Announcement!

IT’S ALIVE, IT’S ALIVE! Prudent Financial Services is proud to announce we have officially launched our all new website.

Our site is filled with useful tools and links to make managing your money easier.

Need a credit report? Click through our Useful links section
Use our Budget worksheet to manage your personal finances
Buying a car? Request your car proof history report
How much should you spend on a home? Find out through the Mortgage Calculator

And we’ve gone social! Join us on Facebook, Twitter, You Tube and BlogPages for daily scoops on saving your money with free movies, restaurant freebies, great outdoor activities for the whole family across the GTA as well as all the essential financial facts you really must know – and often don’t!

And much, much more.

Go ahead, check out the link below and take a peek for yourself.
http://www.prudentcreditrepair.ca/

Had a payday loan lately? Find out how much more you could have saved with Prudent
http://prudentfinancial.net/nopaydayloans.php

Please feel free to leave comments on any of our Social Networking Sites as we're eager to get your feedback!

Getting sucked into the Payday loan spiral

You hear and see the payday loan advertisements everywhere. At every corner and all over the internet you will see” Borrow $500 in 15 minutes, no credit check required!” Sounds convenient and easy right? In reality, it really is that easy HOWEVER it’s easier to get sucked into the payday loan spiral.

The Problem

The problem with a payday loan is that you’ll become trapped in a web that’s impossible to escape. With a payday loan you are borrowing against a future pay. The interest rate is extremely high so when 2 weeks roll around and you can only afford to pay off the interest, you carry the loan forward and then the next pay turns into the next pay and before you know it, you’re not paying off the loan and wasting ALOT of money on interest.

What To Remember

You must remember that a payday loan company is disguised as a beneficial route for you but they are happiest when you’re paying them a good chunk of money on interest rather than paying off your loan. This is how they survive. You must also keep in mind that if and when you default in payments, it will be reported to the credit bureau and your credit score will be tarnished.

What Are My Options

You should avoid taking out any more payday loans, seek other alternative lenders that offer a better interest rate. More traditional lenders will even help rebuild your credit by reporting all payments to the credit bureau.

Since 1984, Prudent Financial Services has been specializing in repairing credit with open, affordable, same day loans to discharged and undischarged bankrupts, people whose proposal is almost paid off, or people with paid off debt who still have bad credit scores.

Save your money, your credit rating and your financial health. For more valuable tips and information, visit our facebook page at www.facebook.com/prudentfinancial

Think smart. Think Prudent.