SkyCap Financial Blog

SkyCap Financial provides customers with loans when they have most likely been turned down by the bank. We will carefully consider your current circumstance rather than just your past credit history. Fill our easy application process to get a quick decision and get you the funding you need to get the cover your dental expenses.

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Credit

How long does a late payment stay on your credit report?

If you’ve even missed a bill payment and noticed that your credit score was in free fall, you may be wondering: how long does a late payment stay on your credit report? In this article we will review how credit… Continue Reading →

9 Quick Ways To Improve Your Credit Score

If you’ve ever tried to take out a new loan, you know how important your credit score is. If your score is too low, you may have difficulty getting the loan you need. And, if you do find one, you… Continue Reading →

The 3 Types Of Credit You Can Get

For anyone looking for a loan, it’s easy to become overwhelmed by the options and vendors in the market. However, it’s essential to understand the different types of credit available to you before deciding how to move forward. This article… Continue Reading →

How to get a loan if you have bad credit

It can be challenging to get a loan if you have bad credit. A recent study showed that over 17% of all Canadians have a credit score below 620, which is considered a bad credit score. This means that nearly 1… Continue Reading →

Credit Scores: A Complete Guide

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 Announced As 2022 Consumer Lender Of The Year Finalist!

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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).

How to Read Your Credit Report

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 →

4 easy steps to applying for a personal loan

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 →

Canadians Deserve Better. SkyCap can help.

Last week CBC’s Marketplace aired a hidden camera episode showcasing four of SkyCap Financial’s competitors in the alternative lending space.  These competitors are arguably the four largest players in the industry.  While SkyCap was not contacted nor mentioned in the… Continue Reading →

Preparing your finances in the worst Economic Situations

Preparing your finances in the worst Economic Situations In terms of economic devastation, the year 2020 will always be remembered as the year the COVID pandemic wreaked havoc on the economic world. Hopefully, these trying times have given you a… Continue Reading →

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Interest rates and total cost of borrowing are dependent on a borrower's credit history. SkyCap reserves the right to approve or decline an applicant based on SkyCap's internal underwriting guidelines and procedures. Not all applicants are approved.

  • Loan amortization from 9-60 months
  • APR from 12.99% to 39.99%
  • Example: $1000 borrowed for 12 months at 29.99% Monthly payment: $97.48; Total cost of borrowing: $169.79