To offer an alternative to personal loans offered by credit unions, banks and other institutions, several private lenders in Quebec offer personal loans without credit check or guarantee, but should you turn to these?When your credit is bad and you need financing without a thorough investigation or pledging your most precious possessions in return for a quick cash advance , dealing with a serious private lender can give you a second chance. to get the upper hand on your finances when the banks and coffers have let you down.For example, you can use a private lender if you face an emergency or you have a special high-risk situation like being self-employed, unemployed or retired, even if your credit rating is good.It can also save you from filling out lengthy forms and providing paperwork such as proof of income documents. In addition, the deposit method can be more varied than a loan with a traditional financial institution.There are many reasons to seek financial assistance from a private lender, such as doing renovations to increase the value of your home for resale, if you have late payments or need cash to invest in the purchase of a home. equipment for your business.The duration of the loan can also be flexible, whether for short-term financing over a few months with a quick deadline or in the form of a mortgage over several decades, the possibilities are endless. By consolidating your debt in one place, this can save you money and avoid the trustee in bankruptcy.The private lender is most of the time an individual offering Auto Loans with Bad Credit loan services to other individuals, but he can also, according to his means, offer loans for businesses and as financing, all in a secure and confidential manner.When the time comes to choose with whom to do business, you must make sure to select a solution offered by a professional in all discretion who can, by listening to his customers, advise you adequately.For the more skeptical, the practice is even regulated by the Criminal Code: according to article 347, a private lender is forbidden to extract more than 60% in annual interest costs, which includes the costs of opening and file management.Note that, the legislation goes both ways: according to article 2644 of the Civil Code of Quebec, any creditor is in the right to put under guarantee the goods of the debtor. Finally, your request can be managed by a broker or an independent.This card belongs to and is issued by DirectCash Bank in accordance with the license granted by Visa International. The use of the card is governed by the agreement under which it is issued. The Visa brand is a registered trademark of Visa International. All credits and approvals are provided by Refresh Card Solutions Inc. DirectCash Bank does not provide any credit or loan. All funds and loans for this program are provided by Refresh Card Solutions Inc.