What Is a Payday Loan?
A payday loan is a short-term financial solution that enables you to cover immediate expenses. Usually repaid on the next payday, payday loans are more accessible than ever with our simple online application process. We do not check credit scores or credit reports during our online application process! Dependent on your application details, you may get connected with online installment lenders rather than online payday lenders. Apply online now.
The Cost-of-Living Crisis in Alberta
The living wage in Alberta varies widely, from $21.10 per hour in Stony Plain to $24.90 per hour in Jasper, from $24.50 per hour in Fort McMurray to $25.25 per hour in Edmonton. In the meantime, the minimum wage in Alberta is just $15.00 per hour, far less than the living wage in any of Alberta’s cities. From 2013 to 2023, the price of a single-family home in Calgary rose by more than 40%. The average rents are rising rapidly in the province as the population is expanding. While Edmonton is more affordable than the national average, the numbers are increasing there too.
How Payday Loans Can Help in Alberta
Online payday loans are a financial solution to help you cover urgent expenses or cover a gap in cashflow. Apply online now via LendProConnect. Based on your application details, we may connect you with an online installment lender rather than an online payday lender.
Improve Your Financial Wellbeing in Alberta
There are several ways to improve your financial wellbeing in Alberta:
- Create a budget. Aim to spend around 50% on your needs, 30% on your wants, and 20% on saving and debt repayment.
- Raise your income. This can be achieved by retraining for a new career. Alternatively, you could ask for a raise at your current job.
- Build an emergency fund. Aim to have six to nine months’ expenses saved up.
- Monitor your credit score. This is best done with Credit Verify. Sign up online today. The registration process takes only a few minutes.
Requirements to Obtain Online Payday Loans in Alberta
There are several criteria you must meet to qualify for online payday loans:
- 18 years of age or older
- Canadian citizen or permanent resident
- Permanent address
- Proof of consistent income
- An active Canadian bank account that has been active for at least 90 days
Ideally, you would have no NSF transactions and no active payday loans or short-term loans.
Conclusion
If you find yourself in a financial pinch, apply online via LendProConnect. Based on your application details, we may connect you with online installment lenders rather than online payday lenders. No credit check is performed during the online application process.
