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Who Is Refresh Financial?

Refresh Financial Canada Exposed

Who Is Refresh Financial?

Refresh Financial is a small Canadian company devoted to changing the lives of Canadians for the better. You’ve probably heard a few organizations say that before, though, haven’t you? It’s kind of a buzz phrase. Does it even mean anything anymore when a company says they want to help change lives or is it just marketing fluff?

Well, this phrase actually means everything to us. We’re a people-focused company. In fact, people matter a great deal at Refresh Financial. We don’t just see the power in people, but we push for it. We really fight to bring out that power in each and every one of our clients. We fight for the little guy… and the big guy, and everyone in between. You see, to us, everyone deserves financial security, regardless of age, gender, country of origin or social standing. We see in you, no matter who are, the ability to create security for yourself. All you need are the right tools and a little support.

We’re not promising you effortless riches; we’re not selling some magic solution to all your financial woes. What we do, instead, is guide you through the savings process, and train you to meet your goals. It takes time. It takes patience. It takes work, but by the end of the process, you’ll be well on your way to living with financial security, decent credit, and room to finally sit back and breathe.

So, how does Refresh do this? With a credit building, secured savings program. As you pay into the program, we report back to the credit bureau that you’re making your payments. It’s important that during this process, you manage any and all other credit you may have elsewhere. Doing so will ensure that our positive reports to the credit bureau will help to build your credit score up. Each payment that is made is a boost to your credit and by the end of the process, not only do you get to keep the majority of the money you’ve saved up, but you’ve also got a better credit score.

We know you’re busy. We respect that, so not only have we set it up so that you can manage your Refresh program entirely online, but you also get access to our exclusive online F.I.T. program that you can use anytime, anywhere (there’s internet, that is!).

F.I.T. is Financial Intelligence Training. It might sound a little scary, but trust me, it’s not at all. It’s all online, and available to you, a Refresh customer, through short little videos that run between three to five minutes. You can watch them at your own pace and come away from them having learned a metric tonne about personal finance: from the most commonly believed myths, to successful goal setting, and even how to manage and build your wealth. Only our clients have access to this exclusive financial knowledge base, and only our clients can learn to be a money saving boss while enjoying the comfort of their own couch and the warmth of a cup of joe.

Our goal is pretty clear: we just want more Canadians to have a bright and stress-free financial future.

We’re pretty proud around here. Proud of the assistance we’ve offered to thousands of Canadians, proud to be able to offer you this unique and effective service, and proud to see our clients go on to achieve their financial goals. This isn’t just a great place to rebuild your credit, it’s also a really great place to work. Going home every day knowing that you spent the day working towards financial stability for many thousands of Canadians? It’s absolutely priceless.

I guess, to make a long story short, we’re transformation specialists here at Refresh. We believe in your potential to grow, learn and reach your goals. It’s really, really hard not to believe in the immense power of change when we see so many people do it, each and every day we come to work. No matter who you are, where you come from, or what your circumstances in life are, Refresh Financial has got your back.


Looking For Alternatives To Bankruptcy In Canada

Bankruptcy Alternatives in CanadaGoing for the personal bankruptcy may often be an option that people in Canada think they have to take when they felt severely in debt. However, before taking this route that declares you bankrupt, it’s wise to find out an objective opinion in the view of your financial situation. There are variety of alternatives to bankruptcy in Canada that you can avail throughout Canada in all provinces and territories.

Bankruptcy Alternatives in Canada

Following are the personal bankruptcy alternatives that are available in Canada:

  • Debt Consolidation Loan
  • Debt Management Program (Payment Consolidation)
  • Orderly Payment of Debts (OPD); please find out its availability in your province prior to taking it.
  • Consumer Proposal

You are facing the possibility of personal bankruptcy but are not willing to give in yet; is it so? There are several alternatives to bankruptcy in Canada. Finding out what is right for you is an important task that you can talk with a professional about the options for you. There are trained peoples like bankruptcy lawyers that can help you in making the decision about what alternative may be right for you.

You will find most of the creditors who are willing to work with you because they will make more money helping you solve your debts than to have it written off in a court of law where they will not recoup their losses. In other words they do not want to write of the loans. When you are seeking help to keep from a bankruptcy you will want to either hire a lawyer or a professional negotiator. A professional negotiator can be found at nonprofit organizations for debt counseling. You can also find these individuals online or in the phone book. You will of course want to check references to make sure you are dealing with a reputable company. Those who are in debt know that creditors will send them to collection services that will hound the person. In order to lower stress it is important to have someone field the calls while you are trying to negotiate terms you and the company can live with.

