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Best Personal Loans to Consider in 2020 | Cash 4 You®

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With the new year comes many new opportunities to make improvements to all aspects of your life. At Cash 4 You®, we’re dedicated to helping you improve your financial well-being through an array of loan options that can not only give you the money you need when you need it, but which can also help you build or strengthen your credit profile while increasing your spending power. If you’re in the market for a personal loan in 2020, but aren’t sure which loan is best for you, we’re here to help. Keep reading to learn about the best personal loans to consider this year, and connect with Ontario’s Top Rated Local® money lender to get instantly approved for a cash money loan right now.

What Are the Best Personal Loans?

When it comes to borrowing money, you want to find a loan that makes the most sense for you. Before we start exploring your loan options, here are some things to consider before choosing a loan.

  • How much money do I need?
  • What do I need the money for?
  • How are my finances?
  • Do I have an open, active bank account?
  • Have I recently applied for credit cards or loans?
  • What is my current debt-to-income ratio?
  • Will borrowing money help me achieve my goals?
  • Can I afford a monthly loan payment?
  • What are the minimum and maximum amounts I can realistically afford to borrow?

These questions can help steer you in the right direction toward finding the best loan for your circumstances. Now then, let’s explore your loan options.

Unsecured Personal Loans

Unsecured personal loans are typically easier for virtually anyone to get approved for. This type of loan can be approved as long as you meet the money lender’s loan application requirements, and you do not have to provide any collateral to get the loan. 

At Cash 4 You, we want to help all hard-working Canadians just like you get the money they need when they need it — regardless of your credit standing. That’s why all of our personal loan options are unsecured loans for maximum accessibility and affordable. 

Payday Loans

Sometimes borrowers only need a small amount to get them through until their next payday. A payday loan — also referred to as an instant cash loan, short-term loan, or cash advance loan — has a quick and easy approval process and instant cash payouts. Unlike other personal loans offered in larger amounts, payday loans are offered in amounts up to $1,500. This loan is designed to be super easy to repay using your next paycheck.

Payday loans are ideal for making smaller purchases, covering monthly living expenses, or paying bills. This type of loan is also perfect when you’re in a financial pinch and need some instant cash money to get you through until your next payday.

Installment Loans

When you need a larger amount of money to cover a big purchase, fund home improvements, cover wedding expenses, or to fund your dream vacation, an installment loan is your best choice. Cash 4 You offers installment loans ranging from $1,000 up to $15,000. The approval process is just as easy as it is with our other personal loans. We have relaxed credit requirements and will consider other aspects of your financial standing — not just your credit score. This allows us to fund hundreds of thousands of loans for people falling anywhere on the credit spectrum. What’s more, you can take up to 60 months to repay your loan according to sensible repayment terms agreed-upon during your approval.

An Excellent Credit-Building Loan 

One of the best benefits of an installment loan with Cash 4 You is that you cannot only get the money you need, but you can also build and improve your credit over time. You see, unlike other money lenders, we report each on-time payment you make to the top credit bureaus. Each on-time payment leaves a positive mark on your financial profile, meaning you can grow and improve your credit score with each payment you make! Follow the link to learn more about CreditBoost™ and how it can benefit your financial well-being.

Apply for a Personal Loan Today!

Are you ready to find the best loan for you and your family? We’re excited to help you get the money you need and deserve. Apply for a personal loan of up to $15,000, and get approved in minutes! At Cash 4 You, we make it fast and easy to get the money you need to cover monthly expenses until payday, or to fund big purchases, life events, vacations, and more. Apply online to get started, or drop by a Cash 4 You in Ontario where we have more than 100 convenient locations to serve you. Get your money, and make 2020 your best year yet!

How Can I Improve My Credit Score Fast in 2020? | Cash 4 You

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Your credit score — those three little numbers that can determine whether or not you can finance your dream car at a low interest rate, or whether you can even get approved for a credit card at your favorite department store. Moneylenders, banks, and even landlords use this magic little number to gain a better sense of your financial profile to determine whether or not you are likely to repay funds or make on-time payments.

When you have less than perfect credit, poor credit, or no credit at all, it’s essential to your financial well-being that you find opportunities to improve your credit score. Doing so can give you more financial freedom and stronger purchasing power so that you can live the lifestyle you desire. Even if you have good credit, strengthening your credit score, even by just a few points, can reduce your interest rates, monthly payments, and more. If you’re looking for ways to improve your credit score quickly this year, your friends at Cash 4 You have some handy tips to get you started down the path to success. Check it out!

