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So I've never had to deal with them so I don't get the hate on Navient, whats the deal there?
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Jan 20, 2015 03:34
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M_Gargantua posted:So I've never had to deal with them so I don't get the hate on Navient, whats the deal there? Everything you'd like to do, other than pay off your loan over 20 years, basically doesn't have a system to accommodate it. We paid off two of our loans at the same time, which required us to call in. The end result was one loan with a positive .84 and a -.79 balance for the other. I've had similar problems with EdFinancial but it's used less.
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Jan 20, 2015 04:00
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Jan 20, 2015 15:00
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My girlfriend is still going through hell with Navient. They did not contact her to request renewal forms for her income-based repayment (despite all communication being paper and coming to our house), so her payment jumped to over $3,000 a few months ago. The first time this happened she requested A) they turn off autopay and B) they change her IBR for the next payment. They did not turn off autopay, and when she called the next time (prompted by her seeing the Autopay for $3xxx 'processing'), the support rep said "the last rep was incorrect, we cannot process IBR forms in under 30 days, so your payment is still $3xxx." She was able to have her bank stop payment, luckily. (Rant: If she only had $3,000 in the bank and needed to, say, pay rent, feed herself, put gas in the car to go to work, etc... she'd be ruined. That's hosed up.) She attempted to submit her repayment forms but has been completely ignored by the "Submit My Forms" group, and phone support has told her they're basically opaque -- they get your stuff and get back to you, or they don't. 30 days after every email she sends to them, she gets a bounceback notice that the email was never opened. She has gone through the process of contacting support, requesting deferment, and not getting deferment until the second attempt every month since this began. Every time she submitted the forms, she'd call back in 24-48 hours to see if the SMF group acted on them, and every time the answer was obviously "no". Finally she got her case escalated to someone who could actually provide support and their suggestion was to circumvent Navient altogether and submit her income documentation through the studentloans.gov site, who would then forward them to Navient. We have yet to see Navient reflect this, but she did get confirmation that her documentation was forwarded from studentloans.gov to Navient. Navient is loving garbage. lament.cfg fucked around with this message at 15:05 on Jan 20, 2015 |
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Jan 20, 2015 15:03
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a worthy uhh posted:Navient is loving garbage. Their objective is to screw each and every individual ever on the earth. They can get away with it because student loans are free money to them and they WILL be repayed. The courts decided that Detroit's bankruptcy can circumvent a state constitutional amendment and screw a bunch of retirees out of their pension, but student loans are still untouchable. Their entire goal is to extend your loan as far as they possibly can so they can squeeze every cent of interest from you. They will gladly lower your monthly payment so that they can own your rear end for life, and conversely if you try to overpay they make it extremely difficult to apply payments in a way that is most beneficial to you.
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Jan 20, 2015 23:41
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Are there any tax implications for cashing out a CD? Basically I just found out I have ~4,000 in a CD that gets lovely interest (1%) until its final maturation in 2016. I figure I can just eat the $6 early withdrawal fee and deposit the money in my higher interest Roth IRA, but I don't know if I'd have to pay tax on that $4,000. TwoSheds fucked around with this message at 23:56 on Jan 20, 2015 |
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Jan 20, 2015 23:42
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TwoSheds posted:Are there any tax implications for cashing out a CD? Do it, do it now!
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Jan 21, 2015 00:08
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SiGmA_X posted:You'll only pay tax on the interest, and you'll do that regardless when the CD matures, this will just move it up to 2015 vs 2016. Your bank will provide a 1099 next January. Will do, thanks!
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Jan 21, 2015 01:02
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a worthy uhh posted:My girlfriend is still going through hell with Navient. Always use the Office of the Customer Advocate phone number when dealing with Navient/Sallie Mae: https://www.navient.com/about/who-we-are/leadership/advocate/default.aspx Save yourself a headache. Sallie Mae hosed up transcribing my Social Security number when they bought out my loans and I had to spend 2 months proving to them I was a real person. That was fun.
