April 2020

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CREDIT CARD DEBT!

April 30, 2020 theRipregistry , , , , No comments

YOU MAY WANT TO CONTACT YOUR CREDIT CARD COMPANY.

Did you know that if you have credit card debt and are in good standing you may be able to reach out to your credit card company and ask if they can do something about the interest rates during these hard times.

Most likely they will try and work with you providing options for deferrals or lowering the interest for a period of time or even allowing you to skip a few payments without affecting your credit and or incurring additional interest. This is a conversation you will need to have with your credit card company.

theRipregistryCREDIT CARD DEBT!
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SAVE! SAVE! SAVE!

April 29, 2020 theRipregistry , , , , No comments

A little here… A little there…

Contact your Auto Insurance company and ask them if there is anything that can be done to save a little on your annual Auto Insurance policy or monthly policy. If you are not using your vehicle for work because of COVID-19 and social distancing, then you may contact your auto insurance company and advise them that your vehicle is now pleasure use stepping out for emergency only, groceries and basic essentials when needed.

Your auto insurance company can downgrade your policy providing you with a small savings.

In addition, some insurance companies are now offering a 10% discount to policy holders. Contact your insurance company and ask for more information to see how you can save.

theRipregistrySAVE! SAVE! SAVE!
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Can you save more? Insurance

April 28, 2020 theRipregistry , , , , No comments

Enercare – If you have enercare insurance (ie plumbing, air conditioning, heat, water tank rental, duct cleaning) you can call enercare, advise them of some hardships and ask to see if there is anything they can do to help save some money. They may provide you with two months credit on each of your products. This is a little help.

As for your water rental is handled by another company which enercare can connect you to and they may be able to apply 3 months credit.

Just place that call and ask as I did.

theRipregistryCan you save more? Insurance
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DIFFERED MORTGAGE – 6 MONTHS

April 16, 2020 theRipregistry , , , No comments

I was told that if you differ the mortgage 6 months and find yourself with the extra money at the end of six months you may opt to pay the interest at that time. Before they tack the interest onto your mortgage you will be receiving a letter from the bank telling you how much interest has been accumulated over the period of 6 months. At this time you can opt to pay the interest accrued therefore the interest will not be added your mortgage, having to pay interest on top of interest amortizing it over the period of 25 years etc.I called the bank and asked this of CIBC. Is this incorrect? Can someone clarify this?
CALL YOU BANK AND ASK TO CONFIRM https://www.canadianmortgagetrends.com/2020/04/latest-in-mortgage-news-six-month-deferrals-could-cost-you-up-to-12000/

theRipregistryDIFFERED MORTGAGE – 6 MONTHS
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