Check Your Credit Score

The best way to know where you stand on the credit spectrum is to check your credit score. You should be sent an annual credit report from the top credit bureaus annually, so use this to your advantage. What’s more, you can use online credit check programs to track your credit score; however, do your due diligence in researching these credit companies before joining their program or using their tools. You can also talk to your bank to find out if they offer a credit tracker program free of cost for their members. 

Pay Your Loans and Credit Cards On Time

This is the most important thing you can do to build your credit fast this year. Always pay your loan payments, credit cards, and other bills on time and in the full payment amount (or more) that was agreed-upon in the terms of your loan. Doing so shows that you are responsible with your finances. That way, whenever a lender makes a credit inquiry on your profile, they can see that you are a reliable borrower, which can lower your interest rates, reduce your monthly payment amount, and give you larger loan amounts. Paying your bills late or missing payments will negatively affect your credit immediately, and it can be hard to recover from these negative marks on your credit profile quickly.

Pay More than the Balance Due

Use the information provided on your credit card statement to determine how much you need to pay and when. At the top of your statement, you will see the payment due date, new balance, and minimum payment due. Your new balance reflects any additional charges, plus interest fees, that were accrued during the last bill cycle. The minimum amount due is simply a small monthly payment amount that keeps your credit card active. But if you only pay the minimum amount due each month, it could take you years to pay off your balance due, and you will be charged hefty interest fees that increase the total amount. 

Rather than paying the minimum, try to pay the full amount statement balance on the due date to boost your credit score and to eliminate credit card debt fast. Another trick you can use to improve your credit is to pay off the recent credit card charge before your bill comes due. This may be more appropriate if you are building mileage points or you get rewards and points for using your credit card.  

Don’t Over-Apply for Credit Cards

One of the worst things you can do for your credit score is to over-apply for credit cards and loans. Lenders make a hard inquiry on your credit each time you apply for a credit card or loan, which can reduce your credit score. Having too many inquiries at once can reflect poorly on your credit profile. Timing is of the utmost importance, so keep this in mind when you apply.

Keep Unused Credit Cards Open

Paying off your credit cards will absolutely boost your credit score. One way to give your score an extra boost is to keep unused credit cards open. Doing so shows that you can refrain from using borrowed money even when it’s readily available to you. This also shows that you are financially stable enough to not have to rely on credit cards to make purchases, which can increase your purchasing power down the road. Just make sure that your open, unused credit cards aren’t costing you in annual fees.

If you are concerned that you can’t refrain from using an open, paid-off credit card, you can always freeze your card, or cut it up to prevent use. 

Start Boosting Your Credit Now

If you’re ready to transform your credit score for the better, there’s no better time to start than now, and these tips can get you started. What’s more, Cash 4 You offers personal loans that can not only give you the instant cash you need to pay off credit cards and fund large purchases, but which can also help you build your credit score one payment at a time. 

All you need to do is apply for a loan online, or stop by one of our 100+ stores conveniently located in cities across Ontario. As long as you meet our relaxed credit requirements, we can approve you in minutes and give you up to $15,000 cash-in-hand the very same day. Then, simply pay your installment loan payment on-time according to the agreed-upon terms of your loan, and enjoy watching your credit score rise. It really is that easy! Stop in and see us today and enjoy all the benefits of boosting your credit score by making your loan payments on time.  

Want to watch tips and tricks for boosting your credit score, saving money, and more? Subscribe to the Cash 4 You YouTube channel where you can watch entertaining and insightful videos that are created to help you make the most out of your personal loans and strengthen your financial well-being.

Handy Tips to Help You Apply for a Personal Loan

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Handy Tips to Help You Apply for a Personal Loan

One of the best ways to get the money you need when you need it most is to apply for a personal loan. But knowing how or even where to get started can feel overwhelming and stressful. The friendly money lenders at Cash 4 You are here to tell you that it’s actually much easier to apply for a loan than you think — especially when you borrow the money you need from us, Ontario’s favorite money solutions retailer. Let’s explore the five simple steps you can take to apply for a loan that works for you.

How to Apply for a Personal Loan

Determine the Amount You Want to Borrow

First things first. You will want to determine how much money you want to borrow, which can help you determine the type of loan you want to take out. Keep in mind that overborrowing beyond your means can send you into a financial tailspin, so be realistic as you’re coming up with an amount you want to borrow. A good way to figure out how much money you want to borrow is to make a list of the ways you plan to use your money. Consider these key factors?

  • Are you taking out a loan to cover a big purchase, such as a car, home improvements, a vacation, or a wedding?
  • Do you simply need a small amount to cover everyday expenses for the next month?
  • Will you use the money to pay down high-interest credit cards?
  • Realistically, how much can you afford in terms of a monthly payment to repay your loan?

