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Archive for December 2018

Getting Back to Basics – New Year’s Credit Rebuilding Resolutions

By admin | December 27, 2018

The new year is just days away. Have you considered a credit rebuilding resolution? New Year’s resolutions can get a bad rap at times. We read a lot in the news about how they are difficult to stick with and how most people abandon theirs by the second week of February. Why not make 2019…

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Borrow Home Equity to Pay Off Your Credit Card – Even If You’re Not the Only One on Title

By admin | December 19, 2018

With interest rates on the rise, high credit card debt can be even more expensive to pay it off. If you have home equity available, you might want to use some of it to pay down your bills, but what if there are other people on title? You might: Have other people on the property…

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Happy Holidays from the Prudent Financial Family!

By admin | December 12, 2018

Happy Holidays from the Prudent Financial family. We wish you the best this holiday season and hope you get to spend it with your loved ones. See you in 2019!

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Good News for Holiday Shoppers: Canadian Interest Rates Staying Steady for December 2018

By admin | December 6, 2018

If you’ve been putting holiday purchases on your credit card, the latest Bank of Canada announcement will come as a relief – Canadian interest rates are staying at 1.75% for the rest of 2018. On December 5, 2018, the Bank of Canada (BOC) announced that it would hold its overnight rate until at least the…

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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.

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