HawthorneVillager.com

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...

5.25 seems a little higher then I would be willing to pay, but I know nothing about you, your income or credit history.

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.

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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And eat whole grains!

Man, you never stop with the stupid posts do you. Credit is good for everyone if it is used wisely.

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.

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.

I'm thinking Wilton and Yukon are one and the same...that or brothers!!

Ever see that movie grumpy old men??!!

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?

^^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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Are you a mod on here now?

Moving up on the HV eh?

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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Some people are like slinkies. They're really good for nothing but they still bring a smile to your face when you push them down a flight of stairs.

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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Some people are like slinkies. They're really good for nothing but they still bring a smile to your face when you push them down a flight of stairs.

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...