When you miss a payment with RBC you can schedule to complete the payment on the next withdrawal of mortgage payment. Just call the bank and speak to one of the account managers if you need more then a month extension.

It will show on your record as 30 days late on a mortgage payment. However with the lender it will not be a great impact but you have to call and arrange the missed payment. Usually you can get away with 4 month no payment and then cover the balance. You can explain that you had a financial situation which you took care off.

Hello Howard, depending on your lender you should be receiving a letter or a call when you are 30 days late. No legal action should be started until you are past 90 days however, I say should because lenders do have different internal guidelines regarding this. I would suggest however that you contact your lender immediately and preferably no later than the 60 day mark to let them know that you are experiencing financial hardship and see if they have any way to help you out. The lenders don`t really want to be the `bad guy` and foreclose on your home if there is something they can do to help out they will. In most cases where your mortgage was insured (If you placed less than 20%-25% down on the initial purchase of the property chances are the mortgage was insured) you can get help from the insurers. If your mortgage default insurance was done with Canadian Mortgage Housing Corporation (CMHC) you can call CMHC Claims Payment Centre 1-866-358-9999, they may be able to help you with regards to your situation. If Genworth was your mortgage insurer then Genworth`s Hardship Relief Program may be able to help, call 800 365.4322. Don`t let this get too far, once legal proceedings are started the costs involved are passed on to the homeowner, and a foreclosure is not something that is easy to deal with for all parties involved. I hope this helps. If you would like any further info please do not hesitate to contact me at: Abraham Niyazi - Mortgage Agent - Lic#M08010640 - Centum One FInancial Corp - Lic 10758. Cell: 416-993-4082 Toll Free: 1-866-728-3708 x 115 http://www.centum.ca/abraham_niyazi/ I deal with 25 lenders and can do mortgages across Canada except Quebec.

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Im looking at different pre-paid credit cards and on the bank of montreal site it says "load your card as a bill payment from any bank account at most financial institution" "financial institutions that currently allow bill payments to your bmo prepaid travel mastercard include: bmo bank of montreal, td canada trust, rbc, scotiabank, cibc, pc financial, hsbc, atb (alberta treasury board) and telpay. please check directly with your financial institution to find out if you can load funds to your bmo prepaid travel mastercard. if your financial institution does not support bill payments to your bmo prepaid travel mastercard, visit a bmo bank of montreal branch to open a deposit account" what is bill payment

You can sign up for free online bill pay service at your financial institution. They will generate a payment to anyone based on the mailing address you provide. This means you can send money straight from your checking account to the pre-paid card. --- Get your finances organized at http://www.simplypublished.com

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Hey can anybody tell me who has a mastercard with bmo and gets their monthly statement in the mail, that actually looks different. meaning the style of the printing not having the big blue bar on the top across, plus the ink looks different if you look closely. compared to the original statement, having the blue bar across, and the ink is more clear and solid and the back of the statement is terms and conditions is originally in blue small font, clear. on the back of the other statement that looks different the font is black and bolded? on the front of the statement it says bmo but in medium-big size in colour the usuall red symbol and blue font for bmo bank of montreal. on the top is the advertisement box saying whatever. but the font is big and the box is overallly big, usually orginal it is small-med. the box on top is slightly out of the cut line. but it overal to sum it up it comes in the usual mail security envelope with the change of address cut out, sealed nothing tampered the envelope has the fs(something) symbol the paper recycle, bar code(the envelope is the same nothing different no need to worry). comes with the advertisement bmo stuff, but not the envelope inside the security envelope to send a check if you want. the cut line on the bottom of the statement (the weird one) has the cut line to send the stub, but on the back it has black font and method of payments and says by mail etc. in the middle instead on the right hand corner side. sounds something wrong. but there is no unauthorized charges? get that? and no spelling mistakes? account number is same so anybody please tell me who banks with bmo mastercard thanks a million. and dont say call the bank! i want to here it from you so i can call after this question is answered. detailed answer please thanks. sorry for the grammer in a rush. you don't need to give anything just tell me if your getting the same thing that is all no personal info just agree with it or say no

Giving a very detailed answer would mean giving too much personal info, but here's what I can say to help you: What you described sounds awfully wrong. I would go to the bank and have it checked by them before anything else. Why do you want to hear it from us? One is never over-vigilant with monetary services.