It can be difficult to find the money to afford a bankruptcy lawyer especially when you are already struggling so remember the nonprofit organizations do hire professionals to help you. A credit negotiator can establish a deal for a smaller cash payment to help you settle the claim against you from that company. You may pay less on a monthly basis or you may be able to give them a lump sum to make the company settle without the bankruptcy. This lump sum can have you pay off the debt so you can concentrate on other debts.

The percentage you may have to pay could just be the balance without the attachment of interest if you can pay it right away. They may invoke an Individual Voluntary Arrangement that states you have a certain period of time to pay of a percentage of the loan.

You will want to try alternatives before seeking bankruptcy because it can affect your credit score. If you still have decent credit is behooves you to try an alternative such as refinancing your loans to perhaps one over all loan. You may find a lower annual percentage rate with the consolidated loans and still save your credit.

There are alternatives to bankruptcy in Canada the trick is to know where to find them. You do not want to listen to bad advice so you should seek a reputable company even a nonprofit organization that will give you the advice and guidelines that you want to avoid bankruptcy.

For update and authentic information about alternatives to bankruptcy, you should consider reading here at Office of the Superintendent of Bankruptcy Canada. It’s strongly recommended to adopt best possible alternatives to bankruptcy in Canada that you can afford in relation to your personal financial situation; it’s always in your best interest to check out and find your other options before declaring personal bankruptcy. Moreover, you should consider finding what assets you may have to give up in case you are going to file for bankruptcy and how long it will take to rebuild your credit history after the bankruptcy process is completed.


Linking Your Debt To Solutions

Linking Debt To SolutionsBeing in a debt is not a strange thing because involving yourself in several kind of credit has become a normal way of life today but if you don’t think about how to get rid of being in debt then it’s not a normal behavior; you should always try to think about possible solutions before taking loans and credit cards.

“I owe, I owe, it’s off to work I go”; this is a common and no nonsense personal statement that has been used for past many years. Most of the people that use this statement are saying I am in debt.

When you are in debt, you just have to start linking your debt to solutions. When you think solutions, your mind often opens up to new ideas. New ideas are a guiding that directs you to discovering your possible choices.

Your choices may include:

  • Debt management
  • Time management
  • Debt consolidation
  • Debt counseling and
  • Bankruptcy

The last option (bankruptcy) of course is something severe that you want to avoid, so start thinking about debt management.

Debt management is a structural process. You begin by evaluating your debt. Think of each item you pay for weekly. Once you create a list you commence to eliminating, some of your debt by terminates some of your expenses. For instance, if you pay weekly for cable television, you can save money by thinking of your package. If you spend $10 weekly, which amounts to $50 monthly you may have options to reduce your monthly cable bill. Perhaps you can accommodate to basic cable rather than pay full cost for all features.

Time management, with this you construct a debt management solution. Instead of focusing first on your debt, you compare the time you spend each week to progress. If you spend too much time eating out, you see that by cutting back on dining out you can save money and time.

Debt consolidation is an option, yet you want to explore each company. The goal is to reduce debt, not increase the debt you owe. Some debt consolidation companies will charge fees, hidden fees, high interest, etc to help you payoff your debt. Look for debt management solutions instead of going this route. If you see no other recourse, then check the background of each company you are considering debt consolidation.

Debt counseling is another option. Like debt consolidation options, you want to find a way to reduce debt, rather than take on additional debt. Check the background of each company to make sure it has a good reputation, certifications, license, etc to offer you debt alternatives.

Bankruptcy; as I mentioned earlier, you want to avoid this. Therefore, start linking debt to solutions to find a way to manage your money.

The best alternative is debt management. If you can set up a structural pattern, you will reduce your debt dramatically. Instead of spending time saying, “I owe, I owe, it’s off to work I go” – do something about your debt problem now.

what you need is an information; visit your local library and take out some systematic guides to relieving debt. You may also visit online store to get advice on how to get relief on your debt problem. These resources offer you great solutions that link to debt reduction.


Tips To Stay Debt Free And Rebuild Credit After Bankruptcy Discharge

How to rebuild credit and stay out of debt after bankruptcy discharge in Canada?

Life After Bankruptcy Discharge

How to rebuild credit and stay out of debt after bankruptcy discharge in Canada? Here are some helpful tips you can consider to start rebuilding your credit and or fixing your credit score after you’ve been bankrupt and successfully discharged from hardest financial crises:

Life After Bankruptcy

So you’ve finally been discharged from your bankruptcy, and now you are free to do whatever you want again. The world is your oyster!

But before you grab a bucket and head for the beach, there are a few things you need to know. First of all, a bankruptcy discharge is not a license to shop. That itch to celebrate your new found freedom might almost impossible to ignore, but if you want to stay debt-free, you are going to have to lay low for awhile, especially in the three months after your discharge.

