tag:blogger.com,1999:blog-5976686513564131325.post5893973309865958625..comments2024-03-17T15:34:05.492-06:00Comments on MPECS Inc. Blog: Royal Bank of Canada - Banner Ads while online banking?!?Philip Elder Cluster MVPhttp://www.blogger.com/profile/06082028960643490292noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-5976686513564131325.post-24826124175774619522008-08-23T09:05:00.000-06:002008-08-23T09:05:00.000-06:00Good luck fighting the banks.But have you ever tri...Good luck fighting the banks.<BR/>But have you ever tried to find a email for Gordon Nixon?.. I mean I don't expect him to read them but I figure he's got to have one somewhere.<BR/><BR/>My beef is on banking surcharges for non native withdrawals. Currently 1.50 each side. Not that you are not forewarned on the impending assault on your bottom line. The infrastructure and ease of this type of transaction and communication makes the big banks look like hogs amongst pigs by gouging customers this way.<BR/><BR/>I thought I'd send a letter to my local federal government representative and CC it to the present / CEO but thus far no go on the email.warlock-techhttps://www.blogger.com/profile/14703028157639929249noreply@blogger.comtag:blogger.com,1999:blog-5976686513564131325.post-32677748052613496022008-08-08T10:32:00.000-06:002008-08-08T10:32:00.000-06:00There is no monthly interest payment date on the c...There is no monthly interest payment date on the contract.<BR/><BR/>Date of first installment payment,(Principal + interest) is approx.. 1 year from the signing of my contract.<BR/> <BR/>Demand loan contracts signed by other fishermen around the same time showed a monthly interest payment date on their contract,(agreement).<BR/><BR/>The lending policy did change at RBC from one payment (pricipal + interest) per year for fishing loans to principal paid yearly with interest paid monthly. This lending practice was in place when I approached RBC.<BR/><BR/>Only problem is the loans officer was a replacement who wasn't familiar with these type of loans. She never informed me verbally or in writing about this new criteria.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5976686513564131325.post-19111116047975485602008-08-06T23:47:00.000-06:002008-08-06T23:47:00.000-06:00Paul,Contract says RBC Prime + 3%. For the sake of...Paul,<BR/><BR/>Contract says RBC Prime + 3%. For the sake of argument let's say the % for the duration of the contract (prime adjusts quarterly I think) is 10%.<BR/><BR/>Therefore:<BR/>Year 1 loan principle:<BR/>10% of 38K = $3,800 Interest/Yr.<BR/>$3,800/12 = $316.67/Mth.<BR/><BR/>Year 2 after payment of $7,600:<BR/>10% $30,400 = $3,040 Interest/Yr<BR/>$3,040/12Mths = $253.34/Mth.<BR/><BR/>Etc. for the duration of the contract.<BR/><BR/>Amortization schedules are usually not produced unless they are requested to produce one in my experiences.<BR/><BR/>Your debt ratio would have been factored on your yearly gross since you are considered self-employed? Sole proprietorships operate on a yearly gross basis in my experience.<BR/><BR/>PhilipPhilip Elder Cluster MVPhttps://www.blogger.com/profile/06082028960643490292noreply@blogger.comtag:blogger.com,1999:blog-5976686513564131325.post-42118670172983158092008-08-06T22:56:00.000-06:002008-08-06T22:56:00.000-06:00Philip:How much interest would I pay per month?It ...Philip:<BR/><BR/>How much interest would I pay per month?<BR/>It isn't typed on the loan contract.<BR/><BR/>I'm a fisherman with seasonal earnings. RBC would have factored in my earnings potential regarding loan repayment guidelines.<BR/><BR/>Banks lend money based upon debt/ratio, thus eliminating me as a qualified customer while unemployed during off season.<BR/><BR/>This loan mistake was caused by a loans officer at RBC. She was inexperienced with this type of loan.<BR/><BR/>Paul Fraser.