Once you realize you need a little extra help covering unexpected bills or repairs, you’ve got the easy part over with. The hard part is finding a lender that can provide you with a responsible loan that covers small cash shortages. For the first time borrower, the lending industry may seem like a complex world you have no hope of navigating, but with a little bit of time and effort you can search out a loan like a pro.
payday loans
Landing a loan with reasonable rates, terms, and conditions will require some light online reading, but don’t worry! There are reputable lenders of short term loans, like GoDay.ca that make this complex task simple. These kinds of lenders offer fast, convenient, and responsible access to cash with a simplified process to eliminate confusion or delay.
As long as you are a Canadian over the age of 18, with a functional bank account, valid email or phone number, and proof of income, you can get started by filling out an online application form. Once you submit your application, you’ll find out whether or not you qualify for assistance within as few as 5 minutes. This basic contact and financial information may need verification further on in the borrowing process, so don’t be surprised should your lender require to contact you after you qualify. Even with this additional clarification, these online cash advances remain a convenient alternative to conventional lenders because they facilitate your loan quickly. In some cases, you can receive same day assistance once approved.
Of course, when it comes to your finances, convenience isn’t your only priority. You need to make sure the lender you choose can provide a responsible way to cover unexpected cash shortfalls. You can make sure your chosen lender will keep you on financial track by confirming they:
  • Are compliant with provincial loan regulations,
  • Are a member of the Canadian Payday Loan Association (CPLA),
  • Provide easy, quick, and convenient online access to cash,
  • Are careful with personal information via a secure online platform,
  • Offer budgeting tips and financial information in addition to their loans, and
  • Are available by phone, email, or chat to answer any questions.
Don’t be discouraged by the lending industry. Armed with this knowledge, you can make an informed choice about your financial assistance. When you can confirm your lender has all of the above, you can feel better about the source of your loan. You’ll have a better chance of accommodating your cash advance’s repayment schedule, so its addition to your budget won’t upset your finances.

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