Here’s why: you probably feel like you’ve been in debt forever, but you’re not the only one who knows it. Credit card companies have caught the scent too, and chances are you’re getting applications left, right and center these days. Talk about tempting! The best thing you can do is to throw those applications right into the recycle bin, regardless of how much this or that company says they want to help you rebuild your credit. The truth is they don’t want to help you rebuild; they want to help you get back in the position that caused you to go bankrupt in the first place.

Those ‘high-risk’ cards come with a lot of caveats – the fee you pay to get the card, for instance. Some cards will actually charge you for the card by placing it on your card. So if your card has a $100 limit and it cost you $75 to get, guess what? You only have $75 in credit. Go over that, and get ready for some nasty fees.

So how can you get your life back to normal? Before you do anything else, you have to change your spending habits. Really think about the cost and quality of things and put yourself in control. For example, is it really worth it to buy that brand-name bread when the store brand is just as good and costs a dollar less? It’s a small-scale example, but if you can apply that kind of thinking in baby steps, pretty soon you’ll be able to apply it to everything you buy, no matter how large. So clip coupons, try to buy when things are on sale, and don’t go hog wild when you do buy.

Second, prioritize your bills. Your most important, must-pay-on-time bill every month should be your rent or mortgage. It’s your shelter, and without it, handling anything else that comes your way becomes a lot more difficult. Your utilities are next, because you have to be able to cook and store your food. Your third most important bill might be the telephone, the fourth your cable TV or satellite, and so on. Take an average of how much of your pay check goes for rent/mortgage and bills. Then, set aside a little bit of each check to put toward each bill. It might be tedious, but trust me; it will be worth it once you get into the flow.

The second thing you have to do is save up $500, doing the same as you’ve done for your bills – take a bit out of each pay check. Only this time, open a new account. Once you’ve saved $500, run to your nearest bank and request a secured bank loan for that amount. The bank should have no problem granting your request, as the money’s already there. For the next 90 days, make your payments on time, every time. You will be amazed at how much faster this will build your credit than those high-risk cards!

If you have to use credit, why not do so to your advantage? Here’s how: purchase an item that’s on sale with your credit card. Then, when your credit card bill arrives, pay the item off in full. That’s it! You get to enjoy your new item for a month before you have to pay for it. If you can stick to this, your credit will have nowhere to go but up.

By applying the above tips, your credit will be given a boost at a time when you need it the most – in the first 3 or 4 months after a bankruptcy discharge. You’ve been given a second chance. Don’t give up – you can do it!

Tips to stay debt free and rebuild credit after bankruptcy discharge is a private label rights article that is especially selected to our blog reader.


Refresh Financial Canada Review

Refresh Financial Canada Reviews

Refresh Financial Review

Refresh Financial Canada is excited to announce its success with the program that offered secured savings loans to build your savings that help you save thousands in long term interest costs. Refresh loan is available throughout Canada. Refresh Financial Review is presented in form of facts and borrowing base of its customers that Refresh Financial Canada itself collected and brought forward but every client of this rapidly growing financial company is welcome to share his/her own findings to assist other fellow members looking to get a customer’s own review.

Who Owns Refresh Financial?

Refresh Financial Inc., Canada owns it; please kindly visit the contact us page from it’s official website to find out Refresh Financial contact number, email and address to contact and more information.

Refresh Financial Reviewed Quick Facts

Refresh Financial offers short term secured savings loans, as it isn’t a credit repair service but Refresh loan may help you in improving your credit score by building a credit history provided your payments are made in full and on time.

  • After being enrolled with Refresh for 6 months – 30% have already been approved for a loan elsewhere!
  • 50% of borrowers are using the Refresh Secured Savings Loan to rebuild credit after filing for bankruptcy of consumer proposal.
  • 30% of clients joined the program after consistently being declined for loans with lenders due to poor credit.

Refresh Financial Advantages

These are some of the advantages that will help you understand the Refresh Loan, its easy and will lead you to find out how you can take benefit of Refresh product! Here are a few quick tips:

  • Affordability – Clients can begin building their savings and establishing their credit for as little as $12 per week!
  • No Payout Penalty – Refresh Canada clients can access funds once their equity starts to build. The best part – no penalties!
  • 95% Approval Rate! – No credit, bad credit, bankruptcy – we do our best to help anyone who wants to build their credit.

Refresh Financial Canada has helped thousands of individuals automatically build up savings each month and change their financial future. Join them to obtain credit repair loan in range of $1,200, $2,300 or $5,500 to experience legit and easy financial transaction designed to help poor credit, low-income individuals move forward in life. There is no charge to make your inquiry, contact one of the sales person over there to find out more about; how you can get advantage of the credit repair loan and how does refresh financial work? Learn about the program and if you already have used the refresh financial services; you may please give your own review to help other people looking to get Refresh Secured Savings Loan to establish their credit and savings to improve finances.

