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Prêts pour personnes ayant un mauvais crédit

Qu’est-ce qu’un prêt pour mauvais crédit?

Greetings, fellow Canadians! Today, we're decoding the Canadian Credit Card Saga by diving into the heart of Canadian finance – discovering the world of credit cards and solving the problem of interest charges. Grab a double-double and settle in; this is your friendly guide to navigating the intricacies of credit cards in the Great North.

How Do Credit Cards Work in the True North?

Imagine this: your wallet harbours a shiny piece of plastic, a superhero among cards. But what's the deal with credit cards, anyway? It's like having a tiny loan in your pocket. Using your credit card means borrowing money from the bank, and being the responsible Canadian you are, you'll need to pay it back, right?

Cracking the Code: How Do Interest Charges on Credit Cards Work?

Ah, interest charges – those uninvited guests in the credit card party. Let's unravel this financial lingo. Think of interest as the extra tip you leave for good service, except in this case, it's calculated on the amount you owe. We'll dive into the details, ensuring you're equipped to navigate the exciting INTEREST maze without breaking a sweat.

Calculating Interest on Credit Cards: A Friendly Guide

It's time to dig into the numbers. Calculating credit card interest doesn't have to be as complex as decoding a hockey playbook. We'll walk you through it step by step, ensuring you have the upper hand in your financial game.


Understanding the interest formula is key. It usually involves the principal amount (the money you borrowed), the annual interest rate, and the time the money is borrowed for. In Canada, interest is often compounded monthly, which means you're charged interest on the interest.

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Secured Credit Cards: A Financial Assistant for every Canadian!

Ever heard of secured credit cards? These are like the training wheels of the credit card bike, especially when you're building your credit. We'll spill the beans on how they work and why they might be your financial assistant on the journey to a favourable credit score.


Secured credit cards require a security deposit, usually equivalent to the credit limit. This deposit minimizes the risk for the credit card issuer and allows you to establish or rebuild your credit history. Over time, with responsible use, your security deposit might be returned, and you could even upgrade to an unsecured card with more perks.

Unveiling the Mystery: How Do Prepaid Credit Cards Work in Canada?

Prepaid credit cards – the ultimate budgeting tool or a fancy gift card? We'll unravel the secrets of these cards, their perks, and when they might be the right fit for your financial plans.


Prepaid credit cards work by loading a specific amount onto the card, acting as a financial safety net. It's like setting aside your weekly allowance but in card form. Since you're spending your own money, there's no risk of accumulating debt or dealing with interest charges. These cards are great for budgeting and teaching financial responsibility, making them a fantastic option for Canadians who want control over their spending. Be mindful of prepaid credit card charges. Some include a monthly ‘maintenance fee,’ a service charge included whether you use your card or not and is subtracted from the balance you keep on your card.

Cash Back Credit Cards: Because Who Doesn't Love a Little Extra Dough, Eh?

Ah, the sweet aroma of cashback. We'll explore the wonders of cash-back credit cards – how they work, why they're a Canadian favourite, and how you can make them work for you. Spoiler alert: it involves more smiling and less stressing.


Cash-back credit cards reward you for your everyday spending, putting a bit of extra dough back in your pocket. It's like scoring a hat trick every time you make a purchase. The cashback percentage varies, and some cards even offer bonus categories, like extra cashback on groceries or gas. The possibilities are – turning your regular expenses into a winning financial strategy.

Mastering the Art of Cash Advances on Credit Cards

Need some extra cash in a pinch? Enter cash advances. We'll let you know when it's a good move, when it's a last resort, and how to avoid potential falls. After all, nobody wants a financial frostbite. While cash advances can provide a quick influx of cash, they come with a cost – and in Canada, that cost is often high. Interest rates on cash advances are typically higher than those on regular purchases, and there might be additional fees involved. It's like leaping without looking – it might work, but it's risky. However, should you find yourself in a tight spot, consider exploring alternative options like personal loans. Companies like easyfinancial offer personal loans ranging from $500 to $20,000, even if you have no credit history. Before resorting to a cash advance, comparing these alternative options could save you from unnecessary financial strain.

Navigating the Credit Card Landscape with Bad Credit: Canadian Edition

Have a not-so-perfect credit score? Fear not! We'll guide you through the forest of credit cards designed for those bouncing back from a financial fall.


Bad credit doesn't mean you're side-lined from the credit card game. There are specialized credit cards in Canada tailored for individuals with not-so-good credit. These cards often come with a security deposit, lower credit limits and higher interest rates, but they serve as a stepping stone to rebuild your credit. By using them responsibly –making on-time payments and keeping balances low – you can gradually improve your creditworthiness and qualify for better financial opportunities.

