Tag Archives: personal loans

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

If you are considering a personal loan, understanding the application process and reviewing the loan terms can help you make an informed decision.

Cash 4 You offers installment loans from $500 to $20,000 to eligible Ontario residents, subject to verification, qualification requirements and final approval. Here are five steps to consider when applying.

How to Apply for a Personal Loan

Determine the Amount You Want to Borrow

First, determine how much you need to borrow. Borrowing more than you need can increase your total borrowing cost and scheduled payment amount.

One way to estimate the amount is to list the expenses you plan to cover. Consider these questions:

  • Are you applying for a loan to cover a major purchase, home improvement, vacation or wedding?
  • Do you need funds for an unexpected personal expense?
  • Will you use the funds to pay down higher-interest debt?
  • How much can you reasonably afford to repay with each scheduled payment?

Borrow only the amount you need and can reasonably repay according to the terms of your loan agreement.

Explore Your Loan Options

Once you have an approximate amount in mind, review the available loan options. Different products may have different loan amounts, interest rates, fees, repayment schedules and qualification requirements.

Cash 4 You installment loans from $500 to $20,000 may be available to eligible Ontario residents. Approval and available loan amounts are subject to verification and qualification requirements.

Before choosing a loan, compare the total cost of borrowing and determine whether the scheduled payments fit your budget.

Find a Reputable Money Lender

Research potential lenders before submitting an application. Check whether the lender is appropriately licensed and review its loan terms, customer-service options and available product information.

Compare the following:

  • Interest rate
  • Scheduled payment amount
  • Repayment period
  • Applicable fees
  • Total cost of borrowing
  • Prepayment terms

At Cash 4 You, you can review your interest rate, payment schedule and any applicable fees before signing. No prepayment penalties apply. Approval remains subject to verification and qualification requirements.

Gather Your Credentials

Preparing the required information can help you complete your application. To apply for a Cash 4 You installment loan, you must:

  • Be an Ontario resident
  • Have valid government-issued photo identification
  • Be at least 18 years old
  • Have a steady source of income
  • Have an open and active bank account

Additional information may be required to verify your identity, income, banking information and application details. Meeting the eligibility requirements does not guarantee approval.

Apply Online or In-Store

You can apply for an installment loan online or at a Cash 4 You location.

After you submit your application, we will review your information and provide a decision. Applying does not guarantee approval or funding. Final approval and funding are subject to verification of your identity and application information, qualification requirements, and signing all required loan agreements.

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.

Get a Personal Loan That Makes Sense

Before accepting a loan, review the approved loan amount, interest rate, scheduled payments, repayment period and any applicable fees.

Only accept a loan if you understand the terms and determine that the scheduled payments fit your budget. Visit Cash 4 You to apply online or learn more about applying at an Ontario location.

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? A personal loan may help cover eligible vacation expenses. You may apply for a Cash 4 You personal loan of up to $15,000 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.

Smart Uses For Your Personal Loan

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Thinking about taking out a personal loan? If you are considering how loan funds might be used, Cash 4 You can help you explore available installment-loan options. Approval and available loan amounts are subject to verification and qualification requirements.

Personal Loans and Your Financial Needs

What can personal loans be used for? Approved personal-loan funds may be used for eligible personal expenses, subject to the terms of your loan agreement.

Before borrowing, consider the total cost of the loan and whether the scheduled payments fit your budget. Your repayment period, interest rate, payment schedule and any applicable fees will be disclosed before you sign.

Here are some ways borrowers may consider using approved personal-loan funds.

Consider Debt Consolidation

An approved personal loan may be used to pay down higher-interest debt. However, consolidating debt does not guarantee savings or an improved credit score.

Compare interest rates, applicable fees, repayment periods and the total cost of borrowing before making a decision. Only borrow an amount you can reasonably repay and make each scheduled payment according to your loan agreement. No prepayment penalties apply.

Make Home Improvements

Approved personal-loan funds may be used for eligible home-improvement expenses, such as updating a bathroom, repairing a kitchen or painting your home.

Unlike home-equity borrowing, an unsecured personal loan does not use your home as collateral. Home improvements may affect the resale value of a property, but results vary depending on the project, cost and market conditions.

Handle Unexpected Expenses

Unexpected expenses can place pressure on your budget. An approved personal loan may be one option for covering an eligible emergency expense, such as a vehicle repair or veterinary bill.

Before borrowing, review the cost of the loan and determine whether you can make the scheduled payments according to the loan agreement.

Finance a Vehicle-Related Expense

Approved personal-loan funds may be used for eligible vehicle-related expenses. Compare the interest rate, repayment period, applicable fees and total cost of borrowing with other financing options before making a decision.

Cover a Major Life Expense

Approved personal-loan funds may also be used for eligible personal expenses such as a wedding, necessary travel or another major life event. Consider the total borrowing cost and your ability to make the scheduled payments before taking out a loan.