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5976686513564131325.post-27398996352719679432008-08-04T12:43:00.000-06:002008-08-04T12:43:00.000-06:00Paul,Agreed. That is your principle reduction paym...Paul,<BR/><BR/>Agreed. That is your principle reduction payment. <BR/><BR/>Interest, and its payments, is another thing altogether.<BR/><BR/>PhilipPhilip Elder Cluster MVPhttps://www.blogger.com/profile/06082028960643490292noreply@blogger.comtag:blogger.com,1999:blog-5976686513564131325.post-87806561406657143472008-08-03T08:17:00.000-06:002008-08-03T08:17:00.000-06:00Philip:The first payment date is one year from the...Philip:<BR/><BR/>The first payment date is one year from the date I signed the contract.<BR/>This was the first installment payment.<BR/><BR/>Paul Fraser.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5976686513564131325.post-29074933283383839582008-07-28T13:05:00.000-06:002008-07-28T13:05:00.000-06:00Paul,I sorry to tell you this, but I read your con...Paul,<BR/><BR/>I sorry to tell you this, but I read your contract via your site and it indicates that you are responsible for paying the calculated interest monthly ... at least that is how I read the <B>Interest</B> paragraph: "... and <B>shall be payable monthly</B>, on the <B>date specified in the Agreement</B>". Bolded are underlined in the contract.<BR/><BR/>It looks to me like your interest payments were due on the second of the month.<BR/><BR/>Perhaps I should mention this: I have signed agreements of this type in the past.<BR/><BR/>And, since I am no lawyer, this is of course my opinion.<BR/><BR/>PhilipPhilip Elder Cluster MVPhttps://www.blogger.com/profile/06082028960643490292noreply@blogger.comtag:blogger.com,1999:blog-5976686513564131325.post-7594315308415344352008-07-28T11:52:00.000-06:002008-07-28T11:52:00.000-06:00RBC Bank,(Corporate Bully)Visit my website http://...RBC Bank,(Corporate Bully)<BR/><BR/>Visit my website http://www.corporatebully.caAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5976686513564131325.post-523168490550569852008-07-26T14:12:00.000-06:002008-07-26T14:12:00.000-06:00Chris,I do agree that the tools will do well for t...Chris,<BR/><BR/>I do agree that the tools will do well for the tasks at hand.<BR/><BR/>It is my preference to run in a non-santized environment so that I can see exactly what is going on within my browser and the sites that I am visiting.<BR/><BR/>I have mentioned this situation to both the phone in people with the bank as well as my branch. The branch brought in a customer relationship management person to phone me.<BR/><BR/>After expressing my utter disbelief and astonishment that the bank would do such a thing, making sure they understood exactly how grave I thought the infraction, they indicated that they would be talking to the information services people.<BR/><BR/>I requested a response to that in writing which she indicated would happen.<BR/><BR/>So, we shall see.<BR/><BR/>PhilipPhilip Elder Cluster MVPhttps://www.blogger.com/profile/06082028960643490292noreply@blogger.comtag:blogger.com,1999:blog-5976686513564131325.post-59080428473141777182008-07-25T06:04:00.000-06:002008-07-25T06:04:00.000-06:00My wordy.Cross-site banner ads in online banking i...My wordy.<BR/><BR/>Cross-site banner ads in online banking is so, so wrong. First, the Bank's security officer should be fired on the spot with no golden handshake. Second, any sensible customer should just walk away and have their accounts with a bank that understands online security.<BR/><BR/>This is exactly why you should be running <A HREF="http://noscript.net/" REL="nofollow">NoScript</A> in Firefox and <A HREF="http://www.ie7pro.com" REL="nofollow">IE7Pro</A> in IE7 (with AdBlock enabled) - to stop nonsense like this from impacting on you. I prefer NoScript due to its smart design and easy to use interface.stryqxhttps://www.blogger.com/profile/11725668205462749500noreply@blogger.com