You may give your own review about the Refresh Savings Loan;

  • Does it help you to improve your credit history; no credit, bad credit, past credit issues like bankruptcy or a consumer proposal?
  • Does it help you in building your financial savings?
  • Are you satisfied with the loan that entitle you to draw it latter in accordance with your loan term that also includes your financial savings?
  • Do you think credit repair loan from Refresh Financial Canada is better than Canadian secured credit cards (older way to improve credit)?
  • Do you think Refresh Savings Loan is one of the best financial solution that helps you getting your future loans on best rates and terms?
  • Does it bring economical financial solution that you can afford paying off?

As its one of a new financial product of an exclusive, interesting and multiple advantage nature that may attract many of the consumer having new, unestablished credit history, bad credit history as well as people suffering from bankruptcy and or a consumer proposal that need to refresh finances, in relation to its nature, it may attract most of the consumers that’s why it really require many practical answers that only come from its users and consumers; you are welcome to participate in Refresh Financial Canada reviews in your personal words; thanks.

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How To Rebuild Your Credit History In Canada

Looking to improve your credit rating after having bad credit situation due to poor payment history or else, previous insolvency, bankruptcy or consumer proposal. Remember, there is no any quick fix but you can get back on track if you follow the right path. In your situation, the best solution is a prepaid credit cards or a secured credit card that are the easiest to obtain. It can help you to establish or rebuild your credit history, and let you access to credit when you need it.

If you’re a new to Canada having no credit history or if you’re a Canadian citizen trying to rebuild your credit rating for your ruined credit history, it’s not always easy to get approved for a credit card, where secured credit card is an easy to get credit card in all kinds of credit ratings and financial difficulties and its the one you need it to establish or rebuild your credit history. There are plenty of secured credit cards from various banks and non-banking financial companies that are being offered in the Canadian market today. You should be smart in selecting a good secured card as secured credit cards usually require processing charges, application fees and annual fees  where regular credit cards don’t.

Here’s an article that specially selected to reproduce it here from Financial Consumer Agency of Canada to help website visitors looking to get an authentic answer from a reliable source on; how to rebuild your credit history?

Rebuilding Your Credit

Even if you have made money mistakes in the past, you can rebuild your credit history and become a borrower in good standing. It is important to have a good credit history if you want to borrow money. The better your credit report and score, the better the terms of your loans and credit will be (e.g. lower interest rates).

However, you have harmed your credit history and score if:

  • you did not pay at least the minimum balance on your debts
  • you made late payments
  • you went over your credit limit
  • you missed one or several payments
  • you stopped making payments altogether
  • you have too much credit and you use it
  • your debt was referred to collection
  • you made a consumer proposal
  • you declared bankruptcy.

A bad credit report and score can mean you do not get approved for a loan, or you do not receive the best loan terms (e.g. higher interest rate).

How to rebuild your credit history

  1. Apply for a secured credit card. Secured credit cards require you to leave a deposit with the credit card issuer as a guarantee. The deposit is usually equivalent to the card limit, but can be higher. For instance, if you want a limit of $500, you may be asked to leave a deposit of $500. Once you’ve shown that you pay the balance regularly and have built a payment history, you can ask that the security requirement be dropped and that the deposit be returned.
  2. Make at least the minimum payment by the due date. If you cannot pay off your balance in full each month, make at least the minimum payment on each of your debts on time. Late payments will count against you and negatively impact your credit score and credit report.
  3. Do not apply for too many credit and loan products. Having too much credit can also negatively affect your credit report. Keep your available credit at a minimum. Do not fill in too many applications for credit and loans because every time you do, your credit history is checked. Each credit check can affect your credit score.
  4. Review your statements. When you are in debt, avoiding your monthly statements may cost you. Mistakes happen and you only have a limited time to correct them. Always review your statements to make sure there are no transactions charged in error and that your payments are recorded correctly. Report any mistakes as soon as possible.
  5. Check your credit report annually. You are entitled to receive a free copy of your credit report annually from each of Canada’s two credit rating agencies, Equifax and TransUnion. Check your credit report annually for errors and get them corrected as soon as possible.

Prepaid cards do not help you build credit. You may choose to use a prepaid card as a payment option, but its use is not tracked by the credit rating agencies.

Productive Suggestion: Use credit responsibly

“There are no quick fixes to repairing your credit history. You have to prove you are a responsible borrower to lenders, and that may take time. Whether you are rebuilding your credit history, or trying to maintain a good credit score, you should always use credit responsibly.”

