What should I do??  Pay, withdrawal, or continue next yr.?
968272
if you have a finical hold it will transfer to all colleges... so i would take care of that balance... besides that... i would reflect of what i really want right now... the credits.... the money .... the effort.... \n\nits all what you want... ask yourself...reflect
804623
I think I would try to hang tough and make it difficult for them, but I think you will probably have to pay.  In fact you are probably not the only person that was over-paid.  \n\nHowever, in your negotiations/discussions with them, make sure that they re-pay YOU for the 10% penalty and tax that will end up on you tax return for the year because of the pre-mature withdrawal of the funds to pay them back.
651142
Open up a Collection Agency...\n\nThe whole world will hate you, though...
158905
ask the bank....best thing to do. They should know.
1045219
Pay off any credit card or other large debt. This will be your best rate of return.\n\nConsider investing the balance in a Roth IRA or contribute more to your 401K.
410356
I suggest you get your stuff together, starting now...as in life. IF you are earning an income, you will have little recourse but to file all taxes with whatever payment you can muster. You will be levied fines and interest and penalties. IF you have a bank account, I strongly suggest withdrawing all monies from it, as if you have much in it, it will be siezed as soon as the IRS checks your assets out. IF you own a home, there will be liens placed upon it for the amount you owe. \nIF you do not have an income...relax!  Just don't plan on having one for about 1 year. NOW, go to a tax lawyer, spread out the mess. They will help you file, with addends as to NOT BEING ABLE TO PAY....the IRS will settle for whatever they can get, as little as .01 on the $ owed. You will have to pay something, but not anything like you may owe. Once you have an agreement with the IRS, DO NOT BREAK IT IN ANY WAY...if you do break the agreement, you will have to start all over, and trust they will then begin to hound you. Get yourself legal in any way you can, for the energy you spend on worrying about the IRS is destructive to your future. You can come out of this clean, and when you do, stay that way! You cannot go 'underground' and ever expect to earn much money in cash...people cannot pay much in cash, for they will be paying the income tax on whatever they pay you...do not expect much in the way of wages when you work this way. Be aware that anything and everything you own is subject to siezure IF you do not come clean... IF THEY Find out about your 'activities' before you tell them about it, they will come down on you hard....it is called tax evasion, and you can go to prison for it...doubtful, but certainly can happen. Once you file returns, they cannot jail you...they can just go after whatever they can get. Act now, this will not get better with time. Good luck
257490
Pay up or we will pull the plug (LOL, sorry, I don't know)
1109245
If you find a job that pays u more and its worth leaving this one I would suggest yeah move on.Where I work is also the samething but I don't even worry I do my job take care of what I have to do and that's it.I just think about bringing the money home not the bullshit other people talk about cause they ain't got anything else to do.Good Luck!!
52079
You should be getting a letter from the IRS about where the money went. That is standard practice. If not, the obvious one would be an outstanding Student Loan. They will take your money if you have not paid them. Have you done your research? Call the IRS and ask.
569708
Extra points to you for thinking AHEAD.  Most people destroy their credit, then think about paying down the debt.\n\nIt would have helped greatly if you had been more detailed in describing your situation.\n\nFirst, can you make minimum payments to keep afloat?  18% isn't fun, but that avoids the credit catestrophy issues, at least.\n\nSecond, what do you have equity in?  A house?  A car?  Obviously a 401k.  Make a list of everything worth over $500.  Can you get a loan against one of these assets?  Consider approaching family and friends and ask them for a short-term (1-2 yrs) loan secured against something, preferably.  I've seen people get unsecured (small 1-3k) loans from family.  I've done a lot of these.  Write them up, be professional about protecting your family/friend who has probably not enthusiastically become an "investor."  Take care of them.  In the future, after you pay them off, they'll remember your integrity is solid.\n\nBottom line, you appear to have assets.  They appear to be illiquid.  Your mission, should you choose to accept, is to find a way to loan against one of those assets to create some cash.\n\nIn writing this answer, it's become clearer my reaction to your paying off your credit card debt.  BE VERY CAREFUL.  I've loaned a lot of money to people who get into have-assets-but-no-liquidity situations (except with much larger numbers).  