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Jan 21, 2015 05:14
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Credit Karma just had a massive update - you can now view your TransUnion and Equifax reports/scores for free
EugeneJ fucked around with this message at 01:28 on Jan 23, 2015 |
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Jan 23, 2015 01:21
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EugeneJ posted:Credit Karma just had a massive update - you can now view your TransUnion and Equifax reports/scores for free Thanks for the heads up. edit: I guess they started rolling this out to some users almost a month ago.
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Jan 23, 2015 05:17
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I miss how the main screen would show the balances of my debt and how much they went down each month - that was kind of cool 
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Jan 23, 2015 06:25
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CK changed my credit score with the update. It went up ~60pts for the last 3 months. Wtf?
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Jan 23, 2015 06:50
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VantageScore changed their formula.
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Jan 23, 2015 07:01
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I have $10k. I have completed a university degree (approx $35000). How should I invest what I have at the moment?
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Jan 24, 2015 05:02
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Please list: debt, income, assets, rough household expenditures in a given month. Life goals, short and long term saving goals.
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Jan 24, 2015 05:18
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Raphisonfire posted:I have $10k. I have completed a university degree (approx $35000). If you're debt free and have 3-6mo of efund already, max your 2014 Roth IRA, and put the other $4500 into your 2015 Roth IRA contributions.
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Jan 24, 2015 05:19
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El_Elegante posted:Please list: debt, income, assets, rough household expenditures in a given month. Life goals, short and long term saving goals. Debt: $35000 from uni degree income: $1000 per month assets: $5000 household expenditure: $400 life goals: not really sure short term goals: pay off degree quickly long term goals: start saving toward house and investing for retirement
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Jan 24, 2015 08:22
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Is the $5000 in something liquid? Do you really live on $400 a month with $600 in discretionary spending? What are your loan minimum payments? Your goals need to be establishing a budget that accurately and honestly lay out where your money goes each month and socking away an emergency fund in cash for at least 6 months. Do you live in a low cost of living area? $12,000 annual salary is nuts for someone with a college degree. Like, below federal poverty level. You almost certainly qualify for public assistance for food and housing.
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Jan 24, 2015 09:21
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El_Elegante posted:Is the $5000 in something liquid? edit: yes it's liquid assets. I live with my parents at the moment and I don't go out that much. The minimum loan payments are when I'm earning over 52k a year (because I'm in Australia) but I want to pay that off sooner rather than later. the $12,000 annual salary is because I'm currently a job seeker, I'm trying to find work but with a mathematics degree but it's proving to be harder than I thought. So I am planning on going into teaching that will take another year of study. Raphisonfire fucked around with this message at 10:30 on Jan 24, 2015 |
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Jan 24, 2015 10:26
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It should not be hard to find work with a degree in mathematics.
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Jan 24, 2015 18:26
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Raphisonfire posted:the $12,000 annual salary is because I'm currently a job seeker, I'm trying to find work but with a mathematics degree but it's proving to be harder than I thought. So I am planning on going into teaching that will take another year of study.
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Jan 24, 2015 18:55
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Its time to find a job, and stick part of that money into your emergency fund and the other part against the loans. Get a job.
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Jan 24, 2015 19:14
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KYOON GRIFFEY JR posted:It should not be hard to find work with a degree in mathematics. Yes, I'm confused by this as well. There should be plenty of statistics/informatics/tutoring/actuarial science jobs that'd gladly hire a mathematician. (source: I recently graduated as mathematician)
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Jan 24, 2015 19:33
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I just started a FT-job with benefits - my first one, really. Trying to figure out how I should store my money. Age: 25 Income: ~$2,700 post-tax Savings: $1,200 in the bank Debts $43,400 in private debt to relatives for graduate school - likely no interest $800 on Discover card, paid off monthly Expenses/mo Rent: $550 Transportation: $400 Cellphone: $55 Misc: ~$100 My employer offers retirement savings, 25% match up to 1% of salary (I put in 4%, get 1% match), which I was planning on taking. Planning on saving as much as I can, but I don't know how I should stash it - Savings account? Having a decent amount of money is pretty new to me, and I'd like to put as much away in a way that is still somewhat accessible as I'm not sure if I'll end up moving and would need funds for that. Long term goals would be saving for a house and paying off my debt to family (which I still need to discuss with them).
