AboveAverage

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Everything posted by AboveAverage

  1. If you have a Roth (though I agree with jq26 on this, I would not recommend this), you can access it with no penalty after 5 years of having a Roth (think the max is $10,000 though) if you're going to use it for a house. There are other conditions too that you can after 5 years. You don't want to play with retirement money though. And you're 30, so you're still a young man. If you can give at minimum 5%-10% of your salary and then apply raises to it from now until you're 60, you can probably retire assuming you are aggressive. I have both domestic and internetional growth funds in my Roth, and I have a mix of mostly large cap growth, and value, and a mixture of mid-caps and small caps, with 20% going international. It's pretty much aggressive (no bonds or money market funds....straight up stocks). I'm taking a beating right now, but I know this pain is not going to last. I have made no modification to my plan and I rebalance my portfolio quarterly (cause it's automatic, and I'd forget if I had to do it once a year). You need to read cnnmoney.com or various financial web sites for more information so that you can make your own judgements. But please trust and believe that you don't want to play with your retirement money. And because of your age, go very aggressive and ignore all the stuff with current market volatility. The stock market IS NOT going anywhere. I will get my losses back at some point.
  2. Just EQ. EX has it's own method involving FAs, and TU has/had bumping (*.
  3. Suddenly "laying on of hands" suddenly has taken on a whole new meaning.....(actually, probably not new, but definitely different than it's original meaning).
  4. From the Tommy's past posts...I believe he will probably get 100% of the interest to deduct. I on the other hand had the phaseout. Out of $102, I was only able to claim $66.
  5. You get a statement from your lender if you paid on it for that year. And yes, you do need to be in repayment.
  6. Ok, how bad are the Student Loans? If AES is still the loan holder, then she's not yet defaulted and gone to a guarantor. Then that's when ---- starts hitting the fan. If the loans are in fact defaulted, she should do the rehab. If she gets garnished, she can appeal the garnishment but that's a process that you're going to have to google. Your wife is still ok to do some sort of arrangement that doesn't involve $2k. Plus, AES is pretty easy to work with as that's who serviced both my original loan and rehabbed loan. But they don't want to delete my original one....lol. (It's going away in 2 years anyway). How are the loans being reported on her CRs NOW?
  7. Talk about slow typing..... Whatever....
  8. Why pay taxes on that money? You're going to pay 10% off the bat, plus more on the balance when you have to file for the disbursement. Plus, you risk putting your retirement at risk, and for what, paying off "good debt"? The interest you pay on your student loans is deductable at tax time. Might as well get extra money instead of paying extra money. You can either leave it where it is, or roll it over to an traditional IRA. You will have to figure out if you want to convert it to a Roth IRA. But I would not play with retirement money...you don't want to depend on nonexistant Social Security.
  9. Eric, you may benefit from going with Crown Jewelers. You will get a 2500 TL reporting and you will have to buy some garbage jewelry, but you will have a TL. Then you will want to look at department stores and gas cards (I would recommend Macys as they are easy to get and you'll get a $100 CL initially, but every three months you call and you get a CLI that will be dependent on your use). If you need a credit card, I strongly recommend that you get a secured (yes, you read right S-E-C-U-R-E-D card). Getting a credit card that you have to pay $5 a month is not wise. I know, because I had a card I had to pay $10 a month (which I fired after 6 months). And for a $350 CL, you are better off getting a secured card (from a real prime bank, like Bank of America or Chase). After about 3 months of regular use with department store and gas cards and the secured card you got, you can definitely look at HSBC again, and you might get a $500-1000 card that will not have you pay $5 a month. It took me that long to get my HSBC. (got it in late January). I am one of those PIF folks Veve is talking about, and if you look for one of my posts that lists my FICO scores since March, you will see a nice, healthy progression from high 500s/low 600s to the scores you see in my sig.
  10. Donna, Your response is definite above (way above) satisfactory and I thank you for it. People should understand that your rate is your rate, though, and so many people will have a different set of circumstances than you (like snowflakes...lol). But the range you gave is pretty good, considering the state of the market. (Many banks do not want to lend right now). Again, congratulations once again (I can't say it enough and I'm sure others feel the same way) and hope you enjoy your new home for as long as you wish.
  11. I will start round 2 today (in fact right now). Thanks
  12. Does this method work with TLs you already have, or were these INQs that you tried? All of my EQ Inqs are tied into TLs.
  13. If you guys are half-@$$ed serious, I'll gladly do this with you. My only request is that I'm one of the top 20 charter members. Heck, I could even be the 20th.....
  14. I would definitely suggest during your DV process, you get yourself a NACA lawyer. http://www.naca.net/ Find an attorney in NY that will take your case on contingency (meaning you don't pay). Yeah yeah, you might not get all of that $1G-$3Gs you are entitled to, but if you want piece of mind, a good NACA attorney will make sure they never bother you, report on your CRs or most importantly sell your debt to some other lowlife JDB. They might be able to work with you on the cash. Plus, I found that having a NACA attorney made the process of ridding a JDB very easy and quicker than doing it pro se (doing it your darned self).
