Personal Finance and Money Stack Exchange
Personal Finance and Money Stack Exchange

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1500 questions
76
votes
6 answers

A debt collector will not allow me to pay a debt, what steps should I take?

I was contacted several months ago about a debt collection for an incredibly small sum. I asked to be sent something in the mail where I could remit payment for it. The individual told me the debt would be cancelled and immediately hung up on me.…
Eric Urban
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76
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16 answers

How to prevent myself from buying things I don't want

We all buy stuff from time to time that only satisfies us for a short time. I was able to locate a few expenses that fall under that category. Unfortunately, there are a few products I've wanted to buy for a long time. Since I have a discount code…
Swizzler
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75
votes
9 answers

Selling online - Is private transportation indicative of a scam? Does PayPal make it safe?

I'm in the process of selling some furniture online. I use a website called dba.dk, which is the Danish equivalent of eBay (it was actually bought by eBay some years ago). The website is mainstream (almost all Danes use it from time to time) but is…
Vingtoft
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75
votes
7 answers

Can I trust the Motley Fool?

A while back I checked out The Motley Fool while doing some research on mutual funds. I found their educational content to be a great overview of what to look for and started exploring. While The Motley Fool has a lot of great content, I'm not…
Ryan Michela
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75
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11 answers

Parent asking for money after I moved out

My parents are divorced and my dad has to pay to my mom financial support for everyone in the family. Because I moved out, my dad removed part of this financial support that he gives my mom. She is now asking that I give her the money that my dad…
crvswb
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74
votes
11 answers

Won the lottery - how do I keep the money?

Sadly only a hypothetical question, but here it goes: If you suddenly gained a large sum of money (several million $/€/whatever) by winning the lottery, some inheritance or anything else, how could one preserve the money so you would stay rich as…
And
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74
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13 answers

What (if any) is the reason to buy in small local stores?

Recently I have heard movements from the local stores (say clothes, electronics, foods, etc) and some politicians (of a particular wing) that argue that you should buy in local, small stores. Appealing to a feeling of nostalgia, they say those…
mrbolichi
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73
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6 answers

Currently sole owner of a property. My girlfriend is looking to move in with me and is offering to pay 'rent'. Am I at risk here?

I currently own a flat (UK) and have a mortgage for said flat. My girlfriend is looking for a place to stay and it would seem mutually beneficial that she stays with me. She has offered to pay 'rent' money to me, as it would seem to make more sense…
Smeato
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73
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11 answers

Shouldn't the "credit score" prevent Americans from going deeper and deeper into personal debt?

I'm not from the U.S but I know about the dreaded "credit score" that haunts Americans. I've seen a lot of documentaries and videos on YouTube with people that can't get a loan to buy a house because of bad decisions in the past that affected their…
Pips
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72
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6 answers

Sugar daddy wants my online banking login info to make deposits — is it a scam?

Someone is offering to pay me in a sort of sugar daddy/sugar baby arrangement. They want to make online deposits to me, and they're asking me for my online banking username and password. Is that information alone enough for them to be able to take…
anonymous
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72
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6 answers

At what point do index funds become unreliable?

Passively investing in exchange-traded funds that track some broad index is often recommended for private investors that don't have the time or expertise for active investment. In particular, index funds are recommended over actively managed funds,…
henning
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72
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9 answers

If the co-signer on my car loan dies, can the family take the car from me like they're threatening to?

I have a car, both me and by grandpa are on the title. As I cannot get loan on my own, my grandpa is my cosigner. My grandpa is almost 90, and chances are he may not be around till the loan is paid off. I have been paying on my car loan for almost…
JWea417
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72
votes
9 answers

Ballpark salary equivalent today of "healthcare benefits" in the US?

For my friends in the US, when considering positions (this applies to either salary or contract positions) I've heard it's sometimes along the lines of, you can have X with healthcare, or Y with no healthcare. Is there a ballpark or typical figure…
Fattie
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72
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1 answer

My friend cosigned for a defaulted loan. Should he declare Chapter 7 bankruptcy?

Background: My friend Abe co-signed an auto loan for about $25k with his "friend" Bella, in the USA state of Maryland, about 4-5 months ago. The car was for Bella's use. The deal was that Bella would make payments on the car and when it was paid off…
President James K. Polk
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72
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4 answers

Is there any danger of my neighbor having my wife's signature?

On Monday my next door neighbor came over and asked my wife for her signature. He said they were having a contest at work (he works at the local grocery store) that whoever got the most signatures got a $200 gift certificate. I would have thought…
tjjen
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