Washington Business Daily

Payments!?!? Is car payment due at the end of the month or at the begging? I need to know if the payments for the follwing would be due at the begining of the month cell phone car insurance car payment apartment rent cable internet I really need help it's for an economics project.

Why do payments come out lower with monthly compounding when using the ordinary annuity formula? It seems counter-intuitive, but when I try to solve for monthly payments on this problem, the payments are lower for the annuity that is compounded monthly. Problem: A debt of $25,000 is to be amortized over 7 years at an annual interest rate of 7%. Calculate the value of monthly payments (a) if interest is compounded once a year, and (b) if interest is compounded monthly. I get $386.57 as the monthly payment for the annually compounded debt and $377.32 for the monthly payments for the debt compounded monthly.

Why does it take nearly a week to receive payments although the agency has received the payment from parent? My childsupport is always paid by absentee parent N.L.T the first of each month via wages garnishment. Although the payment is received by the 1st of month, there have been times when the payment was not alloted out to be received by parent until around 7 to 10 days later. A couple of times later. I understand there may be holidays or weekends to take into consideration but even if there are no holidays it may still take alot of days before being sent out. Some parents work full time but it is still not enough to support the family and until payment is received many bills will not be paid or food will not be bought. Not to mention late fees that may accumulate because of late payments being sent out. The recording states that it may take two business days to be processed or sent out after payment is received but many times it is more like 7 days not to include weekends before payment is sent.

Better to make extra principal payments or extra mortgage payments? I am planning on paying down my mortgage early. Am I better off making an extra $500 principal payment or making an additional regular payment every other month? It seems that I pay more interest when I make extra payments, which helps on the taxes - but wondered what it would look like after a few years.

How can I report payments and non payments of customers to the credit bureaus? I am opening a car lot and plan on doing some in house financing, it would really help me and my customer to know how I go about reporting payments and non payments. 1. How do I go about doing this 2. Where to go? 3. Whats the cost? These are some of the questions I need answered. Thanks in advance

How are minimum monthly payments for credit cards figured out? My friend has a balance of $4500 with an APR of 21.99% (he had a few late payments) and a daily periodic rate of .0602%. We're trying to crunch the numbers and figure out how much he minimum monthly payment would be if he purchased a $2550 laptop computer. My friend's credit limit is $9000. Can anyone tell me the formula used to determine the monthly payment? Who said my friend is having trouble making the minimums now?

Is there an advantage to making multiple payments in the same billing period to the same credit card? Say for example, I have a $1,000 debt on a credit card with a competitive, low APR. Instead of paying $100 per month to pay this debt off during the course of 12 months, is there a benefit to splitting the payment into 2 $50 payments during the same billing period? I will be paying this balance through automatic bill payments from my online checking account, so it's very easy for me to set-up either option. My initial thought is that it's best to make a $100 payment at the beginning of each billing period, but I would like to hear your thoughts. Thanks!

How do house payments and mortgages work? I have always wondered how house payments and mortgages happen, and how they figure out your monthly house payment. What would I have to do in order to buy/build a home with money?

What happens with my debt and payments after joining the military? I was just wondering what happens to my car payment, college loans, and credit card bills if I joining the military? Will they hold off my payments for a while or the entire time I'm in the military? If not how do you make your payments?

Does your rent payments make a difference when applying for a home loan? I am planning on buying a home within the next few years, so I just wanted to know if the banks look at how much I currently pay for rent. Will my monthly rent payments affect in any way the loan I would get or do they just base it upon income only? I have a great history as a renter always making my payments on time.

Can I deduct my car down payment and following payments if the car is used mainly for work? My company requires a car in good condition as a condition to be employed. Can I deduct my down payment and montly payments from my taxes?

What methods of payment are effective of collecting payments for Freelance Graphic Designers? I have recently ran into a lot of deadbeats that don't want to pay for my time and work. I have adopted the new rule of 50% down, and I'm now looking into PayPal and Quantum to see if I have to pay up front or through my payments for their assist in collection. Please, any and all suggestions are welcomed.

Are payments that someone makes to me considered additional income? I made a loan to a person and they are paying me back . This was for a loan to help them purchase property. My question is this. Are the payments I recieve considered additional income that I have to pay taxes on. I paid tax on the money once and loaned it out. There is no interest involved but if they pay me back $40,000 all at once when they get their loan, is my money I loaned them considered additional income that I have to pay taxes on again?

