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Getting a Loan Online – The Ultimate Guide
With social distancing in place due to the ongoing COVID-19 pandemic, many things that we used to do in-person have migrated to online — including taking out loans. Today, more lenders are cropping up across the country offering online loans to Canadians who are hard hit by the coronavirus. But how can you tell if…
Read MoreFast-Cash Alternatives to Payday Loans During the COVID-19 Pandemic
The novel coronavirus (COVID-19) pandemic has brought many challenges for people around the world — both physically and financially. According to Macleans, as of April 28, Service Canada had received 7.3 million applications for the Canadian Emergency Response Benefit (CERB). Statistics Canada reported that one-in-five Canadian businesses had laid off more than 80% of their…
Read MoreJob loss and Covid-19
Covid-19 has been a challenge for most over the last 9 months. Some businesses have thrived if they are a service that is curbside capable. But many have not. CTV reported recently that 1 in 7 stores are not expected to survive the pandemic. You personally may have been effected. You may have had your…
Read MoreLiving with Covid-19 and your Finances
Covid-19 and your Finances Two types of emergencies exist that can impact your financial situation. The first type of emergency is when you suddenly have to pay a large unexpected expense (i.e. car repair). The second type of crisis is when your income is unexpectedly reduced (i.e. job loss or drop in sales if self-employed).…
Read MoreUndischarged Bankrupt? We Are The Only Lender in the GTA Who Will Lend To You
Are you in the middle of a bankruptcy? This is what’s known as an “undischarged bankrupt” — you’ve filed for bankruptcy but haven’t yet finished paying it off. And you haven’t been released from your legal obligation to repay debts. When you’ve declared bankruptcy, one of the most important things to do is to start…
Read MoreBank of Canada Interest Rate Back Down to 0.25%
The Bank of Canada interest rate is back down to 0.25% — the same rate it was in July of 2017 before it began increasing. Read on for what this means for you… From March 4 to April 15, 2020, the Bank of Canada (BOC) interest rate has undergone significant changes. On March 4, it…
Read MoreWhy Keeping a Good Credit Score is Important
Why is keeping a good credit score important? Most people know that a higher credit score can get better interest rates on financing, but the risks of a low credit score go beyond that. A credit score indicates your ability to repay debts. It’s what most traditional lenders use to determine whether you’re eligible for…
Read MoreBad Credit Loans in 1-2-3
Not all bad credit loans are created equal. When you have bruised credit and are looking for a loan, it feels like your options are limited. But rest assured that you do have choices. In this blog, we’re breaking down what those choices are and how to select the best one for you! Payday Loans…
Read MoreCanadian Debt Skyrockets – Are You Feeling the Pinch?
Recent news reports have indicated a troubling situation for Canadian consumer debt. For the first time ever, Canadians have more than $100 billion in credit card debt, according to TransUnion Canada. Forecasts also predict that the average Canadian’s non-mortgage debt may increase by $31,531 per person by the end of 2020. And delinquency rates –…
Read MoreLaid Off Or Out-Of-Work Due to COVID-19? Financial Options for Staying Afloat
These past couple weeks have been enormously difficult for many Canadians due to the outbreak of the novel coronavirus, COVID-19, and subsequent measures to “flatten the curve.” While these undertakings are aimed to keep the public safe and reduce infection risk, there’s been an unfortunate side effect — many Canadians are now out of work.…
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