Archive for January 2020

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The Best Approach to Payday Loans – Consolidate and Never Look Back!

On January 15, 2020 / Consolidating Debt, Consolidating Payday Loans, Debt Consolidation, Payday Loans, Personal Loan, Personal Loan Financing, Prudent Financial / Comments Off

Q: What’s the best approach to payday loans? A: Consolidate them and never look back! Payday loans often seem like a good idea at first. If you need cash fast, they meet that immediate need. But the long-term consequences are not nearly as effective… When you go…

More Financial Solutions Than Ever to Serve You!

On January 8, 2020 / Bad Credit Borrowing / Comments Off

Happy New Year! We are thrilled to be entering 2020. The Prudent Financial Services team wants to make this the best year yet for you and your family. That’s why we’re so thrilled to be offering more financial solutions than ever to serve you. Our financial solutions…

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It’s not too late to see your financial #Goals for 2020! Stuck for what to do? Here are some easy — and effective –… https://t.co/pYzBeFssPD 10:49:00 AM January 16, 2020

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Prudent Financial Services

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Serving the GTA since 1984

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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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