Help me build a response…PLEASE!

May 282010
 

This is the second time i have sent off a GW to my local CU and this is their response.

 

 

Deark SBK,

Thank you again for taking the time to share your concerns surrounding your credit report with us. It is clear you understand the importance of maintaining an exemplary credit rating and that you desire to meet your personal obligations. It is also clear that you are aware that we are legally bound per our agreements with the credit bureaus to report all information accurately. As you stated, the fact remains that you did fall behind on your payments at one point and we are obligated to report these events as they occurred.

 

As you mentioned, unexpected and unfortunate events occur in most all of our lives at some point. That being the case, if we were to begin making exceptions for one member, we would have to then make exceptions for all members, which would invalidate the credibility of the information we were reporting altogether. In addition, this would constitute a compromise of our integrity as a financial institution and could jeopardize our partnerships with the reporting agencies.

 

We appreciate the fact that you continue to meet your current obligations and we value your membership. Our Member Service Specialists are dedicated to improving the financial lives of our member-owners. We would be happy to assist you with a financial review of your credit report at no cost and help you build a plan to improve your credit score, reduce your debt and start building a savings plan to help you build an emergency fund. Feel free to stop by any Member Financial Center or call our Member Contact Center to discuss how we can help you build a stronger financial future.

 

Sincerely,

Mr. Shot me down again!  

How do health insurance tax deductions work for a member managed LLC?

Jan 252010
 


I have a business with two other people (society). Only three of us, we have no additional staff. We pay our health insurance through our business. Based on these facts, I would like to know how can I save my personal income tax. This is a standard write-offs, like all other costs of employment or health insurance, the IRS is a different treatment?

How do I calculate mortgage payments when buying a home from a family member?

Jan 182010
 


We are thinking of buying a house, my father. Instead of using a mortgage broker or bank, has suggested using a lawyer, set up the monthly loan payments directly to him. We will still buy a house, but our name, rather than rent. How is this calculated? Moreover, it seems that this has provided us with the flexibility and saves us money, but it is not so sure. What is the specific solid on this?