Have you ever found yourself with unexpected expenses popping up seemingly out of nowhere?
When you have bills to pay or unplanned emergencies that need to be taken care of, having access to fast cash is important. However, without an emergency fund in place or if you have a bad credit score, quickly obtaining a cash advance in Quebec can be difficult.
Most banks won’t give you the time of day if your credit score is too low and you will be forced to seek alternative options. Asking friends and family for money is an option but it can often make you feel uncomfortable and generally isn’t the ideal solution.
With this in mind, how exactly can you get a fast cash advance in Quebec?
Reasons for a cash advance in Quebec
Many reasons exist for needing extra money in a hurry and you may be surprised to find that many of the reasons have nothing to do with being in financial trouble. While emergencies can certainly drive someone to seek a cash advance, many have simple reasons to look for a payday loan.
Here are some common ones:
- Taking an impromptu vacation
- Helping to cover a new car
- Mending home repairs
- Funding a small business venture
- Purchasing new equipment
As you can see, not everyone who needs a cash advance in Quebec is necessarily drowning in debt or unable to obtain one from their bank due to bad credit. However, no the matter reason, it’s always important to consider some factors before getting a loan such as the conditions and your ability to pay the loan back.
What are your options?
As a resident of Quebec, you basically have two main options to quickly receive a cash advance. You can either go through the traditional banking system or use the services of a trusted private lender such as Friendly Lender.
Depending on your financial situation, the bank can be a suitable option for obtaining a loan relatively quickly. However, if you should happen to have a bad credit rating, your chances of approval aren’t very good.
There also tends to be a fair amount of paperwork involved with financial institutions which can increase the waiting period. In addition to a longer time spent waiting for your loan, there tends to be much less flexibility in terms of your options.
If you have a poor credit score, going through a private lender is likely your best and only choice. Additionally, if you need your cash advance as quickly as possible, a private lender can often accommodate you within a day or less.
Even without a bad credit rating, the bank often has strict criteria that needs to be met in order to make a cash advance in Quebec. This can be frustrating if you’re only seeking a small amount to borrow for the short-term.
Friendly Lender is part of the private lenders that can make you a quick money saving, and helps many borrowers in Quebec.
If you have bad credit or find yourself in a situation where you need money quickly, going through a traditional financial institution can be a burden. For those in need of rapid cash advances, it is worth considering a private lender such as Friendly Lender.
Don’t hesitate to contact us with any questions you may have about the lending process!