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easyfinancial is a non prime lender that provides credit to customers that are declined from banks and are looking for a cheaper alternative to payday loan. We’re a fast, convenient alternative for getting the money you need. A simple 7-minute application process can put up to $45,000 in your pocket in less than 24 hours.
We offer unsecured loans up to $15,000 and secured loans of up to $45,000 with terms from 9 to 120 months.
For starters we’re way cheaper than a payday loan! We provide personal loans with terms of 9 months to 120 months to help you take back control of your cash flow and to break the payday loan cycle. Also, we can provide you with up to $45,000 instead of the lower payday loan lending amounts.
We have a greater flexibility in terms of who we can approve and a lending criteria that’s easier to meet. When banks won’t approve we are here to help.
If you are amongst the many Canadian facing financial hardships as a result of the evolving COVID-19 situation, please reach out to your branch or our call center immediately to find out how we can help. We understand that these are unprecedented times and assure you that we are here to help and support you through these uncertain times. We are able to support you by offering the ability to temporarily defer a payment, or extend the term of your loan to help reduce the amount of your payments. As each case is unique, our team is trained to assess your individual situation and offer the solution that is best fit so please contact us and we will let you know how we can help.
No, applying for an easyfinancial loan will not affect your credit score. You will be able to see what you qualify for before deciding to proceed with the application. Only when you decide to proceed to get your loan will we need to pull the full credit report and it may affect your credit score.
The minimum requirements to qualify for a loan are:
We require the following documents:
2 recent pay stubs
You need to have a minimum monthly net income of $1,200 of which $1,000 must be full-time, part-time, self-employed, disability or pension.
This is determined on a case by case basis. We use many factors to approve applicants for a loan, including monthly income and credit score. We factor in your debt-to-income ratio (50%), debts in collections, car payments and monthly debt obligations. Those with bad credit (300-720) are encouraged to apply.
A soft inquiry is when your credit report is pulled for informational purposes and does not affect your credit score. A soft inquiry is simply a review of your credit report that's used to determine if you are eligible for a pre-approved offer and may be used to verify who you are. When a company conducts a soft inquiry, this is only visible to you, and is not seen by other lenders therefore it will not negatively affect your credit score.
A hard inquiry is when a credit report is requested from the credit bureau for the purpose of evaluating you as a borrower. A hard inquiry can affect your credit score and can be seen by other lenders. However, keep in mind that hard inquiries are only one of the five major factors that help determine your credit score. Other factors such a payment history and credit utilization play a much bigger role in determining your credit score.
No. You need to be employed at the same company for at least 6 months; however, if you are a customer and find yourself unemployed, we are happy to help. Please call our customer service support team at 1-866-327-9597 for more information.
Yes, all our credit checks are hard inquiries.
Having a co-applicant can not only help you get approved, but can also get you access to higher loan amounts and an automatic 2% interest rate reduction!
Even if your credit is low or you have no credit history, we can help get you approved for a loan. Your credit score is one part of the decision process but we also look at other factors to help get you approved.
If your name is not on the mortgage and you don’t pay property taxes, then you are not considered a homeowner. To qualify for a secured loan, you need to provide mortgage statements and property tax documents.
Our interest rate is 19.99 – 46.96%. For more information on this please view our responsible lending page.
Our simple application process takes approximately 7-minutes.
We provide a decision on your application within 30 minutes.
You can choose to get your loan funds via Interac e-Transfer, on a goeasy MasterCard, or by EFT (electronic funds transfer) that gets the funds deposited to your bank account.
To get your loan funds via Interac e-Transfer, you need to have a working email address, a mobile device with SMS capability, and a bank account with an institution that supports online banking/e-Transfers.
Yes, it is secure. Your money does not travel by email or text message- only notifications and deposit instructions do. Your financial institution and the recipient’s financial institution exchange funds using established and secure banking procedures.
We offer personal loans with terms of 9 months to 120 months providing you with the flexibility you require.
Loan payments are made through our pre-authorized payment plan. Pre-authorized payments are an automatic withdrawal from your bank account each time your payment is due.
We know unexpected events can happen. If you think you might not be able to make payment on time, or recently missed a payment, contact us at 1-855-441-3279 immediately. We can work with you to figure out a solution that works for you.
Yes, please call us immediately at 1-885-441-3279 to see how we can help. You may know that bankruptcy or consumer proposal can stay on your credit record for several years and set your financial goals back even further. We can assess your options for the loan you have with us, to help ease your situation.
