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How to Fix a Credit Report Error

On June 20, 2014 / Credit Rebuilding / Leave a comment

Fix a Credit Report Error Fixing Errors on your Credit Report can be tricky! Do you know that there are two national credit bureaus in Canada? These bureaus are Equifax Canada and TransUnion Canada. Both credit-reporting agencies can provide you with access to your credit report and…

Stop Juggling Credit Cards Debts

On June 13, 2014 / Bad Credit Borrowing, Credit Rebuilding / Leave a comment

How to Stop Juggling Credit Cards Debts Too Many Credit Cards, Too Much Debt Today, many Canadians are over their heads in debt. Much of this debt comes from credit cards. In fact, credit cards now account for the second highest debt load in Canada (30%). In…

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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
Scarborough
Mississauga
North York
Brampton
Ajax
Barrie

Burlington
Hamilton
Whitby
Pickering
Kitchener
London
Markham
Oakville

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.