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Is cash flow already a concern?Tarspin wrote: ↑Fri Mar 20, 2020 11:11 am We have the option to freeze mortgage payments. Going to do that, emailed the first bank and waiting response, the second one has online interface so I'm on cue. 23 min wait.
The deal is that the interest accumulates at its usual rate but the monthly payments are deferred for 6 to 12 months.
Look into it if cash flow is a concern.
Omg already ?
Well you’ll get that trump cash at least[user not found] wrote: ↑Fri Mar 20, 2020 1:43 pmTrickle up economy, brah.
We normally do 110-130 cars in a good March. We've got 39 cars out with 9 selling days left, assuming we don't go under full lockdown.
Company is looking to reduce payroll expenses until this blows over. I'm in a role of redundancy - we're not selling cars, we're not dealer trading cars, and we have no business essentially. We're doing about 2 cars per week.
No but cash preservation needs to be considered before cash flow becomes a concern. It doesn't take long with two properties, two small kids etc. I'm putting numerous countermeasures in place where I can. I didn't get the info i was looking for today unfortunately and need to use a specific email address for questions of this nature.max225 wrote: ↑Fri Mar 20, 2020 12:24 pmIs cash flow already a concern?Tarspin wrote: ↑Fri Mar 20, 2020 11:11 am We have the option to freeze mortgage payments. Going to do that, emailed the first bank and waiting response, the second one has online interface so I'm on cue. 23 min wait.
The deal is that the interest accumulates at its usual rate but the monthly payments are deferred for 6 to 12 months.
Look into it if cash flow is a concern.
Why exactly would you get evicted ? That requires non payment for months
Oh, I’m completely up-to-date on payments. They’re just invoking some clause they put into our contracts that they have the right to terminate our lease and evict us. They just want everyone gone from campus. I’m appealing for an exception as soon as the form is made for it.
Welcome to the apocalypse.....wap wrote: ↑Fri Mar 20, 2020 5:26 pm Whelp, our governor just locked the state down for the next 12 business days, through 4/7. Many questions still to be answered regarding paying the hourly guys, and how the salaried employees will be paid, whether it'll be counted as vacation or
This going to put hundreds, if not thousands of small companies - many of our customers - out of business, and will be a massive financial strain on us.
Solid week and 1/2 behind us.... but yea epic shit show herewap wrote: ↑Fri Mar 20, 2020 5:26 pm Whelp, our governor just locked the state down for the next 12 business days, through 4/7. Many questions still to be answered regarding paying the hourly guys, and how the salaried employees will be paid, whether it'll be counted as vacation or
This going to put hundreds, if not thousands of small companies - many of our customers - out of business, and will be a massive financial strain on us.
Call local tv stations and complain I’m serious they can’t possibly kick you out during a pandemic when payments are up to dateRLWake wrote: ↑Fri Mar 20, 2020 4:39 pmOh, I’m completely up-to-date on payments. They’re just invoking some clause they put into our contracts that they have the right to terminate our lease and evict us. They just want everyone gone from campus. I’m appealing for an exception as soon as the form is made for it.
makes 0 senseYep.Irish wrote: ↑Fri Mar 20, 2020 5:42 pmWelcome to the apocalypse.....wap wrote: ↑Fri Mar 20, 2020 5:26 pm Whelp, our governor just locked the state down for the next 12 business days, through 4/7. Many questions still to be answered regarding paying the hourly guys, and how the salaried employees will be paid, whether it'll be counted as vacation or
This going to put hundreds, if not thousands of small companies - many of our customers - out of business, and will be a massive financial strain on us.
I know I'm
but since I started keeping a small balance on my statement dates my score had gone up 20 points. I used to pay down completely every week and I thought I was "stuck" in the mid 7's for over two years for reasons unknown.For me it is theoretically pay off the balance that you owe, but that's just me. But I'm also told to keep the 70% limit, say your limit is $1,000 and the balance that you owe is $700, if you continuously don't exceed that, your score won't go down. Basically if you're maxed out and good enough to only pay minimum payment continuously for a few months, it will bring your score down. I've been through that ishh at one point.
