All loans are subject to credit and underwriting approval. Further documentation may be requested from you. Canadian Cash Solutions is not a lender but a lead referral company and may be compensated for its referrals. Loans range from $300-$2.1 million (additional for mortgages) with terms of approximately 2 months to 72 Months (additional for mortgages). APRs range from 2.5% to 29% and will be dependent upon our partner's assessment of your credit profile. For example, on a $1200 loan paid monthly over 12 months, a person may pay $114.05 per month for a total of $1368.64 over the course of the entire loan period. This amount includes our partner's optional loan protection policy. In the event of a missed payment, you are subject to an insufficient funds fee from about $30-$70 (dependent on the lender). Once a loan is in default, your payment plan will be terminated. Different collection methods may be employed to collect your remaining balance. Failure to pay will result in possible legal action and any outstanding debt may be pursued by the full extent of legal options. Our lenders employ fair collection practices.
Note: Canadian Cash Solutions and its affiliates will never ask or charge you any pre-qualification or application fees. Canadian Cash Solution is not a lender but a leading referral company in the finance industry. Canadian Cash Solutions and all of its financial partners adhere strictly to Canadian laws and regulations. To protect yourself, read more on this topic here.
5 Ways to Double Your money
Who doesn’t wishes for their money to double over the night? We sure do. However, this is not possible if your money stays there sitting in your pocket.
Unlike scams that make false promises like “Double your money, fast! We have five (5) tried & tested method of doubling your money:
Invest in a 401 (k) plan
The safest and the easiest way to double your money is by setting up a 401 (k).
Not only does putting money in 401(k) plan reduces income taxes it also provides you with an opportunity to increase the amount when you employers matches your contributions.
Bonds are like fixed-income investments. They are loans that you offer to a company or the government in exchange for interest payments. Purchasing bonds are a good way of more money from the money that already process. However, as nothing comes without risks, you are at the risk of losing your money in case the company that you invest in goes down. “The two main functions of bonds in an individual’s portfolio (and not as free-standing assets) are hedging against equity risk and generating steady income”
If you like risks, we suggest that you set your eyes on foreclosures and retain a house as rental. While the rent will cover the mortgage, any additionally amount, could be a surplus.
Although stocks come with a risk of fluctuations and it might take some years to double your money, but if you invest wisely, you could make a hefty amount. “The historical average annualized return of the S&P 500 index from 1926 to 2010 was about 12 percent. At 12 percent rate of return, you could double your stock market investment in six years.”
However, it is important to note that stocks fluctuate and require a lot of patience.
Set up a small business
Successful businesses not only double your base wealth, but they also provide you with a steady source of income. If you’re already working a full time job, you can always set up a small side business with a friend or partner. However, make sure that you give your business, no matter how small, enough time and effort. Many small businesses fail due to owners’ lack of time and dedication to the cause.