$8,000 First Time Home Buyer Tax Credit Rules Regarding Relatives And Trusts
$8,000 First Time Home Buyer Tax Credit Rules are quite specific and can be complicated. There are specific first time home buyer tax credit rules regarding who can receive the tax credit and what purchases qualify for the tax credit. The $8,000 first time home buyer tax credit rules are very clear…
ThinkGlink Radio Show for Aug 6, 2009
Filling in for Clark Howard, Ilyce talked about the Deutsche Bank study that says 48 percent of homeowners could be underwater with their mortgage (owe more than the house is worth) by 2011, up from 26 percent now. But another study says home prices rose 5 percent in the last quarter. We'll discuss…
Debt Collectors Scams Spreading Says BBB
The latest scam warning from the BBB is about phony debt collectors. The scammers use personal information like social security numbers to get their victims to wire money under threat of going to jail. The BBB warns that just because they know your info and claim you owe money, doesn't make them…
Can't Pay Credit Card Bills? Try To Use Home Equity Loan
If you can't pay your credit card bills or your real estate taxes, you may be able to try to take out a home equity loan to get cash to pay your bills. However, home equity loans are increasingly hard to get from banks right now. If you find that you can't pay your credit card bills and other bills…
Scams From Nigeria Target Apartment Rentals
Scams from Nigeria are targeting apartment rentals in South Carolina, Illinois, Colorado and California. You need to be careful to avoid these Nigerian apartment rentals scams. Use common sense and do your due diligence before sending any information to third parties you do not know. Once you become…
Revocable Living Trust Causes Confusion For Beneficiaries
A revocable living trust causes confusion for the beneficiaries. The settlor of the trust, or the maker of the trust, wanted to divide his assets equally among his children after his death. Now the beneficiaries of the trust, which include the trustee of the trust, don't know how to divide the…
Who Qualifies For First Time Home Buyer Tax Credit?
Some relationships fall under different first time home buyer qualifications. If you have never owned a home, but your spouse owns a home, you probably will not qualify for the first time home buyer tax credit. The first time home buyer tax credit qualifications are very strict. Unmarried first time…
ThinkGlink Radio Show for Aug 5, 2009
Today on the Clark Howard Show, Ilyce discusses unemployment and the economy. Scams are all the rage (ThinkGlink.com has published 10 scam stories in the past two weeks.), and we'll discuss the new IRS scams you'll want to watch out for. Is there a better way to estimate closing costs? Ilyce thinks…
ThinkGlink Radio Show for Aug 2, 2009
Today Ilyce Glink filled in for Clark Howard. Ilyce discussed the news of the day like unemployment jobless benefits and how the Cash for Clunkers program went out with a bang - six days in the CARS program ran out of money. We also offered our FREE BOOK program, and our BUY 3 GET 1 FREE Ebook Deal…
ThinkGlink Radio Show for Jul 31, 2009
Today Ilyce Glink filled in for Clark Howard on WSB Radio. She discussed the tax-free shopping weekend in Georgia, the costs of digital cable and HDTV, and where you can find free WiFi internet access. She talked to callers like Roger who is being taken advantage of by his credit union regarding his…
Should Children Expect an Equal Inheritance From Their Parents?
The one thing children look to their parents for is support - both emotional and financial. When parents die, children expect that if there is an estate, they will inherit at least the vast majority of it. Should all children expect to inherit their parents' estate equally?
A ThinkGlink.com reader…
Refinancing Advice Under the Making Home Affordable Plan: The New 125 Percent Rule
The Department of Housing and Urban Development (HUD) extended Fannie Mae and Freddie Mac's ability to refinance loans to 125 percent of the home loan-to-value ratio of the property. Despite all the advice people get from lenders encouraging them to refinance, some borrower's still say their lenders…
Recession and Credit Crisis: Which America Do You Live In? Can Anybody Get A Loan Modification?
The news from Wall Street and the federal government seems good and bad - but they're trying to get the word out that the recession is almost over. If you believe the recession is almost over, maybe you live on the moneyed streets of Wall Street, because there are plenty of folks on Main Street who…
Ilyce Fills In For Clark Howard July 31, 2009
I'll be filling in for WSB talk show host Clark Howard tomorrow from 1p to 4p ET on Newtalk 750 WSB. You can listen live to the show at the wsbradio.com website or wait until next week, when we podcast the show. (We usually get the podcasts up by Tuesday.) As a heads up - I'll also be filling in for…
Pay Off Debt To Raise Your Credit Score and Improve Credit Report
Once you pay off your debt and you want to raise your credit score and improve your credit Report and history, try to negotiate with the credit card company to report your debt as "paid as agreed" and remove any negative information from your credit report.
Tax Treatment of Inherited IRA: Subject To Taxes
If you inherit an IRA account, you have some choices with what to do with the money and the tax treatment you receive from teh IRS. In some cases, if you do nothing, your money will be subject to federal income taxes. If you roll the money over into a new IRA account you can avoid paying taxes right…
Raise Your Credit Score By Improving Your Payment History
Your credit report will show your overall payment history, not individual credit card purchases. Your credit report will show any credit accounts you have, your payment history, if you have been late on payments, if the account were closed or if the credit company charged them off. You need to work…
Repaying the $8,000 First Time Home Buyer Tax Credit
Under what circumstances do you have to repay the $8,000 first time home buyer tax credit? If you bought your first home in 2008, you may have qualified for the $7,500 first time home buyer tax credit that has to be repair in equal $500 installments. But if you bought your home in 2009, you don't…
How Do You Withdraw an After Tax 401(k) Contribution?
What happens when you make after tax contributions to a 401(k) plan and you now need the money? Can you withdraw just the after tax contributions and not pay any tax? Or, will the IRS require you to withdraw the funds in a proportionate way, based on the total amount in the plan?
ThinkGlink Radio Show for Jul 19, 2009
Today on the Ilyce Glink Show, Ilyce talked with Ed Delgado, a Senior Vice President of Wells Fargo, Stacey Bradford, a blogger for MoneyWatch.com and author of the new book, the Wall Street Journal Financial Guidebook for New Parents, and John Wasik, Bloomberg Columnist and author of the new book…
Best Advice in Determining Whether a Refinance Deal Offered is Good
How do you know if the refinance deal you're being offered is a good one? How do you know the lender isn't trying to steer you down the wrong path? Here are some suggestions for anlyzing your own refinance deal.
Best Advice On Refinancing Is To Wait If You Have Recently Listed Your Home For Sale
Home sellers are up in arms. Mortgage rates are at 40 to 50 year lows, but lenders are telling them they cannot refinance if their homes are listed for sale or if they listed the property for sale within six months. That listing will cause a refinance problem with lenders. What's the best advice to…
Person-to-person lending is rising in popularity among Americans looking for a new way to get personal loans, business loans and student loans. Part of the appeal of p2p lending is that it doesn't need to involved a bank--p2p loans are made on the Internet. When dealing with the web, whether you are…
Person-to-Person Lending: Top Lending Sites
Person-to-person or peer to peer loans are becoming more popular, but since the whole process of p2p lending happens online you have to make sure you are on the right sites to ensure that your money is protected. “The Complete Idiot’s Guide to Person-to-Person Lending” mentions nearly a dozen of the…
Book Review: Alternative Loans, P2P Lending Made Easy
Person-to-person lending, or p2p lending, is becoming a popular way to finance loans. As people are having trouble with traditional banking institutions they are turning to online p2p lending as an alternative for personal loans and college loans. Borrowers and lenders alike are using p2p lending…