Alternate to secured credit cards to rebuild your credit history

How to repair your credit in Canada or rebuild your history? In the past secure credit card is the only option available but now Canadian market is offering another innovative alternate to establish, and or rebuild your credit history is a Credit Repair Loan that also works in bankruptcy and consumer proposal issues beside don’t overburden their customers in relation to high interest rate secured credit cards that ask for the cash “upfront” at the time you receive your credit card. As many of such consumers trying to rebuild their credit may have a difficult time doing so.

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Paying Off Debt vs Savings

Debt vs SavingsWe’re sick of hearing about the tough times that we’re living in. It was a good few years ago since the market crashed, and as people continue to look for solutions the debt or savings question can be a frequent debate. But, which makes more sense – paying off debt or savings? And how do Canadians go about defining their long-term financial policy?

Really, this is a no-brainer if you’re thinking about it off the bat. Getting rid of any debts that you have ensures that your possessions are not at risk and you know that you can’t be hit with a big interest bill. While it may feel nicer to have a few thousand dollars saved up, you have to think that money will be saved long-term if your debts are paid off now. But, when times are tough, we like to save. Debt vs Savings is what that financial industry pay most concern, let’s see how it help an ordinary person in getting a right path towards a better financial future.

Saving in Canada

The Tax Free Savings Account that was announced last year was applauded as a novel approach for helping the population to save. Receiving tax benefits, you are able to save up to $5,000 a year so long as you are aged 18 or older. What this meant to Canadians is that a substantial amount could be saved up – tax free – and this was big news.

But, what it also meant was that people started to take a look at GIC Investments. With the market crashed and more unpredictable than ever before, the stock market wasn’t the answer and Guaranteed Investment Certificates with their guaranteed return seemed a solution. What this meant is that taking the time to save in this way was financially rewarding for citizens creating an emergency fund.

How does this help the credit card problem?

Whether you like to save or not, there’s going to come a time when your debts need paying off. By getting a guaranteed return on your money, you will have a fund to call on, but what tends to happen is that the debts will soon pile up. So, while you stockpile in one place be sure to keep an eye on what is going on elsewhere on an issue to get an efficient decision while comparing between paying off debt vs savings in Canada.

Interest rates are your worry here, but if you can find the lowest APR and BTR credit cards online you will be able to move all your debts to make them more manageable. By planning an attack on your debts you will always be better placed to beat them. While we all want to be debt-free, paying them off can seem a thankless task. Two options include:

  • Change your outgoings – While this may sound obvious, it’s the easiest way to make a break towards being debt-free. Savings are important, but not when you have debts to pay. What you first need to do is use a service to enhance any saving accounts, lower what you need to pay on your credit cards and cut money from your mortgage rates. By cutting dollars off your monthly outgoings, you will have more to chip away at debts.
  • GIC Investment Loan – A great way to kick-start your savings, get money to fight your debts and boost your credit rating is through using a service like Lend It Financial. What you can through this method is re-establish credit history by getting a loan that is insured and invested into a GIC. From here you build a profile and earn money off your investment for an interest rate of around 12% from the company.

It’s funny how much better we feel knowing that there’s an emergency fund in a savings account, but by paying off debts now you will spend less in the long-term. While the right answer changes depending on circumstances, there are many things we all can do to lower our credit card debts to enjoy savings to hold for our future or invest it where it better grow.


Where Can I Get A Loan With Bad Credit In Canada That Help Me In Fixing Credit While My Savings Grow?

Get guaranteed bad credit loans Canada through credit repair loan that will help you in fixing credit beside your savings grow. Rebuild your credit with no or bad credit in Canada. Re-establish credit from bankruptcy and consumer proposal.Today there are thousands of people in Canada who are suffering with poor credit situations and desperately searching online for bad credit loans Canada in a hope to get loan on best rates and terms. Most of the online lenders deal in high rates short terms loans that clearly means borrower can end up asking for a very bad credit loan after one in case he/she doesn’t afford it on first place. Although in such situation, secured loan option mostly works but for those who have some assets to pledge.

Your credit history is the major factor that determines not even interest rates but approval of your loan. A good credit rating is required to obtain lenders best rates for mortgage loans, personal loans, credit cards and other kinds of credit facilities. There is a significant difference between no credit history, also known as an un-established credit and bad credit history, but when applying for a loan, most of the lenders adversely treats both of these credit situations nearly same way. That’s why it’s important for all the borrowers to establish their creditability first before applying for loans and if you are suffering from bad credit situation then you have to re-establish your credit rating by fixing bad credit and improving your credit score. Can I get a loan with bad credit in Canada that helps me in fixing credit while my savings grow? Yes, through GIC Investment Loan, it offers value added options to people looking for bad credit loan in Canada; you can get a loan with bad credit through Credit Repair Loans that can turn your bad credit situation into good one while fixing credit and building up a savings account for you to secure your future.

