Loan for Protected Person
- Thread starter sky9600
- Start date
As mentioned here, it is the decision of the lender if they will give you the loan.
I believe your temporary SIN (as a protected person) will be one of the many factors that are considered by the lender.
I would suggest talking to the bank/credit union that you already have a relationship with to see what your options are.
good luck!
If you are in Ontario and need social assistance (economical in this case) you could apply for Ontario works.
Also, there’s a financial institution called “easy financial” which could give you a loan even if your SIN is temporary.
Some banks also provide loans depending on your credit score and history even if your SIN is temporary.
Also, there’s a financial institution called “easy financial” which could give you a loan even if your SIN is temporary.
Some banks also provide loans depending on your credit score and history even if your SIN is temporary.
Just wanted to chime in—when I was looking into loans for a similar situation, I found that it can really depend on your financial situation and the type of loan you're after. For personal support, you might want to check with credit unions or lenders who specialize in flexible financing.
I’ve heard of a flip investor who use YouLand for their fix-and-flip projects because they offer short-term financing with high leverage, up to 85% LTC, but that’s more for property investments. Still, it got me thinking outside the box about where to look for funds. Maybe you could try reaching out to lenders who offer niche financial products?
I’ve heard of a flip investor who use YouLand for their fix-and-flip projects because they offer short-term financing with high leverage, up to 85% LTC, but that’s more for property investments. Still, it got me thinking outside the box about where to look for funds. Maybe you could try reaching out to lenders who offer niche financial products?
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