Description: Payday Loans in Canada
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Canada is a large and relatively stable economy and it comes only naturally that its lending system is also well developed. The short guide below discusses the short-term loans available in the country, especially payday loans and cash advances.
Today, Canadian citizens find it increasingly difficult to set up a personal emergency fund which covers their unexpected expenses. Therefore the dealers of small loans are always busy offering them attractive cash advances and payday loans. In general, a cash advance is a certain amount of money given to a borrower before he has earned it. The money is often used to meet unexpected needs for financing such as, for instance, paying the deductible at a dental clinic or the service at a car repair shop. The a
A payday loan is a short term financing which is paid off when the borrower's next paycheck arrives, usually in two weeks time. In order to get a payday loan, it is enough to have an employment contract and a checking account. As a rule, lenders do not take into consideration the applicant's credit score when estimating his or her eligibility for a payday loan. See a list of the most popular bad credit lenders in Ontario .