My dad is horrible with money. He has lots of debt and for some reason, banks continue to give him loans. He never makes payments and he's always in the red. I've tried my best to keep him from getting credit cards and taking out loans but he's an adult and if the banks keep doing it, there's nothing I can do to stop them. My mother says that I'm going to be responsible for his debt but I have never co-signed anything with him or gone to the banks with him. Is it possible for me to still be responsible? Are there any steps I can take to make sure I won't be responsible?
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posted by cyml
on Feb 6, 2013 -
27 answers
So I'm looking to move from SF to Seattle (in part to save money) - can I get a loan and buy a place? Would that make sense?
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posted by alaijmw
on Jan 7, 2013 -
13 answers
Are financial advisers usually expert in student loans? I need an expert but I don't know how to find one.
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posted by prefpara
on Nov 14, 2012 -
7 answers
How do you get back a lot of money from someone you loaned money to if they claim they're broke?
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posted by Clotilde
on Nov 14, 2012 -
16 answers
I need some help with student loans. I took loans out in 2008 and 2009. Two subsidized and two unsubsidized. Now I'm on half-time school deferment and I'd like to take advantage of this!
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posted by your mom's a sock puppet
on Aug 27, 2012 -
4 answers
I lent money to my friend, didn't get it back. I learned my lesson and wrote it off. Now she's back in my life. What do I do?
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posted by anonymous
on Jun 7, 2012 -
49 answers
Should I try to pay off grad school loans this year (~50k@6.55%) or should I invest ?
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posted by brenton
on May 17, 2012 -
34 answers
How unusual is it to choose a professional Master's program without having an assistantship secured for the fall?
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posted by anonymous
on Apr 9, 2012 -
5 answers
The last eighteen months have been brutal for me and my small company. The company became over-reliant on a single client who then stiffed us for a lot of money. To avoid layoffs, I burned down the company’s reserves, then the company’s credit, then my own savings, and then my own credit. Promised payments never arrived, layoffs ensued anyway, productivity collapsed as staff panicked and I began living a crazy-frugal lifestyle. Meanwhile I worked hard to reboot the firm and project to friends, family and competitors that everything was under control: stress city. Now, today, comes the payment I negotiated. It’s enough to pay off the company’s debts, return me to the payroll and reimburse myself for enough of the money I loaned the firm to pay off my credit cards. But it’s really weird, Metafilter: practical and behaviorial economics questions within.
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posted by anonymous
on Oct 14, 2011 -
14 answers
Help me make sense of this silly financial problem. It's very basic, and I'm a complete moron with money.
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posted by anonymous
on Jul 18, 2011 -
13 answers
I need to find student loans in order to go back to college in September, but my parents have terrible credit and I can't find an alternative cosigner. I don't know what to do.
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posted by JimBennett
on Jul 11, 2011 -
10 answers
I need some house buying help, and advice about whether to pay off my loans now or save more for the down payment.
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posted by anonymous
on Feb 26, 2011 -
16 answers
I accidentally paid Sallie Mae FOUR months’ worth of federal student loans, which totals an amount I can’t possibly afford. I asked my bank to place a stop order on the electronic payments but there’s a possibility the transactions may still go through, before the stop order is processed (3 business days). What can I do to recover my money now, or in the event that the transactions indeed go through?
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posted by anonymous
on Jan 24, 2011 -
7 answers
MoneyFilter: I have been paying back a loan and will continue paying back for several more years. A birthday gift in this context, has two options: (a) to permit me to cease making payments for one year ($200/mo) and resume payments 1 year from now and each month of this year being marked as paid (a savings of $200/month for 12 months),
or (b) be given the equivalent $2400 cash up front.
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posted by Quarter Pincher
on Nov 9, 2010 -
18 answers
I'm developing a comprehensive financial literacy program for medical school students. What are some key issues I should focus on and what are some effective ways to distribute information?
