Installment Loans Explained by Magical Credit
More and more Canadians are turning to installment loans as high-interest payday loans continue to build a bad rap in the alternative financing world. In this feature, Magical Credit explains installment loans, a better alternative to the familiar payday loan.
Magical Credit Makes the Hectic Holiday Season a Little Easier
Unlike other Canadian lenders, Magical Credit does not make applicants jump through an unsightly amount of hoops in order to be approved for a simple quick cash loan. When it comes to the holiday season, this difference is paramount for consumers with apparent bad credit.
Peer to Peer Lending in Canada
Peer to peer (or P2P) lending in Canada is the financial fit for borrowers in need of cash for any number of reasons. Read all about P2P lending at Smarter Loans.
What Is A Line Of Credit?
A line of credit is a flexible loan for a predetermined amount. You use it more like a credit card and don’t start to pay payments or interest until you decide to use the credit available to you. Once you tap into the funds, you pay monthly payments. You can use as much or as…
What Is A Personal Loan?
If you find yourself in a situation where you’re a little short on cash, taking out a personal loan might be the perfect solution to help keep you on your feet in the short term. Personal loans are perfect if you’re looking to start a home improvement project, paying off a large overdue bill, or…
easyfinancial offers borrowers more than cash – it offers a “second chance”
In a country that owns the bragging rights to having the highest household debt of any G7 nation – and with a glaring need for loan options, personal lender easyfinancial steps in to help those Canadians who have been turned away by big banks.
Borrowell Finds Early Successes With All-Star Backers
The startup’s star studded team of investors and advisors includes former Dragon on CBC’s Dragons’ Den and author of the Wealthy Barber David Chilton, former dean of the Rotman School of Management Roger Martin, and the president of the Ranson Group, Sharon Ranson.
“They have to find the capital, and you know that anybody providing the capital, they have to be incredibly thorough in their due diligence to make sure the Borrowells of the world are well run, have the proper security in place, have a great management team and so on,” said Mr. Chilton. “They’ve done an excellent job in that and in establishing a lot of relationships.”
Prepaid Debit vs. Credit
You like the convenience of online shopping but don’t have a credit card? Or maybe you have a credit card but don’t like using it to make online purchases. Not to worry. Prepaid debit cards are a great alternative and, in many ways, even preferable to using credit cards online.
The How-to of Payday Loans
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.