At Cash 4 You, we understand that there is a lot more to your financial profile than just your credit score. But the truth of the matter is, a poor credit score can keep you from achieving your financial goals and living the life you want to live. On the other hand, building a positive credit profile can give you a solid financial foundation while enhancing your purchasing power. 

As the Top Rated National® money solutions retailer in Ontario, our goal is to help you get the money you need while building your credit through the personal loans we offer. Let’s explore the myCreditBoost™ benefit, how it works, and how it can help transform your credit profile for the better.

What is myCreditBoost™?

If you are ready to make a positive impact on your credit history, myCreditBoost™ can help. This credit-building benefit is an extension of your personal loan with Cash 4 You. It is designed to be a simple and straightforward benefit that helps you build your credit score over time by making your loan payments on-time by cash or debit.  

How It Works

myCreditBoost™ is one of the simplest ways to improve your credit score. Here’s how it works.

Apply for a Personal Loan

Visit Cash 4 You to apply for your loan online, or drop by one of our more than 100 locations in Ontario to apply in person. Getting approved for installment loans in amounts of up to $15,000 takes only minutes. Once approved, simply agree to the terms of your loan and get your money the same day you’re approved. 

Make Regularly Scheduled Payments On-Time

Once you are approved for your loan, you can start building your credit by making your regularly scheduled payments on-time according to the agreed-upon repayment terms. Your loan payments will be due according to your pay frequency, ranging from weekly, bi-weekly, semi-monthly, and monthly payments. 

Build Positive Credit Marks on Your Credit History

Here at Cash 4 You, we value your on-time payments and we understand just how important they are to your credit profile. That’s why, unlike other money lenders, we report your timely loan payments to all of the major credit bureaus, including TransUnion and Equifax. As you make your scheduled payments, we report them, and you accumulate positive impressions on your credit history with each on-time payment. That’s right! It really is that easy!

Keep in mind that missing payments or making late payments can significantly impact your credit history by dropping your score. That’s why if you miss a payment or make a late payment, you will want to contact Cash 4 You right away to explore your options. Our friendly lenders are here to help you. 

Is a Credit-Building Loan Right for Me?

Whether you already have good credit and you want to make it better or you have poor or no credit and want to build your credit history, myCreditBoost™ is a simple yet effective solution for you. By taking out a personal loan with Cash 4 You, you get the money you need to spend how you need, and you can improve your credit at the same time, simply by paying your loan installments on-time. 

Building your credit is the best way to improve your purchasing power while establishing a solid financial foundation for you and your family. That’s why our credit-building loans are ideal for anyone who wants to strengthen their credit profile.

Get Instantly Approved for an Installment Loan Now!

There’s never been a better time than now to start building your credit, and we can help. Visit Cash 4 You to apply for a loan online, or stop by one of our 100-plus stores located in Ontario to get instantly approved. Whether you need $1,000 or $15,000, we have a sensible personal loan for you. Better yet, our relaxed credit requirements make getting instantly approved for your loan simple, fast, and hassle-free. Get approved now, start making timely loan payments, and enjoy the benefits of myCreditBoost™. It’s time to take control of your financial future! 

Want to stay up-to-date on all of our money solutions, watch handy credit-building tips, and so much more? Subscribe to the Cash 4 You YouTube channel where you can watch insightful and entertaining videos about all things loans, money-saving tips, and more. Subscribe today!

When it comes to money management, it’s easy to make mistakes. Unfortunately, these mistakes can negatively affect your credit score. Plus, sometimes circumstances out of your control can also affect your credit, such as a divorce or bankruptcy. When your credit slips from perfect to good to bad, to, well, rock bottom, it can be challenging to get approved for car loans, housing rentals, mortgages, and get a good interest rate on loans. What’s more, employers often check potential employee’s credit score as part of the hiring process. A bad credit score can reflect negatively on your character in the eyes of a potential employer who doesn’t know you personally.

