Hot answers tagged

72

I don't know the details of whether or not you should pay this money, or who is at fault. But clearly, you believe that you do not owe the money, and the bank investigation seems to agree with you, since they gave you your money back. Since you have your money, and they haven't sued you, the only issue yet remaining is your credit report. Here is what I ...


55

The comments are getting too much, but to verify that you are not insane, you are being bullied. It sounds like this is a sub-prime loan, of which you are wisely trying to get out of. It also sounds like they are doing everything in their power to prevent you from doing so. For them you are a very profitable customer. This might take some legwork for you,...


44

"[My locator] told me that she was sorry but that she must have misunderstood and there was nothing she could do." Your locator owes you $300.


28

Your daughter can give you (and also as many other persons as she likes, for that matter) $14K or less each year as a gift without needing to file a Federal gift tax return. She does not have to report the money anywhere on her Federal income tax return or anywhere else. In particular, she does not get to deduct that money in arriving at what is called the ...


23

The statement suggests that you worked 114.13 hours this pay period, not the amount you suggest (68.23+37.9+8). So that could be the discrepancy in yours and your employer's calculation. It looks as if your overtime computation is slightly more than double time. That is pretty generous. Additionally there are other contributors that add to income as ...


17

All three credit bureaus allow you to file a dispute online. Some allow you to upload documentation at the same time, others will ask you to mail it to them. Send them the letter you got from your bank, they will then return to the collection company. For $300.00 most likely they will not pursue it any further and the credit bureaus will delete the entry ...


17

You won't be able to sell the car with a lien outstanding on it, and whoever the lender is, they're almost certain to have a lien on the car. You would have to pay the car off first and obtain a clear title, then you could sell it. When you took out the loan, did you not receive a copy of the finance contract? I can't imagine you would have taken on a ...


16

While there are no direct tax issues when a US citizen gifts another US citizen under the 14,000 threshold in a year, but there may be some other issues to be considered. You do not have a job this year. Are there any benefit programs that you participate in that would be impacted by accepting a gift of this size? Is gifting cash to you the best way to ...


16

It looks like there are errors, but I believe your total pay is accurate. The first error is that the app seems to double-count weekend hours. You worked 39.96 weekend hours, and they pay a little extra for weekend hours and record them on a separate line, they shouldn't be added to the total hours since they are already reflected in the other categories. ...


12

The assessed value of a home virtually never matches the market value, especially for established neighborhoods (which is not your situation, I grant). It is virtually always lower, because if it's ever higher than the market value, the homeowner can hire an independent appraiser and contest the assessment, while if it's lower, the homeowner usually doesn't ...


12

First of all, whatever you do, DON'T PAY! Credit reporting agencies operate on aged records, and paying it now will most certainly not improve your score. For example, let's say that you had an unpaid debt that was reported as a "charge-off" to the credit bureaus. After, say, six months, the negative effect on your score is reduced. It is reduced even ...


12

Phone conversations are useless if the company is uncooperative, you must take it into the written word so it can be documented. Sent them certified letters and keep copies of everything you send and any written responses from the company. This is how you will get actual action.


10

From the apartment owners perspective what was the purpose of $300? They promised they wouldn't rent it to somebody before you had a chance to see it. But lets say you did see it, and decided you didn't like the view. Would they have to give the money back? if so, why would they promise not to rent it if somebody showed up first? I would have made it clear,...


10

Laws vary by country/region, but typically the title dictates who owns the car. A co-signer is lending their good name/credit score to help secure financing. They are obligated to pay but generally have no ownership rights unless they are also on the title. This is true in Texas, a co-signer has no legal rights to the car. So, if your girlfriend is the only ...


9

Ben Miller offers you sounds advice. However, if it comes down to it I would reach out to a lawyer to negotiate this for you. If what you are presenting is true then you could easily sue them for the damages incurred. I have been in a similar situation and unfortunately using the lawyers is what was required to get the solution resolved. Based on my previous ...


