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When Online Loans Make Sense


It is inadvisable to take out an online loan unless you really need one. However, in today’s affordability and cost-of-living crisis, it doesn’t look as though things will get any easier for most Canadians.

We’ve all seen the prices of food, gas, housing, electricity, and other necessities increase post-pandemic. The trend shows no signs of slowing down, making it difficult for ordinary Canadians to keep up. Online loans can help in time of need, but you must make sure you’ve checked other options first.

Reasons to Take Out an Online Loan 

When you are unable to keep up with your expenses, you may need to get funds fast.

If you don’t have a family member or friend willing to give you a loan, you may have to opt for an online loan.

Online loans can be used for almost any expense, from rent to utilities, groceries to car repairs, and much more. When you have trouble making ends meet every month, some extra cash could help. The large gap between the living wage and the minimum wage in Canada makes things even more difficult for many individuals and families, who are already struggling, so read for more tips on how to improve your financial game.

Times are tough, but we are here to help. Friendly Lender can connect you with online installment lenders in a flash. Apply online. It only takes a few minutes.

Improve Your Finances: 3 Smart Tips

To counteract the financial woes that are piling up for average Canadians, we can take advantage of three smart tips.

Tip #1: Increase Your Income

This may seem obvious but difficult to accomplish. After all, the job market is tough and only seems to be getting tougher. Yet there are ways to make yourself stand out.

You can learn new skills via online courses, bootcamps, video tutorials, and more. Information has never been more accessible. You can learn skills like coding and graphic design, sometimes without paying a cent. As long as you practice and build a good portfolio, you have a chance of landing your dream job. Then your finances may see an immediate positive uptick.

Tip #2: Follow a Budget

Along with increasing your income, sticking to a budget is crucial to improving your finances. Use online apps, a simple Excel spreadsheet, or other means to draw up your total monthly income and expenses. Be judicious about where you put your money. Allocate some money toward your debts. Limit your discretionary spending.

Need a quick cash loan? Friendly Lender may be able to help. Apply online – it only takes a few minutes – and get connected with Canadian installment lenders in seconds.

Tip #3: Live Below Your Means

We cannot afford a luxurious lifestyle right now with the ongoing cost-of-living crisis. Live below your means and avoid expensive or unnecessary purchases. This will help put you on the right track. It’s important to analyze why you overspend and why you can’t content yourself with a humble lifestyle, if that is the case. Simplicity is sometimes the only way forward.

It’s important to know your credit score and credit report if you wish to apply for loans, an apartment, a mortgage, and more. Wish to find out your credit information? Consider Credit Verify! With a few clicks, you will be able to access your credit score, credit report, and additional benefits.


It’s never been harder to keep up with expenses. Online loans can help in times of need. Submit a quick online application here and get access to Canadian installment lenders. Better days are ahead. Keep your head up and keep going!

Fast and Convenient Online Loans In Canada

We connect your application with our network of Canadian lenders, giving you a high chance of getting approved.