Ravenous Wolf

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Everything posted by Ravenous Wolf

  1. Okay, I got myself a mountain bike for Christmas. But back in the Dark Ages when I was a kid, all you needed was just for your feet to turn the pedals. However, I imagine that a lot of stuff is needed just to ride a bike, like helmet, etc. So what is the cheapest way to go to get all the accessories (and what are). I also realized that I do not have enough space in the back of my SUV to put the bike back there so what is the best thing to buy to attach to the end of my vehicle.
  2. Thanks for all the feedback. Now I simply divide by 2080 to get an hourly rate (or multiply the hourly rate with 2080). I figure that "2087.14" is the correct number but 2080 is probably the best answer since I imagine that that is what a lot of employers use.
  3. What is the correct or the best accepted way that most employers calculate hourly pay? I want to derive the “hourly rate” from an annual base salary although there will be some assumptions. So is the following equation the way that most employers compute it: Base annual salary divided by 52 (which is fifty two weeks in a year). Take the sum of that value and then divide it by 5 (which is for five days in a work week). Finally, take the sum of that value and then divide it again but by 8 (which is eight hours in a day). For example: Annual base salary: $70,000.00 $70,000.00 divided by 52 (weeks
  4. I am also from the state of Texas and my second lien is held by Dyck O'Neal. The amount is so small but I am paying off other bills first before I get to it.
  5. That is really good news!!! One key advice that struck me years ago: If you don't ask, you don't get... So even though you still had to pay something, it is sure much better than having to pay everything. And that is the result of asking (sometimes firmly asking).
  6. Also, something I always wondered about (because of so many horror stories I heard from the people I have known who described what happened to their relatives) is that it entirely depends on you die. For example, nearly all policies do not cover what they consider dying doing a dangerous activity. One co-worker from years ago explained that her brother drowned at a nearby lake that was always popular with boaters, families, etc during the summer. Well, swimming is considered a dangerous activity since you can drown in water; so the life insurance policy of her brother didn't cover that. A proj
  7. My co-workers told me a litany of tales about that so it was a rude awakening for me. For example, making a mortgage payment means having a big wad of cash in the bank which sits there since many electronic transfers takes a while to process. So some of my co-workers "thought" they still had plenty of money available and bought a big ticket item. BAM... they got hit with reality. Banks always had a FIFO system because it required powerful software to turn it into LIFO. My work experience of years ago was with mainframes so this kind of computing power doesn't come cheap. However, times and te
  8. A big part of it that I remember from the business law classes (before the era of everything going electronic) I took in college is that a "check" is a very different animal; a negotiable instrument. So that in of itself, for decardes, has a legal standing that is far different than overcharing a credit card. Not only do you owe something, it also has serious legal ramifications and potential that will land you in the can with somebody who wants to start calling you Susan. There still is no debtors prison but a negotiable instrument is treated far differently. In essence, even if you didn't do
  9. Here is an interesting article about that written in 2004: How the Other Half Banks The depressing, amazing "payday loan" business. Posted Monday, May 10, 2004 http://www.slate.com/id/2100276/ What strikes me is how long ago it was written but it is still so relevant and timely.
  10. Granted, I have been out of banking world for a long time and the new toxic atmosphere has totally changed in how many, if not most of the banks operate. But I got my first two bounced checks YEARS... I called up the customer service rep and they looked in the history of my account and she agreed that I never bounced a check before so they reversed the two NSF charges (but they won't do it again). They also gave me a brief explanation of their process. I knew the money was there but I was running low on funds. Consequently, I transfered money from another checking accounting (which I am trying
  11. I thought that the only flipping that was going on was the one finger salute. But I hate to imagine the pain that a lot of people went through when the real estate market went down the tubes. A lot of house flippers got burned.
  12. House flipping makes a comeback Flippers swoop in at public auctions of foreclosed homes, buying from banks eager to move the troubled properties off their books. http://articles.moneycentral.msn.com/Investing/Extra/house-flipping-makes-a-comeback.aspx
  13. I have been so curious about this now that I am getting older. All of my insurance policies have been through work but I have never had one on my own. I need to get serious about now that I am an older parent with three small kids. So I am very interested as well.
