By | December 14, 2013

Applying for payday loans canada has become much easier recently. There are three minimum criteria you have to fulfill in order to be eligible to apply for a payday loan. The first criterion is you must be eighteen years old. The second criterion is you must have a regular or monthly income. In other words, you must already have a main job. The third criterion is you must have a bank account. The bank account must be active and under your name. Moreover, a payday loan can save your financial crush.

There must be a proper financial strategy before applying for a payday loan. You should define how much money you exactly need. Then, you must only borrow money that you can afford it. Doing research about payday loans is highly suggested. The rates of interest applied in a payday loan are quite high and sometimes the rates of interest can be up to four hundred percent. Make sure you will not do late payment. Hence, before the due date of repayment time, you must ensure that you can get sources to pay back the loan. What is more, it is not recommended to always apply for a payday loan every time you get financial problems.