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| 10:16 AM | ||
| Users Online Now: 2,221 (Who's On?) | Visitors Today: 928,213 | |
| Pageviews Today: 1,235,585 | Threads Today: 308 | Posts Today: 4,772 |
| 10:16 AM | ||
Mass lay offs in Canada, businesses shutting down, no incomes coming in. Banks refusing mortgage payment deferrals | |
| Anonymous Coward User ID: 75993659  Canada03/19/2020 05:19 PM Report Abusive Post Report Copyright Violation | |
Cebeij
 User ID: 77609613  United States03/19/2020 05:20 PM  Report Abusive Post Report Copyright Violation | |
| Anonymous Coward (OP) User ID: 75993659 Canada03/19/2020 05:23 PM Report Abusive Post Report Copyright Violation | Re: Mass lay offs in Canada, businesses shutting down, no incomes coming in. Banks refusing mortgage payment deferrals Yep, all part of the plan. Charge people money when they themselves are doing NOTHING. Quoting: Cebeij All it will do is cause a run on the banks. Most mortgages and loans are auto-payments, and cant be stopped manually by the end users. So the only way to stop them is to empty your account completely. |
| Anonymous Coward (OP) User ID: 75993659 Canada03/19/2020 05:32 PM Report Abusive Post Report Copyright Violation | |
| Teslahowitzer User ID: 73769818 United States03/19/2020 05:46 PM Report Abusive Post Report Copyright Violation | Re: Mass lay offs in Canada, businesses shutting down, no incomes coming in. Banks refusing mortgage payment deferrals So the lousy banks are gonna do what exactly? Kick everyone out? The easy fix on this is to storm the banks headquarters rip apart the computers and servers, beat the shit out of the leaders and torch the place. Many have said this will happen if the banks try to play hardball in this environment. I’m not the only one. It will be the end of that organization. Not my words, this is from many, many people. |
| Anonymous Coward User ID: 66721050 United States03/19/2020 05:52 PM Report Abusive Post Report Copyright Violation | Re: Mass lay offs in Canada, businesses shutting down, no incomes coming in. Banks refusing mortgage payment deferrals Lots word going around that there are mass layoffs happening all throughout Canada. Quoting: Anonymous Coward 75993659 Businesses shutting down and closing doors. The Prime Minister Justin Trudeau stated yesterday in a press conference that the government is working with banks to assist citizens and that banks are now going to be doing mortgage payment deferrals. The wife and I are self-employed. All of our clients have closed their doors and laid-off all of their staff. We'll have no income coming in very soon. Making mortgage payments impossible soon. We called our bank (mortgage lender) and told them of the situation and that the news announcement from the Prime Minister stated that banks are offering payment deferrals. We asked them to defer. They denied. Once again, government lied. So now we have to go to the bank and empty out the accounts and hold the cash in order to pay for food and supplies should we run out. Bump for DOOM! It's coming folks! |
| Anonymous Coward User ID: 69100575 Canada03/19/2020 05:53 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 78440506 Canada03/19/2020 05:54 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 73674165 United States03/19/2020 05:55 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward (OP) User ID: 75993659 Canada03/19/2020 06:45 PM Report Abusive Post Report Copyright Violation | Re: Mass lay offs in Canada, businesses shutting down, no incomes coming in. Banks refusing mortgage payment deferrals CIBC. They stated the issues surrounding COVID-19 will be short lived and the expectations are that businesses that have closed down will reopen again in the beginning of April and there will return to normal operations. Therefore they dont expect a impact on the ability to pay. I personally say its bullshit. Our clients themselves say they dont have any idea when they'll open again and return to normal operations. Most have no inventory or supplies and dont know when those resources will be back and full. The banks have begun shutting down customer service lines dealing with mortgages as well. |
| Anonymous Coward (OP) User ID: 75993659 Canada03/19/2020 06:46 PM Report Abusive Post Report Copyright Violation | Re: Mass lay offs in Canada, businesses shutting down, no incomes coming in. Banks refusing mortgage payment deferrals So the lousy banks are gonna do what exactly? Quoting: Teslahowitzer 73769818 Kick everyone out? The easy fix on this is to storm the banks headquarters rip apart the computers and servers, beat the shit out of the leaders and torch the place. Many have said this will happen if the banks try to play hardball in this environment. I’m not the only one. It will be the end of that organization. Not my words, this is from many, many people. I dont know. I dont know what their logic is behind it. Maybe use it as excuse to the government that they need a bailout? I dunno. |
