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Archive for December 2019

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Rebuilding Credit: Make Your 2020 Resolution a Better Credit Rating

On December 30, 2019 / Credit Rebuilding, Credit Repair in Canada, Financial Planning, Fixing Your Credit, How to Rebuild Credit, Prudent Financial, Rebuilding Credit / Comments Off

The New Year is upon us – do you know what your New Year’s Resolution is yet? Whether you have an idea or not, we’d like to make a suggestion: how about rebuilding credit as your resolution? Many times people resolve to balance their budget, pay down…

Last Minute Holiday Loans – Cash Same Day

On December 18, 2019 / Emergency Christmas Money, Happy Holidays, Holiday Spending, How to Get Approved For a Loan, Loan with Bad Credit, Personal Loan, Personal Loan Financing, Prudent Financial / Comments Off

The holiday season is full of fun and festivities, but if you’re not careful it can be full of something else, too — bills. Holiday debt piles up as quickly as the snow on the lawn (sometimes quicker!). Between the presents and the decorations and the travel…

Happy Holidays from Prudent Financial

On December 11, 2019 / Happy Holidays / Comments Off

Happy holidays from the Prudent Financial Services team! We hope you enjoy the season and time spent with family and loved ones.

The Bank of Canada Interest Rate is Staying the Same for the Rest of 2019

On December 4, 2019 / Bank of Canada Interest Rate, Canadian Consumer Debt, Canadian Interest Rate, Credit Card Debt, Credit Rebuilding, Financial Planning, Getting Out of Debt, Holiday Spending, Interest Rates, Mortgage Interest Rate, Prudent Financial / Comments Off

Start Your New Year’s Financial Planning Early! The Bank of Canada interest rate is officially staying at 1.75% for the rest of the year. On December 4, 2019, the Bank of Canada (BOC) announced the interest rate would remain the same for another month. This marks no…

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Why is keeping a good #CreditScore important? It goes beyond access to financing. See the answer on our blog & ho… https://t.co/vkwbCUPrj0 about 3 hours ago

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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.

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