Loans taken through referrals of Canadiancashsolutions will be subject to credit and underwriting approvals. Canadiancashsolutions is a leading mentor company and not a lender. Canadiancashsolutions only works with financial service providers that adhere to Canadian laws and regulations. Loans disbursed are from $500-$35,000 with terms from 4 months to 60 months or longer. APRs expand from 2.99% to 46.96% and will depend on our lending partner's assessment and evaluation of your credit profile. For instance, on a $500 loan amount to be paid over a period of 9 months, a borrower will pay $81.15 per month totalling $730.35 over a period of 9 months (Optional loan protection policy included). An insufficient fund fee of $45 will be charged per missing payment ( fee may vary depending on the lender). Failure of any sort shall lead to termination of the payment plan. For recovery of the remaining amount, collection methods will be used.
Fair recovery and collection practices are employed by our partners.
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.
How to manage your credit cards
Credit cards are a great addition to your wallet. However, just like everything else in the world, credit cards too require proper management.
We all have at some point carried several credit cards, all in hopes to optimize our chance of earing rewards to its maximum capacity.
However, as time passed, we soon realized that having way too many credit cards is good for nothing but headaches and stress.
It is no fun trying to remember paying off each card, neither is it fun remembering which card to use when. That’s like going through a lot of trouble for little or nothing.
If you are going through this phase, we suggest that you take a break and review your credits.
Skim down to the two cards that offer the best rewards and stick to using them for all of your purchases.
Closing credit cards that are good for nothing is also a suitable option. However, please remember that closing credit cards, especially ones that you’ve had for a very long time can hurt your credit score, so weigh your options carefully.
Monitor your spending
It is very important for you to monitor your expenditure. The biggest risk that comes with having credit cards is that they are so deceptive. One swipe and boom! You are the owner of a brand new laptop.
With credit cards at our disposal, we are all getting in the habit of spending money that we don’t already have.
It is very important for you to manage your budget and keep an eye on what you are using your credit cards for.
Take advantage of auto-pay
Credit cards come with the added advantage of you being able to set-up automatic payments in order to take care of your monthly bills. This means no more stressing out to make it to the post office in time to mail out your electricity payments.
Don’t hoard points!
If your credit cards give you rewards, we suggest that you use them without a lot of delay.
In many cases, you don’t get any prior warning when your points expire, or when the company readjusts how much each point is worth. So, if at like one point in time your 50,000 points could fly you to Asia, sometime later they could maybe get you a camera, only.
Always remember to pay off your debt!
Although, there is no easy way around this one, it is utmost important for you to pay off your credit cards within its due course. Aim for paying more than the minimum, in order to reduce the interest that you pay each month and to reduce the amount of time it would take for you to completely pay off your dues.
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