Volodymyr Ouriadtchenko

Review of PRUDENT FINANCIAL

Got a loan with prudent a year ago, taking out a l...

Got a loan with prudent a year ago, taking out a lien on my vehicle. speaking to Jill on the phone I was told of the great rates they offered and explicitly made sure I asked whether there were any additional admin fees and such. was told that there was not - so I made my way over to their sheppard office with all documents in hand. This is when they showed me that while I was approved for the loan at the rate quoted to me on the phone I'd have to pay the equivalent cost of interest in admin charges.

They pretty much gave me a loan 2K loan I'd have to pay back 2.56k; my credit history is bad and I'm not complaining about the rate as I'd expect to pay a similar amount at a different place anyways but they could have been more upfront about the actual costs. But if they put a lien against your vehicle make sure you don't miss any payments - these guys will jump at the first opportunity to take your car off you for 1/4 it's cost.