Archive for October 2019

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One Year of No Change to Canadian Interest Rate: What It Means for Your Finances

On October 30, 2019 / Bank of Canada Interest Rate, Canadian Consumer Debt, Canadian Interest Rate, Getting Out of Debt, Interest Rates, Mortgage Interest Rate / Comments Off

The Canadian interest rate has officially gone one year without any change. On October 30, 2019, the Bank of Canada (BOC) announced the Canadian interest rate will stay at 1.75% for another month. This rate was set on October 24, 2018, marking one year of holds. While…

Used Car Trade-in Time! Get Rid of a Problematic Old Car Before the Snow Hits

On October 23, 2019 / Best Time to Buy a Car, Best Winter Cars, Buy a New Vehicle, Buying a Car, Buying a Used Car in Ontario, Financing a Car, Prudent Financial, Repair or Replace, Used Car Buying Tips, Used Car Financing, Winter Car Maintenance, Winterize your Vehicle / Comments Off

It’s used car trade-in time! Winter is almost here, and if you’re driving a problematic old car it’s best to find a replacement before the snow comes. We’re digging into the whys, hows, and what to considers for trading in your car before winter. Why: Weigh the…

Halloween Planning Tips on a Budget

On October 16, 2019 / Build a Strong Budget, Financial Planning, How to Create a Budget, Money Saving Tips, Saving Money, Tips to Save Money / Comments Off

Halloween is right around the corner — and if the scariest part of the holiday for you is your budget then we’ve got you covered! The Halloween season comes with a lot of expenses – costumes, parties, candy, decorations, the list goes on. We’ve got tips to…

“They Have Better Rates Than All the Other Companies”

On October 9, 2019 / Positive Customer Reviews / Comments Off

See What People are Saying about Prudent Financial Services! We love seeing positive customer reviews about our financial advisors in Toronto and the GTA at Prudent Financial Services. And lately we have been receiving some great ones. Here’s what happy customers are saying about Prudent Financial Services:…

Be Prepared the Next Time a Financial Emergency Happens! [Video]

On October 7, 2019 / Bad Credit Borrowing / Comments Off

Your roof’s sprung a leak. Water came through. Shorted out the furnace, and the radiator, too. Life happens! And when it does… visit www.borrowwithyourcar.com. Have questions? Call 1-888-852-7647.

In a Financial Jam and Realizing Selling Your House Isn’t That Easy? Here Are Some Options

On October 2, 2019 / Bad Credit Mortgage, Borrow With Your Home, Financial Problems, Getting Out of Debt, Home Equity Financing, Home Equity Loan, Home Equity Personal Loan, Mortgage Financing, Mortgage Renewal, Prudent Financial, Prudent Mortgage Corp, Second Mortgage / Comments Off

We write a lot about dealing with outstanding debt and finding more space in your budget – but what can you do if the problem isn’t your budget, but rather your expenses? It happens sometimes that the cost of living for a person or family may simply…

Twitter

Discover how to get approved for a loan with bad credit! We have all the details plus a FREE eBook on our blog:… https://t.co/H0IaADFXIr 12:43:16 PM November 12, 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.

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.