To be frank, a low credit score can really hurt your ability to work, play, and live comfortably. But there is hope, however, and no matter how low your credit score drops, there’s always the chance to repair it. The road to achieving a good credit score can be bumpy and difficult, but well worth the effort, as completing that journey always pays off in the end.

As Canada’s leading money lender in Ontario, the Cash 4 You team wants to help you achieve your financial goals. That’s why today, we’ll share six ways you can start repairing your credit score by making small changes that can have a big impact on your credit. Don’t let a low credit score hold you back from life’s adventures; visit Cash 4 You to get approved for installment loans of up to $15,000, regardless of your credit standing. Get the money you want and repair your credit at the same time!

The first step in repairing a low credit score is knowing your options so that you can make a plan and stick to it. In part one of our short blog series, we’ll share six helpful tips to get you started on your journey to achieving awesome credit.

Check Your Credit Report

The first step to repairing your credit is to check your credit report so you know where you stand. People often avoid checking their credit score if they know it’s gone down, so it’s important to know exactly what your credit score is, which delinquent accounts have made a negative impact on your credit score, and which accounts are in the clear. Identifying the reasons why your credit score is poor gives you a good place to start in repairing it.

Visit TransUnion or Equifax, two of the leading credit bureaus, that will provide you with a free credit report once a year. Oftentimes, your bank will even provide you with a credit report, free of charge.

Make Good on Bad Accounts

After checking your credit report, figure out which accounts are in the positive, which are behind, and which are in collections. Highlight the open or current accounts that show missed or late payments, as well as the delinquent accounts that are in collections. It’s up to you to decide where to start, but reaching out on the open accounts that have not gone to collections may be an ideal place to start. If you only need to make a few payments to bring them up-to-date, pay these accounts down before they go to collections. Doing so is a great way to start instantly improving your credit. Then, contact creditors to make arrangements for setting up a payment plan. The sooner you contact them, the better.   

Pay Minimum Payments

For any open accounts you have, it’s always smart to at least pay the minimum payment. Skipping a payment will continue to reflect poorly on your credit, but paying the minimum amount shows that you’re making an effort to keep it up-to-date. If you can’t make the entire payment, contact your account holder to see if they’d be willing to make a payment arrangement with you. It can’t hurt to ask.

Improve Spending Habits

One of the best things you can do moving forward is to improve your spending habits. Setting boundaries on spending, making a budget, and avoiding impulse spending sprees are just a few ways to start improving your credit. Once you build healthy spending habits, you’ll have a routine to follow that limit money management mistakes like overspending and maxing out high-interest credit cards. Stay tuned for an upcoming article outlining ways to improve your spending habits!

Open A Bank Account

If you don’t have a bank account, open one. Check local banking institutions and credit unions that offer easy opportunities to open a bank account. Maintaining a healthy checking account that does not go into the negative and building a savings account, can help you get into the routine of managing your money wisely, budgeting, using options like bill pay to stay on top of your bills, and saving money, all of which reflect positively on your credit and payment history.

Get Approved for an Installment Loan   

Taking out an installment loan gives you the opportunity to make regular payments toward your loan over time. While it might seem as though this type of personal loan is out of the question for someone with a low credit score, it’s just the opposite. At Cash 4 You, we can instantly approve anyone for installment loans in amounts of up to $15,000, regardless of their credit standing. You see, as Canada’s Top Rated National® installment loans provider, we’re passionate about helping people from all walks of life, and all credit backgrounds, get the money they need to support a happy life. We understand that sometimes, things happen that can affect your credit, which is why we offer relaxed credit requirements for installment loans.

Visit A Cash 4 You Near You

You can apply for an installment loan online or at one of our more than 100 locations in Ontario. Submitting an application does not guarantee approval. Final approval and funding are subject to verification, qualification requirements and signing all required loan agreements. After your application is approved and verified, choose Interac e-Transfer or direct deposit. Review your rate, repayment schedule and any applicable fees before signing. Apply for a Cash 4 You installment loan and choose a repayment option available under your loan agreement.

Tune in next time as we look at six more ways to repair a low credit score. Until then, thank you for reading!