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posted by chara
on Jun 27, 2010 -
9 answers
A good friend of mine was recently engaged to be married... the fiance bailed shortly before the wedding day. However, some time previous to this she had taken out a home equity loan that was used to pay off his debts. He has so far continued to make the payments on the loan: what are her legal options for the future?
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posted by anonymous
on Apr 11, 2010 -
6 answers
Unemployed, no other debt, currently making interest-only payments on school loans - what can I do to make this feel less looming over my life?
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posted by monkeyagent
on Dec 29, 2009 -
14 answers
A friend of mine wants to open a business, and is looking for information on business loans or grants specifically for women.
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posted by firei
on Oct 10, 2009 -
3 answers
I'm trying to go back to school. I have bad credit, some unpaid debt, and cannot afford any classes without help... Help!
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posted by itsacover
on Jul 10, 2009 -
9 answers
Upon examining my student loan payments, it appears that my "interest amt last payment" numbers sometimes increase, even when I pay the same amount (more than I need to pay) on the same day of the month. What!?
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posted by hellogoodbye
on May 1, 2009 -
10 answers
How do I get my car back? It's still in my ex'es name. I've been giving her $$ for insurance and have been making the payments on it since 2003. I live across the country now and she ignores all my requests to do anything about transferring the title/policy, etc.
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posted by otis24
on Feb 20, 2009 -
7 answers
Has anyone used All World Private Funding to get a loan? And if so, what was your experience?
posted by waytogo!
on Oct 27, 2007 -
2 answers
I'll be borrowing $22,200 to pay for school. All other things being equal, which loan is best? All three options have a 10-year term.
Loan #1: 5.55% fixed rate; 1% principal rebate after 12 months; a second 1% principal rebate after 24 months
Loan #2: 5.55% fixed rate; zero payments for the last 6 months
Loan #3: 6.55% fixed rate; a 3.3% principal rebate after 33 months
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posted by kakes
on Jun 25, 2007 -
7 answers
I am in my 20's, have no debt and have no need for a loan; should I get one anyways to help my credit?
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posted by MrBCID
on Jun 23, 2007 -
18 answers
I owe more than my car is worth. My monthly auto-expenses are too great. I would be better off with a truck. Advice?
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posted by farmersckn
on Nov 15, 2006 -
23 answers
How should I repair my bad credit? I'm 26, my income ($53k) exceeds my expenses and I have only $1.5k debt, but I was awful about paying bills on time until the last year or so. Now I'm finding it difficult to secure a car loan. I haven't even gotten a credit report because I'm afraid to look at it. I will probably end up talking to a credit counselor, but I thought I'd ask for advice before I do.
College kids, don't wait until the utility bill is yellow to pay it. Trust me.
posted by anonymous
on Nov 10, 2004 -
13 answers
Wow. All of the sudden my small town has been innundated with "cash advance","check into cash" type businesses. There are, at last count 9 new openings here. What is this all about? What are the terms of these places for borrowing money? Any other towns seeing such a boom?
posted by BrodieShadeTree
on Sep 1, 2004 -
23 answers
I'm a college student, and I was looking for a (cheap) money management software package to manage my loans, credit card, and income from work. Does anyone know of a cheap one that works well? I was looking at Quicken, but that's 80 bucks and seems like overkill.
posted by jare2003
on Jan 15, 2004 -
13 answers
Trying to solve a problem for a dear friend from highschool. She's been ignoring her school loans and came to me out of confidence. They were around 22k about six years ago; She doesn't know how to get herself straightened out. A second job isn't an option (based on her first) as the first job pays well (travel), but is being garnished; She needs a way to get them off her back, but not overwhelm her so much that she drowns trying to deal with them.
I'm ok with money, but I just can't figure out what to tell her.
Are there any counselors who specialize in this that I could send her to? If you're shy about this and dealt with this, please feel free to contact me directly by email.
posted by filmgeek
on Dec 20, 2003 -
12 answers