Comparing available bad credit repair Canada options with the GIC Investment Loan that may help an individual in establishing and fixing credit:

As there are various types of financial help available in the market today that can fix your credit and prepare you to get bad credit loan Canada, but the most famous and widely used way to repair credit that people have been taken in the past is a secured credit card, it can help you in fixing credit and can remove your bad credit history to obtain a best rate loans in future but most of these cards holds high rates and demand cash “upfront” before receiving a secured credit card for you.

Can I get a loan with bad credit in Canada that helps me in fixing bad credit while my savings grow through secured credit cards? No, although a secured credit card can help rebuild bad credit but it will not provide you bad credit loan, in the past one of the only options to rebuild your credit was getting a secure credit card, what it basically do; it help you in demonstrating your perfect repayment history to all the major credit bureaus by involving your money and efforts with its assistance to work on at least two or more accounts for a certain time that may take two years or so. There are variety of financial institutes offering secured credit cards that you can easily get and use them to do the job like Home Trust’s , TD’s or else. But when we look at the reality of a bad credit borrower’s financial situation it felt that applying for a secured credit card to re-establish, re-build or repair credit profile seems to be another burden because these cards typically charge high interest rate and fees as they are secured and also require the borrower to come up with the cash “upfront” before receiving a credit card. Although, it will improve your credit score to obtain a loan but on high initial expenses that you have to wait and watch to come up with a status where you can apply for lenders fast approval on best rates in Canada.

GIC Investment Loans (Credit Repair Loans)

What is a GIC investment loan? Also known as GIC loan, GIC savings loan or Credit Repair loans! It’s a new concept of financial relief that has been introduced by LendIt Financial through GIC investment loan or best described as a credit repair loans, although it’s not a credit repair company but helping Canadians to build better financial future, what it asks borrowers to pay fix amount of regular and affordable monthly payments against its credit facility, these payments are then reported to the credit bureaus to help you in building and maintaining your perfect repayment history; if you follow, you will observe a noticeable improvement in your credit score in short span of time. Invest your loan in a secure GIC (Guaranteed Investment Certificate) today! No problem, if you have little or no credit, bad credit or even very bad credit history and or past critical issues like bankruptcy or a consumer proposal, it allows you to jumpstart your financial savings, earn interest on your investment while fixing and re-establishing your credit.

Can I get a loan with bad credit in Canada that helps me in fixing bad credit while my savings grow through GIC Investment Loans or credit repair loans? Yes, it not even provides loan for people with bad credit in Canada but also help fixing bad credit score with an intension to prepare such group of needy consumers either having new or critical credit history to apply and get best rates for all types of future financial credit requirements and loans like personal loan, home loan, car finance, credit cards, and other.

How Lendit GIC Investment Loan Works

  • Your loan is automatically invested into a GIC in your name.
  • Your investment is insured by the CDIC to keep your money safe.
  • Your repayment history is reported to credit bureaus to help building your credit rating.
  • Your loan interest rates are only 12.99% per annum, much lower than secured credit cards or bad credit card loans available in the market.
  • Your loan is offered with three options to fit your budget: $2,300, $3,200 or $5,500.
  • Your loan permits you to access cash during the term of your loan that based on the equity you’ve built up in your GIC.
  • You get full access to your GIC plus interest at the end of the loan term.
  • Moreover, Lendit GIC Loans are available even if you have not been discharged from bankruptcy or are still making payments under a consumer proposal.
“Based on your financial goals, you can choose a loan that’s right for your goals; save for a vacation, education, payoff debt, or put a down payment on a home. Lendit’s GIC Investment Loans currently offer, Credit Brite Loan for $2,300 on 3 years term, Credit Brite Loan Plus for $3,200 on 3 years term and Credit Brite Home Loan for $5,500 on 5 years term on affordable fixed monthly payments on amortization basis (GIC principal + interest you’ve earned during the term) to help you jumpstart your savings plan while you re-establish your credit history in a financially safe way.” It’s simple and easy to apply online and your approval can be obtained within 24 hours. For more information, terms & conditions and guidance you should visit the official website.Get LendIt Financial Credit Repair Loan Also Known As GIC Loan, GIC Investment Loan and Saving Loan, Helping Canadians build a better financial future.

