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Old 11-24-2008, 04:02 PM
Canadian Canadian is offline
Senior Member
Join Date: Jun 2008
Posts: 415

I spoke to a friend of mine last night, and he told me that it's close to impossible to get an unsecured loan at the moment. He is doing an extension on a house he recently bought in Toronto, and he needs a temporary unsecured loan (almost like a bridge loan) to cover his expenses until he obtains the permanent financing. The problem is that none of the big 5 Canadian banks won't give him such loan. I guess he can try credit unions next, but I doubt that he'll get a different answer there.
Bear with me please
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