9

Get a lawyer. If you're having legal issues - get a lawyer. If you're having contract issues - get a lawyer.


6

The traditional agent commission is 6%, but this can frequently be less. For instance, in a very hot market with low inventory, the sellers agent doesn't have too much work to do and may agree to a 2% or less commission. For a buyer that does all of the research themselves, they may get a reduction in commission from their agent as well. Some agents will ...


6

but it feels like this is being done on purpose to artificially inflate the sales price. Yes. Is there anything unethical or illegal with 2 listing agents disclosing details of the contracts, and using that as leverage for the sellers NOT to come down in price? No. They're working for the sellers and in the sellers best interests.


6

First, the recipient is not responsible for any gift tax, the giver pays the tax. The gift is not taxable income to the recipient and so the recipient does not pay any income tax on the gift either. More than that, and they tap into their lifetime exclusion, currently (2015) $5.43M. All that's needed is a simple form. More convoluted, would be to lend you ...


6

The advice above is generally good, but the one catch I haven't seen addressed is which specific laws apply. You said that you are in Arkansas, but the dealer is in Texas. This means that the laws of at least two different states are in play, possibly three if the contract contains a clause stating that disputes will be handled in a certain jurisdiction, ...


5

You don't need to report that gift and neither does she, since it is below the gift exclusion amount of $14,000 per year. There's no need for her to pay gift tax on this gift and you will not owe income tax. She may wish to file a protective gift tax return if she has significant assets and intends to make these gifts to multiple people annually. Filing ...


5

My assumption is to call the appraisers office and discuss with them. I am sure counties vary throughout the state, and more so across the nation. It is a good assumption to assume that the home will be somewhat based on home price, and yes you could game the system by not including upgrades that require a permit to be pulled in order for them to be ...


5

Debt being sold to another third party doesn't restart the collection window. The information being reported on your credit report is incorrect. The statute of limitations begins from the date of last payment. I worked collections for 6 months before I realized it wasn't for me but one of the techniques I learned was getting responsible parties, debt ...


4

It depends on whether you're paying for health care with taxable income. If you are making $60K but spend $10K on health care, you don't want to have to pay taxes on the $10K. Under current U.S. law, I believe, employer-provided health insurance is exempt from taxes, whether paid for by the employer or by the employee. So in that case it's a wash. But if ...


4

The forms and notifications are not a condition for the cooling off period, they're part of the cooling-off compliance requirement. If the purchase qualifies, the seller must comply with all the cooling off requirements, including providing you with the cancellation forms. But if the seller didn't give you cancellation forms - it doesn't mean that you lose ...


4

What money are you paying with for it? Texas is a community property State, and assets purchased with community money are community. Not writing her in the title may not change the fact that she still owns the house, just make everything much more complicated.


4

The debt collection agency needs to see a copy of the notice from the bank that the $300 charge is a disputed and fraudulent charge. Also require them to provide proof. To reduce your stress, you should contact a lawyer to handle the debt collection agency. Disputing the information on your credit report is exactly the way to "fix" that issue. All they need ...


4

Definition If I understand correctly you describe putting a hold on an appartment as such: A sum of money that you give to the owner of the appartment to let them hold it for you because you are probably going to rent. In case you back out of the deal, this money can mitigate the expected loss from turning down other candidates. Situation After asking ...


4

If you and your parents both put up money to buy a house or anything else, what share each of you owns would be a subject for negotiation and agreement between you. To the best of my knowledge, there is no law that says "if person X pays the down payment and person Y pays the monthly payments, than X owns 40% and Y owns 60%" or any other specific numbers. ...


4

I hold a real estate license. I can tell you that when determining a fair price, the liens on properties nearby don't even get looked at. The last house I sold was on a street that was developed as a single project, 50 years ago. The first thing to look at was sales over the last few years. Then adjust up/down for improvements/work needed, etc. In general, ...


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