Archive for October 12th, 2007
Open Question: Can i get a government bank loan by taking certificates as surety?
Friday, October 12th, 2007Open Question: applied for FHA refinance loan , am i required to make repairs ?
Friday, October 12th, 2007lender has said I need insulation in crawl space under house. I can not afford to put it there . That is why i am refinancing to start with. Some one told me that i am not required to make this repair when getting a steamline loan through HUD is this correct not sure about all this can a few one help?
Icahn still thinks Motorola should be split up
Friday, October 12th, 2007Open Question: Can I sue the person I know stole my checks and signed my name in civil court / and those that accepted them?
Friday, October 12th, 2007Resolved Question: pension - Life Annuity?
Friday, October 12th, 2007I recently discovered that I really have a pension coming.
I worked at Rockwell in the 80's-90's and rolled over my savings 401k to IRA in 1995 after layoff.
Last week discovered that I still have a pension despite being told then I didnt qualify.
This pension is now a Boeing pension (part of why I now qualify).
QUESTION:
The pension is a 'Life Annuity' and is not roll overable or lumpsum available.
Short of waiting till retirement… Is there a way to sell it?
If not I have every intention to wait till age 65 (im 49 now) to collect the pension for life. And the pension is small its about $400 (w/wife 100% option).
Btw, I have other $$ and pensions so this one is extra.
but if I could get the pension totally now I would do better than 5.25% that the pension does to give me the life annuity?
I assuming this idea is definatley a no-no.
Open Question: How will this affect my credit scores??
Friday, October 12th, 2007I have a total of 12 accounts on my credit reports.
1- GMAC Auto loan–originally 19,875 balance 3,245( Im goning to pay it off early in Feb.08')
1-HSBC Tax loan— 800.00 paid in full
1-HSBC Credit Card–Limit 300 balance 295
1-Capitol One Credit Card–Limit 500 balance 150
All the accounts above are always paid on time and I have never once been late on a payment.
Now for the bad…
4 credit cards that were charged off
4 collection accounts from the 4 C.C's
Those 8 negatives will be over 7 years old in March 08'.
My question is when those 8 negatives drop off my report how will it affect my scores? Will they lift because I wont have any more negatives or will the scores drop because Im losing all that history?
My scores now are… 556 513 570… which are terrible. What could I do to lift them?
All help is appreciated!