If you cannot make payment, please let us know 2-3 days prior to your payment date to avoid NSF fee.
When you have extension in NSF or skipped payments, all that interest collects. Until you make up the payment, the balance will still remain high. Make additional payments towards the loan to cover the NSF charge and skipped payments.
Make extra payments. Be sure to not make the payment the same time your contractual payment comes out.
Call TransUnion at 1-800-663-9980. They can answer questions about your credit file and help you have any errors corrected.
Contact our partner ScoreNavigator at 1-866-298-3562 or by email at [email protected] and they can help log in to your account.
Follow these steps:
You’ll get an email right away with a link to reset your password
Follow the instructions that were sent to you in an email with the subject line ‘Set up your creditoptimizer account’. If you can’t find the email please contact our partner ScoreNavigator at 1-866-298-3562 or by email at [email protected].
PIN stands for Personal Identification Number. It’s a 4-digit security code used to verify your identity when you log into creditoptimizer. It’s a security feature that, along with your password, helps keep your information safe.
Follow these instructions:
You'll get an email right away with a link to reset PIN. As a security precaution, you’ll need to reset your password whenever you reset your PIN.
First make sure it’s not a password issue.
If the address is a match in our records, you'll get an email right away to reset your password and you’ll know it’s not a username (email address) issue, it’s a password problem. Reset your password and you’ll be set to log in to creditoptimizer.
If you don’t get the password reset email contact our partner ScoreNavigator at 1-866-298-3562 or by email at [email protected].
Log in to creditoptimizer and click on ‘My Account’ in the top-right corner of the screen. From there, you can edit your password and (or) your PIN.
Log in to creditoptimizer and click on ‘My Account’ in the top-right corner of the screen. From there, you can update your email address, password, PIN, phone number, security question and answer.
Please make a note that changing the email address associated with your account does not change your username, which will remain the email address you used when you first activated your creditoptimizer account.
No. To make any changes to your easyfinancial loan please give us a call at 1-888-502-3279 or send us an email.
It’s used by lenders, like us, to assess an applicant's creditworthiness. It’s one of the tools we use to help us determine whether we or can lend money to them and, if we can, how much money we can lend.
Log in to creditoptimizer and go to the dashboard. It's a number between 300 and 900.
You'll get an alert sent by email.
Using your current credit score as your starting point, choose your ideal score, and enter that number into the Target Score field. Click 'Enter'. Your Target Score should be a number between 300 and 900 The Target Score Calculator results will suggest specific dollar amounts to put towards each of your tradelines (or debts) to help get you as close as possible to your credit score goal.
Choose a comfortable dollar amount and enter it into the Best Use of Funds field. Click 'Enter'.
The Best Use of Funds Calculator will suggest how much of that amount to put towards specific tradelines (or debts) for maximum impact. It will also show you the potential credit score you may reach if you follow the suggested steps.
Your Dashboard is the central hub of information related to your credit profile. You'll be able to quickly access all of the tools and resources creditoptimizer has to offer, including your credit score and history, the calculators, and the free financial education library.
Consolidation loans can help by establishing 1 easy fixed monthly payment that you can afford. These loans allow you to take back control of your cash flow and allow you to get back on your feet. Our debt consolidation loans can help you pay off your debt faster.
This question has a complex answer that is better discussed in person or by phone, but with our loans we report to the credit bureau. This means that during your time with us you have the opportunity to impact your credit history in a positive way. Unfortunately, it takes up to 30 day or even longer for TransUnion or Equifax to update their records. Please be sure to check your credit report regularly for any inaccuracies.
Unlike payday loans, easyfinancial can lend up to $45,000 to help deal with those unexpected expenses.
There are several ways to build credit for new Canadians with no credit history. The three most common ways are through a secured credit card, mobile phone subscription plan, and personal loan. easyfinancial can help you build your credit with a personal loan and flexible payment options.
We are able to consider clients who have been discharged from past bankruptcy for at least a year. We have a credit savings loan called creditplus, which helps you rebuild your credit after bankruptcy.
Our loan protection plan is to protect you in case of job loss, injury, illness and in the worst possible case if you pass away. .
If you purchased a Home and Auto Insurance Protection Plan and have an emergency please contact 1-866-5-CANADA.
Yes! Our free financial education website, goeasy Academy has action-oriented articles, quizzes, videos and more to help you take greater control of your financial future and make smarter money decisions.
You may be eligible for a loan increase if you paid down 15% of your loan amount. Brand new loans are not eligible for loan increases.