Loans British Columbia 2019

British Columbia, which officially became part of the Canadian Federation in 1871, it is the third most populated province in the country, home to just over 4.631 million residents as of 2014. Bordered by the Pacific Ocean to the west, and the Rocky Mountain chain to the east, the province is filled with lush wilderness, diverse cultures, and endless activities to take part in. In the province’s capital of Victoria, situated on Vancouver Island, you’ll find a hub of tourist activity. So, if you wish to ski, hike, swim, surf, and sight-see, British Columbia is the place for you.

Check out this page about installment loans in British Columbia.

Loans Tips

Here are some good tips to help you secure the loan you want.

  • You shouldn’t apply for too many loans at once, it has a negative impact on your credit score (hard inquiries cause your credit score to drop)
  • Always consider checking your credit score before applying for a loan
  • Always do research when shopping for a loan. This will allow you to find a legitimate lender who can provide you with a loan that best suits your needs. Remember, if the offer sounds too good to be true, it probably is
  • Whenever possible, consider taking out a loan with a shorter payment term. While your monthly payments might be larger, you’ll pay the loan off faster and ultimately end up spending less money
  • It’s extremely important to make your monthly loan payments on time and in full, as any missed or late payments will result in a penalty fee, interest rate hike, and a drop in your credit score

Loans For All Your Needs

There are a variety of loan types and options available to anyone, regardless of their financial needs. From maintaining your living situation to covering an unexpected expense, here are some of the most common loans you might come across:

  • Debt consolidation loan
  • Business loan
  • Personal loan
  • Emergency loan
  • Home renovation loan
  • Medical loan
  • Wedding loan
  • Student loan
  • Tax debt loan
  • Car loan
  • Bridge loan
  • Vacation loan
  • Repair loan

Want to learn about short term mortgage financing and bridge loans? Read this.

Increasing Your Chances of Getting Approved

True, applying for a loan can seem like a long and difficult process, especially when you need it to help you with a particular financial problem you’re having. However, we have some advice for how you can increase your chances of getting approved:

  • Make sure to check your credit report before you apply
  • Be aware of (and pay off) any other debts you might have beforehand
  • Do extensive research, and consider all your options before you apply
  • Choose the right lender for your specific financial situation
  • Update and gather all necessary documentation and personal information
  • Do not pick the first lender you come across. Always take your time and shop around before making a commitment to one lender
  • Remember, banks are no longer the only places to get a loan. There are other lenders out there
  • Online lenders are a great option to get the loan you need, especially if you have bad credit

Click here if you ‘re trying to compare lenders in Canada.

Spring Clean Your FinancesWant to get your finances in order so you can get approved for a loan? Check out this infographic.

Protecting Your Personal Information

One of the most important things to remember about any financial transaction, loans included, is that there are fraudsters out there who may try to steal your personal information and use it to their advantage. Because of this, it’s necessary to take the proper steps in securing and protecting all your information. By doing this, you’ll greatly reduce your chances of falling victim to a fraud of any kind.

If you aren’t careful with your personal information, an identity thief can cause you a lot of financial problems and distress, not just by stealing your hard earned money, but by taking out loans in your name and ruining your credit in the process.

How can you tell if you’re a victim of identity theft? Find out here.

If you’re a British Columbia resident and you’ve fallen victim to fraud, or if you want to know more about some ways of protecting your personal information, visit Consumer Protection BC at:

Consumer Protection BC

#307-3450 Uptown Blvd

PO Box 9244

Victoria, British Columbia V8W 9J2

Telephone: 604-320-1667

Toll-Free: 1-888-564-9963

Fax: 250-920-7181

Email: info@consumerprotectionbc.ca

Website: http://www.consumerprotectionbc.ca

Dealing With Fraud

Fraud is a serious crime, one that can be extremely difficult to deal with. It can come in all forms and can affect anyone, anywhere, anytime. This is especially true if you aren’t taking the proper steps to protect your information. In fact, an identity thief can use many pieces of your personal information to wreak havoc on your finances. Your name, date of birth, driver’s license, banking information, social insurance number, etc. are all subject to theft if you’re not careful.

Any form of fraud is bad for your finances and your credit. As a result, fraud can also affect the possibility of you getting approved for a loan you might need in the future. Consumer fraud comes in all shapes and sizes, including but not limited to:

  • Identity Theft
  • Credit Fraud
  • Loan Fraud
  • Credit Card Fraud

Trying to avoid debt card fraud? Read this.

Here are some of the most common warning signs of fraud that everyone should be on the lookout for:

  • If a lender contacts you to inform you that they’ve successfully received a loan application in your name, one that you never applied for
  • If you receive confirmation from a credit card company or bank that you’ve been approved or declined for a card that you never applied to get
  • When your credit card (or other credit product) statements stop arriving by mail
  • When you start seeing purchases and/or transactions on your statements that you don’t remember making
  • If you’re contacted by a collection agency that informs you of an outstanding debt that you haven’t paid, or an account in default that you never opened

Watch this video to learn how you can identify a loan scam.

