I tapped back into my LOC when I was buying DS2's car. I wrote a cheque for the car, then went home and transferred that amount from my LOC to my chequing account.
I will say this for SGI ( our provincial insurance), they are very quick at processing. I had the cheque for the payout of the old car, in my mailbox before the week was out. That went straight to the bank and I applied it back to my LOC. Remaining balance - $2000.
I will have to halt my funding of my savings/planned spending schedule to redirect the cash to the LOC until I have it paid off.
I dislike that all this has happened, but I know his accident was completely unavoidable. Darn icy roads.
I am grateful that I have this LOC to access for emergencies.
Tuesday, Nice weekend!
1 day ago
3 comments:
You will be able to tackle that $2000 in no time considering how much you've paid off before. Just a few snowflakes and it'll be gone!
I'm really sorry your son got into an accident, but I'm glad he's okay.
A difference of $2,000 isn't too bad. Did it affect your insurance at all? I had a minor fender bender a couple of months ago, duly reported it to my insurance company, didn't bother with repairs to my truck as it was just a scrape and it's an old truck but haven't heard anything regarding an increase, in fact the deduction was the same again this month. I wonder what that means. Did the other person not report the damage on their car?? Why not as it wouldn't have cost them anything. it's a mystery and I'll just let it lie for now.
Thanks ladies. It will affect DS2's insurance to the tune of a $125 penalty. This penalty will time phase out of his record if there are no more infraction.
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