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.
For this post, we’ve teamed up with our partners at Fairstone.
Picture this: You want to buy a car in the next few months, but know you’ll need a loan to cover some or all of the cost. This is a good opportunity to start increasing your credit score. Why? When it comes time to apply for a car loan, lenders will see that you’re demonstrating positive credit behaviour and as a result, will offer you a lower interest rate.
The benefit of a lower interest rate on your loan?
When you pay back a loan, a portion of each payment will go towards the principle and a portion will go towards interest. The lower your interest rate on a loan, the less you’ll pay towards interest each payment. The result? By the time you’re done paying off the loan, you’ll have paid less money overall.
Below our partners at Fairstone share some tips on how you can access a lower interest rate on your next loan.
Here are some tips that will help you demonstrate positive credit habits to future lenders:
Sometimes, you need a loan unexpectedly and don’t have time to work on increasing your credit score. If you fall into this situation, there are still some tips that can help you pay less interest on your loan.
Here are some options that can help lower your interest rate on a loan:
Interest is something we’ll all have to pay at some point in our lives, but if you follow these tips you can reduce the amount of money you pay in interest charges. That means more money in your pocket for things like retirement savings, buying a house or an emergency fund!
Interested in shopping around for a loan, but don’t want to impact your credit score? With Fairstone’s online loan quote, you can find out how much money you qualify for and what your payments might be without affecting your credit. And, it only takes a few minutes – get a quote today.
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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.
Don’t pay until March with this offer from our partner, Fairstone.* Ends January 31st.
New Offer! Get up to $2,000 cashback + a $50 bonus on signing up. Conditions apply.
Earn an average 5%¹ cash back at thousands of partners and at least 0.5%² cashback guaranteed.
With KOHO’s prepaid card you can build a better credit score for just $10/month.
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 fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service.
When you apply for a Loans Canada service, our website simply refers your request to qualified third party providers who can assist you with your search. Loans Canada may receive compensation from the offers shown on its website.
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