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Not really a tax question but this is closest category. I

Hi,Not really a tax question but this is closest category.I have a HELOC from my teachers' credit union. The rate has gone up a couple times and I've adjusted my payments accordingly.The payments are automatically deducted from my USAA checking account.The most recent rate increase just happened and started June 1. I added the additional money into the payment which was sent out today. Same time it always goes out. The most recent increase was $2.I rec'd a call from the credit union that I owe $15. How can that be? I find it very annoying. I've done everything right. If the credit union screwed up, I feel that's not my fault. Can they really do this? If I were behind at all, (which I'm not) they would have contacted me long ago.Thanks,HollyYesterday

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bkb1956

Enrolled Agent, Paralegal

6,654 satisfied customers
It's not exactly a tax question are u still willing to be of

It's not exactly a tax question are u still willing to be of help. If u canJA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: Got contacted yesterday by loan company about a loan. They asked and got information from me that I was not familiar with the process. They have ach some of the loan amount into my account. Now they want me to western union them that amount back. Still sounds like scam to meJA: Is there anything else the Accountant should be aware of?Customer: Like what?

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TaxRobin

Vocational, Technical or Trade School

25,662 satisfied customers
I'm married, self-employed, and opened an HSA at my credit

I'm married, self-employed, and opened an HSA at my credit union in 2016 (I had high-deductible medical insurance). The HSA was self-funded with post-tax money. I moved money in and out of it that was not for medical expenses - I didn't realize this was a no-no. So I have this 1099-SA that shows $5k+ in distributions, but my actual medical expenses that could be written off are only $1k+.( I also need to close this HSA, because I have no medical insurance in 2017.) So, #1, I don't know how to fill in my form 8889 to show the actual deductible medical expenses, and #2, I'm concerned I need to pay that 20% penalty on non-medical expenses. If it matters, I didn't use the HSA debit card on non-medical expenses, I just transfered the money into my personal checking account.

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PDtax

Owner

Master's Degree

8,048 satisfied customers
My credit score 717 but my credit history is short

HiMy credit score 717 but my credit history is short (8months), what to do to lease a car, i was rejected, and I don't want to finance with deposit almost $ 9000 to get the car. any other option?

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Phillips Esq.

Attorney

Juris Doctor

22,666 satisfied customers
My son has a student loan with great lakes, about 8000.. The

My son has a student loan with great lakes, about 8000.. The loan company indicates it is a 4% interest loan. what it looks like is they are charging him between 25 and 50 percent on his payments after looking at the last 6 months, payments of 100 and anywhere from 30 to over 50 in interest. I called them and they said it would drop after he makes up the "back interest" which means they are charging him since he took out the loan, interest on the balance. They also indicated it is 4% interest on the monthly balance which comes out to an extremely high interest rate. Does this seem accurate? I have seen where some of these student loan companies are being sued over this kind of practice, I feel they are simply gouging kids. It would be better to take out a consumer loan at a bank.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

22,498 satisfied customers
I just found out that someone stole my debit card

I just found out that someone stole my debit card information and used it to make large purchases. They are still being processed. I know that I need to go to the bank and get a new card, but I'm not sure what else to do.

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TaxRobin

Vocational, Technical or Trade School

25,662 satisfied customers
I want to know about repos and giving back my motorcycle to

Hi, i want to know about repos and giving back my motorcycle to finance company. I had it for 3 months, paid on time, its becoming financially hard to keep paying for it, I want to know if its an option to give it back, or just let them repossess it. How much will it hurt my credit score? how long do it stay on credit report?

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Mark Taylor

Certified Public Accountant

Masters

3,790 satisfied customers
I have four student loans:Parent Plus, direct consul, 2

I have four student loans:Parent Plus, direct consul, 2 Direct Plus loans that total $124,796. I am paying $831.18 per month. The interest for each one varies. One Parent Plus and is $14000 and interest rate is 8.25%. another one is Direct Consol. $69,074 and interest rate is 5.88%. Third loan is Direct Plus the total $19,938 and interest rate is 7.65%. the last one is Direct Plus, $10,151 and interest rate is 7.65%. I know that I should be able to get a loan and pay them off and get another loan at with a lower payment. What do you recommend? All of these loans are with Nelnet a student loan servicer for US Dept of Education.

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ABC Accounting Group

Bachelor's Degree

1,398 satisfied customers
I am looking to refinance my home to pay off my wife loan

I am looking to refinance my home to pay off my wife loan and help build my credit score. The mortgage has been in my wife name and I am not on it - so I never had a mortgage. My house appraises for $224,000. I owe $68,000 with my regular bank. My fico score is an 806. I went to my other bank a credit union and was approved for $72,000 with a 4.5% interest rate at a 7 year loan as of the moment. $72,000 is what I'll need for closing, appraisal so on and so forth. But will change once the house is appraised by them. I could pay this off in 4 years. Was told from a friend that it is better to never pay off a home loan for tax purposes. The highest my fico score has ever been was an 831 - without a home loan. So my questions are. Is it better to have a long term (10yr to 15yr) then a short (7yr) loan - why? What tax benefits can Be taken and why?

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Rakhi Vasavada

Financial / Legal Advisor

Bachelor's Degree

4,212 satisfied customers
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