Comments on: Interest Rates & Inflation

By: Betty

Betty — Thu, 23 Apr 2009 22:26:24 +0000

A few years ago we got a secured line of credit from CIBC using our house as equity. We went through lawyers and it was registered. Now, they have the nerve to say they are going to charge us 1% over Prime. Why, I don’t understand. This was a legal document. How can they change from charging me Prime to 1% over prime., except they are worse than black market or mafia money lenders. How much does the Central bank charge banks to boprrow money. If prime is now .25% how do they justify 3.25 %? We carry no credit card debts, Paid off monthly, only debt is L of Credit. Tired of Banks nickel and dimeing us to death.

By: erin

erin — Wed, 08 Oct 2008 04:07:04 +0000

I just about died laughing today when I caught up on the latest/newest episode of Til Debt Due Us Part. I have always loved you Gail, but when you said “repeat after me…I am a dickwad” I thought I was going to split my gut.
You are so funny! Anyway…great show as always.

By: Tracy J

Tracy J — Wed, 08 Oct 2008 01:48:52 +0000

You explained it so well, thank you.

By: Canadian Capitalist

Canadian Capitalist — Tue, 07 Oct 2008 16:02:47 +0000

Thanks for the link Gail. TD Bank announced today that it will charge 1% more on variable mortgages and secured lines of credit. It’s great to be debt-free anytime but especially so in bad times.

By: Erran

Erran — Tue, 07 Oct 2008 15:33:39 +0000

Good simple way of explaining the way interest rate adjustments by the Bank of Canada affects overall money flow. The explanation in general is rather simple but to fully understand the dance between macro- and microeconomics is a complex one. But fun at that!

By: Geoff

Geoff — Tue, 07 Oct 2008 12:45:41 +0000

2nd rm’s advice.

By: rm

rm — Tue, 07 Oct 2008 12:38:33 +0000

Stay away from the Fools…please. They’re so bad. They have decent resources, but stay away from their actual philosophy.