March 2014 - Prudent Financial - Your Best Bank Alternative

Living PayCheque to PayCheque? Say No To Pay Day Loans!

By admin | March 10, 2014

Living PayCheque to PayCheque? If you’re living pay cheque to pay cheque and worry about running short on money to cover your expenses, a pay day loan can seem tempting. However, it’s important to understand the high interest rates and charges that come with pay day loans. You could easily end up paying far more…

Need money? Credit cards vs. Personal Loans

By admin | March 5, 2014

Need money? Credit cards or Personal Loans When you need money, it’s easy to apply for another credit card. Credit cards are easy to get and even easier to use. It’s quick, simple and convenient to simply swipe or tap your card to pay for your latest purchases. However, many credit cards have very high interest…

Fine print for your Prudent loan

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Minimum and Max period for a Prudent loan repayment is 6 - 48 months.

Maximum annual percentage rate (APR), which includes the interest rate plus fees and other costs for a year - from 19.99% to 34.99% maximum (effective rate will vary).

A representative example of a Prudent loan – How is it broken down with all applicable fees
A typical $1,000.00 loan, paid off over a 12 month period borrows an amount of $1,020.00 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

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.

Archive for March 2014

Living PayCheque to PayCheque? Say No To Pay Day Loans!

Need money? Credit cards vs. Personal Loans

Fine print for your Prudent loan

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