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My dad cosigned a bmo student line of credit years ago, i hit financial hard ship and wasn't paying it for months, i talked to the people at bmo and have made payment arrangements, she was nice, but she said if i defult on my arrangement (which i won't) she won't hesitate to send myself or my dad to collections, so does this mean this hasn't effected his credit yet? i hope not!! can someone help? (canada) my dad cosigned a bmo student line of credit years ago, i hit financial hard ship and wasn't paying it for months, i talked to the people at bmo and have made payment arrangements, she was nice, but she said if i defult on my arrangement (which i won't) she won't hesitate to send myself or my dad to collections, so does this mean this hasn't effected his credit yet? i hope not!! can someone help? (canada) details: yes he was only the 2nd name, and he has great credit

Unfortunately, it will affect his credit score. Loan payment history is reported to the credit bureaus for all signers on an account - this is because when you cosign a loan, you are essentially agreeing to back up the credit of the person you are cosigning for. So, if you don't pay, he has the obligation the make the payment in your stead. When this doesn't happen, the loan company reports it to the credit bureaus as late. You have taken steps to correct this damage, though. The best thing you can do with a loan is behind is start making regular payments, and fortunately your loan company did not send your account to collections - this would have resulted in a charge off showing up on your credit scores, which is much worse that being 60-90 or 90-120 late on one loan. If your dad has excellent credit, your failure to make payments for a short while on one loan should not have an appreciable effect on his credit score... maybe 30 fico points if I had to guess, but I don't know any details about your situation. Make those payments on time until its paid off!!! Good luck.

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So i paid my bmo mastercard bill last month and was short $10, but i paid more than the $10 minimum payment and was only missing just over $10 on the final amount. i am now paying an interest rate. am i going to be paying an interest rate every time i make a transaction on this card now? or if i pay my next month in full, will it stop charging me an interest rate? i'm a student so i can't really afford to pay an interest rate on top of paying for the purchases o the credit card (and before anyone says anything, the charges on the credit card are for living arrangements and basic necessities).

If I read and understood your question correctly, it sounds like the total amount on your credit card was only $20, and that the minimum payment due was just $10 out of the total $20 card balance. After your payment, an outstanding balance of about $10 was still on your account and that amount will carry over to your next statement, plus any new charges that you may have before then. You will have to pay interest on that $10, but it will be such a small amount of interest that you shouldn't worry about it at all. Once you pay off the entire balance of your credit card, the interest charged will stop as there will no longer be a balance to charge interest on. If you are able to pay off the TOTAL balance on your account each time that you receive a statement , you will never have to pay any interest. It is only when you leave a balance on your card after your monthly payment is made that you will have interest added to your account.

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Hey all, i have a huge problem that i'm facing. i am a toronto native, currently in windsor. i will be needing to come back to toronto in a months time and will be having to book a hotel room for 3 nights. the problem i'm facing here is, i do not have a credit card. here is a little background information on that: a few years ago i had 2 credit cards. one with a $500 limit, the other $5000 limit. i owed about $3800 on those combined. i also had one with best buy, which i owed $1000 on. i went off to school with very little $$, so i closed those 2 cc myself, the bank did not close them, it was my own choice. i paid off the balances slowly. i paid on time except for a couple years ago where i missed one payment on both cards by 30 days. i also paid the best buy card off slowly as well, but, unfortunately wells fargo (who they gave credit through) seriously messed up my account and wrote me off as a collection write-off r9, a year ago. which is false, and i've been trying desperately to fix this but have had no luck and have simply been told there's nothing that can be done by the credit beareu. this card was paid in full 2 years ago. they somehow said they got my payments 120 days late each time, which again, false. sadly it's still on my report. fine. last month, i paid my two visa balances in full from the cards i closed ($3800). so, as of last month i have no visa or any other credit card debt!!!!! the only debt i carry now is my student-loan. which is in good standing. so to sum it all up: credit cards all paid-off in full as of last month. best buy card paid off over a year ago, but r9 still stands. student loan in good standing. now, all of the hotels are telling me they do not accept pre-paid credit cards. i was going to use my bmo pre-paid travel card, but they will not accept any of them (even though it has my name on the card, and looks just like a normal mastercard???) now i'm in trouble, i need to be in toronto for these days, i do not have access to use anyone elses credit cards (plus hotels won't allow that anyhow), and i'm not sure what state my credit is in right now since i only paid off my visa's last month. i am 21 years old, still a student, but am currently working a full-time summer job (been here for a month) and i'm here until september 1st, then i go part-time. i make the required income to get a credit card most definately. now, is there any credit cards i can apply for and be approved for given my situation? any help/advice would be greatly appreciated! @n your an idiot & i'd wager on that. they never posted my payments to my account because best buy switched to a diff credit company and everything got "lost" according to their customer service rep. they eventually posted it to my account (after about 8 months of payments i made on time but they failed to post to any account number), but they still have yet to erase it from my credit rating.

