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Bad Credit Personal Loans in Canada.This post has been updated on Mar. 10 th, 2019 to reflect new developments in the Canadian credit markets for people with less then perfect credit. I receive many request daily from people who want to borrow small amounts of money short or medium term, people who usually have nobody else to turn to because they have bad credit. It breaks my heart reading these requests, but Im not in the business of lending money and unfortunately I cant help them out. The way Im trying to help out is by educating people to avoid debt whenever possible, or at least to use forms of credit that wont cripple them financially down the road. I understand that when you have a poor credit and the rent is overdue, or you have an emergency, sometimes you have to bite the bullet and borrow from a private lender that demand high interest on their loans, but such bad credit loans should be dealt with swiftly to avoid going into a never ending debt spiral. I see signs of restricting personal credit in Canada everywhere lately. |
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