Lendit Financial review has been written with an intention to help those individual require bad credit loans but facing no credit or poor credit situation. Where it not even provides affordable savings loan to borrowers having any type of credit history but also help them to establish and maintain their credit through the successful repayment of their loan. Fixing bad credit or establishing new credit will definitely improve creditability of an individual to enjoy all the future benefits as a good credit holder. Where providing comparison with the other credit repair Canada options available in the market today, is to highlight those special features that make it unique with the rest of others in the row. Either you may not have any credit history and looking for no credit loans like a new Canadian or may have been suffering from negative credit rating even like bankruptcy, and or making payments under your consumer proposal. This financial product can help you in providing you with reasonable loan amount for 3 to 5 years terms on affordable fixed monthly payments beside opening up a GIC investment account on your name will enhance your personal financial creditability to enjoy better financial future. You can get a loan with bad credit in Canada from Lendit Financial that will help you in fixing credit while your savings grow!


Canadian Family Debt-To-Income Ratio Hits Record High

Do you know your debt-to-income ratio? Find out and know your creditability and if its worst like most of the Canadians then improve it without delaying.Does the year 2012 of borrowing trouble? Family debt-to-income ratio hits record high in Canada! Debt rises 78% in last 20 years, according to The Vanier Institute of the Family 12th annual assessment of Canadian family finances report; the average Canadian family debt including mortgage loan has reached $100,000. The average Canadian family debt-to-income ratio has now hit a record 150% that means Canadian families owe $1,500 for every $1,000 in after-tax income. We are not going to discuss here about what happens next year, because it comprises lot of inside economic indicators and out side world crises as USA and UK are also reflecting nearly same negative trend. Yes, we have got a positive thing with us that benefit all the individuals, we still have a very low interest rate in Canada and it feels that Bank of Canada want it to continue it’s low rates in 2012. Time will definitely disclose about the report how much it compares of apples and oranges. Dealing with a high debt to income ratio is not very difficult and as a sensible individual you have to safeguard your personal finances by reducing your extra spending and saving for the future, and you can do it. Lets discuss our monthly personal and household spending in relation to our income that demands us to reduce our debts with a productive option of saving into investments.

Simple spreadsheet that will help calculate your debt to income ratio.Do you know your debt-to-income ratio? People usually want to use the debt to income ratio calculator, although Its a simple calculation that an individual can do it by using excel spreadsheet or by hand, it will help you in finding out how much you’re paying in relation to your earning each month and whether your ratio of debt to income is acceptable or high. Debt-to-income ratio is a percentage of your income you owe in debt or debt payments and its one of the best ways to know whether a person is in a good or bad financial position. You require a good financial position to borrow money, spending too much on debt and other financial commitments will result in bad credit, it will drop your creditability and a chance to get credit when in need. All the banks, financial institutes and lenders require your debt-to-income ratio to determine your ability to repay debt, lower ratio means you hold better chances of repaying your debt. Where higher ratio means you would consider being a credit risk that could result in dis-approval of your loan or mortgage. There are various lenders specially dealing in mortgages also calculate Gross Debt Service Ratio (GDSR) and Total Debt Service Ratio (TDSR) to analyze your affordability to take an additional debt. In view of various financial experts, your debt-to-income ratio should not exceed one third of your gross income.

You probably have taken some kind of debt in your life and it’s quite normal, whether it’s a mortgage, credit card, car loan, student loan, payday loan, personal loan, or any sort of due bills you may have. Debt can be divided into two types in relation to rate of interest, high and low interest rate debts; Where credit cards and payday loan debt belong to high rate of interest and these are the debts you should always consider to pay off as soon as possible, preferably before due dates, that way you can save your self from getting into speedy and extra debt burden.

Reducing your debt mean saving that you can further invest to get more future benefits, there are great number of individuals that prefer investing their money into government backed investment offers to get high interest savings programs like Tax Free Savings Account (TFSA), Registered Retirement Savings Plans (RRSP), Guaranteed Investment Certificates (GICs), Exchange Traded Funds (ETFs), Stocks, Bonds, Mutual Funds and other to enhance and save money for various future tasks and most probably for retirement purpose. Here you can get benefit from your lower rate debts while investing them into those investments, which deliver higher returns. It is further advisable to all the individuals to consider all the factors before making decision to go with these benefit programs because there are two possible things you must consider; you should calculate difference between your investment rate of return and interest rate over your various debts. A positive difference between two will help you in making your decision, if paying off debt would help you in reducing your financial burden while enhancing your monthly saving amount then it’s a best deal to consider.