| Anonymous Coward (OP) User ID: 75993659 Canada03/19/2020 06:48 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 4605572 Canada03/19/2020 06:54 PM Report Abusive Post Report Copyright Violation | Re: Mass lay offs in Canada, businesses shutting down, no incomes coming in. Banks refusing mortgage payment deferrals Collection Agencies cannot legally operate during an officially declared state of emergency, especially during a pandemic. They can be charged for acts of terrorism and harrassment against mentally stressed persons and individuals. If suicide is caused by a caller for a third party debt, the phone operator who initiated the call can be charged with manslaughter. |
| Anonymous Coward User ID: 69130080 Canada03/19/2020 07:49 PM Report Abusive Post Report Copyright Violation | Re: Mass lay offs in Canada, businesses shutting down, no incomes coming in. Banks refusing mortgage payment deferrals CIBC. They stated the issues surrounding COVID-19 will be short lived and the expectations are that businesses that have closed down will reopen again in the beginning of April and there will return to normal operations. Therefore they dont expect a impact on the ability to pay. I personally say its bullshit. Our clients themselves say they dont have any idea when they'll open again and return to normal operations. Most have no inventory or supplies and dont know when those resources will be back and full. The banks have begun shutting down customer service lines dealing with mortgages as well. I have been trying to get through to BMO for two days now. “Circuits busy” |
| Anonymous Coward User ID: 77857256 Canada03/19/2020 08:01 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 66721050 United States03/19/2020 09:30 PM Report Abusive Post Report Copyright Violation | |
| XJDUB
User ID: 73274634 Canada03/19/2020 09:55 PM Report Abusive Post Report Copyright Violation | Re: Mass lay offs in Canada, businesses shutting down, no incomes coming in. Banks refusing mortgage payment deferrals Businesses already starting to go cashless in Vancouver. Saw the first sign today. "No cash payments accepted." God bless. Let the facts fall wherever, whenever, and however they may. INTP - The Logician. 'Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning.' - Albert Einstein. |
| Anonymous Coward User ID: 78274705 Canada03/19/2020 10:05 PM Report Abusive Post Report Copyright Violation | Re: Mass lay offs in Canada, businesses shutting down, no incomes coming in. Banks refusing mortgage payment deferrals Businesses already starting to go cashless in Vancouver. Saw the first sign today. "No cash payments accepted." God bless. I'm tempted to do the same thing with my business. I hate depositing cash into the the bank machines. With this new crisis, if something goes wrong, can I count on a quick resolution ? - NO! I'm very fearful they will soon close the banks and force us to use the bank machines only. So what am I supposed to do if they do that. I have to pay bills electronically. I have a fistful of cash I can't deposit. Now what? |
| Anonymous Coward User ID: 66721050 United States03/19/2020 10:39 PM Report Abusive Post Report Copyright Violation | Re: Mass lay offs in Canada, businesses shutting down, no incomes coming in. Banks refusing mortgage payment deferrals Businesses already starting to go cashless in Vancouver. Saw the first sign today. "No cash payments accepted." God bless. I'm tempted to do the same thing with my business. I hate depositing cash into the the bank machines. With this new crisis, if something goes wrong, can I count on a quick resolution ? - NO! I'm very fearful they will soon close the banks and force us to use the bank machines only. So what am I supposed to do if they do that. I have to pay bills electronically. I have a fistful of cash I can't deposit. Now what? When the computers go down you can keep accounts on a notched stick. What if you want to bribe your way out of a flu shot, do you think the medic is going to whip out a point of sale machine? |
| Anonymous Coward (OP) User ID: 75993659 Canada03/19/2020 11:38 PM Report Abusive Post Report Copyright Violation | Re: Mass lay offs in Canada, businesses shutting down, no incomes coming in. Banks refusing mortgage payment deferrals CIBC. They stated the issues surrounding COVID-19 will be short lived and the expectations are that businesses that have closed down will reopen again in the beginning of April and there will return to normal operations. Therefore they dont expect a impact on the ability to pay. I personally say its bullshit. Our clients themselves say they dont have any idea when they'll open again and return to normal operations. Most have no inventory or supplies and dont know when those resources will be back and full. The banks have begun shutting down customer service lines dealing with mortgages as well. I have been trying to get through to BMO for two days now. “Circuits busy” Family and friends saying they've been waiting hours trying to get through and then the system hangs up on them. |
| Anonymous Coward User ID: 28813662 Canada03/19/2020 11:51 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 77951200 United States03/19/2020 11:52 PM Report Abusive Post Report Copyright Violation | |
| Sungaze_At_Dawn
