Yesterday most of the financial blogs took time out and had an April Fool’s post of some kind, a few caught me off guard, but then I realized what day it was, and laughed along with the authors. I don’t typically post April Fools stuff too much, because I am so gullible and might read my own posts and then believe them.
Be Nice to the Police Person (off topic kind of)
Sunday night I got yet another example of speaking to someone in a contrite and apologetic way when you know you were in the wrong, can sometimes help you out. I was returning from a basketball tournament very late and was in a big rush to get home.
Between Highway 407 and 401 in Toronto is a bit of a goat path (called Brock Road), which has a very low speed limit. I came over a rise and barreling down a hill at what must have been 100 km/hr and the posted speed limit was 60 KM, and the policeman had me dead to rights. He ignited his lights and I pulled over kicking myself for being in such a rush to get home, but was very polite, contrite and apologetic to the officer. He seemed very reasonable and polite as well, but when he went back to his patrol car and was there for what felt like 15 minutes, I thought I might be getting nailed with the new Ontario “Street Racing” law (because 40 KM over is a HUGE fine, street racing is 50 KM over the speed limit).
He returned he said that the penalty for 32 KM over the speed limit was 4 demerit points and an over $200 fine (I think my jaw dropped open as he said that, because that most likely would mean a large insurance premium bump as well), BUT, that since this was a first offense (effectively), he was going to let me off with a fine for going 15 KM over the speed limit ($60 and no demerit points).
I was very thankful to the policeman for his leniency. I found out later another friend had the exact same thing happen the previous day on Highway 7, so being polite is always a good thing!
Advice for the day: Always talk nicely to the policeman or woman.
Pay Day Loan Fees Capped
In Ontario the provincial government did something of value, by capping the “fees” the payday loans companies have been subjecting their clients to. Along with the cap the legislation will also:
If the legislation passes all payday lenders must also:
- Be licensed by the province
- Provide customers with a total that includes all charges the consumer is required to pay when borrowing
- Contribute annually to a fund to pay for public education about payday lending.
I applaud the Provincial government for this action against these modern day loan sharks. As my regular readers know, I loath these institutions, and their trickery to steal as much money as possible from the people who can least afford it.