Conexus

[Hopperbin]

Got the loan renewal from Conexus today.
1 year open 10%
1 year closed 7.1%
2 year closed 7.75%
3 year same
4 year closed 7.95%
5 year closed 8.25%
Last couple of years when I came in to visit the loans officer he punched into the computor and said I was able to have floating at prime so right now I have a loan at prime. Not sure about this year yet. But what a bunch of crap they mail you this renewal and don't show what the floating rate is and if you do not respond you get the 1 year open at 10%.
What are others finding rates at?
Certainly no half over prime fixed anymore here.

[BreadWinner]

F.C.C. floating 4.25%

[SASKFARMER3]

One other thing each major bank has a different prime rate. BofM is higher than most. But FCC has the best rates out their now. Remember when you move your not purchase money now on that piece of equipment your protection is lost. but 10% to 4.25 or less on 100000 is savings of $5750.00 they can keep their dividends.

[stubblejumper]

not everyone gets the same rate

[FarmRanger]

nor should they.

[Hopperbin]

But don't mail someone a renewal of 7.1%
jfhc when 4 should be the deal. How many people don't check and deal. I way surpass the requirements and collateral.
Well they are 6.5 on a one year after a phone call along with excuses such as bonds and crap I don't understand and why should I give a rats ass.

[Hopperbin]

Breadman does What does FCC offer on one year terms?

[Hopperbin]

I much better like what I am used to.
Get a letter in the mail and they state loan will come due on such a date.
Conexus get a letter and if you are stupid you sign it and get screwed. I just hope Conexus is hearing this.

[TOM4CWB]

Hopperbin....

Why are you complaining?

You have choice.

Not like the CWB where we get thrown in jail if we try to get better services from competitive providers elsewhere!

ANd western Canada has Credit unions and Treasury Branches that provide even further arbitrage opportunities to financial services at fair prices!

We have the best financial system on the planet here in Canada! Thank God Chretien didn't believe in big bank monopolies... and wreck our banks!

[Hopperbin]

I am complaining because a financial institution mailed we a renewal that is getting tossed into the garbage. Wish they could mail me a renewal with the real numbers. Your correct I do have a choice.