Policy concerning responsible loaning

Applications go through an approval process to ensure the applicant has the means to fully reimburse their loan. This process may include, among others, verifying that your salary will cover loan expenses, that you haven’t missed too many payments in the past, and that you don’t have a large amount of microcredits already under way. Because of this obligation, we reserve the right to refuse applicants.

Missed payments

If any payments are refused from your banking institution, for insufficient funds or any other reason, You will be charged a NSF fee of $55

Credit scores

This situation will not affect your credit score with any credit agencies.

Responsible collection

Our collection department uses work methods you can rely on. If you miss a payment, our collection officers will reach out to you to advise you of missed payments and, if necessary, make additional payment arrangements at their sole discretion. When you miss a payment, interest on the capital borrowed continues to accumulate.

APR

The annual interest rate is 19,99%.

Amounts

Our loan amount is up to $1500 maximum.

Renewal

NO loan is automaticly renewed, the customer need to ask for a new loan.

Repayment term

Repayment delay of our loans is from 90 days or more.

Repayment example

Your loan: 750$ reimbursement every week with 16 installment, each payments will be 72.91$ by payment for a total amount of 1166.56$.
This information is given as an example only and considers the guarantee fees to be added to the borrowed capital.

Be responsible !

Used responsibly, microcredits may be the right solution for you. However, microcredits have higher rates of interest and fees than loans obtained through a local chartered financial institution. This type of service should be used as infrequently as possible or in the case where no other alternative solution, at lower rates of interest, are available to you.Taking out several loans of this nature will burden you with debt and lead to serious financial trouble.