Debts, debt buyers, and proof in credit card case
A man disputes a debt bought by First Select Inc from Bank of America claiming the card was possibly used fraudulently or under identity theft. He cites the divorce decree to limit responsibility, asks who must prove the debt, and notes the Debt Collection Practices Act offers a dispute window not updated for debt buyers.
MENTIONED IN THIS ARTICLE
Agence
Bank of America
First Select
First Select, Inc
and of America
Lending from a 401k gains mixed reviews from advisers
The article follows Kim Carfi who borrowed from her 401(k) to buy a Yamaha R1 motorcycle, highlighting how borrowing against retirement funds can lower costs and avoid new loans while delaying investment growth and showing that contributing still ongoing during repayment.
Considering 401(k) loans pros and cons for borrowers
A 401(k) loan is easier to obtain than a bank loan and the interest goes back into the borrower's account, but the money sits outside the market, hindering compounding. If default or job loss occurs, penalties and taxes apply. Rules cap loans at 50 percent of the account up to $50,000 with a five-year repayment, and leaving the employer can trigger penalties.
MENTIONED IN THIS ARTICLE
Carfi
Employee Benefits Research Institute
Washington
Sarah Ludington
Benefits
O'Brien & Gere
Ludington
Home Equity
Beacon Federal
Key Bank
Fleet Bank
Bank of Chittenango
BSB
Oeweys County Savings
Money Market
Seld
Oswego County Savings
Solvay Bank
Geddes Federal
Geddes Federal Savings
Omeda Savings
Pathfinder Bank
Seneca Federal
Geddes Federal Bank of Chittenango
Seneca Federal S&l Byears
Oneida Savings
Byears
Ees Gank
Chase Manhattan
Vieja Oswego County
Federal
SSS T S
VIS Bank of Chitenango
Beacon Federal +S
Ans Solvay Bank
Seneca Federal S&s B
Chase Manhattan Bank S
Oneida
Collar strategy for Krispy Kreme stock protects gains
The reader asks about using puts and calls to avoid selling Krispy Kreme shares while protecting gains. The answer explains a collar: buy a put to set a floor price and sell a call to offset costs, allowing protection against downside while capping upside, a tactic favored by executives with restricted stock and large positions in blue chips.
MENTIONED IN THIS ARTICLE
Joliet
George W. Bush
IBM
At&t
Microsoft
Kimberly Clark
COBRA coverage questions for religious employer switch
A reader seeks advice on continuing health coverage under COBRA after changing jobs especially for a pregnant spouse. The piece notes COBRA protections, potential 30 day continuation, cost limits, and whether dental coverage applies. It references guidance from Centhia Wood and local agencies, plus related notes on Spanish language access and public health clinic findings.
Also Mentioned on This Page
Patchett
Trator
O'Brien & Gere Cos
Syracuse
Joan
Kim Carfi
Stephen DW
Kim Care
O'Brien
Gere Ltd
DeWitt
Sarsh Ludington
Melissa DeStephano
Fidelity Investments
Millburn
N.J
Saw
CIA
COBRA
Centhia Wood Gral Servic Provests
State Insurance Department
Weed
Th S. Agency For Healthcare Research and Quality
Census Bureau
BlueCross. BlueShield
Central
New York
Health Plan
Werw
Health Department
Centers For Disease Control and Prevention
Atlanta
James T
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