Forum Replies Created
Would a LOC and a stand alone loan have the same interest rate or would one be higher?
Freckle, have you or do you run a business? Sounds like you know what your talking about. You should start up a business mentoring role. Could even be done online.
Rusty05 i agree. You should read the letter she sent me. Catch cry after catch cry. The tickets are free but on the ticket it says value $549 ( Yeah right! )
I just don't want to loose a day of work so they can try to sell me something.
I've heard so many horror stories about Bankwest it's not funny. I'm pretty sure their is a whole website dedicated to Bankwest and how bad they are.
Thanks for your advice guys.
Shahin: I thought the website comment was scraping the barrel too. I guess being a friday at 4.30pm she couldn't be bothered!
Jamie: I think i'll just leave everything as is and just try for the 5.4% for variable as i like the offset account. Every one keeps telling me the rate i am on now is pretty good. I'll also let her know that 5.19% is just there normal rate and nothing special like you said.
One thing i didn't know – when you call CBA they inform you that there employees get paid a salary but may get bonuses if they sell one of their products.
One last note, i wouldn't hesitate recommending Jaime and Shahin in the future. Two very good brokers that know their stuff.
UPDATE!!
I was at work today minding my own business when CBA phoned me. I missed their call on my mobile so they called my landline, when i didn't answer that they sent me an email and a text. I was waiting for them to try smoke signals next!
Any how i called them back and they told me i was a great customer and they don't want me to leave blah blah blah. They offered me 5.19% fixed for 1 year. I told them that i may as well go with westpac as there rate is 4.99%. Her reply was yeah but westpac are low because they have a bad reputation and trying to win customers back, she also said refinancing and doing all the paperwork is a hassle and i wouldn't want that, and also their website is too hard to use.
I ask her i am happy to stay with CBA if they leave everything as is and just reduce my rate from 5.50% to 5.19%. She said no as 5.50% is the best they can do for variable.
To end a long story she is calling me back Tuesday as i said i needed to speak to my broker first. I really don't want to fix any of my loans but hoping they can just reduce my rate.
Any idea on what i should tell her on Tuesday?
TheFinanceShop wrote:It's CBA chances are that you will get another douche bag or douchette.Regards
Shahin
it just occurred to me now that the douche bag never verified over the phone if i was the account holder. I could have been any body.
Agree with Derek. I like the Window tinting idea, it will also give you privacy.
TheFinanceShop wrote:The broker cannot call unless they have third party authority. You will either need to grant that (which I would not suggest) or you would need to call yourself.Regards
Shahin
I’ll wait a week and call them myself. Hopefully I won’t get another douche bag!
Just out of interest how much would a broker charge to call the bank on my behalf?
Wrong thread
Good point I’ll wait a week or so. I’m sure a small cut in my interest rate won’t affect their $7 billion profit.
Hi Jean,
I’d probably start running for the hills from about now!
Shape wrote:^ yesI reckon you just had a bad egg, give them a call again and see what they can do.
P.s Ex CBA banker.
Regards
Michael
Hi Michael, I’m dying to call them and try again however I’m worried every time I call them they note it down. They Will eventually know I’m bluffing.
One of my loan is a p+I for $290k, ip valued at $400k, the second loan is io and for $212k, ip valued at $320. No lmi was paid for both loans.
I guess 5.5% is pretty good. Just one question, will cba make a note on my file that I phoned up informing that I’m switching lenders?
I don’t get it. Just called cba and they couldnt give a stuff. Told me to call Westpac and they will organise the discharge for me. I have 2 loans with cba both at 5.5% and both with offset accounts.
Basically if I want to leave I’m more then welcome to. They didn’t say it like that but not far off.
What would you normally say to the bank for them to match it. They might call my bluff.
I work for myself and i am already predicting this year to be a bad year. The trend this year for me has been customers wanting gold but only prepared to pay for silver. They really don't want to part with their cash.
Most tradies i speak to are pretty quiet for work and the ones that are actually busy are doing work from last year.
All my suppliers are very quiet. One in particular had to ask some employees to go on annual leave.
Thanks Terry, so at the end of the day there is some logic in doing this.
Freckle, hate to Say it but I think your on to something. One thing I am getting sick of is the media saying 2013 is the year of the recovery. What Bullocks! It’s pretty bad out there.