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Jan 24, 2015 19:42
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Massasoit posted:I just started a FT-job with benefits - my first one, really. Trying to figure out how I should store my money. That is a bullshit 401k match, you should post up the fund options, its possible they're horrible and you'll be better off not taking the match...
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Jan 24, 2015 20:41
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SiGmA_X posted:I would say put 4% into retirement, then save 3 months of expenses and place it into a savings account, and then pay off your debts, and then up retirement savings to 15% and start saving for a house. Get out of debt first. The plan is a 403(b) plan through Mutual of America with an entire booklet of plan options. Something else to consider is that I wouldn't be 100%vested until 5 years and would not have any vesting until after two years and I'm not sure how long I will be with this organization.
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Jan 24, 2015 21:42
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SiGmA_X posted:That is a bullshit 401k match, you should post up the fund options, its possible they're horrible and you'll be better off not taking the match... Even with horrible ERs, it's hard to beat a 25% instant ROI, don't be too hasty
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Jan 24, 2015 21:57
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Bloody Queef posted:Even with horrible ERs, it's hard to beat a 25% instant ROI, don't be too hasty I do agree though, it is usually always, always worth taking the match due to the instant ROI.
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Jan 24, 2015 23:26
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SiGmA_X posted:I do agree though, it is usually always, always worth taking the match due to the instant ROI. "usually always" is like saying "sometimes never".
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Jan 25, 2015 00:25
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I have several credit cards with high limits and 0 balances - should I close them? Right now I have: Amex Green (use for most day-to-day purchases) CC 1 - $6800 limit CC 2 - $4500 limit CC 3 - $2000 limit CC 4 - $3500 limit I'm thinking about closing 3 and 4, and having 1 and 2 for emergencies (dog surgery, house implodes, etc). I know closing accounts isn't great for your credit, but how much of a blow would it be? Is it better to keep them open?
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Jan 26, 2015 20:01
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Seven Hundred Bee posted:I have several credit cards with high limits and 0 balances - should I close them? The blow will depend on age of the closed accounts, but as long as you have at least a few lines of credit in good standing remaining, closing old ones shouldn't hurt you particularly badly - I wouldn't worry about it overmuch unless you're right on the line between credit categories and need your credit score for something pretty soon. Scores are proprietary, so no one will be able to tell you with certainty what it'll do.
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Jan 26, 2015 20:09
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Thanks! On that note, thinking about swapping my Amex Green for the Starwoods Preferred card - anyone have experiences with it? Or is there a better charge card with rewards out there?
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Jan 26, 2015 20:13
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Seven Hundred Bee posted:I have several credit cards with high limits and 0 balances - should I close them? Do any of those have annual fees?
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Jan 26, 2015 20:14
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If they don't have fees, don't have a bonus you want to churn, and you have an easy way to track them, then you might as well leave them open.
asur fucked around with this message at 20:37 on Jan 26, 2015 |
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Jan 26, 2015 20:16
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No fees.
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Jan 26, 2015 20:18
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If you don't use them eventually they may be closed for you so you will have to actively charge to them once a year or something. I just had a Visa card close because I didn't use it for three years. I didn't really care though. Also all those cards really have a low limit. High limits are more around $20k+.
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Jan 26, 2015 21:01
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Close them without regard. I closed my oldest account around a year ago, and my credit score is still right around 800.
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Jan 27, 2015 01:48
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An open account is just one more thing that can get nailed by fraud. Just close them. Your credit score is not a video games score. A few points aren't worth the hassle.
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Jan 27, 2015 11:20
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Dead Pressed posted:Your credit score is not a video games score. You just don't understand the need to min/max LIFE.
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Jan 27, 2015 16:31
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