Jun 15th, 2018 1:38 pm
Jun 15th, 2018 2:52 pm
Jun 15th, 2018 3:20 pm
Jun 15th, 2018 3:53 pm
Jun 16th, 2018 2:04 pm
Jun 16th, 2018 4:04 pm
TD is really sticking it to you. Shop around. I am sure you can get a lower rate. Unsecured LOC 5.45% or even 5.95% are good rates. Check National Bank. They used to or still does offer bank prime to certain professionals. I have something like 6.03% at BMO. Rarely use it.Klaps wrote: ↑ Can I ask, Do you have a good history at that bank? Do you know your credit score? I'm at TD right now. I have been a long term customer of theirs. I have less than $3000 in debt, I have $70,000 in Rsps with a broker and $10,000 in Rsps with TD. I don't have a mortgage but I did have one for about 3 years before I sold my house to basically be a gypsy. I only have about $6000 cash and my rate right now is 8.44 which is prime +4.99. I have called them and they have no interest in lowering it at all. I don't owe anything on it so it doesn't really matter but I want to put 10% down on a preconstruction condo in August so I'm trying to find the cheapest way to borrow 40-50k for 1 year. They say the rate is based on "your score" I have no reason to think I have bad credit, in fact I regularly use credit and pay it off in the same month which I thought improves your credit rating. I might try my local credit union but I prefer a national bank as I work in several different provinces. I also might try to see my old boss from when I was a TD employee way back in the day to see if there is some room to relax my rate. I really don't want to deal anywhere else.
Jun 16th, 2018 4:46 pm
I've had my LOC for well over a decade and the rate was as low as 4%, until the last few years.Klaps wrote: ↑ Can I ask, Do you have a good history at that bank? Do you know your credit score? I'm at TD right now. I have been a long term customer of theirs. I have less than $3000 in debt, I have $70,000 in Rsps with a broker and $10,000 in Rsps with TD. I don't have a mortgage but I did have one for about 3 years before I sold my house to basically be a gypsy. I only have about $6000 cash and my rate right now is 8.44 which is prime +4.99. I have called them and they have no interest in lowering it at all. I don't owe anything on it so it doesn't really matter but I want to put 10% down on a preconstruction condo in August so I'm trying to find the cheapest way to borrow 40-50k for 1 year. They say the rate is based on "your score" I have no reason to think I have bad credit, in fact I regularly use credit and pay it off in the same month which I thought improves your credit rating. I might try my local credit union but I prefer a national bank as I work in several different provinces. I also might try to see my old boss from when I was a TD employee way back in the day to see if there is some room to relax my rate. I really don't want to deal anywhere else.
Jun 18th, 2018 11:05 am
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