Payday loans are a financial lifeline for many Canadians, but they come with costs and responsibilities that borrowers must understand. This quick guide explains what payday loans are, how they work, and the regulations governing them in Ontario, Nova Scotia, and British Columbia (BC). Let’s dive in. What Are Payday Loans? A payday loan is …
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READ MOREThe New Year offers a perfect opportunity to reflect on your financial habits and set meaningful goals. Establishing clear financial objectives can help you gain control over your money, reduce stress, and build a brighter future. This comprehensive guide will walk you through the steps to set, achieve, and sustain your financial goals for the …
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READ MOREIn today’s fast-paced world, unplanned expenses and cash shortages can happen to anyone, leaving many looking for a swift and convenient financial solution. If you live in Toronto and find yourself facing a temporary financial crunch, payday loans offer a quick way to bridge the gap. This article will break down what payday loans are, …
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READ MOREThe Future of Personal Finance: Trends and Tools to Watch Personal finance is evolving rapidly, driven by technological advancements, changing consumer behaviors, and the increasing importance of financial literacy. As we look to the future, several emerging trends and tools are set to revolutionize how we manage, invest, and grow our money. Whether you’re a …
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READ MORENavigating financial hardships can be a daunting task, especially when unexpected expenses arise. Whether it’s an urgent medical bill, car repair, or a sudden job loss, having access to quick financial support is crucial. Instant loans can offer a lifeline in these situations, providing immediate relief and flexibility. In this blog post, we will explore …
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READ MORECredit scores are crucial for managing your finances in Canada. They significantly determine your eligibility for loans, credit cards, mortgages, and even rental applications. Understanding how credit scores work and improving yours can significantly impact your financial health. This comprehensive guide will delve into the mechanics of credit scores in Canada and provide actionable tips …
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READ MORENavigating financial challenges requires a solid understanding and effective debt management. For many, the journey toward financial stability can seem overwhelming, especially without the right strategies. This guide explores various strategies to help you manage and potentially reduce your debt burden. We’ll provide insights into practical steps for budgeting, debt consolidation, and negotiating with creditors …
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READ MOREIn a world where economic uncertainties often loom large, financial stability becomes more than just a matter of bank balances—it directly influences our mental well-being. The link between financial decisions and mental health is intertwined, with each influencing the other in profound ways. For many Canadians, the weight of financial strain can have significant psychological …
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READ MORELife is full of surprises. While some surprises bring joy, others like unexpected financial burdens can be extremely challenging, especially when they arise without warning. From unforeseen medical bills to sudden car repairs or a job loss, emergency financial situations are a reality for many Canadians. The question then becomes: how does one navigate these …
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READ MOREWhile Canada is lauded for its universal healthcare system, it isn’t immune to the occurrence of unexpected medical bills. From non-covered treatments to prescription costs and auxiliary medical necessities, Canadians can sometimes find themselves facing unforeseen medical expenses. These unexpected costs can be stressful, especially when coupled with the emotional strain of a health concern. …
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READ MOREIf you have any questions about Money Direct products and services, please send us an email and our staff will be happy to assist. For loan application inquiries, call directly or visit any of our convenient locations across the GTA, Nova Scotia and British Columbia.
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*The Cost of Borrowing at Money Direct in Ontario is $14.00 per $100 advanced. On a $500.00 loan for 14 days, the total payback amount is $570. Total cost of borrowing $70, 365.00% APR. The maximum allowable cost of borrowing under the Payday Loan Act in Ontario is $14 per each $100 advanced. The Cost of Borrowing at Money Direct in Nova Scotia is $14.00 per $100 advanced. On a $300.00 loan for 14 days, the cost of borrowing is $42, with a total payback amount of $342. The maximum allowable cost of borrowing under the Consumer Protection Act in Nova Scotia is $14 per each $100 advanced. The maximum allowable cost of borrowing under the Consumer Protection Act in British Columbia is $14 per each $100 advanced. Payday Loans are High-Cost Loans.
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