I'm thinking Wilton and Yukon are one and the same...that or brothers!!
Ever see that movie grumpy old men??!!
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| Unsecured Line of Credit...Interest rate http://www.hawthornevillager.com/phpbb/viewtopic.php?f=1&t=45709 |
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| Author: | daler [ Sun Apr 01, 2012 10:26 am ] |
| Post subject: | Unsecured Line of Credit...Interest rate |
I am paying 5.25% for an unsecured line of credit ($15k) with TD....am I getting hosed? just curious what rate others are getting. I am not interested in a home equity line. Thanks in advance... |
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| Author: | Hawthorny [ Sun Apr 01, 2012 10:33 am ] |
| Post subject: | Re: Unsecured Line of Credit...Interest rate |
5.25 seems a little higher then I would be willing to pay, but I know nothing about you, your income or credit history. |
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| Author: | csb101 [ Sun Apr 01, 2012 10:38 am ] |
| Post subject: | Re: Unsecured Line of Credit...Interest rate |
I have great credit history and I just got my bank to drop my unsecure line to 5.99. Don't think you're getting hosed. |
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| Author: | RizzoLee [ Sun Apr 01, 2012 3:16 pm ] |
| Post subject: | Re: Unsecured Line of Credit...Interest rate |
Ha, we're breaking our mortgage and switching banks. They offered us 10% loc! We laughed - our credit is in the 800's. Our existing one is 5.5%. |
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| Author: | bremer [ Mon Apr 02, 2012 8:12 am ] |
| Post subject: | Re: Unsecured Line of Credit...Interest rate |
And eat whole grains! |
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| Author: | DRiFT_645 [ Mon Apr 02, 2012 9:16 am ] |
| Post subject: | Re: Unsecured Line of Credit...Interest rate |
Yukon wrote: daler wrote: I am paying 5.25% for an unsecured line of credit ($15k) with TD....am I getting hosed? just curious what rate others are getting. I am not interested in a home equity line. Thanks in advance... I strongly recommend that you pay off this debt ASAP and stop, repeat STOP, buying things on credit. The rtule you should follwo is simple " If you dont have the cash for it, than dont buy it". Consumer debt is a curse. Be smart and cut up your credit cards, pay cash, do not borrow money ! Man, you never stop with the stupid posts do you. Credit is good for everyone if it is used wisely. |
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| Author: | csb101 [ Mon Apr 02, 2012 11:18 am ] |
| Post subject: | Re: Unsecured Line of Credit...Interest rate |
Yeah I have a line of credit with a zero balance on it. It's called 'a bit of security in case of an emergency'. Guess I'm just a schmuck. |
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| Author: | Devious [ Mon Apr 02, 2012 12:49 pm ] |
| Post subject: | Re: Unsecured Line of Credit...Interest rate |
I think my PCF one is over 6%. I guess I would care if I really used it what the rate was, but I've at times floated some bucks there for a few days. For the most part, I use it to write cheques so I don't stress when people go cashing them at random times. Rather then go into O/D on my chequing account, or keep a high enough balance to handle unexpected cheques, I leave all of that in my high interest savings and cut cheques outta the LOC. |
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| Author: | csb101 [ Mon Apr 02, 2012 4:58 pm ] |
| Post subject: | Re: Unsecured Line of Credit...Interest rate |
I'm thinking Wilton and Yukon are one and the same...that or brothers!! Ever see that movie grumpy old men??!!
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| Author: | MJD03 [ Mon Apr 02, 2012 7:29 pm ] |
| Post subject: | Re: Unsecured Line of Credit...Interest rate |
Does someone piss in your bran flakes every morning, or is trying to belittle people you don't know on the internet just a form of amusement for you? |
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| Author: | RizzoLee [ Mon Apr 02, 2012 9:10 pm ] |
| Post subject: | Re: Unsecured Line of Credit...Interest rate |
^^Just so no one else wastes their time, Yukon's post was already reported when I tried to report it.  Great minds think alike.
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| Author: | MJD03 [ Mon Apr 02, 2012 9:51 pm ] |
| Post subject: | Re: Unsecured Line of Credit...Interest rate |
Are you a mod on here now? Moving up on the HV eh? |
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| Author: | NewInTown [ Tue Apr 03, 2012 12:39 pm ] |
| Post subject: | Re: Unsecured Line of Credit...Interest rate |
daler wrote: I am paying 5.25% for an unsecured line of credit ($15k) with TD....am I getting hosed? just curious what rate others are getting. I am not interested in a home equity line. Thanks in advance... What is wrong with using a home equity line of credit? Debt is debt no matter what type of product it is (credit card, line of credit, overdraft) but you are better off paying a lower interest rate than 5.25%, no? |
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| Author: | NewInTown [ Tue Apr 03, 2012 1:12 pm ] |
| Post subject: | Re: Unsecured Line of Credit...Interest rate |
We're in interesting times because alot of people live beyond their means and alot of times, try to keep up with the Jones'. |
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| Author: | Deep [ Tue Apr 03, 2012 1:37 pm ] |
| Post subject: | Re: Unsecured Line of Credit...Interest rate |
I just moved over to a HELOC for flexibility. Plus I want to do some investments with the equity I have. Our rate is 3.5% and I secured a portion of the HELOC as a "mortgage" at 2.99% for 4 years. I have an unsecured one at 5% as well, never used, just there in case... Probably will close it now that we have the HELOC... |
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