[MUGATS]

I posted this before but it’s important if you’re in financial distress during these times.

IF you miss a mortgage or car payment, you can’t just say “oh well I missed 1 payment”. You HAVE to catch up.

Say you miss April....

Even if you pay on time every month after that, those payments will be retroactively applied to your missed payment. So May pays for April, June pays May etc.

If you never catch up this will count as 5 missed payments in 5 months etc. Even though only one payment was skipped.

If can totally screw your credit. So if you’re gonna miss, you gotta contact the bank/mortgage issuer.

It’s likely they will be making accommodations for these scenarios during these times.

Just don’t kill yourselves for the future.

 

[Speedy_Gonzales]

I posted this before but it's important if you're in financial distress during these times.

IF you miss a mortgage or car payment, you can't just say "oh well I missed 1 payment". You HAVE to catch up.

Say you miss April....

Even if you pay on time every month after that, those payments will be retroactively applied to your missed payment. So May pays for April, June pays May etc.

If you never catch up this will count as 5 missed payments in 5 months etc. Even though only one payment was skipped.

If can totally screw your credit. So if you're gonna miss, you gotta contact the bank/mortgage issuer.

It's likely they will be making accommodations for these scenarios during these times.

Just don't kill yourselves for the future.

Ummmmmm....... I can't imagine we will have many people with good credit in the coming months. I'm ready though, I will teach the banks and CRA a good lesson very soon.

 

[Ahmado]

Ummmmmm....... I can't imagine we will have many people with good credit in the coming months. I'm ready though, I will teach the banks and CRA a good lesson very soon.

How ?

 

[hemayur]

How ?

By taking Doggies advise

 

[Chaisomosa]

Due to Corona crisis. Cra is not collecting hst. Except for doggie we can all can keep it.

 

[Petrikov]

Hst and taxes will pay later. All money will go to buy stocks at the bottom, have to support my investments.

 

[Wonder Will]

Hst and taxes will pay later. All money will go to buy stocks at the bottom, have to support my investments.

I was thinking of buying in all at once for the year into my RRSP, instead of contributing weekly. No?

 

[theonearmedman]

Hst and taxes will pay later. All money will go to buy stocks at the bottom, have to support my investments.

I'd rather buy gold and silver

 

[Chaisomosa]

I'd rather buy gold and silver

I will buy toilet papers