Closing those old cards did you no good. You should have simply cut them up or hid them. This actually hurt your rating - deleted part of your credit history which is a 15% of your fico. And wiped out the overall unused limits on all your cards. Creditors like to see unused card limits. A hotel will take cash - you will have to pay a deposit upfront along with your hotel charges. Call them up and ask them how much the deposit is. Tell them you closed your old credit cards by mistake without knowing someday you would need them. If that hotel does not take cash - find one that does. Keep in mind that the deposit will be steep - upto about 4 nights stay. Try getting a card asap - but your limit may be not more than $500. Plus you have to be 21 to get a card now - new laws. A short work history may be against you. /

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I am new to this bmo spc mastercard, recently i purchased a product online, it was like 20 days ago, and i haven't received the paper bill yet in the mail, when i check my online "balance" it says the amount i have to pay back, but at the bottom it says "due date sept. 9, 2010" what does that mean??? does that mean i have missed my payment date :

Call them. It's possible the bill got lost in the mail and you never received it. You can also pay it online if you wish.

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Could i get a 150000 business loan? i estimated that my yearly profit will be 200000$ this is not just a random number, i calculated it. it is after taxes, and expenses and all that. it would be the net income. so i could pay it off not problem i have it all on paper (where the loan will be going, how my ne income was calculated, expenses etc) i have just turned 18 and i make about 20000 per year. i have a 10% (15000$) down payment set up. i live in canada if that matters. if you are going to post " email this person or that person do not post!!!! you are all a bunch of scams and im not falling for it!!!! i am going to go through a local bank (scotia bank, td trust, bmo,etc) i have no dept at all. i have good credit, the only loan i ever got was for my car and that got payed off no problem (5000$) i would like to go through a bank like the scotia bank or something like that. the colateral would be that they get the buisness (every thing i bought with the loan). i am creating a buisness, and i would like to get people to buy franshise oportunites from me across the world. i dont want to give my buisness idea away, but i would be a taxi buisness but something ( im nit ginna tell you what it is, will make it the best taxi company by far and i think its a good idea because all people have to do is dial a different number then usual to save a buck or 2 ( that is only one of the things that make this taxi buisness better then the others, i just dont want to give it all away. i think it would be sucsessful when i present the idea to them, and i could easily open up framchises across canada. also i guess the loan could be more like 130,000 if it had to.

Sorry to burst your bubble, although it will be very hard for you to get a loan for such a large amount. It depends on many different factors. First of all, how is your credit score and history? This is a very important factor in the loan application process. Secondly, do you have a co-signer who will back you up? If so, how is THAT person's credit score and history? How much debt do have? What kind of business will you be investing in and what will its assets be? Is it a franchise? What are is your current income and the value of your personal assets? How much will you be investing of your own money (10% is not very attractive to the bank). Will you be willing to be sign a personal guarantee? What collateral will you be putting up? What bank will you be going to order to obtain this loan? The loan officer will also examine your level of education, work experience, and your personality/character. Its kind of hard to think that in this kind of economy you can re-pay a large loan in one year and still be up by $50,000 in profit. Businesses are struggling and banks obviously know that, therefore they will be very reluctant which goes against your favor.

