Parachute Loans

We give you a loan at an interest that gets better over time. With Parachute, we are changing lives with just one loan.

When you follow our guide, your credit score will improve, your interest rate will drop, and you will be financially fit faster than ever. Parachute was founded with the purpose of providing financial well-being for Canadians dealing with high-interest rate (predatory) debt. We are creating a world in which people have control over their finances, feel financially secure and empowered to make bett

11/28/2023

Join us on December 5 at 1pm ET as we discuss how the way we think about money affects the ways we act with our money.
Register here: f38e52f9-7b2c-4493-a72c-ccb9f0f7bbe9@6a735e89-bdf5-4aa9-abf3-b0fb107472fa" rel="ugc" target="_blank">https://events.teams.microsoft.com/event/f38e52f9-7b2c-4493-a72c-ccb9f0f7bbe9@6a735e89-bdf5-4aa9-abf3-b0fb107472fa

10/05/2023

We’re excited to share that Parachute is now on GetintheLoop! Explore our offers on the app. 📲

10/04/2023

Here we go! In a little less than one hour we will be live with Jeri Bittorf, certified Money Coach exploring our own money beliefs and feelings and how we can make the most out of our money.

Please register here: 65cc5915-3efa-4719-8ec0-ff684c1e8b77@6a735e89-bdf5-4aa9-abf3-b0fb107472fa" rel="ugc" target="_blank">https://events.teams.microsoft.com/event/65cc5915-3efa-4719-8ec0-ff684c1e8b77@6a735e89-bdf5-4aa9-abf3-b0fb107472fa

If you can't attend, please proceed to register and we will follow up with a link after the event.

10/03/2023

Did you know we’re on GetintheLoop? It’s a free app that lets you find local savings, rewards, and more. Find our offers on the app! 📲

10/01/2023

Celebrating One Year of Transformation with Parachute: Cesar's Journey

Today, we want to share a story that embodies the very reason we founded Parachute. It's a story of transformation, resilience, and the incredible power of support.

Meet Cesar. Last month marked his one year anniversary with us. In that time, he's come a long way—from the stress and uncertainty that money troubles can bring, to now seeing the light at the end of the tunnel. Cesar's story reaffirms why we exist: to make a real, positive impact on people's lives. We're not just a financial service, but a helping hand, a source of guidance, and a community of support. His story is a testament to the dedication and hard work of our team, and it fills me with pride to see the impact we've had on his life.

I am also excited to share that we've raised over 60% of our goal with our FrontFundr campaign. If you are interested in supporting, or want more information, please visit our FrontFundr page here (https://lnkd.in/erdjvt3Y)

Here's to many more stories of transformation and success! 🚀

09/25/2023

We ALL have a relationship with money and for most Canadians it’s a quite stressful one. If you are looking for insight into your own relationship with money, hear from our first Parachute Prosperity guest speaker, Jeri Bittorf as she discusses:

Common emotions and behaviours around money
Strategies to change these emotions and behaviours
Tried and true practical tips on how to manage your money

Our first session will be on October 4 at 1pm ET - to register, please go here: https://lnkd.in/gUsik_e8.

-being

See you on the 4th!

Photos from Parachute Loans's post 09/15/2023

Wondering how can Parachute help you? Are you one of 8 million Canadians whose credit score doesn't qualify for a loan from a major bank? That's where we come in. We offer rates between 24.99-29.99%, well below predatory lenders. We coach and guide you towards your financial goals. And you can leave your loan with up to 10% in cash-back. Who else does that? Apply now at app.myparachute.co/apply.

08/27/2023
08/27/2023

It's been said that building a business isn't a straight line. The ups and downs of building a start-up have been the most challenging and rewarding chapters of my life. Like a rollercoaster, the intensity of feeling has run the gamut - stomach-turning, eye-closed, blood-pumping fear and excitement.

Lucky for me, I've had the great fortune of working with an amazing team (Mark Levitan, Karen Radic, Caitlin Carter, Tanya Romanuk, Joe Petralito, and Sumit Garg), who get up every day and strap in for the ride. Emotional highs, down-turns, and dips - burning the midnight oil has been part & parcel of this entrepreneurial journey.

But we're winning. Gaining momentum.

We're doing hard things that not only create impact for our clients, but are changing the status quo. And, despite a very broken market of high interest lenders, payday loans and credit counselling companies, we've created a product that offers our customers hope.

We like to say that Parachute is a loan with purpose - and for me, it's personal.

I am our client - a kid who 30 years ago (with a commerce degree!) found himself on the other side of a failed business, bad advice, and declaring bankruptcy. A poor financial decision that followed me throughout my career.

But there's no shame in that - or at least there shouldn't be - and that's why Parachute was created. We offer the canopy to help Canadians land on their financial feet.

I want to thank our friends at Intuit for sharing my story with their community. It offers a little background as to why I do this - and hopefully, it's a little reminder that together we can get financially well. (www.myparachute.co)

06/23/2023

We don't just offer financial solutions. We offer personal solutions that are tailored to your unique needs, so you can achieve long-term financial stability. Apply now at app.myparachute.co/apply and let’s get started.

06/22/2023

According to a recent report from Stats Canada (https://www150.statcan.gc.ca/n1/pub/11-631-x/11-631-x2023003-eng.htm) 3 in 10 Canadians said they were very concerned about their ability to pay their rent or mortgage. Can we help you at Parachute? Apply now at app.myparachute.co/apply and let’s see.

