Just bought new car, financed through dealer, can I change to bank financing?
I live in MA and I just bought a new car about a week ago. I think I can get better financing through my credit union. Can I switch financing without a penalty or how does that work?
Buying & Selling - 2 Answers
Random Answers, Critics, Comments, Opinions :
1
Read your contract, it depends on the terms of the loan...but normally yes you can refinance if you have good credit and the car is worth the amount you got loaned.
2
You can always payoff the dealer's bank and use your credit union, however, it may be a very costly experience, now. Better weigh the numbers.
Monday, November 28, 2011
Monday, November 21, 2011
options to consider for specializtion in MBA
options to consider for specializtion in MBA?
graduated in microbiology hons, currently doin MBA. I did my summer internship in finance (working capital mangmnt & financial forecasting). got A grade in it. Now i've realized that i'm inclined towards marketing & i need to use ma science knowledge. Kindly suggest me to go for core marketing 0r major mkting, minor finance .. including subjects to be taken for each. Also, the co.'s for placements give importance to the internship report.
Higher Education (University +) - 2 Answers
Random Answers, Critics, Comments, Opinions :
1
this is a very useful link for MBA programs http://www.yabloog.com/mba.html
2
http://specialisation.blogspot.com/
graduated in microbiology hons, currently doin MBA. I did my summer internship in finance (working capital mangmnt & financial forecasting). got A grade in it. Now i've realized that i'm inclined towards marketing & i need to use ma science knowledge. Kindly suggest me to go for core marketing 0r major mkting, minor finance .. including subjects to be taken for each. Also, the co.'s for placements give importance to the internship report.
Higher Education (University +) - 2 Answers
Random Answers, Critics, Comments, Opinions :
1
this is a very useful link for MBA programs http://www.yabloog.com/mba.html
2
http://specialisation.blogspot.com/
Monday, November 14, 2011
Need advice on personal finance situation
Need advice on personal finance situation?
If anyone can share their financial wisdom with me, I would help me immensely. My wife and I are in a very tough spot, like a lot of people at the moment. We are currently unemployed, though that could change soon. We owe the MA DOR and the Feds a total of about 10 k in tax debt, about 9 k in credit card debt. 5 k in medical bills, 3 k in collections, and I have a couple of 500.00 pay day loans that I make monthly payments of 130 on. Then we owe 7 k to people who loaned us money in tough times. We are behind on everything. I have been seeking out the chapter 13 BK idea, but we do not have the up-front money for the attorney fees. Is chapter 13 the best idea for us?? Nobody does undecured debt consolidation loans anymore, especially with our credit in tough shape. We rent, so no equity. We just want to gain financial peace and have a plan of action, we cant afford to hire anyone though. Thanks for your inputs, I welcome all advice.
Personal Finance - 5 Answers
Random Answers, Critics, Comments, Opinions :
1
Talk to a real credit counselor -- which will be free. To find a legitimate counselor, contact the National Foundation for Credit Counseling at NFCC.org or call 1-800-388-2227.
2
Your top two debts are not bankrupt-able and neither is the loans from family and friends. they will get paid when you get back on your feet. Stop paying on the credit cards and when you get jobs they will take less than you owe. Medical will go into collections and collections cant get what you don't have right now and they will also settle on smaller amounts when you can pay them. So really the only one that is critical is the pay day loans and to file a Chapter 13 for just $1,000 is crazy. Put on your thinking cap and make that $1,000 ASAP and clear that debt. the rest will all fall into place with cutting back and putting ever dollar you can toward the remaining debt once you have jobs.
3
with no house and what appears to be little in assets a chapter 7 may be your best option. The chapter 7 would eliminate these debts entirely. Many attorneys will advise you of your options in a free consultation In a chapter 13 you would be required to make payment to cover part of these debts. This may be difficult if you are unemployed. If you fail to make required payments the case will get dismissed and at least one credit agency will report the failed bankruptcy for 10 years just like the chapter 10. One of the problems with credit counseling is that many credit counselors are selling their debt management solutions so they are not necessarily any more impartial than a bankruptcy attorney. Recent studies have shown that around 70% of these credit management solutions ultimately fail so use caution. If you enter credit counseling and don't succeed you have wasted time and are back where you started or worse.
4
You might want to talk to a Tax Relief Service. A while back as far as my unsecure debt I got helped with a company called Debt Free League, they were pretty good in resolving my credit card debt of about $12k. I know they work with attorneys that also do IRS Tax stuff, Bankruptcy and Student Loans. Is it affordable? Hell yeah better than paying the full $10k you owe.