The important thing is to only borrow the money you need that is within your budget to pay back, according to the agreed-upon repayment terms.

Explore Your Loan Options

Determining how much money you want to borrow can guide you towards the best type of loan for your needs. Once you have an approximate amount in mind, start exploring your loan options. Research the different types of loans that are available to help you find one that is ideal for you.   

For instance, Cash 4 You offers a variety of loan options to help people of all walks of life get the money they need. If you only need a smaller amount to cover a small purchase, or to help you cover expenses until the next paycheck comes in, a cash advance loan in amounts of up to $1,500 may be the best solution for you. 

On the other hand, if you need a larger sum of money to cover the expenses for a big life event such as a move, a wedding, a dream vacation, or even to purchase a vehicle, an installment loan in amounts ranging between $1,000 and $15,000 makes more sense.

Find a Reputable Money Lender

Now that you have an idea of how much money you want to borrow, and the type of loan you might be interested in, it’s time to find a money lender. The thing is, you don’t want to choose just any ol’ money lender in Ontario. And you also don’t want to jump through a million hoops to get the money you need. Do your research. Find a lending institution that is reputable, has positive reviews, has funded people in a similar financial situation to yours, and one that offers different loan options. Better yet, you want to work with a lender that is friendly, knowledgeable, and who wants to help you find the best loan that makes sense for you.

Consider this: banks are a great option when you’re looking to borrow money, but keep in mind that these financial institutions, and others like them, typically have very strict requirements when it comes to loans. Additionally, credit cards may also seem like a great way to get instant cash, but most credit cards come with annual fees, hidden fees, and — more importantly — high-interest rates. What’s more, some loans actually increase over time so that you end up paying way more than what you actually borrowed.

Cash 4 You is a Top Rated National® money lender in Ontario that has funded more than $1 billion in loans for hard-working Canadians like yourself. We pride ourselves on providing friendly service and will always help you find a loan that works for you, not pressure you into something that could get you into a financial pickle. Not only that, we offer relaxed application requirements and work with just about every credit situation, even poor credit! As part of our commitment to transparency, you can rest assured that we will never charge you any hidden or unexpected fees, and you definitely won’t pay any application or annual fees.

Gather Your Credentials

When you find a money lender, you’ll want to have all your credentials ready to go for your loan application in order to expedite your approval. While some financial institutions fall just short of asking you to promise them your first-born child to get a small loan, we take a different approach. We want to make the entire loan process easy and stress-free for you. When you apply for a payday loan, we’ll ask you for:

  • A government-issued ID
  • A minimum age requirement of 18 years
  • Proof of employment
  • A minimum of $250 per net pay
  • Proof of an active bank account

When you apply for a larger personal loan, such as an installment loan, you will need to:

  • Be an Ontario resident
  • Have a government-issued ID
  • Be at least 18 years of age
  • Have a steady source of income
  • Have an open and active bank account

That’s it! You see? We said we want to make it simple for you and we mean it. 

Apply Online or In-Store

When you are ready to apply for a loan with Cash 4 You, you have a few options. You can hop online and apply for your chosen loan, or you can stop by any of our 100-plus conveniently located stores spread across Ontario to apply. We’ll approve you for your loan in a matter of minutes and you can get your money the very same day!

Get a Personal Loan That Makes Sense

It’s so easy to get a loan with Cash 4 You! When you are ready to get the instant cash you need right when you need it most, our money lenders are ready to help you achieve your financial goals. Visit Cash 4 You online or stop by one of our stores to get approved for a hassle-free personal loan today! Discover for yourself why we’re Ontario’s favorite money lender!

Enjoy Every Minute Of Your Vacation With These Easy Tips

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We all go on vacations as a way to get away from the daily stresses of our lives. But if you’re not careful about how you plan your trip you might find that it’s more stressful than if you had never gone at all. The point of your next vacation is to relax and unwind, and you can do that when you follow these handy hints from Cash 4 You, Ontario’s leading provider of personal loans.

Figure Out Your Travel Budget

Perhaps the first thing you should do before you get too far in your vacation planning is to figure out your budget. You can do this in one of two ways. First, you can let your budget dictate where you travel. So if you have been saving time off, or money, you can use these resources as the deciding factors as to where you go and for how long. This can translate into short or long trips. The other way is to do the reverse. Look at a destination, price out lodging, activities, and food, and build your budget around that.