The Rundown on Credit Cards with No Credit Check: Because Privacy Matters!

Are you curious about credit cards that don't pry into your financial history? We've got your back. We'll now talk about credit cards with no credit checks – when they make sense and why they're gaining popularity in Canada.


Credit cards with no credit checks are like a breath of fresh air for those who value privacy or are looking to establish credit without undergoing a traditional credit check. They typically require income verification and might come with higher fees, but the trade-off is worth it for some Canadians. It's like taking the scenic route to financial freedom – a bit unconventional, but it gets you there.

Qu’est-ce qu’un prêt pour mauvais crédit?

Now that we've covered the ins and outs of credit cards in Canada let's talk about finding the one that suits you best. The Canadian credit card market offers a variety of options, each with its perks and quirks.

Travel Rewards Credit Cards

For the adventurous Canadians out there, travel rewards credit cards can be your passport to savings. Earn points or miles for everyday purchases and redeem them for flights, hotel stays, or even the best sightseeing tour.

Low-Interest Credit Cards

If you're the cautious type and want to minimize interest charges, consider a low-interest credit card. These cards offer lower annual percentage rates (APRs), helping you save on interest if you carry a balance.

Student Credit Cards

Hey, students! There are credit cards designed just for you. These cards often come with lower credit limits and student-friendly perks, helping you build credit responsibly while you enter the books.

Business Credit Cards

Canadians with entrepreneurial spirits rejoice! Business credit cards have features tailored for business expenses, such as expense tracking, employee cards, and rewards on business purchases.

No-Foreign-Transaction-Fee Credit Cards

If you like to travel a lot or frequently make purchases in foreign currencies, a credit card with no foreign transaction fees can be your trusted assistant. Say goodbye to hidden fees and focus on enjoying your international adventures.

Qu’est-ce qu’un prêt pour mauvais crédit?

As we wrap up this Canadian credit card expedition, let's leave you with some tips to navigate the financial wilderness:

Check Your Credit Score

Before applying for a credit card, know where you stand. You can access your credit report for free in Canada through Equifax or TransUnion, and it gives you insight into your financial health.

Compare Interest Rates

Different credit cards come with different interest rates. Compare them to find a card that aligns with your financial habits and goals.

Understand the Terms and Conditions

Don't let the fine print and advertisements fool you! Take the time to read and understand the terms and conditions of any credit card you're considering.

Set a Budget

Whether you're using a secured, prepaid, or cash-back credit card, having a budget is crucial. It helps you manage your spending and avoid unnecessary debt.

Pay Your Balance in Full

If possible, aim to pay your credit card balance in full each month. This helps you avoid interest charges and contributes positively to your credit history.

Be Mindful of Fees

Credit cards may come with annual fees, late payment fees, or cash advance fees. Be aware of these fees and factor them into your financial plan.

Use Rewards Wisely

If you have a rewards credit card, make the most of your rewards by understanding how to redeem them effectively. Whether it's for travel, cash back, or merchandise, choose the option that maximizes the value of your rewards.

Qu’est-ce qu’un prêt pour mauvais crédit?

Congratulations, dear reader! You've embarked on a journey through the vast landscapes of Canadian credit cards. From understanding the basics to navigating the various options, you're now equipped with the knowledge to make informed financial decisions.


Remember, credit cards are tools – powerful ones when used wisely. Like a well-played hockey game, strategic moves and responsible practices can lead you to victory in your financial arena. So, whether you're dreaming of a cross-country road trip or saving up for that dream vacation, your credit card can be your trusted companion.


As you enter the world of Canadian credit, may your interest rates be low, your rewards plentiful, and your financial goals within reach. Until next time, keep a smile on your face, your Timmies close, and may your credit journey in the True North be as smooth as fresh maple syrup on a pancake.

Don’t let financial stress hold you back. Apply for a loan with us today and take control of your finances with our flexible loan options and speedy approval

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Mettre les Canadiens sur la voie d’un meilleur avenir financier

Nous nous sommes donnés pour mission d’aider nos clients à rebâtir leur crédit et leur admissibilité à des taux bancaires.

400+

établissements

au Canada

800M

clients

servis

93%

Taux de

satisfaction

60%

des clients améliorent

leur cote de crédit.

1sur3

passe à un

taux préférentiel

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Avez-vous des questions? Nous pouvons vous aider.

What credit score do I need for easyfinancial?

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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.

What is a soft inquiry and how is it different than a hard inquiry?

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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. 

What documents are needed to get an approval?

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We require the following documents:

2 recent pay stubs

  1. Last 90 days of banking information 

  2. 1 recent bill addressed to your current home 

  3. A piece of government photo ID