No amount of budgeting and careful planning can prepare you for unexpected expenses. Whether you have good credit, bad credit, or no credit, applying for a Canada Payday Loan can offer you easy access to cash, but with such high annual percentage rates (APR), you may get stuck in a never-ending cycle of debt. LoanConnect offers Canada Payday loan alternatives with much lower rates so that you can safely pay off your loan at a repayment schedule that works for you. Apply today to get instant access to fast cash. Here are 10 reasons you might need to apply for a Canada personal loan.
#1: Credit Card Bills
Credit card payment loans help you get on track of your credit card bills for those times when there’s not enough income to go around. Credit card payment loans are fast and simple loans that bridge the gap between now and your next paycheck, so your credit doesn’t have to suffer. Plus, you can expect a lower APR so that you can pay off your debt faster.
#2: Unexpected Car Repairs
Sometimes, luck isn’t on your side. A popped tire, an axle realignment, or a new set of brake pads can cost a small fortune. This type of unexpected yet necessary cost can easily blow your weekly budget and put you in the red. A personal loan helps you pay for your essential car repairs so that you can get safely back on the road.
#3: Medical Bills
While we are fortunate to have a public health plan that covers most of our medical expenses, there are certain situations where we have to pay out of pocket. If you aren’t privately insured, you will have to pay for certain medical costs and procedures, such as prescription drugs, eye exams and glasses, and cosmetic surgery.
No matter what, you need to feed your family. It’s normal for the fridge to empty before the next paycheck comes along. Whether your job supports a family or not, there should be no reason why you should go hungry. Canadian personal loans are quick and easy, which allows you to go shopping the very same day you apply.
#5: Emergency Pet Services
Nothing is worse than when our pets have to be rushed to the vet. There are so many ways our beloved companions can get hurt, and we would do anything to heal them. However, vet bills are staggering, and if you don’t have insurance, you’ll likely need some extra help paying for the unexpected expenses.
#6: Rent/Mortgage Payments
Never be late on your rent or mortgage payments again. Missing a cell phone payment is one thing, but of all the bills to pay on time, your home is the most important. Late or missed payments puts you and your family at risk. Keep your landlord and your mortgage lender happy by paying consistently and on time.
#7: Last-Minute Trips
There are many reasons to travel that have nothing to do with fun or leisure. Visiting a sick friend or helping out a family member in trouble may require an unplanned airline ticket purchase that can cost well over a thousand dollars. Don’t let your financial difficulty prevent you from getting where you need to go.
#8: Home Repairs
A leaky roof, a broken window, a dishwasher that doesn’t want to work: Not all home repairs can be covered by home insurance. Home repairs typically can’t wait for the next paycheck to come along, so if you need something fixed now, a personal loan allows the repair team to come to your home faster.
#9: Dentist Visits
Nobody likes going to the dentist. And with such a high price tag for every visit, it’s no wonder. If you’re not privately insured, your regular check up can eat up every last dollar you have until your next paycheck. An easy personal loan will allow you to stay on top of your oral health without breaking the bank.
#10: Daily Expenses
Ultimately, payday loan alternatives cover everything in between. If your funds are running a little low and you don’t think you can make it until your next paycheck, join the many Canadians like you who have applied for a small loan to receive instant cash until your payment rolls in. No matter what your credit looks like, LoanConnect will help you find a loan term and interest rate that works for you!