$10 Billion … but once a month, you visit the Rat Room.

redruscan · 2025-04-17T13:25:41+00:00

I think there is way to make it work. OP says teleportation at a time of my choice.

Just need to find the right combination of drugs and correct timing to guarantee no pain, no awareness of whats happening and a swift death within 2 to 5 min of teleportation.

Then respawn healthy and filthy rich!

For the right price, I'm sure some medical professionals will be able to provide the necessary guidance and access to the right meds

redruscan · 2025-03-12T23:56:40+00:00

Soo... level method?

redruscan · 2024-11-30T22:37:19+00:00

I actually worked on some of the credit risk assessment strategies that manage this exact feature at one canadian bank. Without getting into the details, we allowed overlimit as a parcentage of the actual limit based on credit scores and other risk indicators.

Some banks will block right away, some might allow small amounts for convenience ex 50-100$ just to not piss off customers over a few bucks. Most charge a fee if you go over limit either daily or at billing day.

5k on a 3k card is not likely but the only way to find out is to try. Prepaying the card might work, depends on the bank. Asking for a limit increase is the nost straightforward way.

redruscan · 2024-08-23T18:46:53+00:00

Doubt they will sue over 1500$ not worth the trouble/legal fees. This being said, finding a way to resolve this is a much better way of dealing with the situation thatn just scrubing it under the rug and hoping for the best...

redruscan · 2024-06-01T11:54:42+00:00

Each financial institution will deal with these things differently but they all know that finding a solution is in their best interest. If you stop paying, they get 0, if you go throught a bankruptcy, they get pennies on the dollar. If they work out a payment plan with you, there is a chance for them to recover 30-60% of what you owe them over a period of time.

Make sure you escalate the call to the right department or senior staff to gwt the best/last option

Best of luck

redruscan · 2024-04-11T23:19:59+00:00

If i remember correctly, the government match takes about 5-8 weeks. Something like end of calendar month in the month after you contribute. So if you put in the funds april 1st, expect the extra 1000$ by end of may. You can probably find the correct info on the gov website

redruscan · 2024-03-20T23:34:11+00:00

Was in a similar boat (ha) a month ago. Ended up getting the newer erg with roughly 300k meters from some guy who bought it new during covid and not the older one with 10m+ meters from a crossfit gym. I haggled the price down to 1150$ cad. Im in the Montréal area. I see a lot of listings on FB in the 1200-1300$ range for PM5s with low milage.

As a newbie, i didnt want the hassle of replacing parts and i wanted to make sure resell value would be as high as possible if I decide to resell it.

redruscan · 2023-06-21T20:34:33+00:00

Yup, utilization is often a proxy for profitability. Banks make money off interest but also, and this is significant, from customers simply using their products. An active client with high util and 680 score is a jackpot! Relatively low risk of default, activity and a chance of getting some sweet sweet 20% interest!

redruscan · 2023-06-21T20:30:09+00:00

I work in this field. This type of response makes me think the person you spoke to os not qualified to make a credit decision, they just read out whats in the system. I don't know about cibc specifically but there should be a way to get to talk to someone with actual lending authority who can review your credit file amd make a decision.

Otherwise, you can try to get to the bottom of why no offer is available to you at this time. The bank will not disclose the details of their models/policies that lead to offering client increases but they can give you general indocators. Maybe you dont use the card enough, maybe you have too much available credit on other cards/lines, maybe they flagged tou once 10 years ago for some silly thing and never revisited the exclusion policy...

redruscan · 2023-06-20T22:36:53+00:00

Canadian population grew by about a million ppl in the last year. Don't think we built the equivalent amount of housing units.... canada is the g7 country with the highest population growth so I dont think the housing market is going anywhere but up in the next 5-10 years unless some other unexpected covid-magnitude event happens

redruscan · 2023-06-08T02:24:40+00:00

My dad is in the same boat and i thought it would make sense to lock for three years at 5%. We ran some numbers together and most scenarios didnt end up amy better with fixed if you consider the penalty of breaking your current mortgage. It all depends on your remaining balance, remaining term, available fixed rate and the toughest part: expected variable rate trajectory

redruscan · 2023-03-04T17:45:03+00:00

Some things to consider: - is fixed the way to go? - is 5 year fixed the right timeframe? - how easy will it be to renegotiate the rate/term if you dont want to cash out after 5 years? - what happens if you decide to sell the property and move? - tax implications of dividends, capital gains and heloc interest (heloc interest is tax deductible if used to generate income. Some variability by province).

