prefer cash, because checks take a while to go through and can bounce. There are other options (...
27
votes
What type of profits or scam could do cash-back services?
The risk is that you are installing software on your browser than can see everything you do. Which means they can get all your credit card and banking information, they can capture all your logins, ...
- 136k
26
votes
Do people tend to spend less when using cash than credit cards?
Psychology Today had an interesting article from July 11, 2016, in which they go through the psychological aspects of using cash vs. a credit card. This article cites a 2008 paper in the Journal of ...
- 943
23
votes
Is it wise to keep some savings in a cash account to protect against a long term market crash?
Our thinking is that, if there's a long term market crash (e.g. Great Depression) and the value of our index fund plummets,
People were having these exact same thoughts 10-11 years ago after the ...
- 50.6k
22
votes
Accepted
In which situations is it better to consider a loan instead of paying cash?
Your practice of waiting until you can pay cash is a good one. It will certainly prevent you from getting into debt!
Now, to be clear, your question puts a credit card in the same category as a loan, ...
- 47.2k
22
votes
What happens if one brings more than 10,000 USD with them into the US?
The $10,000 mark is not a ceiling in importing cash, but rather a point where an additional declaration needs to be made (Customs Form 4790). At 1 million, I suspect you might be in for a bit of an ...
- 1,086
22
votes
Do people tend to spend less when using cash than credit cards?
Others have commented on the various studies. If, as JoeTaxpayer says, this one particular study he mentions does not really exist, there are plenty of others. (And in that case: Did someone blatantly ...
- 22k
22
votes
Accepted
Is it better to use cash when cards offer discounts
You must define what you mean better in order to answer this question.
To me, buying with credit cards is virtually always better because my credit cards maximize my wealth (they offer cash-back, ...
- 15.1k
21
votes
What if I made receipt for cheque on client's demand and client asks me to return the cheque and pays in cash?
The most important details here, which are revealed in your other question, are:
You have not yet begun work on this client’s project.
The check he gave you is undated and the client has asked you ...
- 115k
21
votes
Accepted
Using a friend to move cash into my checking account
No there are no tax issues or anything similar.
You are moving money that you have from one account to another. Your friend is acting as your agent and gains no income or expenditure from the ...
- 33.1k
20
votes
What happens if one brings more than 10,000 USD with them into the US?
Once you declare the amount, the CBP officials will ask you the source and purpose of funds.
You must be able to demonstrate that the source of funds is legitimate and not the proceeds of crime and ...
- 645
20
votes
Why do sellers care about down payments?
If the appraisal is less than the purchase price and the down payment is small, the bank might not approve the mortgage.
- 2,781
19
votes
In what cases can a business refuse to take cash?
You have to take legal tender to settle a debt. If your business model doesn't involve the customer incurring a debt that is then settled, you don't have to take cash. For example, in a restaurant ...
- 22.9k
19
votes
Accepted
Is there any reason not to immediately use cash back balance to pay credit card?
Some cards offer bonuses for redeeming your cash back balance as gift cards for certain partner vendors. For example, Discover offers a 5% bonus for Apple gift cards, 20% for Chipotle gift cards, and ...
- 2,075
18
votes
Accepted
What type of profits or scam could do cash-back services?
It's not necessarily a scam. I've used several of those types of services to different degrees of success. Just be sure to only use a reputable service.
They make money by essentially acting as a ...
- 13.8k
Only top scored, non community-wiki answers of a minimum length are eligible