Td Line Of Credit

i have a 5000$ line of credit and want to make a 1500$ purchase my interest is 12.25% how is this interest calculted?

Your interest is calculated based on 1500*.1225 = $183.75 yearly or approximately 15.31 per month

2008-03-03 20:21:51 by Matt T

torontohomemortgages.com Don't substitute a secured line of credit for a mortgage! Find out why?

They say 5,000 but someone said you can actually have less of a credit line and still get the gold card. Anyone know if this is true?

Nope.

2008-05-08 05:49:35 by CanadaRox1234

Price: $15.99 $12.33

I'm going to college next year, and I need some financial help, so I've been thinking of OSAP or a student line of credit. I know all the details about OSAP, their "forgiveness", not paying until after you graduate, etc. But the TD Canada Trust Student Line of credit is just as good. Here's the details for the line of credit:

* Pay no monthly or annual fees.
* Get a competitive interest rate, equal to TD Prime plus a variance rate. Good news: the variance rate doesn’t increase after you graduate!
* Withdraw any amount (up to your approved credit limit).
* Pay interest-only monthly payments for up to 12 months after your finish school.
* Enjoy low monthly payments after the interest-only grace period, with up to 20 years to repay.
* Access your money through Green Machine ABMs, Interac Direct Payment, EasyWeb Internet banking, EasyLine telephone banking, cheques and at any TD Canada Trust branch.

I don't want to get both OSAP and the line of credit, I just want one. With a line of credit, I'm guaranteed to get the money I need .. so should I use OSAP or TD's Student Line of Credit?

Find out what the variance is. For federal student loans it's prime + 2.5% and prime + 1% for Ontario loans. You can get it fixed or floating. The line of credit is usually for people who get rejected for OSAP because their parents are too rich. I've been paying back my OSAP for a year and their very reasonable. My payments have gone down to about $100/month from $150 because I made a large lump sum payment of $500 and the interest rates are low. Personally, I'd recommend OSAP because they're much more forgiving

2009-05-07 12:15:06 by abbybaby.

Price: $9.95 $9.95

I went in to apply for a student line of credit to TD but after looking at my profile they told me that my application would not be accepted but i insisted them to file it and at the end it was rejected. I am a full time postsecondary student but to get the student line of credit approved i was supposed to get a co-signer and as i am new to this city i coudnt get one. Now the situation is that i need the money from the line of credit in next week and i have no idea how to solve this co-signer problem. I know that every problem has a way around but i dont know how can i get this stuff done, but i am pretty sure that there are some tips n tricks for getting this loan approved without a co signer. Please somebody help me.

Student lines of credit ALWAYS require a co-signor. Reapply for a standard line of credit and you will not automatically require a co-signor but if you do not have a job, you will not get that either.

2007-08-14 20:27:08 by Lady-Killer

I recently applied for an account with TD Waterhouse because I wanted to try and make some extra money through the stock market. I then receive a letter a few days later stating that my account was closed due to bad credit. The company is not taking any risk on me investing my money. They are not extending me a line of credit and the fees would come out of the money deposited. Its not like the phone company where they provide you a service then hope that you pay for it after you have already used it. I am not asking the company, "can I please borrow some money to buy stock?". I am giving them money to invest it for me. It is hard enough to try and get ahead especially when your credit history decides whether or not you can try and make some extra money.

Maybe in the application you included that you wanted to be able to trade on margin. This would involve loans and that would require a credit check.

2006-02-07 11:08:43 by joshcreek2002