  14. A long while ago I wanted to file for bankruptcy but my BK attorney said that I had to get caught up with my mortgage payments first because my house is something that could be taken away from me. And he advised me to stop making payments on everything else before I file for BK. Unfortunately, it took a couple of years to get caught up on my house payments because it took so long to finally get funded for a second mortgage. Long story short, I want the money I paid to my BK attorney back (because I won’t ever have to file for bankruptcy). The BK attorney has never done anything for me but he
  15. I remember when the CRAs stopped the practice of piggybacking; using someone else’s good credit to be an authorized user on his or her revolving credit account (usually a stranger who paid a huge fee). The result was that the good credit would tremendously help the person with bad credit. I also remember that there was a huge uproar because of this blanket action against spouses who were in no way trying to “piggyback” on an account that belonged to a total stranger. And I remember the CRAs relenting on the issue so people can now piggyback if and only they are piggybacking with their spouse.
  16. It has been such a long time since a creditor deleted a trade line for me but how is credit information completely removed from a credit report? I know any subscriber to a CRA that has this feature enabled can delete stuff. However, I only remember original creditors doing this for me and the only upgrade module that I can remember is Bull’s Eye (for Experian). I am still trying to locate a rare and old letter from an OC stating that they are going to delete all of my “lates” but if nothing happens, then send the CRAs a copy of this letter (that was a long time a go and CRAs no longer accept d
  17. Who are the people trying to collect? If it is a CA (like a junk debt buyer) and they own it (since it is years old), then they are blowing smoke up your [EXPLETIVE DELETED] because they only bought for pennies on the dollar. And if they are a junk debt buyer then they will try to make all kinds of claims that you owe this huge amount even though that is amount is non-existent. But you got to try to find out who owns the debt and who is the one collecting on it.
  18. Is there anything that shows up on your credit report? If so, what does credit report say about this trade line (like the debt collector who is trying to get money from you)? There are a lot of dirt bag collectors trying to collect on stuff that has absolutely no documentation for it (or for stuff that has already been collected or paid).
  19. A while ago Bank of America gave me a second mortgage but it took forever and a day to get it funded. It was through a home saver program (not sure which programs are currently out there). And there were so many hassles to get it even though getting approved for it was not really the issue. There were just so many hoops to jump through (they needed a fee paid or this or that done). Aso, it took an endless number of phone calls that lasted several months and one SNAFU after another even though their customer service rep said that everything was processed. And then out of nowhere, BAM, my second
  20. Unfortunately, I think the automatic answer from a sleep study is the CPAP machine for the rest of your life. And that wasn't the solution for me so I opted for the surgery after the results from the second sleep study (which was done with the CPAP machine). I had the uvilectomy, tonsilectomy, and the septoplasty (all done at once). My insurance denied the PPP? (I don't remember what the fourth character is). The laymans term for it is "trimming the palette" which is the MOST effective of all four procedures (which will stop the snoring and the sleep apnea). However, even with the three proced
  21. I am finally going to take the plunge and go completely electronic in managing each and every transaction. Consequently, I would like to know the experiences people had using software like Money or Quicken (I am new to this). My intent is to use all of November and especially December to track everything that my wife and I use with our check cards. And then we can have all the kinks sorted out in these months so everything is ready to go on January 1. I don’t need anything complex because I desperately need to track our spending and planning out future expenditures. Any input would be greatly
  22. If this guy already had a job, then he may not have the need for snatching purses... But it was pretty funny that the woman actually followed the purse snatcher to where he went; to apply for a job...
  23. Mass. police: Victim finds robber applying for job http://www.rr.com/news/topic/article/rr/8459870/9237280/Mass_police_Victim_finds_robber_applying_for_job
  24. You are absolutely correct and I one hundred percent agree with you. In college my accounting classes, especially the auditing and tax law classes, they drilled into us paper trail, paper trail, paper trail. And as my business law professors explained that if you can't document it, then it doesn't exist; and the better documentation, the more irrefutable it becomes (I won't get into verbal contracts because that is a totally different animal). I remember a tax law professor asking the class why drug dealers don't accept checks. The class erupted in laughter but the professor went on to explain
  25. This is the first time I have ever been an independent contractor. My employer re-hired me for more money after they laid me off so I could finish the remainder of their contracts. Because I waited until the last day to submit my quarterly tax payment to the IRS, I figured that it would safer if I just withdrew money from my checking account and paid in cash. And because of Murphy’s Law I didn’t want anything strange to pop up with a check since I was making the payment on the last day possible. At the IRS office I waited and waited in line until it was my turn. I then pulled out a bank envel