Wednesday, June 17, 2009

Quick update

We signed the lease! And picked up the keys (at least the key to the apartment; we still need the one to the front door).

We tested the stuff in the apartment--lights, door handles, oven. It's...underwhelming really. Parts of it are in pretty crappy condition, but it's livable. We'll be going in to clean it up this weekend, and possibly even move. We'll see! I also have a midterm this weekend...ugh!

I ordered this Burt's Bees birthday grab bag to as a gift to myself for pulling through all this. I love Burt's Bees, and although that was $33 I wasn't expecting to spend, I will thoroughly enjoy everything in it.

When I went to the bank to get the broker's fee in cash today, I got pulled out of the main line by a customer service rep in a little cubicle, who then tried to upsell me on other products for ten minutes. I tried explaining to her that there was only so much money in my checking account because I was moving, and that I kept most of my money at ING because they have (had) interest rates that blow everyone else out of the water, but she was having none of it. Then she said her records indicated that I was qualified for a $20,000 home equity line of credit and I started laughing. I thanked her for her time, but told her I didn't feel comfortable opening new credit products with a bank that was prepared to offer me a line of credit based off of equity in a home I don't even own. That put an end to the conversation but left me wondering--are banks struggling to keep new customers or expanding their business? This is a major national bank which has actually been doing quite well throughout the recession, and I could see on her computer screen--it actually had that as an option for me. I'm sure we would have run into problems if I'd actually applied for it, but this is New York where most people don't own real estate anyway. That seems like a pretty big red flag, to give a HELOC to a bank customer who rarely has more than $5,000 across her accounts at your institution.


1 comment:

  1. Hmm, it's odd how they still haven't learned anything from the recent economic collapse. Really? A HELOC for a non-home owner? What's next?

    And I wonder how many people would have jumped at the chance to spend 20k of not-their-money.


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