An installment loan is a loan that you repay over time with fixed, regular payments. This differs from a traditional loan, which requires borrowers to pay back the entire amount at once when the loan is due. These loans take… Continue Reading →

Your credit score is one of the most critical numbers in your financial life. It’s a reflection of how responsible you are with money and it can determine your ability to get a loan, a mortgage, or even a job…. Continue Reading →

SkyCap Financial is proud to be named a finalist for the Consumer Lender of the Year award for 2022 by the Canadian Lenders Association (CLA).

We all get worried about our Credit Report history when we make a money mistake. We think, “Oh no, what will this do to my score?” Finding out exactly what makes a credit report work for you can be challenging…. Continue Reading →

Step 1: Decide how much you need to apply for When choosing and applying for a personal loan, it’s important to know how much you need. You will commonly see minimum personal loan amounts of $1,000 or more, but the lowest amount is around $500 (from SkyCap). In cases where you need less than that, you might be able to save up extra cash, borrow from a… Continue Reading →