Bank Loans

[94gti]

I have just finished school, and am looking to consolidate debt. What banks are best for helping out someone who is just starting out? I have heard good things about RBC.

What are your guys thoughts?

[Mitcheh]

Re: Bank Loans

Don't even bother with scotiabank, we're the stingiest on credit

[Mitcheh]

Re: Bank Loans

I've heard Royal is the easiest.

[Kor]

Re: Bank Loans

Dunno if ING does that but they are awesome.

[DeanerF]

Re: Bank Loans

Don't even bother with scotiabank, we're the stingiest on credit

you bastards still wont give me a CC

[Mitcheh]

Re: Bank Loans

Cuz you suck at credit

[R_Ethug]

Re: Bank Loans

haha best post today ^^^

[DeanerF]

Re: Bank Loans

Cuz you suck at credit

i pwn you at credit..

and make 3times as much as you mitch

[liquid]

Re: Bank Loans

Royal Bank has been good to me, and so has TD.

[Mefro]

Re: Bank Loans

From what ive seen RBC and CIBC are the loosest with credit. Scotia is very tight as to who and how much the lend.

Edit. Forgot to mention if its goverment student loans keep it with them, as the interest you pay is deductible on your tax return.

[bart]

Re: Bank Loans

TD keeps raising my cc limit without asking me, and i dont even have a job lol. its pretty up there LOL, thats dangerous. i guess they like my minimum payments every month hahahah.

[Mitcheh]

Re: Bank Loans

From what ive seen RBC and CIBC are the loosest with credit. Scotia is very tight as to who and how much the lend.

Edit. Forgot to mention if its goverment student loans keep it with them, as the interest you pay is deductible on your tax return.

Hmm, thanks for the info.

[Tuna]

Re: Bank Loans

Yea, don't consolidate your student loan in. I made that mistake before I knew you could write off the interest.

[Canadian Turbo]

Re: Bank Loans

I usually deal with TD or RBC both have worked for me, but yes be careful what your are consolidating and the rates.

[Tuna]

Re: Bank Loans

Another was told (anyone feel free to correct me if i'm wrong) was when you consolidate it can lower your credit score because it appears as though you are trying to get a handle on all your debt by consolidating to lower your monthly payments.