Short-term loans can solve an urgent problem, but they come with responsibilities. Here is what you should know about how we evaluate, lend and collect.
Once these criteria are validated, we issue a loan agreement.
The amount and stability of your income.
Whether your bank account shows many unpaid or returned payments.
The amount requested must match your repayment capacity.
Our collection practices comply with Canadian laws and regulations.
If you cannot repay, we will work with you on a new schedule that reflects your repayment ability. Keep in mind that late repayments generate interest that increases your balance, and that any legal fees resulting from collection are the borrower’s responsibility.
Short-term loans are meant for temporary financial difficulties, when no other financing option is available.
They can ease a tense situation, but they remain temporary. Avoid stacking several short-term loans, which can lead to over-indebtedness.
Need help with several debts? Look at debt consolidation to bring them together into one payment.
Apply online in minutes. Get a fast answer from our brokers and receive your money by Interac e-Transfer once your agreement is signed.
