FLEXILOANS | Instant Short Term Loans in Canada No Credit Check

No matter how well you juggle your finances, things do fall apart. If you are also facing a cash crunch because of an emergency, lending money is the most sensible way to manage the dire situation. But for many people, lending a small amount ends up in a debt trap. It is not because they did something wrong; it is just they chose the wrong lending option. This is what today’s post is about. We will evaluate the two most popular instant lending options, i.e., short term loans in Canada and payday loans. Payday Loans Payday loans are the instant small-dollar loans usually of $500 or more that you have to repay in a single payment on your next payday. This type of loan offers you immediate financing within a few hours but charges a very high application processing fee and predatory interest rates in the range of 300% to 600%. Rollovers in payday loans are very common, and there are many reports that suggest that the majority of the borrowers take out a second payday loan within a

A credit score is a three-digit number that is used to determine your creditworthiness. Many credit rating agencies determine your credit score based on your credit report that includes various factors such as loan repayment, credit utilization ratio, and the number of loans. If we talk about the FICO credit score, it usually assigns a credit score between 300 and 850. A score below 670 is termed a bad credit score. Traditional financing institutions consider any score below 670 bad, but actually, it is not bad. A credit score in the range of 580 to 669 is rated fair, and any score between 300 and 579 is rated poor. Here are The Fico Score Ranges: 300-579: Poor         580-669: Fair 670-739: Good 740-799: Very Good 800-850: Exceptional   How to Get Bad Credit Loans? Credit score plays an integral role when you apply for loans. Banks and traditional financial institutions do not offer loans with a bad credit score. But, you can easily get bad credit loans from indepen