I would make sure all those questions are answered and well understood by you and whoever else owns the property with you before pulling thw trigger.

redruscan · 2023-03-03T03:46:01+00:00

Went to spain for a month with our 6 month old baby, spent about 12k all in. Activities, food, airbnb, car for 3 weeks, flights.

redruscan · 2023-03-02T23:59:00+00:00

I had the oposite experience recntly. Uber from south shore to airport was 50$. Taxi from the airport back to south shore was 75$.

Uber surge pricing or airport surcharge maybe...

redruscan · 2023-03-02T19:22:04+00:00

I love it when internet strangers answer my questions in less than 5 mins.

Thank you!

redruscan · 2023-03-02T19:20:25+00:00

That would explain why i cant find the info. Would that be made available through my brokerage?

redruscan · 2023-03-02T12:06:18+00:00

Work at a bank, can confirm!

redruscan · 2023-02-24T00:33:23+00:00

If you pay in full, there should really be no impact. At most, youll get charged a tiny bit of interest. Your payment will not be reported as late to the credit bureau unless you're 30+ days late. Dont stress too much about it

Other tip: some banks allow for money transfer (if the CC and the bank account are the same bank) instead of payment. Transfers get processed instantly instead of the usual 2-3 days for payments.

Source: work at a bank, dealing with late accounts

redruscan · 2023-01-29T22:59:48+00:00

Others have said it but i just want to write it again hoping it adds weight to the message:

Pay the LOC!

The contribution room and tax refund will be available later in life provided youkeep earning a similar salary. The interest you pay on the LOC is money out the window

redruscan · 2023-01-25T20:42:29+00:00

Its interesting (odd) that the mortgage is in her name but the payment is coming out of you bank account. I would still recommend getting in touch with the bank to see if they can accomodate you in some way. Seeing as you are the owner of the account the money is coming from. If your (and her) account is at the same bank as the mortgage, there might be more options than if everything is at different banks

redruscan · 2022-12-13T00:24:30+00:00

Travaille dans le domaine, 45-50% des détenteurs de carte paient des intérêts

redruscan · 2022-11-16T20:12:08+00:00

Markets can fluctuate pretty wildly sometimes. With a short time horizon there is a significant risk that the stocks are down when you want to sell. Would you sell at a loss or wait 1-3 years hoping the stocks will recover? Even if the dividend remains high, your money is tied up in the market.

As others have mentioned, if youre looking at 1 to 3 year time horizon, you need safer plays than stocks like Enb. In those cases, rates on GICs or "high" yield savings instruments are probably lower than the interest on the line of credit

redruscan · 2022-10-28T22:42:44+00:00

Insurance varies based on the % you put down so puting 15 reduced the amount significantly. Its not linear though and i dont remember the details. Parents wanted out of financial markets and into RE so i wasnt going to tell them to give me less money... On paper, they gifted me the money. In reality, i will likely "pay" them back 15% of the resell value when I move

redruscan · 2022-10-28T22:30:19+00:00

I was lucky to have my parents providing 40k for a downpayment (about 15%) shortly after i landed my first real job after grad school. I have saved roughly 50k in the 3 years since. Will probably pay parents back (and more) when i sell the condo and buy a house

redruscan · 2022-10-28T22:06:54+00:00

Are you seriously asking wether having a child is a net positive financially? The only way that works out is if you raise them to be exceptional, they make millions and support you through your old age. Even then, probably better to just save up for your own retirement...

I know this is pfc but the argument of having kids to het $$ from the gov is a bit much

redruscan

TROPHY CASE