Private loans come in all shapes and sizes and can be used for many purposes. They are termed private because the proceeds do not come from a government entity (common with student loans), or banks and credit unions (as do many business loans).
here are many types of personal loans available today which enable borrowers to choose from a wide variety of funding options. Choices include small loans from friends and family to larger loans to finance ventures such as education or starting a new business. Flexibility in lending, in addition to more financial products, makes it easy to find funds with payment terms to fit any budget.
Winter holidays are expensive. Let’s assume you are reading this because you’re thinking about looking into payday loans in Canada. If this is you, count yourself among the tens of thousands of Canadians who probably need money in a pinch to cover unexpected expenses in a hurry.
Often these are also referred to as cash advances or payday advances, although they are often used in regards to credit cards as well. These businesses advertise on television, online, on mailbox fliers, or other means to reach those customers who can just barely make their bills.
If you find yourself in a tight spot between paychecks, a payday loan may be a good solution but be extremely careful – it is easy to get sucked into something called a ‘payday loan cycle’ – at it can be vicious. These loans will spot you a little cash for the short term (1-2…
The family car breaks down. The furnace is on the fritz. Whatever the reason, you’re in need of a small dollar, short term loan. You’ve heard about payday loans but have never applied before and you’re wondering how to go about it.
Salary or payroll loan, small dollar, short term or cash advance loan – these are just some of the most common names given to payday loans. Payday loans are short-term, unsecured loans or cash advances against a borrower’s employment salary or other source of income.