Cash 4 You Installment Loans in Ontario

At Cash 4 You in Ontario, Canada, we help eligible Ontario residents explore installment-loan options. You can apply for a personal installment loan online or in-store for amounts from $500 to $20,000, subject to verification and qualification requirements. Once your application is complete, verified and approved, and you have signed all required loan agreements, choose Interac e-Transfer or direct deposit. Funding timing may vary based on verification, bank and payment-network processing, and service availability. Visit Cash 4 You today or stop by one of our stores to apply for a loan, cash a cheque, get a money order, and learn more about available services.

About Us

Cash 4 You is Canada’s trusted source for providing hard-working Canadians just like you with a range of financial solutions and money management options. Since 2001, our team of expert lenders have helped millions of people in Brampton, Hamilton, Kitchener, Ottawa, Toronto, and beyond with an array of personalized money solutions. As a reliable, licensed money lender, we specialize in online installment loans and instant payday loans. Follow the links to learn more about these services.

Our Commitment to Customer Care

In addition to the many lending and financial services we offer, we stand by our commitment to always provide exceptional customer service to each and every customer we serve. We want your loan application experience to be clear and straightforward, without sacrificing kind and compassionate customer care. Our lending team is here to support customers with a range of credit histories, backgrounds and reasons for applying. Approval is subject to verification and qualification requirements. We promise to uphold our values by providing friendly, knowledgeable customer service, without challenges or judgments. Because helping people is our priority, we aim to support customers in Ontario as they explore financial solutions that may help them reach their goals.

Our Dedication to Convenience

We are devoted to providing convenience in all that we do. With many locations throughout Ontario, our stores are easily accessible. We offer convenient business hours so our customers can get financial assistance at a time that works best for them. While you can apply for a loan in person at one of our Cash 4 You stores, we also offer online loan applications, allowing customers to apply using computers, smartphones, tablets and other electronic devices. Safety and security are essential to our online lending services. Therefore, online loan applications, bill payments and other services are protected by Norton™ and McAfee™ to safeguard personal information, payments and transactions from cyber threats and internet compromises.

What Are Installment Loans?

When you need a large sum of money to cover a big purchase, pay off a credit card or cover recreational expenses, an installment loan may be an option to consider. At Cash 4 You, eligible Ontario residents can apply for an installment loan from $500 to $20,000, subject to approval. Installment loans are considered unsecured loans because they do not require you to provide collateral to borrow the funds you need. You can repay your loan over time according to the repayment terms in your loan agreement. We consider applicants with a range of credit histories. Final approval is subject to verification and qualification requirements. The application process can be started online or in-store.

How Do I Repay My Personal Loan?

At Cash 4 You, our dedication to convenience extends to our loan repayment options. Just as we want the loan application and approval process to be smooth and easy, we also want your repayment process to be relaxed and affordable. The great thing about installment loans is that they can be repaid over time, which is why these loans are considered long-term loans. Your lending professional will work with you to determine personalized repayment terms, allowing you to make regularly scheduled payments over time up to 84 months. Your repayment terms will be determined by your loan amount. Making regular installment payments can help you repay a personal loan according to the agreed schedule.

Why an Installment Loan Might Be a Great Option for You

Approved installment-loan funds may be used for a large purchase or expense. We consider applicants with a range of credit histories. Approval and loan amounts are subject to verification and qualification requirements. Taking out a personal loan can help cover important expenses while supporting your credit goals when you repay according to your loan terms.

Who Benefits From an Installment Loan?

Eligible Ontario residents from a range of backgrounds and credit histories may apply for an installment loan. Available loan amounts range from $500 to $20,000, subject to verification, qualification requirements and final approval.

Apply for an Installment Loan Now

Apply online or in-store for a Cash 4 You installment loan from $500 to $20,000, subject to verification, qualification requirements and final approval. If you have questions about applying for an installment loan in Ontario, call our customer care team at 1-888-997-2807 or contact us online. You can also stop by one of our Ontario locations to apply for an installment loan, apply for a payday loan or cash a cheque. Cash 4 You is here to help you explore available financial options.