What Are No Credit Check Loans in Ontario?
Overview No credit check loans are designed to provide financial assistance to those who may have a low credit score or lack a credit history in Ontario. This is because those with low credit scores or without a credit history may lack access to traditional financial products and services. Financial institutions like banks and credit […]
6 Reasons Why a Loan Application May Not Get Approved
Overview Lenders use a variety of criteria to help them determine whether an applicant will be able to repay a loan. The criteria they use typically provide them with a picture of the credit risk presented by an applicant, their likelihood of defaulting on their payments, and so on. Therefore, the most common reasons why […]
10 Tips to Survive Inflation in Canada
Overview Inflation is the rate of increase in the price of goods and services, which corresponds to a decrease in the purchasing power of money. Canada has been experiencing high inflation in recent years, with food and housing costs undergoing some of the biggest upward surges. Causes Inflation is the result of a complex interplay […]
Tips on Getting Approved for an Online Loan in Canada
For some prospective borrowers, online personal loans may offer a better alternative to credit cards and payday loans. The application process takes place entirely online, is quick and simple, and you may get access to funds in as little as 24 hours. Here are some tips on how you can get approved for a personal […]
5 Tips to Lower Your Debt-to-Income Ratio
You may have heard of the debt-to-income ratio (DTI) and considered its importance. In this article, we will define the debt-to-income ratio, analyze its significance, and consider five ways to improve your DTI. What is a debt-to-income ratio? The debt-to-income ratio is a metric used to evaluate the extent to which an individual is burdened […]
7 Basic Personal Loan Mistakes and How to Avoid Them
A personal loan can help you bridge a cash shortfall until the next paycheque. However, it is important to take out personal loans responsibly. Discover the seven common mistakes people make when taking out personal loans and how to avoid making those mistakes. 1. Not Reviewing Your Financial Situation Before you apply for a loan, […]
Living Paycheque to Paycheque: How to Break the Cycle
Many Canadians are struggling financially. According to the MNP Consumer Debt Index, over half of Canadians are $200 or less from being unable to pay their bills and debt obligations each month. Meanwhile, according to another poll by Leger, about half report that they are living paycheque to paycheque. If you’re struggling to save any […]
Online vs. In-Person Loan Applications: Which Is Better?
Intro If you’re new to the borrowing process, you may be asking yourself whether it’s best to apply for a loan online or in person. It can be a difficult decision. Online loans typically offer faster application processes and approval times as well as more lenient requirements. On the other hand, applying for a loan […]
Personal Loans vs. Credit Cards: Pros and Cons of Each
Personal loans and credit cards are two different types of credit that cater to different needs in the market. Those who do not have access to more traditional financial services may benefit from personal loans with online lenders. In this article, we will explore the differences between the two types of financial services in more […]
E-Transfer Personal Loans in British Columbia
What Is an E-Transfer Personal Loan in British Columbia? An e-transfer personal loan allows you to borrow quick cash, which you will receive via an e-transfer. E-transfer personal loans can be used to cover a wide variety of expenses. You can obtain such loans in British Columbia via Friendly Lender. Apply online now. Get an […]