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Financial Counselling in the GTA: When it Might be Time to See a Professional

On May 3, 2017 / Financial Counselling / Comments Off

Canadian consumer debt is a growing issue, and many individuals struggle on a daily basis to keep up with their bills and debts. When debt builds up to a point where you are losing sleep, it may be time to get some financial counselling. Finances can be…

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Getting out of debt doesn’t just happen on its own. @PattieCTV shares 10 things you can do today to start getting b… https://t.co/l5NR2JdIpQ 11:00:02 AM June 21, 2018

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Prudent Financial Services

Business Hours

Monday to Friday
9am - 5pm

Saturday
9am - 1pm

Sunday
CLOSED

Serving the GTA since 1984

Toronto
Etobicoke
Scarborough
Mississauga
North York
Brampton
Ajax
Barrie

Burlington
Hamilton
Whitby
Pickering
Kitchener
London
Markham
Oakville

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.