06/21/2023

Financial + Healthcare = FinCare. Meet Parachute, a new concept in financial services with a vision to be an unwavering ally to the financially underserved by empowering our customers to build financially healthy futures. Come join us at app.myparachute.co/apply.

04/06/2023

At Parachute, we understand that everyone's financial journey is unique. That's why we offer a personalized roadmap tailored to your specific needs and goals. Our team of experts will guide you every step of the way, helping you achieve financial freedom. 🙌💸🚀

Get pre-approved now at app.myparachute.co/apply!

04/05/2023

Canadians owed over $4.3 billion in payday loan debt in 2019, with an average loan amount of $520. Break free from the cycle of debt with Parachute's financial coaching and rewards program. Get pre-approved at app.myparachute.co/apply.

04/02/2023

It's easy to feel overwhelmed or fearful when it comes to managing our finances. We worry about making mistakes, taking risks, or not having enough money to meet our needs. But don't let fear hold you back from achieving your financial goals. Take control of your finances, and trust yourself to make smart, informed decisions. You have the power to create a brighter financial future for yourself. At Parachute, we are here to be your partner along the way. Get pre-approved at app.myparachute.co/apply.

04/01/2023

This is not an April Fool’s Day joke - it’s true! If you are interested in learning more, please visit us at myparachute.co or get pre-approved at app.myparachute.co/apply.

04/01/2023

Our customers aren't just numbers to us - they're part of the Parachute family. We stay in touch regularly to make sure you're always on track towards your financial goals. ❤️

‎The Feed with Amber Mac & Michael B: Ryan Sells Mint for 1.35B & Understanding of Impact EV Adoption on Apple Podcasts 03/22/2023

Had the pleasure of being invited for a chat with the amazing Amber Mac about Parachute last week….

‎The Feed with Amber Mac & Michael B: Ryan Sells Mint for 1.35B & Understanding of Impact EV Adoption on Apple Podcasts ‎Show The Feed with Amber Mac & Michael B, Ep Ryan Sells Mint for 1.35B & Understanding of Impact EV Adoption - Mar 21, 2023

03/17/2023

It's easy to feel overwhelmed when facing financial stress and debt, but don't forget that progress is possible with small steps. Every effort you make, no matter how small, can lead to a brighter financial future. Keep moving forward, one step at a time. We can help at Parachute - learn more at myparachute.co or apply at app.myparachute.co/apply.

03/16/2023

We believe in personalized attention and real human connection. That's why we personally call every customer during their application process to make sure they feel heard and supported. 🤝

03/15/2023

Take control of your finances and ease your financial stress with Parachute's loan services. Our personalized solutions and resources can help you achieve your goals and reach long-term financial stability.

03/10/2023

Don't let financial stress control your life. Take action with Parachute and start your journey towards financial well-being today. 💰💪

03/09/2023

According to a study from the Social Research and Demonstration Corporation (SDCR), there is a positive correlation between financial confidence and financial outcomes among working-age Canadians. Visit myparachute.co to learn more, or apply at: app.myparachute.co/apply.

03/08/2023

Don't let financial stress hold you back. Take steps towards better well-being with Parachute's personalized approach to finance. Visit https://app.myparachute.co/apply/ to kick start your journey towards financial wellness.

03/03/2023

A study by Ontario-based Licensed Insolvency Trustees Hoyes, Michalos & Associates Inc. shows that Canadian millennials had an average debt of $47,283 in 2022, with nearly half of all insolvencies being filed by people under the age of 40. The pandemic has only made things worse, with many people struggling to make ends meet due to job loss and reduced income. However, there are options available for those struggling with debt, including debt consolidation services like Parachute. Take control of your finances and start working towards a brighter financial future today. app.myparachute.co/apply

03/02/2023

"Financial well-being is crucial for a happy and healthy life. That's why at Parachute, we're committed to helping you achieve financial well-being every step of the way. From debt consolidation to personalized solutions and tools, we're here to support your journey towards financial freedom. ”

03/02/2023

Are you tired of feeling weighed down by debt?Our personalized solutions and customer-centric approach make it easy for you to achieve your goals. And with our unique cash back rewards program, you can even earn money while paying off your debt! Say goodbye to financial stress and hello to a brighter future with Parachute. Contact us today to learn more at 844-670-2403 or myparachute.co. ”

02/24/2023

It's time for a change. Take control of your finances and achieve your financial goals with Parachute. Let us guide you towards financial well-being.

02/23/2023

Did you know that according to results by Equifax, the average non-mortgage consumer debt in Canada $21,183? Parachute can help. Our personalized solutions and unique cash back rewards program support your financial well-being every step of the way. Say goodbye to debt and hello to financial freedom with Parachute.

02/23/2023

Are you feeling overwhelmed by debt? Do you want to take control of your finances and achieve long-term financial stability? Meet Parachute - we're here to help. We start with a debt consolidation loan, but our mission goes beyond that. We believe in supporting your financial well-being every step of the way. From our unique cash back rewards program to our customer-centric approach, we're committed to you. Say goodbye to financial stress and hello to peace of mind with Parachute.

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Videos (show all)

Celebrating One Year of Transformation with Parachute: Cesar's JourneyToday, we want to share a story that embodies the ...
It's been said that building a business isn't a straight line. The ups and downs of building a start-up have been the mo...
Debt consolidation with a purpose

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372 Bay Street
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