FLEXILOANS | Instant Short Term Loans in Canada No Credit Check

The most common reason a bank or traditional financing institution denies you a loan is the bad credit score. This leads borrowers to the question, how to get a loan with a bad credit score? Well, there are many private lenders who can offer you bad credit loans but keep in mind not all debts are equals. The terms payday loans and payday loans alternatives are very much popular in the world of bad credit financing. Payday loan debt gets you into a vicious cycle of debt, while payday loan alternatives in Canada can pull you out of a dire situation.      Here is an explanation of how you should try to get a bad credit loan: If Not Urgent, Improve Your Credit Score This advice might not be valuable for those who are in urgent need of money, but if you do not need emergency funds, it is the best idea to try to improve your credit score. Payout your outstanding debts, wait for them to reflect into your credit score, and then try applying for loans. This approach is righ...

If we try to divide the credit or loan repayment, it can be fundamentally divided into two types: revolving credit and installment credit. In this post, we will be going to discuss these two types of loan options. Installment Credit Installment credit is a type of lending option in which you have to repay the loan amount in monthly or weekly installments as per the predefined schedule. You have to make the periodic payments, and the full repayment ends the credit cycle. In this type of loan, you lend a certain amount from your financing institution or lender and repay the loan in installments. Personal loans, home loans, and private installment loans in Canada are some examples of installment credit. Revolving Credit Revolving credit is a type of lending option that offers you flexibility in the term of repayment and replenishes the credit limit as soon as you pay the existing debt. In this type of lending option, you do not borrow an upfront amount; instead, get a line of cre...

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 ea...

There are many different options for financing out there in the financing world, and many different terms have been used. But essentially, there are two types of credit: one is fixed, and the other is variable. Most of the financing options can be categorized into these two types. Fixed credit is a typical installment loan where you have to repay the loan in a fixed number of payments over a set period of time. Whereas, in variable credit, you have the flexibility to repay the loan in a flexible number of payments over a flexible period of time depending on the terms and conditions of a loan, and you can also re-borrow the money up to the agreed limit as you pay off the debt. In this post, we will find out how an instant paperless loan with revolving credit works. How Does a Revolving Credit Loan Work? As explained above, revolving credit is a flexible loan. What actually it means is you can re-borrow the money once you paid off the debt. To easily understand, you can consider...

The times when you are facing a financial crisis, getting a bit of financial help is the only way you can recover. That is when fast cash same-day loans come into play. This is a loan for a small amount of money that you can get, either online or locally. Why Do People Take Out Loans? 86% of borrowed money is used for essential food and utilities 24% on fuel 42% on extras, holidays, clothes, luxury travels The rest of it for kids’ education and their demands Things to Know Before Applying for a Fast Cash Loan Terms and conditions and every information in between about lenders. The maximum loan amount The time given to repay the loan Rules for eligibility The minimum monthly salary required for getting a loan. The fees cut by lenders and interest rates set by them.  Fast Cash Loan Application Requirements Ø     While some loan lenders may not require faxing of documents like your pay stub and a utility bill, other companies might require you to fax the documents f...