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.
Is It Possible To Get A Short-Term Loan After Filing For Bankruptcy?
Bankruptcy may sound scary, but it doesn’t mean it’s the end of the world. Let’s find out how you can get a loan after declaring bankruptcy.
Filing for bankruptcy is the most difficult financial problem. The process of filing for bankruptcy is not easy, but rebuilding your financial resources and credit score is even more difficult. During or after the bankruptcy you might feel that you need an urgent loan. It seems impossible to get a loan after declaring bankruptcy. But some lenders offer some loan options during this hard time.
Getting a loan while bankrupt
Though the options are limited, it is possible to get a loan. The loan fees and interest rates vary from lender to lender. Canadian Cash Solutions is a financial service provider that is merged with multiple lenders across Canada. We offer bankruptcy loans with very affordable interest rates. You can secure the loan using any valuable asset like a vehicle, house, jewelry, etc.
Is filing for bankruptcy good?
You might feel like you have made a wrong financial decision. But that’s not the right way to look at bankruptcy. It is the first step towards financial stability. Look at the bright sideand you’ll end up with a promising economic future.
By filing for bankruptcy
- You can protect your valuable assets from the creditors.
- There will be no reduction in the salary.
- You will be provided with counseling where tips will be provided on financial management.
- Your creditors can’t take any legal action against you.
- You don’t have to pay all of your debts.
Take the first step towards getting your finances back on track. Let us help you by finding an expert bankruptcy trustee that can provide you with the best solution.
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