Because if you get a loan, and spend all of your cash to payoff your credit cards, then you're almost back to the same situation again:  no cash.  This is an incredibly dangerous place to be since you can not make minimum payments on most bills - rent/mortgage, property taxes, car payments, electric bills, etc.  Being even a few days late could wack 120 points or more off your credit (I watched this happen 2 weeks ago).\n\nLet's assume you are getting unemployment that will cover basic living expenses, ie you have cash coming in from the gov't for at least awhile.  If then the only problem is that your credit card is at 18-24%, then yes, it probably makes some sense to borrow at 8-10% from family/friends and pay off most or all of the debt.\n\nAfter you borrow the money and get ready to spend it, Beware.  It is unlikely you will get too many chances to get this right.  Once it's spent, it's hard to get back.\n\nI would be VERY comfortable with my cash situation before paying off credit cards.\n\nAnother alternative is to get a credit card that will give you 0% APR for 6-12 months.  It'll ding your credit about 12-15 points, which shouldn't kill you, but more importantly, it'll save interest.  At this point, you then have another credit card, which if you're wise will simply be for emergencies.\n\nFeel free to email me with any questions,  Good luck,\n\nJared\n- - - ADDED AFTER I RECEIVED EMAIL WITH MORE INFOMATION - -\n\nI had another idea that might make more sense for you.\n\nInstead of pulling the money directly, which will incur something on the scale of 38%+ penalty (THAT's a wicked interest rate), you should see if you can borrow money from your 401k.  It's estimated 75-90% of 401k plans qualify for this "loan"-feature.\n\nBasically, you withdraw up to 50% (or 50k, whichever is lesser) of your 401k.  You may have to state that doing this helps prevent you from losing your home.  You then repay the loan/yourself over a 5 year period and you repay yourself with interest.\n\nAssuming that your employer's 401k allows for loans, this makes much more sense.\n\nYour current scenario:  38% penalty * 30k= 11.4k to the government, leaving you with only 18.6k.  Which means you have to withdraw much more to pay off the credit cards.  You have to withdraw $48,400 (less 38% penalty) to have 30k left for credit cards.  Too payoff your credit cards, you'll lose $18,400 in penalties/taxes.\n\nLoan scenario:\nIf you need 25k, take out 30k.  Charge yourself 8% interest.  Use the left ov
932287
I was in the same predicament and did the same thing in terms of leaving money on direct deposit for the minimum payment.  I resolved this by applying for a 0% credit card (it switches to 9% after 6 months). I actually wrote the a credit card cheque to the UK credit card to transfer the balance over to Canada.  I then paid it off in full due to a lucky windfall on my outstanding UK taxes. Still, the credit card cheque(from the Canadian low-balance card) to the UK bank worked - it just came up as a bill on my visa...You'd have to check into fees (could be higher for balance transfer) - but it is much less stressful to manage the debt here in Canada at a relatively low rate. You will start paying horrible interest and carrying charges to the UK bank, so at least try and move the balance to a 0% card for 6 months over here...I am told that Equifax, etc are increasingly on the same network - so it isn't worth gambling with your credit rating...
1038472
yes ask for it back! it is yours! People should pay off what they owe and should stand by there word!
954806
You call.  You say I'm interested in finding out if there is anything you can do about my current APR.  \n\nThat's it.\n\nIf they hem and haw, say you got an offer from another credit card company for 0% APR for the life of the transfer.  That usually gets them moving.  \n\nBear in mind though, that you should at least have been making minimum payments for some time.  They will work with just about anyone but the better you are in paying your bills, yet keeping a balance, they better off you will be.  They don't want you to take your money elsewhere, but they do want to be sure they are going to see some of it someday.
57973
Put it in Mutual funds, if you want a bit of risk...  Otherwise, forget stocks and go with GIC's or bonds...
448298
Pay on time and don't be late on anything. On a credit card do some buying with it and then pay it off. Cejay
399865
I don't know.\n\nWe are currently in April, end of the year is 8 months away. Too short for investing.\n\nWith an 8 month time horizon, consider a savings account.\n\nAlready have your money in Cisco, and looking to get out at $30? - Are you currently ahead or behind?\n\nThe way to work out whether you stay or get out is ask yourself: "If I had cash today - where would I put it?" \nIf you answered Cisco - hold it - if you answered cash - sell it!\n\nGood luck
715505
Invest better.\n\nCoach