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Equity Lending Changes the Borrowing Game – We Have All the Details
Equity lending is changing the borrowing game — and for a good reason! It’s a non-judgmental form of lending that depends on security, not your past. While other lenders require a good credit score, provable income, a strong loan-to-value (LTV) ratio, and more, equity lenders typically do not. Instead, equity lenders require an asset with…
Read MoreCity of Toronto No Longer Issuing Payday Lender Licenses – What This Means for Same-Day Loans
The City of Toronto is no longer handing out licenses to payday lenders. In October of 2019, the City of Toronto council voted unanimously to stop issuing licenses to payday loan outlets. Councillors said the payday lenders are “predatory” toward low-income residents. “We heard over and over and over again stories of how people’s lives…
Read MoreAffordable Family Day Activities Around the GTA in 2020
Monday, February 17, 2020 is Family Day in Ontario! If you’re in the Greater Toronto Area, you might be looking for affordable Family Day activities to do with the kids. If so, look no further. We’ve got a list of low-cost or no-cost things to do with kids around the Toronto area. Fort York Winter…
Read MorePrudent Launches Mortgage Broker Services Division
TORONTO, ON — Prudent Financial is pleased to announce a division created exclusively to serve mortgage agents and brokers. Prudent is a sub-prime equity lender that has offered subprime loans and mortgages to the consumer public since 1983. Prudent’s new division, Prudent Mortgage Broker Services, was created to facilitate its financial products through broker channels.…
Read MoreHow Debt Affects Mental Health
It’s Bell Let’s Talk Day – a day that creates awareness around mental health initiatives. This topic is so important, particularly when it comes to finances, as money problems and mental health are often interconnected. Debt frequently triggers stress, which can reduce resilience against mental health problems. And on the other side of the coin,…
Read MoreBank of Canada Interest Rate Staying the Same for January 2020: Here’s How to Save Money From It
The Bank of Canada (BOC) interest rate is staying the same for January 2020. It’s the 10th time in a row this has happened — the interest rate has stayed at 1.75% since October of 2018. But the January 2020 BOC announcement pointed to an interesting trend – Canadians appear to be spending less and…
Read MoreThe Best Approach to Payday Loans – Consolidate and Never Look Back!
Q: What’s the best approach to payday loans? A: Consolidate them and never look back! Payday loans often seem like a good idea at first. If you need cash fast, they meet that immediate need. But the long-term consequences are not nearly as effective… When you go to a payday lender, you can quickly borrow…
Read MoreMore Financial Solutions Than Ever to Serve You!
Happy New Year! We are thrilled to be entering 2020. The Prudent Financial Services team wants to make this the best year yet for you and your family. That’s why we’re so thrilled to be offering more financial solutions than ever to serve you. Our financial solutions include: Personal loans in Toronto and the GTA…
Read MoreRebuilding Credit: Make Your 2020 Resolution a Better Credit Rating
The New Year is upon us – do you know what your New Year’s Resolution is yet? Whether you have an idea or not, we’d like to make a suggestion: how about rebuilding credit as your resolution? Many times people resolve to balance their budget, pay down credit cards, or get out of debt —…
Read MoreLast Minute Holiday Loans – Cash Same Day
The holiday season is full of fun and festivities, but if you’re not careful it can be full of something else, too — bills. Holiday debt piles up as quickly as the snow on the lawn (sometimes quicker!). Between the presents and the decorations and the travel and the parties you could be entering the…
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