How do I calculate payments on a amortized loan? So I have a Business Analyst BAII Plus, Texas Instruments calculator and I want to know how to figure out the payments on a loan. I know how long payments will be made, interest rate, amortization (years), and loan amount. Can anyone tell me how to calculate this using my calculator, or any websites that can tell me. Thanks!

How to arrange car payments with private owner? I have very little down payment for car but can make payments. I've seen opportunities on Craigslist but I want to protect myself and handle this in best legal, cleanest way. How is this done?

How do I start making payments to a rent a center, a year later? About a yr ago I stopped making payments to a rent a center and moved. In this year I've matured, and I want to make things right. Am I going to have to just to give the merchandise back or will I be able to start making payments again?!?! What should I do? I don't want to go to jail! How can I make things right?

How do I get all my credit card payments down to one monthly payment? My husband and I have been married for about 3 months and we have 7 credit cards all together and they are almost maxed out. What is the best way to get rid of the debt and make only 1 payment a month instead of 7 different payments?

How do I calculate mortgage payments when buying a home from a family member? We are thinking of purchasing a house from my father. Instead of using a mortgage broker or bank, he suggested using a lawyer to set up monthly mortgage payments directly to him. We would still buy the house, and it would be in our names, not renting. How are payments like this calculated? Also, it seems this gives us flexibility and saves us money, but isn't as secure. What are the specific down-sides to this?

How do I use Quickbooks to track clients who miss their monthly payments? I'm new to Quickbooks. I don't even know which key words to use to search for answers to my questions about the program. If you can point me to the appropriate sites, that would be great. Here's my problem. I work for a law firm. A typical retainer agreement has the following figures: $10,000 total balance $1,000 down payment due today $250 per month for the next 36 months. Other info: Send a reminder letter (ranging from mild to harsh) if payment is missed in 1-3 months. Send a letter of final notice if payment is missed in 4-6 months. Send a letter informing the client that we'll take them to small claims court if no payment is made after 6 months. As you can see, I need to keep track of which clients have been missing their payments. Can you help? Thanks.

Will preauthorize payments with my credit card boost my credit rating? I want to preauthorize monthly payments on my credit card for my student loan. Will this actually make my credit rating better? Do you think I should do it? I have the money to pay for the payments, I would just prefer the payments to be made on the same day every time. My credit is good, but I would like better credit as I'm planning on buying a house in the near future.

How does buying a Macbook in payments work? I'm thinking about buying a macbook and, although I can afford to pay for it upfront, it would take me six weeks to do so, and I sort of want it sooner than that. Now, I was wondering if I bought it in payments would there be an upfront fee I'd need to pay? Or would I only pay for the warranty upfront? Can anyone who bought one in payments tell me how this works? Thanks.

What happens if my bankruptcy trustee isn't making the payments to my creditors? I am in chapter 13 bankruptcy that was confirmed in February. I have made all the required payments to my trustee since I filed last September. She has NOT made a payment to my mortgage company since March and now they want to forclose on my property. I gave my attorney all the payment receipts to prove I made them. Are there any repercussions to the trustee for not making the payments? She has over $6,000 of mine that she hasn't paid to my mortgage company. What can we do?

How are payments on a credit card made? I never had a credit card. I wanted to know how payments are made. I assume that a credit card holder will receive a monthly statement, like any other financial account. If purchases were made, the holder is expected to submit payment at that time. Is a check mailed to the credit company, or can payments be made at the bank/institution that issued it?

How do you reduce my mortgage payments, or stop them all together? A family friend has bought his house for around 130,000 around 10 years ago. The current home value is 44,000 and he has to pay around $900 in mortgage payments. Is there any way to lower, or even stop, the payments altogether? What is the best solution for this dilemma?

How exactly would someone TAKE OVER PAYMENTS on another persons vehicle? We are buying a car from someone , we have been making payments to them to pay on the car but would like to find our own financing and stop paying them. Where would someone look if they wanted to obtain their own financing on a vehicle that was already financed? What would the steps be to take over another persons payments? The people who own the car have a loan through a financing company not the dealership itself. Thanks!