  15. LOL...people are so sensitive on the In'net....sometimes things translate wrong, even though one is writing in plain English. Just don't want to piss anyone off inadvertently. Another reality...that's how I felt about all of Upstate NY.... My first upstate town was Binghamton, where the prices of a gallon of milk and eggs were about a third of what I am used to paying....that's how I knew I wasn't in Kansas anymore. Then the theme song for Green Acres started playing in my head.....ROTFLMAO...but how I feel about that place, I feel that way about South Jersey. South Jersey is pretty rural, and quite hickish. I've also been to Syracuse and Rochester (much of this was in my college days). Both of them seemed like manufacturer towns but they're also big college towns too (RPI, Syracuse, etc). So those places are going to bring the towns money, I'd imagine. The economy is rough right now, and I know daytraders are contemplating suicide today after the wallop Wall St. got today. That will definitely trickle down to you and I in some form or another. Just gotta keep trucking, I suppose. Don't get me started on farms though...I like how my taxpayer dollars goes into farm subsidies, yet my produce seems to come from such places as Mexico, Canada, New Zealand, pretty much anywhere BUT the US. And those Apples that Pablo and Pepe are picking probably aren't even being sold to you...or me...but to places like China. Ehhh...I digress though.
  16. You know the first time I drove out of state during college...making that drive to Florida for Spring Break. I had such culture shock. I'm in VA, just waiting for my gas to be filled...and it was a self-serve station. I was like WT(x)?!?! Last time I did it was when I went camping in NY 120 miles west of NYC. So you're not terribly far from the casinos....I have still never been up there....AC is just too darn convenient.
  17. Minimum $300...beautiful thing about them too is this. When you pay your bill, you can only do it online and they deduct it from your checking account. It's all same day too...no fuss, no muss. They CLI they reportedly give you is about 2.5 times your original (last) credit limit. I'd be happy with double what I have now. Plus, I desperately needed a 4 digit CC. To this day, knock on wood, I have not gone over 1000 on my BOA. I think 890 or something like that was the closest I spent...but that was it. Do a search on here and Google. This card will be a million times better than 660. You save 10 bucks a month making that switch...lol
  18. I understand, and I did not mean to sound insensitive. I am the sole provider of my household. SOLE! I provide for my DF and Japanese Chin and there are times I would want to put both of them to work. However the DF does maintain my home and there is always cooked food when my butt gets home. And unlike my father, I not only bring money into the house, I have to do what my mom used to do and pay the bills. It's something I insist on doing anyway because it's all online now and I have to figure out where what is going. Stuff is ontime, but I still have to juggle. I don't mail nothing out that involves a bill. But I have to figure out what to buy, what not to buy. I know it's rough. You're in upstate NY, try being around Manhattan.....where EVERYTHING is expensive (especially the counties in NJ closest to Manhattan...Essex, Hudson, Bergen [where all the millionaires live], and North Jersey in general). In any event, if you're not looking forward to a major purchase (like me), then yes, you would not need to get your FICOs and hence spend the money. I am definitely understanding at how rough stuff is.
  19. Reducing debt...never anything wrong with that. As I said, I'm only a one-month fanatic because I want a mortgage, and I plan on doing it soon. I could do it NOW, but I'd only be setting myself for failure. I have modest savings at best, and I don't want to tap into my retirement accounts for this, even though I can. Everyone has a different path/stage they are on. Just sharing how I'm doing things, is'all. I also try to be positive if at all possible.
  20. SInce you're in deferment and no other issues, then yeah, I would concentrate on the collections right now. As for disputing...I have always found that I am ok disputing everything at once and seperately (one letter per dispute). If you put everything in one letter, you give CRAs an excuse that they misread or something. Yeah, CMRRR that many items can be expensives, so do what you can afford.
  21. All the reason I advocate spending the $38.26 monthly. My Fakos are 100 points lower than my sucker FICO scores. You get a better sense of what and how you're doing. The reason you might see 2 or 3 times monthly from me is because I checked when I saw a major change in TC. (I don't do that anymore...I still stick with the 25/26th of the month now... )
  22. My original SL just have the lates on it and it is going to fall out in 2010. As long as I have documentation that the loan is paid, I can get a mortgage. My rehabbed loan because it was $521.95 is PIFed....I had to because they were going to try to keep my state refund check. If you had a default on there, you must rehab. No DVing, 623ing or any of that....that debt has to be straight up paid the way they want you to pay it off....sufferred for a good 9-10 months.
  23. Let me ask you something? Do you go out drinking with your buddies? That's gotta be at least 20-40 bucks, right? How about movies with your woman? You probably spend maybe $40 a month on something trivial. If it were just a bar night with your buddies, that's easy.....you can forgo it ONE night for a month.... $38.26 just isn't terribly expensive. Not trying to sound like a snob, or anything....trust me. I know you got some issues with your CRs though....I trust they'll have an answer for you in a couple of weeks (hopefully).
  24. Yup...carrying the urn, with his little buddy manager Paul Berra (sp?). Yeah, it brings me back. I stopped watching it when I got into high school. Didn't have time for it and every now and then would get into it a little bit at college, but I guess I kinda outgrew it.