The Financing You Need, No Stress!

Loans Canada is always here to help when you need some good financing for something important to you!

How useful was this post?

Click on a star to rate it!

Posted by
Bryan completed the Cinema, Video, and Communications program in Dawson College and holds a Bachelor’s Degree in English Literature & Creative Writing from Concordia University. Bryan covers a wide range of topics for Loans Canada, including cred...

Lenders in this region:
Provider Rating
Pylo Finance 4/5
Fresh Start Finance 4/5
Marble Finance 5/5
Money Mart 4/5
Speedy Cash 5/5
Private Loan Shop 5/5
Progressa 5/5
My Canada Payday 4/5
Mr. Payday 4/5
Money Provider 5/5
Loan Express 3/5
Loan Away 5/5
Lendful 3/5
LendDirect 5/5
Health Smart Financial Services -
GoDay 5/5
iCash 5/5
Focus Financial Inc. 2/5
FlexFi 5/5
Eastern Loans 5/5
DMO Credit 5/5
Capital Cash 2/5
Credit 700 2/5
Credit Club 5/5
Credit2Go 3/5
Ledn 5/5
Amber Financial 5/5
Affirm Financial 5/5
310 Loan 2/5
Newstart Canada 4/5
Ferratum 5/5
SkyCap Financial 3/5
Fairstone 2/5
Lending Mate 5/5
Consumer Capital Canada 2/5
Lamina 3/5
Loans SOS -
514 Loans 5/5
CashCo 5/5
UrLoan 5/5
Loan Me Now 4/5
Captain Cash 3/5
BC Loans 4/5
Urgent Loans 4/5
Easy Financial 3/5
Mogo Finance 4/5
Cash Money 5/5
Borrowell 5/5
Magical Credit 5/5
Provider Rating
SharpShooter Funding 5/5
First West Credit Union 5/5
Meridian Credit Union 5/5
Laurentian Bank of Canada 5/5
HSBC Bank Canada 5/5
National Bank 5/5
Canadian Imperial Bank of Commerce (CIBC) 5/5
Scotiabank 3/5
Bank of Montreal (BMO) 3/5
Royal Bank of Canada (RBC) 5/5
CWB National Leasing 5/5
Money in Motion 5/5
Lease Link 5/5
FundThrough 5/5
Econolease Financial Services Inc. 5/5
Easylease Corp 5/5
Dynamic Capital 5/5
Capify 5/5
Canadian Equipment Finance 5/5
Capital Key 5/5
Cashbloom 5/5
BFS Captial 5/5
BDC 5/5
Baron Finance 5/5
B2B Bank 5/5
AOne Financial Solutions 5/5
Borrowell 5/5
iCapital 5/5
Lendified -
IOU Financial 5/5
Company Capital 5/5
OnDeck 5/5
Evolocity 5/5
Lending Loop 5/5
Thinking Capital 5/5
Provider Rating
Car Creditex -
Auto Capital Canada 5/5
Carfinco 5/5
Canada Drives 5/5
Prefera Finance 5/5
Approve Canada 5/5
2nd Chance Automotive 5/5
Newstart Canada 4/5
SkyCap Financial 3/5
Splash Auto Finance by Rifco 5/5
Carloans411 5/5
AutoArriba 5/5
Provider Rating
Newstart Canada 4/5
BHM Financial 2/5
Provider Rating
Centum 5/5
Broker Financial Group Inc. 5/5
Bridgewater Bank 5/5
Alpine Credits 5/5
From the blog...
Can I Use a Personal Loan For Emergencies?
Posted on July 24, 2019
Can I Use a Personal Loan For Emergencies?

For this blog, we’ve teamed up with our partners at Fairstone Almost half of Canadians are $200 away from not meeting their financial obligations each month. You’re not alone if you fall into this category, but being cash strapped can make it difficult to tackle unexpected expenses. … Read More

Have You Made These Mistakes on a Personal Loan Application? 
Posted on April 24, 2019
Have You Made These Mistakes on a Personal Loan Application? 

Applications for personal loans can be daunting, sometimes there is so much to read and interpret. For this reason, many applicants make mistakes on their application. Unfortunately, filling out an application incorrectly can result in your loan being rejected, regardless of how minuscule the error is. To better your chances… Read More

What is Negative Equity? 
Posted on April 19, 2019
What is Negative Equity? 

Equity is defined as the total value of an asset less the owed obligations. Individuals want equity in their assets to be positive because it means they will make money if they were to sell the asset. Sometimes individuals do not have the fortune of positive equity, instead, they have… Read More

Related Videos
How To Identify A Loan Scam
How Your Credit Score is Calculated
The Ins & Outs of Debt Consolidation
Note:

All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster.

Loans Canada and its partners will never ask you for an upfront deposit, upfront fees or upfront insurance payments on a loan. To protect yourself, read more on this topic by visiting our page on loan scams.