How To Get Out Of A Payday Loan? Payday loans are eligible for debt consolidation but it is important to break the cycle early before it gets out of control. First review lower interest rate options; a line of credit, a cash advance, vacation pay out, an overdraft, bank loan or simply borrowing funds from family or friends. If none …
A Credit Score is a statistically derived number that lenders use to indicate your credit worthiness. Your Credit Score will be listed on your Credit Bureau Report from Equifax and Transunion and be anywhere from 300 (Very Poor) to 900 (Very Good).
When someone is in need of funds for various reasons such as Debt Consolidation, Renovations, Travelling, etc.
With the understanding of how many people are struggling financially during this pandemic, Consumer Credit Counselling has been able to remain open to help clients with their finances.
A Payday Loan is a short-term cash lending solution. You can borrow up to $1,500 to help with short-term financial difficulties before you receive your upcoming pay cheque. In most cases, the payday lender will deposit money in your bank account or give you cash. How much will a Payday Loan cost? Payday loans come with high fees and a …
In most cases, student loan debt is not added to a Debt Consolidation management plan. The only exceptions to this are if you have been denied a Loan Rehabilitation, or the debt has been sent to Collections.
I’m struggling with the repayment of my Canadian student loan. In this economic climate we are hearing this more and more.
“How do I pay off debt fast?” This is one of the most common questions we get from clients. The answer? You probably can’t. Debt takes a while to get rid of, and that is OK. Through responsible management and a conscious effort it can be eliminated but it can take months if not years to do so.
The Bank of Canada has increased the key interest rates twice this year so far. This in turn caused the commercial banks to increase their interest rates, which will cause consumer interest rates to be increased.
This is a very good question and one that we hear all the time. Debt Consolidation may increase your credit score, or it may lower it, depending on the status of your current financial situation and what option you use going forward.