How many car payments can I miss without having my car repossessed? I recently lost my job and have not yet found a new job. I owe approximately $6,000 on an $18,000 car loan. Does anyone know the law regarding repossessing. I was just wondering how many payments I could legally miss before losing my car?

How bad can the late mortgage payments hurt my credit score? I'm one month behind of my two mortgage payments (one for my own house, and the other one for the investment property). I am planning to catch up all the late payments in the end of next month since I need the money for some important thing right now. How bad can this hurt my credit score?

How is bond yield calculated when interest payments are not reinvested? The most common number used to compare different bonds is yield to maturity (YTM). However, YTM assumes interest payments will be reinvested at the coupon rate (which is unlikely since interest rates can fluctuate anytime). So how does one calculate yield or rate of return on a bond in the case where interest payments are not reinvested at all? Thanks. The nominal yield seems like the right answer. Can that the expand though to include capital gains/losses incurred from buying the bond at a discount/premium? Thanks.

How can a collection company double your bill after you made regular payments? We have been making payments through a collection agency over the last 2 years, to the tune of almost 2000. Today we got a letter saying not only did they sell the account to someone else, but they did not lower the amount at all from the payments we have made. Now the bill is over 800 more than it originally started at. We have made consistent payments monthly for 2 years and have never been late. How can this happen? We do have proof of the payments, thank goodness we paid in checks! Is this legal?

Should I start making payments on a student loan that will possibly be paid when I graduate? I have SC teacher loans and perkins loans. They have given me the option to start making payments now. Will this look good on my credit and application for a job?

What are the various methods of receiving payments from sell our products/services on internet? If I am offering some products or services (say educational courses) through my website, then what are the easiest and least expensive ways (both for sender and buyer) of receiving payments? Please tell me about this with respect to both big and small payments. Please also through light on the procedure involved in various methods.

How do I get my home mortgage payments to apear on my credit report? I've owned it since 2003 and it doesn't apear on my credit report. I've contacted the three credit agencies and they said it was up to the loan servicing corp. or the lender to report it. Neither the loan servicing corporation or lender will report it. I've made all payments on time and don't get any credit for it but if I were to miss payments I bet they would report it asap.

How do i switch payments of a financed motorcycle to someone else? I live in NJ and i have a bike that i want to give to a close friend that is still being financed. We were hoping there would be away to just transfer the payments? If you know how to do this, help me please.

How much are payments for parents or independent students attending a school with a total cost around 30,000? I would like to know (this question is for parents currently paying for tuition around the same amount and independent students paying their own tuition) How MUCH are your payments and How OFTEN do you make payments? My parents are concerned about the costs and want to know how making payments usually works. Serous answers ONLY Thanks!

What is the best product to accept online payments ? I am looking for low-cost solution to accpt online payments.I have a html website from where user can make a payment and buy product.Is Paypal the best solution - it has several products - which one to choose.Is integration starightforward ?

What is the best way to combine mortgage payments for 2 houses? After getting married, we now have 2 house payments, and are having a tough time selling my wife's former residence. Short of renting, what is a smart way to handle making this house payment? Refinance?

How much do you think your student loans payments will be monthly? I know this lady who I work with is still paying off college loans after being out of school for 10 years. She says she only send out a payment of 15-20 dollars a month. How much are your monthly payments gonna be?

What happens to the over-payments on my secured capital one credit card? I have a secured capital one mastercard. Occasionally when my bill is due I pay more than the balance by a few dollars. Over time this has started to add up. I'm wondering if I will get my secured funds plus the additional funds that I've paid into the account when I close the account? Also, I think these payments are counting towards my credit limit, but I'm not sure.

How can I receive credit for my car payments? My dad took out an auto loan for me. I co-signed on the application. I've been making all payments and have never been late. But now my dad is receiving the credit for this. Is there any way possible to show the creditors I've been making the payments therefore I should be receiving the credit?

How does making early car payments affect my credit rating? I am the co-signer with my mom when we financed a car from Honda. It lasts for 5 years. I am trying to pay it off in 2 or 3 payments within 1 year to avoid having to pay the high 9% interest rate. By doing this, how will it affect my credit rating? Will I have better credit if I pay it off throughout the 5 years?

