Articles About Personal Loans

Lending Mate Helps Canadians Get a Loan With a Little Help From their Friends

Rather than considering the credit rating of the borrower, Lending Mate provides guarantor loans, which only requires the borrower to have a qualified friend or relative vouch for their ability to pay it back.

Guide to Getting a No Credit Check Loan

Misfortunes such as sudden job loss, poor health, and the death or illness of a spouse do happen, oftentimes quite suddenly. At times like these, monthly bills continue to come in the mail; food and other necessities won’t wait either.  When these problems arise, even someone with good credit for many years can find their finances in shambles. These types of scenarios present the need for a loan without a credit check.

Ferratum’s Finnish formula for success in Canada: winning business mantra, pioneering technology, and the Jorma Principle

Ferratum made its first footprint in Canada in 2015. In three short years, they have served more than 20,000 Canadian clients in Ontario, Alberta, and British Columbia — and they’re showing no signs of slowing down.

Searching for a Loan Online

Searching for financing and banking products, such as loans, is a breeze for anyone with online access. Borrowers whiz through the process of finding a lender, applying for a loan, approval, and cash-in-hand -sometimes in a 24-hour period. Online lenders are alternative providers of secured and unsecured loans. And they have become stiff competition for…

SkyCap Financial Wants to Help Clients Get Back to Borrowing from the Bank

While some short-term lenders seek to keep their customers on a cycle of payday loans with high interest rates, the Kingston-Ontario based alternative lender strives to get its customers back to borrowing at lower rates from the banks. “The goal for us is to help that client to not have to borrow with us,” said SkyCap Financial president Jeremy Wilson. “We want the client to get back to being able to borrow with a bank.”

Guide to Getting a Personal Loan from a Private Company

A personal loan is an ideal solution for people who need quick cash to cover expenses due to any number of issues. They can be used for anything from bills or educational costs to major ventures such as home improvement. A personal loan from a private vs public lender poses a unique set of circumstances.

Installment Loans on the Rise as Payday Loan Rules Tighten

In early May, Toronto was the latest of a host of municipalities to crack down on payday lenders. They imposed bylaws to restrict business activities by limiting the number of physical locations and requiring operators to be licensed. Meanwhile, the Ontario government had already decreased the cost of a payday loan from $21 to $15 this year.

Comparing Personal Loans

As the name suggests, a personal loan is used for individual needs or wants of the borrower’s choosing. Unlike a mortgage or boat loan, it is not approved for a specific purpose. People take out personal loans to pay for vacations or weddings, for instance. Other reasons borrowers get them are to make home improvements, consolidate credit card debt, or if money is needed for a sudden emergency.

Making the Holidays Magical

The holiday season creates pressure to spend—but many people find themselves short of cash. Either way, the children still need their prezzies and people still want to make the holidays a special time for their families. With flexible short term loans, Magical Credit gives Canadians a better financial option to get through the spending-heavy holiday season.

Financial Literacy - Smarter Loans

Financial Literacy and Well-Being is a Year-Round Mission for Borrowell

One of the country’s leading fintech innovators, Borrowell is committed to helping their clients better understand their credit health by offering them the option to monitor their credit scores on a monthly basis – the first company in Canada to do so for free. They also provide free educational tools, such as a seven-week email course, to help customers learn and understand what they need to do to improve their score.