Loan
Debt consolidation loans are on the rise. But what is a debt consolidation loan, and does it hurt your credit score?
Have you ever heard of peer-to-peer lending platforms like Lending Club? It’s a loan service outside the traditional banking system that matches retail investors with borrowers. Basically, if a borrower asks for a $2,000 loan, one investor can fund the entire loan, or a bunch of investors can pitch in to help fund the borrower’s […]
Many people automatically equate alternative lenders to payday lenders and therefore don’t consider them as a legitimate financing solution. The most common assumption is that alternative lenders are a last resort, high interest scam, when in fact, alternative lending refers to any lending done outside of the traditional bank system; and for some, it’s actually […]
Canadians looking for some extra cash can now turn to the post office. Canada Post officially launched a new personal loan program in partnership with TD Bank Group. Canada Post says that the new program, called the Canada Post MyMoney Loan, responds to Canadians’ desire for fair, transparent, and more affordable loans. The product began […]