How late do you have to be on your mortgage payments before a bank will start foreclosure procedings? My sister, a nurse, is off work due to a broken leg and her husband (deadbeat) quit his job just a couple of days after she got hurt and hasn't gotten a new one in the last 5 weeks. She doesn't have sick leave or temporary disability insurance. She missed this month's mortgage payment. She will probably be off work another 4-6 weeks if her leg heals okay. So that means missing at least a second and maybe a third payment. But her doctor worries with the type of fracture she had that it may rebreak after she gets the cast off and tries to walk on it with even a boot. Then he would have to do surgery with plates and pins. She could be off work for up to 3 months more if that happens, which would put her missing almost 6 payments. I don't want her to lose her house, but I don't want to give her any money until she is truly at risk because I don't want her husband to benefit from it.

How to have your mortgage payments at a lower rate when shopping for a loan for a property? What is the tax benefit of home mortgage? Why is there variation in HOA fees? I am looking to have my monthly payments at lowest possible in that range of loan.

How do you report mortgage payments paid to an individual to the Credit Bureau? We purchased our home over a year ago through a real estate investor. We paid 10k down and always make our payments on time. How do we get this reported to the major credit bureaus?

What happens to child support payments when you move out of state? I live in PA now, he lives in NY. If I move to CA what happens to the payments? Do I have to file all over again? He doesn't see "our" son at all never once showed for a visit.

Do you still make mortgage payments while your home is on the market to sell? My friend was selling his house and couldn't make the mortgage payments while the house was on the market. He said the real estate agent/company would pay his mortgage while it was up for sale. Then when the house sold, they deducted it from the price of the sale. How is this done? Also, if you don't make any mortgage payments while the house is on the market can it go into foreclosure?

How long am I entitled to receive unemployment payments in Australia? I tried to search on Centrelink web site but couldn't find this info. So,how does it work with these payments? How many months can I receive this type of payment and how much can I expect to get? Thank you.

What is the best way to accept online payments in Dubai? For an e-commerce site targeted at consumers living in Dubai, what is the best option for online payments? Who are the leading merchant account providers and payment gateway services operating in the UAE and what currency are citizens most comfortable in using to pay online in? Do most residents hold credit cards or do they prefer to pay using bank transfers or PayPal like services? Are there any governmental regulations I should be aware of?

What are all the monthly payments you make on a house? I'm a first time home buyer the houses and I'm wondering are there any other payments to make on a house (not including utilities) besides the mortgage, property taxes, and the property insurance?

How do I lower my car payments when refinancing is not an option? I have an '05 Xterra my husband and I purchased new when we were married. One month after purchase we split and I have been making the large payments on one income, which has been tough. I have about $5,000 in negative equity, which has made it difficult to trade to a cheaper vehicle. Does anyone have any suggestions? The bank wont refinance with just my income.

What percentage of your income goes towards your mortgage payments? If you don't mind my asking, I'm trying to figure out what a reasonable percent of my income is to be going towards a mortgage payment. My partner and I make around $6500 gross monthly, and I'm wondering what percent of that we could reasonably spend on a mortgage without getting in over our heads. We have no other debt, but have normal bills like utilities and car insurance. If you don't mind could you please give me an idea of what you earn and what you put towards your mortgage? Or what percent of your gross income goes towards your mortgage payments? Thanks so much!

How do I lower boarding payments on a horse? Hey everyone- I got my mom to look into a lease to buy! Now I need ideas on how to lower my boarding payments. I want to keep a horse at this one farm, but board is $425 a month! Mom said that if I can minimize the boarding payments, then I can get a horse! I said I would be able to pay for vet and farrier- which I can do. As I said in my other post, I have lots of horse experience- riding, training, and care. I have proven to my parents that I am responsible enough to own my own horse, which is why they are looking to get me one. So does anyone have any advice on how to lower monthly board payments? Thanks to all who reply!

How long does it take tax payments to be cashed? I a little tight on money for the next couple days, and get money on Monday. Will the tax payments, to both federal and state be cashed quickly? I sent them out on Tuesday night from Southern California.

How long do late credit card payments impact your credit report? I checked my wife's credit report and she has 3 accounts with late payments from several years ago prior to us being married. One was past due 60 days, one was past due 30 days a few times, and one was past due 120 days. How long will her credit rating be impacted by these accounts? Is it 7 years from the time the account is closed?