User ID: 37197857 Canada03/20/2020 02:11 AM  Report Abusive Post Report Copyright Violation | Re: Mass lay offs in Canada, businesses shutting down, no incomes coming in. Banks refusing mortgage payment deferrals The Quinine based malaria drug that was curing people was used in NYC hospitals and the one who recovered from death row, was called Lazareth but none died and it helped those in late stages and doing very bad, and those less sick at home. So, TIME TO ROLL OUT THE MEDS AND CURES. No crashing required. Just test test test and treat treat and more treat. The Devil tries to convince everyone he doesn't exist. The state tries to convince everyone they cannot resist. Do not go quietly into the good night. Rage Rage against the dying light! |
| Anonymous Coward (OP) User ID: 75993659 Canada03/20/2020 10:39 AM Report Abusive Post Report Copyright Violation | Re: Mass lay offs in Canada, businesses shutting down, no incomes coming in. Banks refusing mortgage payment deferrals The Quinine based malaria drug that was curing people was used in NYC hospitals and the one who recovered from death row, was called Lazareth but none died and it helped those in late stages and doing very bad, and those less sick at home. Quoting: Sungaze_At_Dawn So, TIME TO ROLL OUT THE MEDS AND CURES. No crashing required. Just test test test and treat treat and more treat. Those quinine meds cause really bad side effects. Seizures (for life), psychosis, and can cause blindness, deafness, and kidney damage. Whats the point of getting better over COVID-19 if you're stuck with those miserable things the rest of your life. Totally not worth the risk. |
| Anonymous Coward User ID: 69134198 Canada03/21/2020 03:56 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 77528142 Canada03/21/2020 04:06 PM Report Abusive Post Report Copyright Violation | Re: Mass lay offs in Canada, businesses shutting down, no incomes coming in. Banks refusing mortgage payment deferrals Who has a bank in Canada that accepted deferrals? What is considered a new mortgage? Is it only for older mortgages? Or people that put 20% down? We got our house two years ago and bypassed CMHC. Would we qualify?? |
| Anonymous Coward User ID: 78664601 Canada03/21/2020 04:11 PM Report Abusive Post Report Copyright Violation | Re: Mass lay offs in Canada, businesses shutting down, no incomes coming in. Banks refusing mortgage payment deferrals if the banks start deferring mortgage payments because of a flu that will hugely contradict reasons why they would never defer mortgage payments before. I had a friend who was in a bad truck accident in 2008. dude was mangled up pretty bad and put in a wheel chair. Bank wouldnt let him defer his mortgage. he lost his house. now they will start deferring for millions of people because of a flu going around? yeah right,, this isnt gonna fly |
| Anonymous Coward User ID: 78664601 Canada03/21/2020 04:17 PM Report Abusive Post Report Copyright Violation | |
| Usmc1868 User ID: 51659214 United States03/21/2020 04:22 PM Report Abusive Post Report Copyright Violation | Re: Mass lay offs in Canada, businesses shutting down, no incomes coming in. Banks refusing mortgage payment deferrals Lots word going around that there are mass layoffs happening all throughout Canada. Quoting: Anonymous Coward 75993659 Businesses shutting down and closing doors. The Prime Minister Justin Trudeau stated yesterday in a press conference that the government is working with banks to assist citizens and that banks are now going to be doing mortgage payment deferrals. The wife and I are self-employed. All of our clients have closed their doors and laid-off all of their staff. We'll have no income coming in very soon. Making mortgage payments impossible soon. We called our bank (mortgage lender) and told them of the situation and that the news announcement from the Prime Minister stated that banks are offering payment deferrals. We asked them to defer. They denied. Once again, government lied. So now we have to go to the bank and empty out the accounts and hold the cash in order to pay for food and supplies should we run out. The banks can refuse deferral all they want. When I don't send in the payment go right ahead and start the foreclose process. |
| Anonymous Coward User ID: 73188307 United States03/21/2020 06:32 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 30640554 Canada03/21/2020 06:44 PM Report Abusive Post Report Copyright Violation | Re: Mass lay offs in Canada, businesses shutting down, no incomes coming in. Banks refusing mortgage payment deferrals CIBC. They stated the issues surrounding COVID-19 will be short lived and the expectations are that businesses that have closed down will reopen again in the beginning of April and there will return to normal operations. Therefore they dont expect a impact on the ability to pay. I personally say its bullshit. Our clients themselves say they dont have any idea when they'll open again and return to normal operations. Most have no inventory or supplies and dont know when those resources will be back and full. The banks have begun shutting down customer service lines dealing with mortgages as well. CIBC doesn't erase paid off mortgages on their balance sheet to inflate their assets. They are in a lot of trouble. Repo and collection Agencies cannot operate during a state of emergency if declared by a provincial or state government. If they call you ask for their name and address and notify your local police and or RCMP. Nobody has any love for these banks. And everyone would pay if they could but the system is predatory and destined to collapse. |
