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 zero your student loans
Student loan is one of the top financial headaches that you will be faced with during your midlife crisis. Even though they may not seem like a big deal right now, trust us when we say, defaulting on them will at one point or the other land in you in hot water.
In order to help you take action towards zeroing out your student loans, we have a few tips here:
Nothing in this world is accomplished without having the right mental attitude.
Start by reminding yourself of what you are paying for (your college education) and how great it would be to lift the weight of your student loans from your shoulders.
Review your loans and come up with a plan
Pay attention to each minor detail of your student loans. Make use of the many repayment calculators available and learn how much it is that you need to pay each month to be able to pay off your loans in a specific amount of time.
Decide on a budget and stick to it!
This might not sound very fun, but hey! It is all for the greater good. Setting up a budget and sticking out prepares you for the real world. Set up a reasonable budget that takes your living expenses into account and gives you room to start making payments towards your outstanding student loans.
Set up an emergency fund
Something terrible can happen at any point in time. Perhaps your trusty laptop stops working, or perhaps your car breaks down. An emergency fund should always be set up as a part of your budget, so that you don’t need to pull funds from other areas of your budget in order to deal with an emergency. Start by setting aside $500 for your emergency fund and slowly raise it to $1,000.
Make payments while in school
The sooner the better. There is no such things as starting too early when it comes to paying off your student loans. We suggest you that you start paying off your student loans, while you are in school. Instead of spending money on items that you don’t really need, put your extra cash towards a good cause – and there is no greater cause than getting an education.
It is very important for you to understand that some loans start accruing interests while you’re still in college, and by the time you graduate the amount grows so huge that it could take years and years of hard work to pay it off.
Seek help from your employer
While some employers offer to assist you with your student loans, there are some that even help with paying them off completely, as a part of your benefits package. Bring up the idea of paying your debt.
You can also follow us on Social Media platform.