Loans Canada Launches Free Credit Score Portal And Is Recognized As One Of Canada’s Top Growing Companies
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
Carrying too much debt can become extremely worrisome and pricey over time. Not to mention, it could do serious damage to your credit score and bank account. So, it may be a good idea to get ahead of that kind of harm by using a personal loan to help consolidate the debt. Luckily, that’s where alternative lending websites like Lendful can come in handy.
Lendful is a fintech company that was created in British Columbia in 2015. Today, they have offices located in Vancouver and Toronto, as well as a website where you can apply for personal loans at any time of day from the comfort of home.
When you take out a personal loan, you’re borrowing a specific sum of liquid money so you can use it to pay off any number of expenses. You could also use it to consolidate your debt such as overdue student loans, high-interest credit card bills and mortgage payments. Afterward, you’ll repay your lender with a series of equal installments over a predetermined period.
Currently, Lendful offers unsecured personal loans of $5,000 – $35,000, with repayment terms of 6 months – 5 years (6 – 60 months) and interest rates starting at 9.9%. As these loans are unsecured, you won’t have to offer collateral to qualify and, if you’re approved, your loan should be deposited in your bank account within 24 hours.
Lendful is an alternative lender that offers loans to those with less than a perfect score. However, there are a few minimum requirements you’ll have to meet to be considered for the loan.
Essentially, if you prove that you can cover all your loan payments, interest and fees as agreed, there’s a good chance you’ll qualify with Lendful. The stronger your overall financial health is, the easier it will be to get a loan with appealing conditions.
All that said, keep in mind that you could get denied for the personal loan if your finances or credit are in extremely bad shape, so it’s important to only apply with Lendful when you’re totally prepared to handle the consequences that follow.
Here’s how the average application and approval process goes when you apply for an online personal loan from Lendful.ca:
Although there are many benefits to choosing Lendful as your personal lender, it’s important to be aware of any costs involved, including but not limited to:
When you apply for a personal loan from Lendful, you’re likely to encounter the same kinds of benefits and drawbacks that you’d find with most alternative lenders:
In conclusion, Lendful personal loans are best reserved for clients who have moderate credit scores and incomes, as well as those who are suffering from a lot of high-interest debt. So, before you choose them as your lender, remember to do lots of research and check out all the other debt management options available in your region.
Loan Range | Rate & Terms | Product Details | Eligibility | Requirements & Documents | |
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Personal Loan | $5,000 - $35,000 |
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You need a referral from a mortgage broker or financial advisor, but highly recommend this company. Very thorough screening process, but lowest intere... read more
Not for everyone but if you can get a referral I would recommend them.
Lendful is a business. If you are wealthy, but you lost control of some debt, then Lendful will help you. If you went through a hard time and could us... read more
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Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
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