In either case, it’s always a good idea to budget on the high-end for all these things. Prices can change unexpectedly so it’s always a good idea to have extra cash on hand. Of course, if you need that little extra to get your budget in a good place, or you just need to truly get away, an installment loan for up to $15,000 from Cash 4 You is a great way to get to your destination faster.

Take the Road Less Traveled

There are some destinations that are famous and for good reason. Be it the incredible architecture, famous performances, or proximity to natural resources, these popular destinations are often expensive and crowded. If you’re looking for a truly stress-free vacation, it’s best to avoid these areas and go somewhere less popular. You’ll save money on tickets, hotels, and more. Plus, you get to explore an area that few other peoples do, which means you’ll have more interesting stories to tell the next time you get together with friends.

Let Someone Plan Your Vacation For You

Are you halfway to this article and your head is already spinning? That might be a good sign that it’s time to enlist some help. While many people now plan their entire trip through simple Google searches, using a traditional travel agent is a great option for those who want to take the stress completely out of planning their vacation. While you might pay to use their services, you often save money in the long run because they know how to get package deals on flights, lodging, and even activities. Plus, a travel agent might have insights into must-see places and must do activities that you wouldn’t find otherwise.

Make Sure You’ve Got the Right Kind of Currency

While most of us are content to use debit cards and credit cards as we travel, Having cash on hand is always important. This is especially true if you’re traveling out of the country. Even a quick jaunt down to the United States is made easier by having some American money on hand. Make sure you take advantage of currencies exchange services before you leave and don’t use them at the airport. This way you will get the best rates and save money.

Take Your Ideal Vacation Today

Travel budget looking a little thin? Don’t let that slow you down! Cash 4 You can offer you a personal loan of up to $15,000 in just minutes. Just stop by one of our more than 100+ in Ontario, fill out a simple application, and walk out with cash-in-hand. You’ll have everything you need for your trip, so you can enjoy every minute of it!

How To Use A Personal Loan To Repair Your Credit

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Let’s face it, we’ve all been in a position where our credit history is less-than-perfect. That’s ok! Sometimes life catches up to us in the form of unexpected bills and changes in career. But there are easy ways to repair your credit, or build your credit, using a personal loan. Join Cash 4 You as we outline some of these ways below!

The Six Steps To Using A Personal Loan for Credit Repair

Personal loans are a great way to carefully repair your credit score over time. Fortunately, this process is fairly straightforward and can be completed in as little as six steps!

Step 1: Have a Plan for the Money

First off, don’t take a personal loan just for the sake of having the money on hand. Make sure you have a clear plan of action of how you’ll use the money. Use the personal loan to pay down your high-interest debts. That could be a student loan or a car payment. If you’re debt-free, consider investing the funds from the loan into something that helps to build your credit like a car or home.

Don’t spend the money on frivolous things like new clothes, a new phone, or other luxury items. You’ll only sustain the cycle of debt you worked so hard to get out of.

Step 2: Look for the Best Terms and Rates

There are plenty of organizations that will offer you a personal loan, but that doesn’t mean you should take the first one you see. Shop around and look at different rates and terms. Find a lender that offers generous repayment schedules. For instance, at Cash 4 You, our Ontario money lenders give you up to 60 months to pay off your loan, and we are clear on our interest rates.

Step 3: Inspect the Loan Agreements

Once you’re approved for your personal loan (and at Cash 4 You, we can approve you almost instantly), it’s important to pour over every detail of your loan agreement. You’ll want to look for the conditions and any clauses. These could lead to changing interest rates or the lender could use these stipulations to alter the loan term.

At Cash 4 You, we don’t rely on hidden fees and what you see on paper is the exact loan you get!

 

Step 4: Borrow Less, not More

When you have the option to borrow a vast sum of money, you might agree to take the whole thing. After all, more money is better than less, right? Well, not always. By borrowing less money through a personal loan, you’ll be paying less in interest over time. That means that you’ll save more money in the long run.

Borrowing more than you need is just a way to sustain your bad spending habits and never improving your credit score. Our money lenders will help you choose a personal loan amount that’s right for you. We can offer up to $15,000!

Step 5: Make Your Payments On Time

It’s estimated that your payment history accounts for 35 percent of your credit score. That means that making your payments on time is one of the easiest ways to improve your credit score quickly. Use the loan money to pay off any high-interest debts on time, then start making regular payments toward the principle of the personal loan.

You can easily do this by setting up auto-pay through your bank or credit union, or by making your payments online! Plus, at Cash 4 You, we will never penalize you for paying your loan off early. You should be commended for your financial savvy, not punished!

 

 

Cash 4 You has more than 100 money lending locations across Ontario. Find the store nearest you to ask about our personal loan options and to start repairing your credit right away!