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I just rage quit my bank after 15 years and went to the credit union across the street (DISCUSS: banks vs credit unions)
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2019-01-05 at 2:41 AM UTC
Originally posted by gadzooks The thing is, you went beyond that by even remotely implying that a flat $48 fee is anywhere near reasonable.
I do see what you're saying about it being my responsibility, and, like I said, I am willing to pay a REASONABLE fee for my own negligence and poor planning.
But not $48. That's just ridiculous.
Like it's so ridiculous that it reaches the point of being morally dubious.
Each of those three bill payments were an average of $200.
48 / 200 = ~1/4 = 25%.
That is undeniably unreasonable.
ESPECIALLY considering that I was taking efforts to prevent such a scenario by applying for overdraft protection and applying for a consolidation loan and so on.
To clear up your assumptions, I do not think $48 is a reasonable fee. I worked at a bank once and I waved as many fees as I could without getting in trouble.The following users say it would be alright if the author of this post didn't die in a fire! -
2019-01-05 at 2:42 AM UTC
Originally posted by MORALLY SUPERIOR BEING III: The Quest for 911 Truth "Didn't you read your 105 page contract goy? Subsection 88 on page 14 clearly states that we have the right to levy penalties of positive funds for negative funds as may be decided upon by our head goo."
I see what you did thar.
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2019-01-05 at 2:44 AM UTC
Originally posted by Ajax To clear up your assumptions, I do not think $48 is a reasonable fee. I worked at a bank once and I waved as many fees as I could without getting in trouble.
Okay at least we are in agreement on something.
And I do take responsibility for my part in what happened, which is why I wasn't looking for a full refund or anything like that - just some kind of reasonable compromise.
They wouldn't even do that.
Either way, whatever, it's a chance to try something different. I highly doubt anyone at my former bank will lose any sleep over one lost customer - and especially the much higher ups. -
2019-01-05 at 2:47 AM UTCI went head to head with Bank of America once, I won. But I am talking a good amount of money. I really don't want to business with them but they are everywhere.
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2019-01-05 at 2:49 AM UTC
Originally posted by gadzooks Okay at least we are in agreement on something.
And I do take responsibility for my part in what happened, which is why I wasn't looking for a full refund or anything like that - just some kind of reasonable compromise.
They wouldn't even do that.
Either way, whatever, it's a chance to try something different. I highly doubt anyone at my former bank will lose any sleep over one lost customer - and especially the much higher ups.
They won’t. They make money by you keeping deposits there so they can loan out your money and make money by charging interest on those loans. -
2019-01-05 at 2:50 AM UTCThe following users say it would be alright if the author of this post didn't die in a fire!
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2019-01-05 at 2:51 AM UTC48 seems a bit much for nsf. I think Ive usually paid around 35.
I also have credit issues and am now with TD. It’s been 2 yrs now and they still aren’t confident in my income to give overdraft or and credit. I make approx 2k biweekly and they won’t cover and small payment that funds are available but in a dif account. I used to be with RBC and they would give me a temp LOC for. 5$ fee per use which was worth it. The. I opened a full LOC and racked it. Hence my rebuild plans with TD. They seem very rigid and cautious with credit so don’t take it personallyThe following users say it would be alright if the author of this post didn't die in a fire! -
2019-01-05 at 2:51 AM UTC
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2019-01-05 at 2:52 AM UTCI’m all hot and bothered now and going to a credit union next week.The following users say it would be alright if the author of this post didn't die in a fire!
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2019-01-05 at 2:52 AM UTCfuck credit ratings.
credit rating is the measurement of how much of a bitch you are to the financial industrial complexes. the more subserviant you are to them, the higher your credit rating is. fuck that.
amass debit ratings instead. -
2019-01-05 at 2:54 AM UTC
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2019-01-05 at 2:55 AM UTC
Originally posted by vindicktive vinny fuck credit ratings.
credit rating is the measurement of how much of a bitch you are to the financial industrial complexes. the more subserviant you are to them, the higher your credit rating is. fuck that.
amass debit ratings instead.
Shut your Chinese ass up trying to mess with the economy. -
2019-01-05 at 2:55 AM UTCThe following users say it would be alright if the author of this post didn't die in a fire!
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2019-01-05 at 2:56 AM UTC
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2019-01-05 at 2:58 AM UTC
Originally posted by Ughhu 48 seems a bit much for nsf. I think Ive usually paid around 35.
I also have credit issues and am now with TD. It’s been 2 yrs now and they still aren’t confident in my income to give overdraft or and credit. I make approx 2k biweekly and they won’t cover and small payment that funds are available but in a dif account. I used to be with RBC and they would give me a temp LOC for. 5$ fee per use which was worth it. The. I opened a full LOC and racked it. Hence my rebuild plans with TD. They seem very rigid and cautious with credit so don’t take it personally
I've been researching and learning all kinds of stuff about how to build credit as efficiently as possible - although there's no one single definitive quantitative answer (which is ironic, because it's all based on mathematical formulas, which are as quantitative as it gets).
But different credit bureaus, financial institutions, and even third-party organizations (like credit karma), all use their own unique formulae to calculate credit risk.
But, a few of the take-homes that seem pretty universal:
1. First of all, if you have anything in collections, that's always the first thing to deal with.
2. Apparently the more lines of credit you have, the better, and especially the more diverse (mortgage; car loan; credit cards; etc). This one is often counter intuitive to people, but it shows (as long as you make steady payments) that you can manage credit/debt.
3. Applying for a credit card isn't going to cause your credit score to drop by 100 points. People are SO unnecessarily paranoid about getting a "credit check ding" on their record. Like, yeah, it does factor in, but nowhere near as much as people think.
There are some other theories that are out there, such as establishing certain debt-to-credit-limit ratios and stuff, but it gets a bit more fuzzy there. -
2019-01-05 at 3 AM UTC
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2019-01-05 at 3:01 AM UTC
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2019-01-05 at 3:04 AM UTCNo
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2019-01-05 at 3:06 AM UTCAnother thing I’ve heard is once a lender sends your debt to collections it’s dead to them. The collection company owns it. As long as you never consent to the debt being yours either phone/email/ etc then if they haven’t gotten you to pay in 7 yrs the debt is dissolved. Same amount of time as bankruptcy. Credits already fucked so why pay off something you don’t need too
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2019-01-05 at 3:08 AM UTC
Originally posted by Ughhu Another thing I’ve heard is once a lender sends your debt to collections it’s dead to them. The collection company owns it. As long as you never consent to the debt being yours either phone/email/ etc then if they haven’t gotten you to pay in 7 yrs the debt is dissolved. Same amount of time as bankruptcy. Credits already fucked so why pay off something you don’t need too
They can file a judgment or garnish wages in some cases. Not sure of Canadian laws.