How do you manage the monthly payments for your apartment? I am moving to my new apartment in a week or so but i'm a little scared of how to manage my money to pay my rent every month. I've lived at home with my parents all my life and all i've had to pay monthly was $300 just to help my dad around the house. I make close to $1,700 a month and the rent will be $825. I'm sure I can afford it along with my cell phone bill($100), my car insurance($68) and 2 credit card payments($100) a month but i'm just not sure how to save all that money and have it ready for the end of the month. Any tips on how you manage your money. Do you save so much every payday and keep it for your rent. What do you do? Please help. I'm 21 years old and moving in to my first apartment. Thanks!

What would be the down payment and monthly mortgage payments on a $3 million home? I have fallen in love with a $3 million Hollywood Hills Tuscan-style villa, and I just wanna know what I would need as a down payment and what I would realistically be looking at as monthly payments. Any input will be greatly appreciated!

How do I sell my car while still making payments on it to the bank? Im about a year into my 4 year plan on making payments on my car. I want to get another car, and so sell this one. I want to know how I would go about either signing over the payments so some one else, Or being able to get money from the person who may buy my car and give it to the bank. I dont know how the process goes, or the rules of the contract. Any advice?

How can i lower my mortgage payments without refinancing? I heard from a friend that Obama came up with a new plan, anyone know what that is? Whats the right way to go to lower my payments?

Have a commercial property I make payments on. Can I use the interest as tax savings on my personal income? I have a retail commercial property. It has 3 store fronts and all three are rented out. I was wondering if I can make extra payments from my personal income toward the property's mortgage and use the interest paid toward lowering my taxable income on my personal income?

How much do you think your student loans payments will be monthly? I know this lady who I work with is still paying off college loans after being out of school for 10 years. She says she only send out a payment of 15-20 dollars a month. How much are your monthly payments gonna be?

What is the best way to accept credit card payments for my vacation rental home? I have a rental house on Lake Huron and I would like to be able to accept credit card payments from my renters. This will all be done over the telephone so I have no need for a card swiper. I'm basically looking for the cheapest way to accept electronic payments then refund a deposit.

Who is responsible for the mortgage payments during the foreclosure transfer process? It usually takes approximately 90-100 days to effectuate an uncontested foreclosure. During that time, who is responsible for the payments, if anyone?

How long do late credit card payments impact your credit report? I checked my wife's credit report and she has 3 accounts with late payments from several years ago prior to us being married. One was past due 60 days, one was past due 30 days a few times, and one was past due 120 days. How long will her credit rating be impacted by these accounts? Is it 7 years from the time the account is closed?

How can I legally take over payments on a family members land loan? My sister has an acre of land that she's been paying for the past 5 years. She can no longer make payments and has asked if I wanted to take over for her. She would rather give the land to a family member then risk losing it to the bank. What exactly do I have to do to make this legal? I heard something about a land contract? Do we have to involve the bank?

What is the best way to receive payments over the internet? I produce music and I'm looking for a way to receive payments over the internet. I already know of paypal, but are there similar sites that are beter? Thank you in advance.

How do I treat payments to foreigners for the services rendered by them on my tax return? We are a software developing partnership in the US who offshores the work to foreign countries. How do we treat the payments for the services rendered by the aliens ?

How quickly are payments reported to credit agencies? We're going to be paying a few thousand dollars at once to get our balance back down to almost nothing. I was curious how quickly that is reported to credit agencies. We don't have a problem or anything, and our payments are always above the minimum and early. Just wanted to sort of do an experiment by looking at the credit rating before and after the big payment.

How do you figure quarterly estimated tax payments for a single member llc? I've recently taken over my husband's books and I'm not sure how to figure his quarterly estimated tax payments. He is a single member llc. Help??? We live in South Carolina.

What is a trick about collecting rental payments on time? I would like to do some real estate investing. My fear is the dread of collecting rental payments on time. I work in a real estate environment and hear horror stories. Any secrets that work for you? Amelia's answer is the best. Thanks you!

How do the mortgage and bank loan payments work in the game Cashflow? How do we figure out monthly payments etc?

How to I make and receive Paypal payments instantly instead of by echeck? I do not use Ebay so we are strictly using paypal to avoid exchanging checks and going to the bank among roommates. However, it takes so many days to clear, it is not worth it if it takes so long to transfer money. How do we set this up so payments can occur in 1-2 days instead of 5+?