Apply for a Personal Loan

Eligible Ontario residents can apply online or at a Cash 4 You location for an installment loan from $500 to $20,000, subject to verification, qualification requirements and final approval.

After you submit your application, we will review your information and provide a decision. Applying does not guarantee approval or funding. Final approval and funding are subject to verification of your identity and application information, qualification requirements, and signing all required loan agreements.

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.

Review your interest rate, payment schedule, repayment period and any applicable fees before signing. No prepayment penalties apply.

Fund These 4 Essential Home Improvements With An Installment Loan

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It happened again. You started your washing machine before heading to work and came home during your lunch break to find a giant puddle covering the floors in your laundry room and nearby kitchen. Only this time, the leak from your 20-year-old washer has caused pretty substantial water damage to your flooring. The beautiful laminate flooring you installed a few years ago is now a soggy mess and the laminate floorboards are now warped beyond repair. This was the leak you’ve been dreading.

With spring right around the corner, now is the perfect time to start planning all those springtime home improvement projects you’ve been putting off. Whether you have a sudden need for a home improvement project, or you have been daydreaming about the day you can finally update those hideous 1980s melamine cabinets with oak trim in your kitchen, an installment loan of up to $15,000 with Cash 4 You can fund your upgrade. When you’re searching for “money lenders near me,” choose the Top Rated National® loan experts that can get you the money you need instantly with a personal loan that simply makes sense.

Ways to Use Your Installment Loan for Spring Home Maintenance

Check out these helpful hints for springtime home improvement musts.

Replace Outdated Home Appliances

After you run the dishwasher, do you go to put your dishes away only to find that chunks of food still cling to the plates? Does your washing machine spring a leak each time you wash a load of laundry? Does your dryer make a loud banging sound signaling that it may have fallen off its track?

If you answered yes to any of these questions, it might be time to bite the bullet and update your outdated, inefficient appliances — and an installment loan can help! Appliances have come a long way in the last decade. They are being built to be more efficient, more eco-friendly, more cost-effective, and designed to last longer than ever before. Upgrading your appliances can not only improve efficiency, but you’ll likely save money on your utility bill each month,

Install New Windows

We’re lucky enough to have all four seasons here in Ontario, which means you’ll need protective windows that can keep the cold air on those chilly days out, and keep the cool temperatures in on those warmer days. When you have leaky windows, warm summer air can sneak in while letting the cooler conditioned air seep out. Conversely, drafty windows can make a cold day outside just as chilly inside your home. Either way, not only is your comfort reduced, but you’re spending more money to keep your home at a comfortable temperature.

Use your installment loan to replace drafty windows with an efficient window system that protects the interior of your home from all the elements.

Install New Plumbing Fixtures

Whether your plumbing fixtures look ugly and outdated, or they are prone to leaks, upgrading your plumbing is always a great way to maintain the aesthetic and function of your home. Additionally, you can save money on your monthly utility bill by installing more efficient, eco-friendly plumbing features. This is especially important if you plan to sell your home. Installing new pipes and plumbing fixtures that are energy-efficient adds value to your home and are highly enticing for potential buyers. What’s more, plumbing upgrades can help prevent future problems from occurring.

A personal loan of up to $15,000 can fund several plumbing upgrades to help you live comfortably and enjoy a potential return on your investment!

Update Your Flooring and Countertops

There’s nothing quite like the feeling of walking over freshly-laid carpet or new laminate flooring. Additionally, installing new flooring can add a touch of newness and elegance to your home that reflects your unique style. In addition to new flooring, replacing or resurfacing your countertops is a great way to get rid of outdated styles and colors that hinder your home’s aesthetic.

One of the best places to start is in the kitchen. The kitchen is essentially the heart of the home where we gather to cook, eat, hang out, and laugh together. Investing in new kitchen flooring and countertop upgrades will give you a beautiful place to congregate with your family and friends, while also increasing the value of your home, should you decide to sell down the road.

Fund this smart home improvement with an installment loan and enjoy relaxed repayment terms that fit your budget and lifestyle.

Get Approved for an Installment Loan

When you want to update your home with new appliances, floors or cabinets, or make necessary seasonal repairs, an installment loan may help fund your home improvements. Apply online or visit Cash 4 You to apply for an installment loan of up to $15,000.

Submitting an application does not guarantee approval. Applicants with different credit histories may apply, but approval is subject to verification and qualification requirements. Final approval and funding also require 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.

Visit Cash 4 You to learn more about the available loan options for your home improvements. Apply online or find a Cash 4 You store near you.

Need a loan in a smaller amount? You may apply for a payday loan of up to $1,500. Submitting an application does not guarantee approval. If approved, choose Interac e-Transfer or direct deposit. Your repayment date, applicable costs and available repayment methods will be set out in your loan agreement.

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!