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Old 07-27-2019, 09:43 AM
 
Location: MID ATLANTIC
7,746 posts, read 18,679,412 times
Reputation: 8427

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Quote:
Originally Posted by TheShadow View Post
People with excellent credit ratings are charged lower insurance premiums for one thing.
True, but after a certain number, the rest is all fat. For example, in mortgage loans, the highest score considered is 740 for the best rates . With PMI, those at 760 get the same rate as 820. Tip: most credit unions just have a minimum score, and after that, don't penalize for score on their portfolio products. I'm sure insurance has similar guidelines. Always ask how score impacts your transaction, or if it even does.

It's been my experience that those most concerned about scores are those who have the least to be concerned.
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Old 07-27-2019, 10:10 AM
 
8,241 posts, read 11,957,022 times
Reputation: 18174
Quote:
Originally Posted by Oklazona Bound View Post
You would think that it would need to come certified mail in order for them to seize your money. You have done nothing wrong except leave the money in their bank. For storage units to go up for auction there is a whole process of certified letters and phone calls that have to be documented first. And the storage company has to sell the unit not seize it.

Amazing how banks have such leeway on these kinds of things. This has to be a huge cash cow for them.
You might want to try reading the thread before posting next time. Your questions/concerns have been answered multiple times already. The banks have no leeway and they don't keep the money.


Quote:
Originally Posted by Oklazona Bound View Post
The question is why does this need to be done? The money is in the bank why do anything?
Again, that question has been answered. They do it because they are required to by law.
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Old Today, 12:32 PM
 
7,175 posts, read 1,817,511 times
Reputation: 4275
Quote:
Originally Posted by MadManofBethesda View Post
You might want to try reading the thread before posting next time. Your questions/concerns have been answered multiple times already. The banks have no leeway and they don't keep the money.
I will leave that up to you. You apparently have a lot more free time than I do.
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