Last night I received yet another call from my local CIBC branch trying to push credit on me.
It is the 4th time the same person has contacted me and the fourth time I have told him to leave me alone. I will not obtain any more unsecured credit nor do I want anything from you.
Here's kind of how the conversation went:
I'm calling today as you've been a loyal client of ours for 13 years and people with good credit like yourself, we are offering you a line of credit and a different option on you Visa.
Sorry sir, I do not need or want anything from you. I've been a Visa holder for 13 years and I do not want to deal with CIBC.
Well we could look at getting your mortgage switched over or investments.
No sir, I'm a mortgage broker and I have very close contacts in the financial planning side of things and am set up far better than CIBC could ever do for me. Now please, do not call me again and please, I do not want anything.
Well then, I beleive you have kids, how about some RESP's.
No, I do not want anything *click
When will the banks stop doing this. This was toned down a bit and made shorter. I can't tell you how forecful he was. Our country has a huge amount of unsecured debt, however, the problem as our law makers tell us, is that we take out too many mortgages and are all high in mortgage debt. This is smoke and mirrors. It's the unsecured debt that's the problem in my opinion. Having mortgage debt is to a lot, good debt as you have an asset to back that debt.
The banks make a killing of this unsecured debt and I swear they have some butt kissing they do to the law makers in Ottawa that says we'll allow you to change the mortgage rules and do this and that, however, you can not touch our unsecured debt!
Anyways, that's my rant for the day. I just seriously wish the feds would step up and talk to us in the trenches and make realistic changes. Yeah right, who am I kidding!
