Loan Finder: Compare Financing for Home, Auto & More

In Canada, credit scores range from 300-900. A good credit score starts at 650, and this is the point at which most lenders will consider you for a loan. To learn more about what a credit score is and why it’s important, check out our guide.It’s still possible to get a loan with a lower credit score. However, your options may be limited, and you’ll likely be charged a higher interest rate to offset the increased risk that you won’t be able to pay back the loan.Many payday loan providers offer no credit check loans, because the funds are secured by your next pay cheque. But these loans are much more expensive than other types of loans, and there is a high risk of getting caught in a debt cycle. Do your research before deciding whether to get a payday loan, and pursue other funding options if possible.



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