Annual Interest Rates

The financial institutions we work with offer an annual interest rate of maximum 29%.

Example of a Loan

A reimbursable loan of $750 can be repaid in 10 installments of $119.48.

The information above is provided for descriptive purposes only using a $380 application fee payable to the official agent and broker. The official agent and broker alone determines the fees and expenses of each file at their own discretion, independent of the interest charged by the lender.

In Case of Default

NSF: A fee of fifty dollars ($50.00) will be charged for bounced cheques and also charged in the case of bounced pre-authorized payments. Your financial institution will also charge you an NSF fee for any bounced payments.

Deferral of Payment: If the debtor would like to defer a payment to later than the date agreed upon in the original agreement, an administration fee of $ 35.00 will be charged. In order to defer a payment, the debtor must inform the lender at least 72 hours before the date of collection.

Other Services and Conditions

Terms of Renewal: Loans are not renewed automatically. Loan renewals can only be made after the customer has submitted a request and it has been approved by our company.

Terms of Repayment: The terms of repayment on our loans varies between 3 and 6 months.

Collection and Credit Score

Our company is in compliance with Canadian laws, regulations and legal standards. If a particular situation arises during your repayment period, our collection department will establish a repayment agreement with you based on your situation. Should the debtor default on one of any repayments under this contract, the creditor can demand full payment of any outstanding balance, capital, interest and costs. All judicial and extrajudicial costs that could be reasonably incurred by the creditor as a result of defects in a contract by the debtor, will be claimed and returned to the creditor from the debtor. In the event that no payment agreement is possible between the debtor and the creditor, the creditor may assign the file to a collection agency, which may affect the debtor’s credit rating/score.