My wife booked all the kids summer camps, and after school programs on her CC last month. We have the cash to pay it off in full and are still getting paid. Do we put a big dent into our loose cash and pay it off of pay the $10 min. Her card is at 70% maxed out, mine is at 25% maxed.MexicanYarisTK wrote: ↑Fri Mar 20, 2020 6:52 pmFor me it is theoretically pay off the balance that you owe, but that's just me. But I'm also told to keep the 70% limit, say your limit is $1,000 and the balance that you owe is $700, if you continuously don't exceed that, your score won't go down. Basically if you're maxed out and good enough to only pay minimum payment continuously for a few months, it will bring your score down. I've been through that ishh at one point.
Apocalypse shit... pay it to avoid charges or use the notice as kindling to get the firepit lit tonight
?What do you expect would happen with this debt ? Pay off whatever has highest interest first not some % of limitTarspin wrote: ↑Fri Mar 20, 2020 7:06 pmMy wife booked all the kids summer camps, and after school programs on her CC last month. We have the cash to pay it off in full and are still getting paid. Do we put a big dent into our loose cash and pay it off of pay the $10 min. Her card is at 70% maxed out, mine is at 25% maxed.MexicanYarisTK wrote: ↑Fri Mar 20, 2020 6:52 pm
For me it is theoretically pay off the balance that you owe, but that's just me. But I'm also told to keep the 70% limit, say your limit is $1,000 and the balance that you owe is $700, if you continuously don't exceed that, your score won't go down. Basically if you're maxed out and good enough to only pay minimum payment continuously for a few months, it will bring your score down. I've been through that ishh at one point.
Do you think if we go fullmax225 wrote: ↑Fri Mar 20, 2020 8:35 pmWhat do you expect would happen with this debt ? Pay off whatever has highest interest first not some % of limitTarspin wrote: ↑Fri Mar 20, 2020 7:06 pm
My wife booked all the kids summer camps, and after school programs on her CC last month. We have the cash to pay it off in full and are still getting paid. Do we put a big dent into our loose cash and pay it off of pay the $10 min. Her card is at 70% maxed out, mine is at 25% maxed.
that it be better to keep cash? Fuck the debt? I guess to think like that won't help much. I'm too deep into property ownership and need to keep a good credit score. Hopefully this crap blows over quickly. I could probably play the conservation gave for some year, keep a single paid off car and find 3k/month to cover mortgage paper. It would be nice if either the banks or the government would at least peel back to property taxes or principal payments to help.If we really go fullTarspin wrote: ↑Fri Mar 20, 2020 9:43 pmDo you think if we go full
I always thought prudence and paying off all debt was the move, and it figures that I went from a paid off house to a new mortgage on a nicer house + cottage all within a year of this retardation. Talk about timing.
cash will be worthless.Yeah I see your point, I saw somewhere that one card is willing to go zero interest for 3 months on new debt, I'll find out which one and juggle things around for a bit if I can. Otherwise I pay all the shit off and start at zero. Fucking wife still not clueing into the magnitude of this situation, so I'm on my own to do the[user not found] wrote: ↑Fri Mar 20, 2020 8:41 pmDepends on the rate.
I've got a $600 balance at 0% that I'm gonna ride until I die.
The rest I'll pay off until I lose my job. Then it'll be my safety net for expenses that don't need liquid cash.
What are the banker bros saying lately?Apex wrote: ↑Fri Mar 20, 2020 9:46 pmIf we really go fullTarspin wrote: ↑Fri Mar 20, 2020 9:43 pm
Do you think if we go full
I always thought prudence and paying off all debt was the move, and it figures that I went from a paid off house to a new mortgage on a nicer house + cottage all within a year of this retardation. Talk about timing.
