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Consumer Alert: Fast Cash Can Cost You Big if You are Not Informed
Sometimes in life, you need fast cash. A sudden home emergency, dental problem, car repair, or other unforeseen expense might not have been in your budget… In these cases, you might be looking for quick money. If you find yourself in this situation, proceed with caution! Many fast cash lenders seem too good to be…
Read MorePrudent Value Cars Has a New Website!
Prudent Value Cars has a new website! With same day, in-house financing up to $25,000, Prudent Value Cars has vehicle solutions for people in all types of financial situations, including: People with bad credit in Toronto/the GTA. People in a bankruptcy or consumer proposal. Self-employed. Prudent Value Cars offers the lowest rates for bad credit…
Read MoreBank of Canada Interest Rate Staying the Same for September 2019: How This Affects Consumer Debt
The Bank of Canada (BOC) is maintaining the Canadian interest rate for another month. On September 4, 2019, the BOC announced that they are keeping the overnight interest rate at 1.75% — the same rate it has been since October of 2018. Economic Uncertainty Some factors that went into the decision to hold rates included:…
Read MoreBruised Credit vs. Bad Credit vs. Obliterated Credit
What is the difference between bruised credit, bad credit, and obliterated credit? We’re here to answer the question! To first understand that, let’s first define what is bad credit. In Canada, your credit score can range between 300 and 900, with 300 being the lowest and 900 the highest. The ranges are typically as follows:…
Read MoreBack to School Expenses: Filling Shortfalls
School is nearly back in session and with it back-to-school expenses. Whether you have children who are heading back to school, or you’re returning to college or university and managing student loan debt, this time of year can be expensive. According to an Angus Reid poll of more than 1,500 Canadians, conducted on behalf of…
Read More[New Video] How to Get the Loan You Need, Even with Bad Credit
Learn how to get approved for a loan, even with bad credit! Download a free eBook, written by Prudent Financial – a trusted lender since 1984. Essentials on getting the loan you need. Download your free eBook today: https://www.prudentfinancial.net/getting-loan-approved-even-with-bad-credit
Read MoreOptions for Cutting Your Monthly Expenses By 50% — Or More!
Sometimes no matter how much you try to make ends meet, your monthly expenses stretch you thin. In this case, you have two options: the first is to earn more money (easier said than done sometimes!). The second option is to reduce your monthly expenses. There are several ways to cut down on what you…
Read MorePreparing to Refinance/Renew Your Mortgage at a Higher Interest Rate
Are you planning to renew your mortgage soon? If so, you could be in for sticker shock. Economists estimate about 24.1% of mortgages will renew in 2020, and 26.8% in 2021. Since 2017, we have seen interest rates rise significantly, going from 0.5% to 1.75%. If you last renewed your mortgage between 2014 to 2016,…
Read MoreHow to Obtain Home Equity Financing Without Getting Other People on Title Involved
Home equity financing can help you achieve a lot of financial goals — complete a home renovation, fund a major event, like a wedding or tuition, get out of debt, and more. But sometimes it can be difficult to secure the financing if there are other people on title. For instance, some homeowners may purchase…
Read MoreJust Filed for Bankruptcy – When Can I Start Rebuilding Credit?
If you’ve just filed for bankruptcy, rebuilding credit may be on your mind. The good news is that you don’t have to wait long. In fact, when it comes to rebuilding credit after bankruptcy, the sooner you start, the better. Believe it or not, you can actually start credit repair while you are still undischarged.…
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