Personal Finance Questions and Answers

Is the orange savings account with ingdirect.com a scam to get my checking account info or is it legit?




Answers: It is a legit bank.You can open one over the phone or by Internet.It is one of the largest banks in the world.Yes i do have an account with them.The interests rate is real and so are the promotions they run.But, you are smart for asking.
ING is a legitimate company. That said, their is NO legitimate reason they need information about ANY accounts you have with another bank.

Can I use Paypal next to a money picture?

I am thirteen years old and want to go and buy things on Ebay using Paypal and i wanted to know if I have to have a checking description or if i could just use a hoard account.


Answers: You can use a stash or checking account and I guess you also have to enjoy a credit card on file. You probably requirement to have someone else set up the rationalization for you though. I once used an account that have my sons name and mine on it and put his first name as primary account holder. I have a problem with it and call them. They said they had to speak to Zackary around it. When I told them Zackary was just 6 years old, they froze the story until he turned 18, and it had almost $300 surrounded by it! Be careful!
no, and they require a credit card to register on Ebay, because they want to fashion sure you are 18 years of age or older.

You can do what I did when I be your age, purchase a fake Drivers license or insincere passport. Use it to open a checking vindication, then you can register next to paypal and Ebay using your Visa Check card.

Good luck sport. Don't get arrested.
I'm 17 and enjoy been using paypal since I be 16 through my checking account. You do NOT hold to be 18 to get a checking vindication.. just hold a valid driver's license!

I should know, I'm 17 and use my checking account on a daily basis! As far as paypal, you're supposed to be 18 to use it, but there are ways around that.

Using student loans to invest?

I am attending college and was wondering around investing my student loans into something safe similar to CD's or mutual funds. I am on a full ride scholarship for academic and do not need any loans for tuition and i enjoy a part time chore to cover any other bills. I was only wondering if it would be an okay idea to steal out maybe 10 regal and invest it in a fairly secure cult. I was thinking something along the lines of CD's or mutual funds or both. I would enjoy all payments on the student loans deffered till 6 months after graduation and could only pay them stale when the first payment is due. The loan i am looking into doesn't own a penalty for untimely payoff. I think it nouns as though it would be a good conception because i wouldn't spend the money and i could just hold on to the money it earns over the subsequent five years for my personal use such as living expenses after i get out of college and start my occupation. Then i would repay the loan and any interest it accumulates beside the original loan amount


Answers: Well, obviously, what you're discussing is basically against the law. These loans are designed to cover educational expenses singular.

Anyway, there's little benefit to taking out extra loans for what you can earn from a CD. And you can't afford the risk of investing contained by bonds or mutual funds, because you could lose what you're not in a position to risk.

Plus, I bet that have all that extra money around will increase your risk of overspending while you're contained by school.

Just shift through school, and come out short any debt and you'll be so far ahead of everyone else that you'll be able to build assets approaching crazy!
This depends on interest.

If the loan charges more in interest and/or fees, than you can fashion in interest on your investment, you would be losing money.

I own seen student loans that charge upwards of 20% and superior once you figure within the fees. No CDs or Money Market accounts pay that capably.

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