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Obama’s misnamed “financial regulatory reform plan” is a brazen attempt by the bankers to consolidate their power. obama’s plan will be run out of the treasury under former new york fed grand poobah timothy geithner. obama — or rather, the bankers who own obama — has devised something called a “financial services oversight council” to be chaired by the bankster dominated treasury department. this uber-council would call the shots for every financial firm in the country and supposedly refer “emerging risks to the attention of regulators with the authority to respond,” even as obama plans to call for the u.s. office of thrift supervision to close under the direction of the federal reserve. instead of independent bank regulators, obama proposes a “national bank supervisor” who would have “separate status within treasury and be led by a single executive,” according to clusterstock. the nbs czar would occupy a centralized post in enemy territory and “take over the prudential responsibilities of the office of the comptroller of the currency, which currently charters and supervises nationally chartered banks and federal branches and agencies of foreign banks.” next up, obama tells us he wants to create a consumer financial protection agency, a laughable proposal if it wasn’t so criminally dishonest. it would be charged with protecting consumers of credit, savings, payment and financial products and services, or so we are expected to believe. it will be another government behemoth beholden to the same financial elite that has so far ransacked the nation to the tune of trillions of dollars. “the cfpa will be a massive new agency that will impact everyone in the united states in some form,” writes andrew busch, a markets strategist at bmo capital markets in chicago. “providing this much power to one agency is truly frightening as they will get to set the rules and pick the winners/losers for the financial sector.” you know, the same “winners” now ruling the roost. then there is the office of national insurance, also to set up camp in the treasury. it will allegedly improve and broaden the regulation of insurance companies and affiliates on a consolidated basis, including affiliates outside the traditional insurance business, and will offer consistent consumer protection for insurance products and practices. the excuse for this one is the failure of aig. on september 16, 2008, aig suffered a liquidity crisis following the downgrade of its credit rating. it needed a $85 billion credit infusion from the money out of thin air folks over at the federal reserve. the fed basically ended up owning aig and its boatload of toxic debt. if you check the federal reserve act, you will see there is nothing in there about the ability to buy up insurance companies. but then, since the fed is not actually a part of the u.s. government and is a private banking corporation owned by a consortium of private banks, it is not beholden to no stinking act passed in the dead of night during a christmas recess way back in 1913. •it wasn’t insurance losses that nearly toppled aig — it was the actions of secretive unit that caused more than $18 billion in losses for the world’s largest insurance company. aig financial products was run like a hedge fund out of london and wilton, connecticut, and specialized in derivatives masquerading as “financial products.” do you think the treasury, run by little timmy geithner — who was president of the federal reserve bank of new york, worked for the master criminals robert rubin and lawrence summers, spent time at the cfr and learned a trick or two under the direction of herr kissinger and associates — will “regulate” derivatives pretending to be “financial products” for insurance customers? please. wall street and its international offshore banker overlords are addicted to derivatives. “these derivatives now amount to a total worldwide notional value that can be estimated between 1 quadrillion and two quadrillion us dollars. this sum is so large that it dwarfs the total value of the entire planet earth and all those who live here,” notes webster g. tarpley. if you think obama and crew plan to do something about this massive black hole, i have a bridge to sell you on krypton. obama’s “financial regulatory reform plan” is but another bankster scam. it is an obvious plan to grab up more industries and goodies under the guise of “regulation” and (ack) “consumer protection.” so contemptuous of you and your family are the bankers they don’t even attempt to make this threadbare nonsense plausible. it is thievery right out in the open. our only hope at this point is the federal reserve transparency act, hr 1207, now up to 232 co-sponsors. it needs a two-thirds vote with 290 members on board so the bankster tool obama will not veto it. on that day of its passage there will be a short cry of hosanna — and then we will open the fed’s books and begin

Is our president obama relying on americans disinterest in politics to rob the united states blind? No. President Obama is hiding nothing. He and his administration has been quite transparent about their agenda. His and his administration's agenda has a serious social component which requires a bit of tyranny to be achieved. The agenda is oriented to draw away individual liberty towards central government authority. Their team will use and has used terminology like "personal mandate" or "community focused". The problem is not public disinterest. The problem is that a large outspoken part of the public favors this agenda. Culturally, the public has grown used to the lowered level of liberty that previous politicians have left them. Giving up a little more freedom in exchange for some government entitlements has huge precedent. LG

