Archive for April 2013

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Why Too Many Credit Cards Can Hurt Your Credit Score

On April 30, 2013 / Bad Credit Borrowing, Credit Rebuilding / Leave a comment

Why Too Many Credit Cards Can Hurt Your Credit Score If you have bad credit and you are trying to re-establish it, congratulations. You are on the road to financial recovery. However, one of the things that can actually hold you back from this is having too many…

Spring Clean Your Finances

On April 4, 2013 / Credit Rebuilding, Money Saving Tips / Leave a comment

Spring Clean Your Finances Spring is in the air; the sun is shining, the birds are singing, and your finances definitely need a little spring cleaning. Now is the time to take a good, hard look at your finances and make small changes that could help you…

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Keep the #Halloween scares to the ghoulies and ghosties – and away from your bank account! We’ve got must-know tip… https://t.co/Xzrm0FQHw4 about 2 hours ago

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Prudent Financial Services

Business Hours

Monday to Friday
9am - 5pm

Saturday
9am - 1pm

Sunday
CLOSED

Serving the GTA since 1984

Toronto
Etobicoke
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North York
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London
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The Fineprint

Here is the fine print for your Prudent loan.

Min and Max period for a Prudent loan repayment

Answer: 1-5 years

What is the maximum annual percentage rate (APR), which includes the interest rate plus fees and other costs for a year?

Answer: 5.75% plus annual fee (ranges from 10% -19%) APR* – 15.75% – 24.75% maximum (effective rate will vary).

A representative example of a Prudent loan – How is it broken down with all applicable fees

A typical 1000.00 loan, paid off over a 12 month period borrows an amount of 1020.00 which includes the $20 credit application fee. Total cost is 231.94. Payment is 104.33. This does not include optional life insurance

*Rates vary according to credit risks but at all times compliant with all applicable legislation and Prudent does not rely upon any exclusion intended for a pay day style loan company.

Liens and other searches 16.00 and up dependent on loan amount and amortization.

In some situations some security may be required.

Approval times are based on optimal situation - customer has all documents and extensive verification is not required.

Questions? We pioneered the Responsible Lender Pledge. Call us anytime and we’ll be happy to discuss your loan and what fees may be involved depending on your particular circumstances.