Personal debt management is not difficult because you can easily manage your own debts according to your situation and priority but if you follow the ways how professional debt consultant do it, then their suggestion help you a lot in many ways like;

  1. Start paying off similar kind of debts of smaller in amount and interest rates, it will reduce your burden having various credit and you know these kinds of debts are easier to pay.  After paying off one debt individual can get more satisfaction and courage to start concentrating on the next debt amount to be paid.
  2. Paying off one big value debt having higher interest rate like credit card repayment require your most urgent attention, as you know interest occurring from the credit card is very high and payday loan late payments can charge you with penalty and high fee, don’t delay in paying off these expensive debts. This strategy will definitely enhance your satisfaction, creditability and more handy cash that let you concentrate on the other debts to reduce.

As an individual you have variety of options but choosing one best may determine by your own convenience that’s why go with the option that satisfy you a lot. If you are facing poor credit rating, you will observe when you start paying off debts to your lender, your credit rating will improve having lesser debts. It will also help you in getting your desired low rates big loans for your various types of future investments.

If you’re struggling with your credit card debts and other high interest rates debts and want to adopt better ways to manage your finances then credit counselling could be a right solution for you. You are also advised to consult with your debt consultant; there is variety of debt relief Canada websites available online today where you can get free debt help and analysis, and if it satisfy you, you may ask them their full help.

Lowering down your high debt-to-income ratio is not an easy task, but you still have a great option to lower it accordingly because its not in hands of other than you, take responsibility of your personal finances, educate your self, control your spending habits while purchasing smartly only things you need most, stop your frequent credit cards usage. You will be surprised yourself to find out about how changing your habits will improve your money management skills and help you reduce your debt.


How To Get Out Of Payday Loan Debt Is What To Consider Before Applying For A Loan

There are lots of places online where great number of people usually asks about; “how to get out of payday loan debt”, although this is a question that should always consider before applying for a loan. Nobody will go into such a miserable situation where it becomes impossible to return the loan, if borrower understands what does payday loan stands for. Payday loan is not a regular form of credit that basic financial institutes recognize and favor that’s why banks don’t deal.

Payday loan Canada is an exclusive option of getting instant cash when financial emergency arises but getting an instant payday loan also means getting into instant debt because most of the payday loan borrowers don’t usually have enough money to payoff the full loan amount at the due date. This kind of situation cost extra payments to extend the loan and such kind of debt cycle may continue till loan is not fully paid off. It may also compel some borrowers to apply another payday loan to pay off the existing payday loan that means going into an unaffordable and bigger debt cycle. Although there are some financial companies that also offer a payday loan debt consolidation but it also require another extra charges to hire such kind of debt help service. Don’t let this kind of payday loan mess ever happened to you, always try to pay off your payday loan as fast as possible.

What to Consider Before Applying For a Loan

How to get out of payday loan debt is a critical situation, you can get variety of debt relief solutions from great number of debt settlement companies working these days but it is not feasible to take it on the payday loans especially because its not feasible to take it on your short term loans, always try to avoid it. There are many factors that require considering before applying for a payday loan.

1. Do you really need a payday loan? Always borrow what you afford

Its one of a basic question that you should ask carefully because you know how much you need and how much you afford. As you know payday loans are expensive that’s why don’t exceed your borrowing in relation to your affordability that you can easily spare the funds to repay the loan on the due date until your next pay cheque. If your regular monthly income is not sufficient to pay off the loan, then you need to think prior to getting a loan about, how to arrange extra money to get rid of the loan in full and to avoid further costs and charges?

2. Have you considered other loan options? Alternatives to payday loans work great

As you know payday loans have an expensive nature that’s why it’s important to utilize other options to payday loan alternatives in getting the required cash. It may be your family members, friends or even your own employer that may help you in providing cash you need. You are advised to look into these kinds of inexpensive arrangements.

3. Is it the first time you are applying for a payday loan? If not, go with your same payday loans lender you already dealt with

If you’ve already taken out a payday loan, it’s probably best to use the same lender again! You will get more money, saving and a quick loan approval than if you were a first time applicant as you’ve successfully established your credit history with the lender already.

 4. Avoid payday loan rollovers

The payday loan process can fast and easily get complicated while making your personal debt miserable, don’t rollover your loan because payday loan lenders charge a high fees and interest on all these rolling over loans where it have been taken to extend your existing loan or pay back the first payday loan with the same lender.

How to get out of payday loan debt, is not written here in a way in which it will give you some effective ideas, ways or tips to get debt solutions for your financial problem but its written in a way in which you could understand the nature of this payday loan where it only allow you to take credit for what you can easily payout from your monthly income and if you know how to manage your short term financial liabilities efficiently this payday loan or cash advance will bring you a financial freedom for your unsecured personal loan; short term cash requirement, emergency need or what so ever for future to come.

From all of us at eLoan Canada, we wish you and your family a very happy new year and Xmas that will bring all of your wishes come to life with full social and financial support with great creditability.



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