5
I think the best advice for your situation would be taking to a govt approved credit counselor. The initial counseling session will be free, and there after depending on what they suggest as a plan of action for you, charges will be very nominal - and even those can be reduced/waived if you request them. It may come down to bankruptcy, but talking to a counselor first may help sort it out a bit. Here are some ideas to ensure your counselor is genuine: http://www.credit-card-debt-relief-info.org/agency-counseling-credit-debt-management.html And here is a link to list of govt approved counselors, by state: http://www.justice.gov/ust/eo/bapcpa/ccde/cc_approved.htm Hope this helps.
If anyone can share their financial wisdom with me, I would help me immensely. My wife and I are in a very tough spot, like a lot of people at the moment. We are currently unemployed, though that could change soon. We owe the MA DOR and the Feds a total of about 10 k in tax debt, about 9 k in credit card debt. 5 k in medical bills, 3 k in collections, and I have a couple of 500.00 pay day loans that I make monthly payments of 130 on. Then we owe 7 k to people who loaned us money in tough times. We are behind on everything. I have been seeking out the chapter 13 BK idea, but we do not have the up-front money for the attorney fees. Is chapter 13 the best idea for us?? Nobody does undecured debt consolidation loans anymore, especially with our credit in tough shape. We rent, so no equity. We just want to gain financial peace and have a plan of action, we cant afford to hire anyone though. Thanks for your inputs, I welcome all advice.
Personal Finance - 5 Answers
Random Answers, Critics, Comments, Opinions :
1
Talk to a real credit counselor -- which will be free. To find a legitimate counselor, contact the National Foundation for Credit Counseling at NFCC.org or call 1-800-388-2227.
2
Your top two debts are not bankrupt-able and neither is the loans from family and friends. they will get paid when you get back on your feet. Stop paying on the credit cards and when you get jobs they will take less than you owe. Medical will go into collections and collections cant get what you don't have right now and they will also settle on smaller amounts when you can pay them. So really the only one that is critical is the pay day loans and to file a Chapter 13 for just $1,000 is crazy. Put on your thinking cap and make that $1,000 ASAP and clear that debt. the rest will all fall into place with cutting back and putting ever dollar you can toward the remaining debt once you have jobs.
3
with no house and what appears to be little in assets a chapter 7 may be your best option. The chapter 7 would eliminate these debts entirely. Many attorneys will advise you of your options in a free consultation In a chapter 13 you would be required to make payment to cover part of these debts. This may be difficult if you are unemployed. If you fail to make required payments the case will get dismissed and at least one credit agency will report the failed bankruptcy for 10 years just like the chapter 10. One of the problems with credit counseling is that many credit counselors are selling their debt management solutions so they are not necessarily any more impartial than a bankruptcy attorney. Recent studies have shown that around 70% of these credit management solutions ultimately fail so use caution. If you enter credit counseling and don't succeed you have wasted time and are back where you started or worse.
4
You might want to talk to a Tax Relief Service. A while back as far as my unsecure debt I got helped with a company called Debt Free League, they were pretty good in resolving my credit card debt of about $12k. I know they work with attorneys that also do IRS Tax stuff, Bankruptcy and Student Loans. Is it affordable? Hell yeah better than paying the full $10k you owe.
5
I think the best advice for your situation would be taking to a govt approved credit counselor. The initial counseling session will be free, and there after depending on what they suggest as a plan of action for you, charges will be very nominal - and even those can be reduced/waived if you request them. It may come down to bankruptcy, but talking to a counselor first may help sort it out a bit. Here are some ideas to ensure your counselor is genuine: http://www.credit-card-debt-relief-info.org/agency-counseling-credit-debt-management.html And here is a link to list of govt approved counselors, by state: http://www.justice.gov/ust/eo/bapcpa/ccde/cc_approved.htm Hope this helps.
Monday, November 7, 2011
I have a finance situation. SO here it is, any advice is well appreciated as long as it is all in good faith
I have a finance situation. SO here it is, any advice is well appreciated as long as it is all in good faith?
