Starting lending in Canada? Here’s how to get licensed
Getting a lending license in Canada involves understanding federal and provincial regulations because each has its own requirements.
Reduce abandoned loan offers by 50% with fewer surprises
Hello 👋, Happy new month and welcome to December! We’ve finally made it to the last month of 2024—what a journey it has been! Time truly does fly, and it’s a gentle reminder that we should make the most of every moment. As the author Harvey MacKay once said, “Time is free, but it’s priceless. […]
What to do when you cannot repay your loan on time
Missing a loan repayment deadline can be stressful, but how you respond matters more than the setback itself. The best first step is to contact your lender early, explain your situation, and explore available options such as extensions, restructuring, or revised payment plans. Ignoring the issue can lead to added fees, damaged credit history, or aggressive recovery actions. By acting quickly and communicating honestly, borrowers can often reduce the impact and work toward a manageable solution.