Apply For Secure Payday Loans Canada

Tag: Canadian Consumers

Buying A New Car Or Repairing An Old One! What Makes Sense During Troubled Time

Summer always made skill labor shortage in Canada in relation to consumer direct response for domestic, household or business, because majority of people are busy doing their repairing and improvement work to their homes, offices, factories, machinery, buildings, fittings, fixtures, etc., although this car repairing goes all the year because we can’t afford to stay without the transport to run our daily life most importantly we need cars to get to and from our work. But this summer brings this car repairing to extra boost in relation to its normal practice. Automobile garages have seen a rise in business over the past few months due to this car repair phenomenon that brings the fact to enlighten, that this car repair business might be one of the few businesses that are recession proof.

According to a recent U.S. based survey prompted by AAMCO Dealers Association based on their study findings that “consumers clearly prefer maintaining and repairing their cars rather than buying new ones” (Reuters). It further states, “buying a new car is a major investment but it doesn’t seem to be a better option at this time for some consumers because of the troubled economy and uncertainty in the job market” (Reuters). For most of the consumers, repairing an existing vehicle is a much better option to afford during this global economic turndown because it requires fewer expenses than purchasing a new one.

Making necessary amendments, adjustments and repairing to existing automobiles makes a lot of sense during these tuff times. Canadian consumers are bringing their used cars to repair centers rather than purchasing new ones. Although car financing gives options of saving and affordability but for some consumers car repair financing is better solution. The good news is that some private lenders are now issuing car repair loans in Canada that proves to be lifesaving in this economy.

Most of the consumers’ take these Auto Repair Loans are typically for:

  • Emergency repairs and accidents
  • Last minute repairs such as brakes, exhaust, suspension parts and more
  • New tires purchase to keep your car safer on the road
  • Necessary repairs, alterations and improvements to your car’s engine, transmission or else

Car repair loans do not require a good credit history, even having a bad credit history brings you more than 50% of your car’s value in your hands most probably same day you apply, though they do often require a car ownership. Anyway, car repair financing looks to be a much wiser solution to an aging car problem. This doesn’t also mean that you can only get financing for your car’s repair but you can get repairing opportunity on your all sort of automobile like trucks, buses, yachts, mobile homes and etc.

More consumers are neglecting to purchase new cars. Instead, consumers are attempting to save money by repairing aging cars. Lack of cash flow now can’t turn you down because repairing one’s car is an all-around better option by paying less cash you can afford or adopt the unique car repair loans or car repair financing option against your used and old automobile without paying a single dime. These repairs loans are flexible and repayment can be based on your preferred payment schedule and payments amounts.  Repayment is done by pre-authorized debit to your existing bank account.  No need to run around paying bills and carrying cash.

My car parking lot consists of eleven cars from my neighborhood, from last few years it doesn’t exchange with the new car as usual, believe me from last three years only two new cars were added up, one was financed and other was purchased for cash. Last Sunday Uncle Tom, my neighbor teased me while looking at my vehicle “oh still you are driving an old one” I replied yeah, because I don’t think painting a different color will make a sense for me, yes I know you got your old car with a new color that your car company has announced for its upcoming new model which you have changed in advance, it’s a smart move but you still hold an old one! he replied nothing but “Oo oh hh yeah hh” while keep looking at his own car. 🙂

Get Car Repair Loans in Canada! Click here for immediate approval online


The History of Payday Loans in Canada

Beginning of Payday Loans in Canada

Payday loans in Canada have become most search-able term in the search engines today, even a payday loan itself give you results for payday loan Canada along with the search suggestion tag in yahoo separately denotes the importance it holds. Anyhow, The history of Canadian payday loans is not very old but the last decay has brought this unsecured short-term cash advance into reality beside nearly at the same time when American consumers are familiarizing themselves with the payday loan in United States.

There were the time when people from Canada really feel hard to fulfill their emergency and unexpected expenses like auto repairs, rent due, add up the remaining balance to complete a written check, phone or utility bills. These surprise but small expenses really cost big problem mostly when it comes at the end of the month when every thing of our financial solution depends on the upcoming next paycheck or any regular income in due course.

These types of small-unsecured loans are typically unavailable through banks or other conventional financial services and institutions because their financial structure and environment doesn’t afford and interested in originating $100 to $1,500 non-secured small loans. Looking up an unfulfilled consumer demand and international trend, our legislators realized the need of payday loans in Canada for consumers to secure small-sum short term credit, emergency loans, with little or no red tape involved, the payday loan industry first emerged in Canada in the mid-1990s.

Since the mid 90s, the payday loan industry in Canada has grown rapidly to an estimated 1,350 retail outlets across the country. The passage of new consumer finance opportunity has opened the doors to this highly lucrative business. There is an estimated two million Canadian consumers a year who apply payday loans in Canada through these payday shops, number of consumers are improving so do the payday loan lenders in Canada.

Payday loans Canada is one of the top priority products that Government of Canada is working on to create it more suitable for consumers throughout all the Canadian provinces and territories. Canadian Criminal Code has already proclaimed as a criminal offense if charged rate of interest is more than 60% per annum beside regional rules and changing are still in the process for payday consumer’s to benefit like high quality, confidential service, convenience of the payday loan store locations, and the extended hours of operation. History has created the product of need and practice will definitely add up value through better amendments to improve and highlight latter.

 

Looking for Payday Loans Canada! Click hereto apply instant cash advance loans anywhere in Canada.



Get Up To 50% Off Daily Deals Canada!

turbotax
Turbo Tax Canada is #1 Best Selling Tax Software in Canada!

Refresh Financial Canada
Save Money, Build Credit and Change Your Financial Future in Canada!

Canada Auto Finance - Canada Car Loans Get Approved For a Car, Truck, SUV or Minivan Loan at Canada Auto Finance Today!

Canadian Best Mortgage Rates
Compare Canadian Mortgage Rates From Banks and The Top Brokers Free!

Canada Foreclosures and Bank-Owned Homes at Massive Discounts
Canada Foreclosures and Bank-Owned Homes at Massive Discounts!

Meet Christian Singles!
Pay down your debt! These no annual fee credit cards can help you in reducing your credit card debt. Compare and find the best MBNA Canada credit cards of your choice:
MBNA Platinum Plus MasterCard
MBNA TrueLine MasterCard



  • Archives

  • Copyright © 1996-2010 eLoan Canada. All rights reserved.
    © eLoan Canada | Bad Credit Personal Loan Canada | Car Loan Canada | Free Stuff Canada
    iDream theme by Templates Next | Powered by WordPress