Archive for January 2019

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Bruised Credit? A Bad Credit Loan May Be the Only Answer – Here is What You Need to Know

On January 16, 2019 / Bad Credit Borrowing, Bad Credit Mortgage, Getting a Loan with Bad Credit, How to Get Approved For a Loan, Loan After Bad Credit, Loan with Bad Credit, Mortgage Financing, Mortgage Refinancing, Payday Loans, Personal Loan, Personal Loan Financing / Comments Off

If you have bruised credit and are looking for financing, you may be considering a bad credit loan. But if this is the case, you need to pay special attention to the types of loans available. Some aren’t as good as they appear to be. A bad…

Bank of Canada Interest Rate Staying at 1.75% for January 2019

On January 10, 2019 / Bank of Canada Interest Rate, Getting Out of Debt, Interest Rates / Comments Off

If your New Year’s resolution is to get out of debt, good news: the Bank of Canada interest rate is staying the same for the time being. On January 9, 2019, the Bank of Canada (BOC) announced they would not be changing the rate from its current…

Borrow with Your Car to Deal with Holiday Bills Fast

On January 2, 2019 / Borrow with Your Car, Car Loan Borrowing, Car Title Loan, Car Title Loans, Getting a Loan with Bad Credit, Holiday Spending, How to Get Approved For a Loan, Loan with Bad Credit, Personal Loan Financing / Comments Off

January is officially here, which means the holiday fun is over… It’s back to school and back to work and back to reality — including holiday bills. As holiday costs start to roll in, you may be left wondering how to pay them off. You don’t want…

Twitter

These #DIY (& affordable) home décor projects from @TheMarilynShow might just be your new winter hobby.… https://t.co/AgFNViENLI 12:00:01 PM January 17, 2019

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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.

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.