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Obama’s misnamed “financial regulatory reform plan” is a brazen attempt by the bankers to consolidate their power. obama’s plan will be run out of the treasury under former new york fed grand poobah timothy geithner. obama — or rather, the bankers who own obama — has devised something called a “financial services oversight council” to be chaired by the bankster dominated treasury department. this uber-council would call the shots for every financial firm in the country and supposedly refer “emerging risks to the attention of regulators with the authority to respond,” even as obama plans to call for the u.s. office of thrift supervision to close under the direction of the federal reserve. instead of independent bank regulators, obama proposes a “national bank supervisor” who would have “separate status within treasury and be led by a single executive,” according to clusterstock. the nbs czar would occupy a centralized post in enemy territory and “take over the prudential responsibilities of the office of the comptroller of the currency, which currently charters and supervises nationally chartered banks and federal branches and agencies of foreign banks.” next up, obama tells us he wants to create a consumer financial protection agency, a laughable proposal if it wasn’t so criminally dishonest. it would be charged with protecting consumers of credit, savings, payment and financial products and services, or so we are expected to believe. it will be another government behemoth beholden to the same financial elite that has so far ransacked the nation to the tune of trillions of dollars. “the cfpa will be a massive new agency that will impact everyone in the united states in some form,” writes andrew busch, a markets strategist at bmo capital markets in chicago. “providing this much power to one agency is truly frightening as they will get to set the rules and pick the winners/losers for the financial sector.” you know, the same “winners” now ruling the roost. then there is the office of national insurance, also to set up camp in the treasury. it will allegedly improve and broaden the regulation of insurance companies and affiliates on a consolidated basis, including affiliates outside the traditional insurance business, and will offer consistent consumer protection for insurance products and practices. the excuse for this one is the failure of aig. on september 16, 2008, aig suffered a liquidity crisis following the downgrade of its credit rating. it needed a $85 billion credit infusion from the money out of thin air folks over at the federal reserve. the fed basically ended up owning aig and its boatload of toxic debt. if you check the federal reserve act, you will see there is nothing in there about the ability to buy up insurance companies. but then, since the fed is not actually a part of the u.s. government and is a private banking corporation owned by a consortium of private banks, it is not beholden to no stinking act passed in the dead of night during a christmas recess way back in 1913. •it wasn’t insurance losses that nearly toppled aig — it was the actions of secretive unit that caused more than $18 billion in losses for the world’s largest insurance company. aig financial products was run like a hedge fund out of london and wilton, connecticut, and specialized in derivatives masquerading as “financial products.” do you think the treasury, run by little timmy geithner — who was president of the federal reserve bank of new york, worked for the master criminals robert rubin and lawrence summers, spent time at the cfr and learned a trick or two under the direction of herr kissinger and associates — will “regulate” derivatives pretending to be “financial products” for insurance customers? please. wall street and its international offshore banker overlords are addicted to derivatives. “these derivatives now amount to a total worldwide notional value that can be estimated between 1 quadrillion and two quadrillion us dollars. this sum is so large that it dwarfs the total value of the entire planet earth and all those who live here,” notes webster g. tarpley. if you think obama and crew plan to do something about this massive black hole, i have a bridge to sell you on krypton. obama’s “financial regulatory reform plan” is but another bankster scam. it is an obvious plan to grab up more industries and goodies under the guise of “regulation” and (ack) “consumer protection.” so contemptuous of you and your family are the bankers they don’t even attempt to make this threadbare nonsense plausible. it is thievery right out in the open. our only hope at this point is the federal reserve transparency act, hr 1207, now up to 232 co-sponsors. it needs a two-thirds vote with 290 members on board so the bankster tool obama will not veto it. on that day of its passage there will be a short cry of hosanna — and then we will open the fed’s books and b

nothing, we'd never see a word about it. greedy elitists make me sick.