Monthly bills can sometimes feel like a huge financial burden, they need to be paid in full and on time every single month and the consequences of not doing so are daunting. In the event of an emergency or if you have debt that you want and need to pay off it can be tempting to simply skip a payment or two especially for your rent or utilities. Skipping a month or two on your rent or utilities is the last thing that you want to do as it will only cause more stress on both you and your finances.
Consequences of skipping payments
- A late fee might be charged, thus increasing your original payment amount
- You run the risk of having your service disconnected
- There might be another fee to have the service reconnected
- Being evicted from your home
Not having a place to live and the proper utilities like electricity and hot water to perform simple daily tasks will only make your life and your financial issues worse. If you have run out of money and options then you should consider taking out a personal loan to cover your utility bill or rent, that way you’ll be able to focus on getting back on track with your finances.
Getting a loan
Loans Canada will help you find a private lender who understands your situation and wants to help you with your finances. The application process is simple and one of our loans specialists will get in contact with you right away. A loan from one of our manyflexible lenders will allow you to pay your rent and your monthly utility bill on time so that you won’t have to pay any extra fees. Loans Canada offers easy and affordable instalment plans and great customer service. We want you to regain control of your finances and we will be there every step of the way to help you.