I am a 20yo medical student. I am about to graduate in March. Now when I say medical student i mean Medical Assistant. I have a job lined up at a local practice in March. I currently have federal student loans at the max that I can possibly get. I made it to this point on PA unemployment which got me by fine. I recently got a letter stating that my benifits will stop this month. I have not recieved any extensions at this point however im not sure that I am eligble. I need about $5000 to make my bills and rent until I graduate but, the school will not certify any private student loans exeeding $1600. I am doing very well in school and maintain a 3.7 GPA and would not benifit from quiting. I ma not able to get a job because my time schedule does not allow any free time with having 3+ hour of homework a night and having a family. I have a Co-signer available for any loans if that would be the best rouhgt to go. What other options do I have at this point? Are there any financial agency's that will help me through school? Any advice is appreciated and please be civil. Good answer, I have considered getting a personal loan through my bank. Already approved. I am able to afford the payments. Is this a good way to go? I am not able to transfer at this point to a less inexpensive school, i already have 24 credits at this place and they would not transfer.And yes WIC is a great option if they would ever return calls to make a appointment. No luck so far with WIC. The amount that the school would certify would max out my $5500 stafford loan limit that is why they are unable to do more.
Financial Aid - 1 Answers
Random Answers, Critics, Comments, Opinions :
1
I am sorry to say, honestly, there isnt anyone who lends directly to you- since your school wont certify anymore- take that extra money, then the only other option is to use a credit card. You may wish to re-evaluate your situation and your expenses, as your school has a certification amount for a reason (its what they feel you should need to cover your living expenses and tuition). If your going over, you may be spending too much as a student. You may qualify for state assistance such as health insurance etc if you apply, as a student you cant get food stamps, but wic etc if you have a child. Otherwise, ask if you can petition to have that certification amount raised so you can get a larger loan- my school did that for me given they dont take into account child care expenses in the initial certification etc. You will need proof if they offer this option. Last bet, you may need to transfer to a school that doesnt cost as much if you still can (you may not at this point be able to with having so many credits etc I am not sure).
I am a 20yo medical student. I am about to graduate in March. Now when I say medical student i mean Medical Assistant. I have a job lined up at a local practice in March. I currently have federal student loans at the max that I can possibly get. I made it to this point on PA unemployment which got me by fine. I recently got a letter stating that my benifits will stop this month. I have not recieved any extensions at this point however im not sure that I am eligble. I need about $5000 to make my bills and rent until I graduate but, the school will not certify any private student loans exeeding $1600. I am doing very well in school and maintain a 3.7 GPA and would not benifit from quiting. I ma not able to get a job because my time schedule does not allow any free time with having 3+ hour of homework a night and having a family. I have a Co-signer available for any loans if that would be the best rouhgt to go. What other options do I have at this point? Are there any financial agency's that will help me through school? Any advice is appreciated and please be civil. Good answer, I have considered getting a personal loan through my bank. Already approved. I am able to afford the payments. Is this a good way to go? I am not able to transfer at this point to a less inexpensive school, i already have 24 credits at this place and they would not transfer.And yes WIC is a great option if they would ever return calls to make a appointment. No luck so far with WIC. The amount that the school would certify would max out my $5500 stafford loan limit that is why they are unable to do more.
Financial Aid - 1 Answers
Random Answers, Critics, Comments, Opinions :
1
I am sorry to say, honestly, there isnt anyone who lends directly to you- since your school wont certify anymore- take that extra money, then the only other option is to use a credit card. You may wish to re-evaluate your situation and your expenses, as your school has a certification amount for a reason (its what they feel you should need to cover your living expenses and tuition). If your going over, you may be spending too much as a student. You may qualify for state assistance such as health insurance etc if you apply, as a student you cant get food stamps, but wic etc if you have a child. Otherwise, ask if you can petition to have that certification amount raised so you can get a larger loan- my school did that for me given they dont take into account child care expenses in the initial certification etc. You will need proof if they offer this option. Last bet, you may need to transfer to a school that doesnt cost as much if you still can (you may not at this point be able to with having so many credits etc I am not sure).
Tuesday, November 1, 2011
Buying a house in Boston, MA Or suburbs
Buying a house in Boston, MA Or suburbs.?
What is the best of Boston, MA or suburbs (safe, not too crowded, near some shopping outlets and POIs) where I can fined a home (condo, town house, loft, appartemt) with an estimated price of 250K (one time payment -no financing). What is the tax I'm going to have to pay for such house and if there are any other payments to be met?
Renting & Real Estate - 1 Answers
Random Answers, Critics, Comments, Opinions :
1
boston is hectic. i think it woould be the ideal place for you.
What is the best of Boston, MA or suburbs (safe, not too crowded, near some shopping outlets and POIs) where I can fined a home (condo, town house, loft, appartemt) with an estimated price of 250K (one time payment -no financing). What is the tax I'm going to have to pay for such house and if there are any other payments to be met?
Renting & Real Estate - 1 Answers
Random Answers, Critics, Comments, Opinions :
1
boston is hectic. i think it woould be the ideal place for you.
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