Credit is only one factor
Eligibility can involve income, identity, banking and ability-to-repay information in addition to credit history.
Avoid “guaranteed approval” claims
A responsible lender must assess an application. Be cautious of sites demanding upfront fees or promising approval to everyone.
Know the cost
A payday loan can be expensive even when credit is limited. Compare the total repayment with alternatives before borrowing.
Protect your information
Confirm the business identity and licence before entering sensitive banking or identity information.
Before applying
Use the rates and fees page to estimate the borrowing cost, then review the borrower’s rights page and the page for your province.